I was wondering why BLK down so much today, seems like there is some news Fidelity offer of no-fee index funds hurts shares of rivals https://finance.yahoo.com/news/fidelity-offer-no-fee-index-165645558.html
i guess i can post up next week's earnings whispers weekly calendars a couple of days earlier than i usually do since i know a few of you like to get a head start on these. and here are all of the companies listed for each day next week (this includes the date/time & consensus earnings estimates)- https://www.stockaholics.net/threads/upcoming-earnings.3838/page-8#post-82818 <-- click there to view! as always the case, i'll have all of this info. posted on our new weekly thread for next week as well.
good thursday morning stockaholics! here is the pre-market thread for those wanting to get a quick read in before today's open- <-- click there to open! hope everyone has a great trading day ahead!
Let's see if TSLA can make it over $332, for now. As always, I think I mistimed my bearishness Everyone knows they will make money next quarter. Spoiler But it sounds like it is only due to them selling their pollution tax credits to other companies Bears maybe hibernate another quarter, at least.
Weird... TDA and Yahoo Finance show AAPL already at a $T market cap... But CNBC and Fox Business are saying it needs a 207 handle to reach a trillion What's up with that?
Maybe there is uncertainty about the exact number of shares outstanding, as they have been actively buying back?
Our market continues to outperform despite the global selloff SPX just less than 2% away from ATH, let’s see if we get there soon
Just listened to last night's Fast Money, they played a snippet of the TSLA conference. Musk says they will be cash-flow positive in every quarter going forward. I only heard that was going to be for the next 2 quarters, but this sounds better.
^^ haha, correct me if i'm wrong here but i believe it was you who was calling for SPX ATH at some point this summer back, back during the midst of the market correction? that is going to be a helluva epic call if the SPX does eventually go on to print the ATH...and even if it doesn't officially, i think it's still a great call because it's recaptured almost the entire down move. so, i'll just get ahead of this now and say NICE CALL @stock1234!
Someone on Fast Money was talking about rotating out of growth stocks and into value stocks, and mentioned semiconductors. MU bouncing off the trend line.
Thanks Cy I think the continuous selloff in China is somewhat worrisome, but still fairly confident that we will see a new ATH pretty soon with how well our market is acting
Are Only a Few Stocks Really Leading Us Higher? One of the more popular narratives we’ve heard this year is that only a few large stocks are pulling the overall market higher. We don’t agree with this assessment, and have cited several metrics over the last few months that showed market participation has been broad and eventual new highs in the S&P 500 Index were likely. Remember, when more stocks are moving higher, the bull market’s momentum increases. Below are a few reasons why we still see broad participation and a continuation of the bull market: The Advance/Decline (A/D) lines for the NYSE and S&P 500 both closed at all-time highs last week. The Dow A/D line made new highs earlier this week. The Value Line Geometric Index is less than 2% from its all-time high. This index equally weights all stocks and is a good gauge for how the median stock is performing. The Technology Equal Weight Index made a new high last week. The Nasdaq 100 Equal Weight Index made a new all-time high last week. “The one constant that has suggested higher equity prices this year has been market breadth. Tariffs, tweets, and rate worries might be in the headlines, but we’ve been comforted by the fact that many market measures of breadth have suggested eventual new highs and we are happy to report this is still the case today,” explained LPL Research Senior Market Strategist Ryan Detrick. There has been a lot of news coverage around the five largest companies now being worth more than the bottom 250 in the S&P 500. Thanks to data from our friends at Ned Davis Research (NDR), the top five stocks in the S&P 500 account now for 13.98% of the total index. As our LPL Chart of the Day shows, the current weight of the top five stocks is actually beneath the average of 14.33% using NDR’s data going back to 1972. This is another sign that investors should ignore the narrative that only a few stocks are leading us higher and that the market is doomed.
Of course the China sell off continues. I took a large position in FXI today at $41.80. As of late, one could make a lot of money doing the opposite of me. Ugh!
also, just wanted to quickly reach out to some of you who chime into this weekly thread. in case any of you missed it, we have our monthly jobs report predicting poll up- Nail the #! Predict the July 2018 NFP Jobs Report... <-- click there to vote! it would be cool to get a couple more votes in there before 8:30am eastern. don't forget to post your vote on that thread as well.
