I started a position in GoPro today. A solid company with some great products. And I think some day, one of the Big Techs might buy in. Holding time horizon: long.
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week and a fresh start. Here is a quick check on those futures as we are a little under 4 hours from the cash market open. GLTA on this Monday, August the 15th, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Monday, August the 15th, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/woyfcs/815_mondays_premarket_stock_movers_news/
Morning Lineup - 8/15/22 - The Best of Times and the Worst of Times Mon, Aug 15, 2022 Coming out of a four-week winning streak, bad news out of China has put pressure on stocks to kick off the week. S&P 500 futures have been trading down over half of one percent this morning, but that weakness comes after a four-week rally of over 10% which took the S&P 500 to 'extreme' overbought levels (more than two standard deviations above 50-DMA) to close out last week. The week kicks off on the economic calendar with the Empire Manufacturing report at 8:30 Eastern and then Homebuilder Sentiment at 10 AM. Both of these numbers will be for the month of August, so bulls will want to see improvement in both readings to allay any concerns over the health of the economy. A lot of people go on vacation in the second half of August, so things often tend to quiet down. In a perfect world, the slowdown would be accompanied by a period where not much occurs in the markets. Every so often, though, less liquidity at this time of year can exacerbate the impact of news and cause an exaggerated move in markets. Usually, the direction is lower. From a seasonal perspective, the upcoming one-week period has historically been one of the weakest of the year. Over the last ten years, the S&P 500's median decline from the close on 8/15 through 8/22 has been a decline of 0.26% which ranks in just the 22nd percentile of all one-week periods throughout the year. As bad as the upcoming week has tended to be for stocks, the next three months have historically been one of the better periods as the S&P 500's median gain has been 4.56% which ranks in the 86th percentile of all three-month periods throughout the year.
Yeah BBBY has been a big mover lately Since you mentioned BBBY, I took a look at both GME and AMC, looks like both of them down for the day
It may well be a great investment, but in companies like GPRO that have a relatively narrow focus (small action cameras, in this case), I like to take an especially close look at the competition. There are a TON of GoPro clones in the marketplace, many of which are good quality. Akaso is an example of a quality clone at a much lower price. There are also competitors that compete at the innovation and cutting edge level, such as DJI. GPRO is worth considering, for sure, but their particular market niche is extremely competitive. They will have to continuously innovate and lead at a very high level to maintain or increase market share and earnings.
Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the new trading day and a fresh start. Here is a quick check on those futures as we are a little under 3 hours from the cash market open. GLTA on this Tuesday, August the 16th, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Tuesday, August the 16th, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/wpsoo8/816_tuesdays_premarket_stock_movers_news/
Morning Lineup - 8/16/22 - Checking in on the Home Tue, Aug 16, 2022 Investors generally expected a weak tone out of this morning's updates to Building Permits and Housing Starts, and weak homebuilder sentiment provides a clue as to why. Yesterday’s update on homebuilder sentiment from the NAHB for the month of August showed that the US residential housing market is rapidly cooling off. Take the last four months, for example. In three of these four, the headline sentiment reading from the NAHB has missed expectations by at least five points. Historically, the reported reading in this index tends to come in by +/- two points relative to expectations, so misses of five or more aren’t very common. Put another way, before this May there were only ten other months since early 2003 where the headline reading missed expectations by five or more points. Besides the fact that the last four months have been so weak relative to expectations, it has also now been nine months and running that the headline homebuilder sentiment report has been either in line with or lower than expectations. The last time Homebuilder sentiment was better than expected was back in November! The current streak without a better-than-expected reading now ranks as the second longest since at least 2003. The only streak that was longer came during the early stages of the housing crash in August 2006.
I do like semiconductors in a long run although I am reluctant to add to my positions here after a huge market run lately, good luck with your positions though
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day and a fresh start. Here is a quick check on those futures as we are a little over 4 hours from the cash market open. GLTA on this Wednesday, August the 17th, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Wednesday, August the 17th, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/wqn8ux/817_wednesdays_premarket_stock_movers_news/
Morning Lineup - 8/17/22 - Not Much of a Second Effort Wed, Aug 17, 2022 After Walmart (WMT) capped off the strongest earnings season for US stocks in years, a bit of a hangover appears to have set in for investors this morning. Futures were only modestly negative in the middle of the night, but there has been a steady drift lower throughout the early morning hours to the point where S&P 500 futures have traded down over 75 basis points as we type this. Looking for a culprit, earnings don't fit as a narrative. The most high-profile report this morning has been Target (TGT) which reported weaker-than-expected results, but the stock is only trading down 2%. Hardly enough to warrant a decline of this magnitude. Trading in Europe may be to blame as major benchmarks in the region are down following a higher-than-expected inflation report in the UK that pushed the y/y rate above 10%. With the FOMC Minutes on tap, maybe investors are fearing some hawkish text in the minutes. Whatever the cause, after yesterday's rally screeched to a halt just shy of the 200-day moving average (DMA), the bulls' second effort looks pretty weak at this point. We'll see if Retail Sales either add to the misery or put a pep in the market's step. Walmart’s (WMT) earnings report after the close yesterday marked what we generally consider to be the unofficial end to earnings season. If you’re a bull, you’re probably sad to see this one come to an end. Through yesterday’s close, the S&P 500 was up over 10% since earnings season began July 8th, and that represents the best earnings season performance for the index since the Q2 reporting period in 2009! Since the start of 2009, the just-completed earnings season also marks the 13th time that the S&P 500 has rallied 5% or more during an earnings season (six weeks from the Friday before the first big banks report numbers). With strong performance during the reporting period, the natural question for investors is whether the gains we have seen have been borrowed from the future. Looking back at prior strong earnings seasons, that doesn’t appear to be the case. In the 12 prior reporting periods, the S&P 500’s median change from the end of earnings season through quarter-end was a gain of 2.38% with positive returns 75% of the time. That’s actually modestly better than the median gain of 1.75% and positive returns 73% of the time for the remainder of all other quarters. Instead of borrowing from future gains this earnings season, maybe the S&P 500 was just collecting on its ‘loan’ during the June swoon?
have a great rest of your summer guys! think ima take the rest of the summer off here. got another family beach trip incoming in a couple weeks from now for the labor day weekend. hella lookin' forward to that. will admit, the market price action this month has been largely a bore fest for me. really missing those nice large swings in both directions like we saw at the beginning of this year. i never hope for black swan events that are life threatening ofc, but will have to admit that i'm kinda secretly hoping we see some tree shaking event to get the ball rolling again. betcha it happens the week i leave for vacay (always does with my luck! lmao). catch you's all next month.
