Industrials getting hit a little bit today Some of these stocks have been hitting ATH despite pretty steep decline of earnings and revenue
TWTR reporting later this week. Valuations are cheaper than SNAP and PINS but TWTR seems to disappoint on earnings most of the time
I am repeating myself and I could be very wrong, but I just can’t see this market getting bought up aggressively until we get the election results unless we get a surprise stimulus deal or vaccine news. I will buy a little bit if we are down big like yesterday again but I won’t be too aggressive most likely until after the Election Day
There won't be a stimulus deal, Democrats would be fools to give the market a chance to rally now. CHWY with good relative strength today, will it break out tomorrow?
BABA hitting new highs today. MSFT reported this afternoon, it is not reaching ATH from early September.
GBTC (Bitcoin trust) moving up. I guess that's another way to move out of the American stock market for now.
An ‘enormous’ stock-market bubble has already popped, says David Einhorn ‘Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped.’ — David Einhorn, Greenlight Capital Einhorn acknowledged that Greenlight had “prematurely identified” the bubble in a 2016 warning, one he put down in part to the notion that the height of the 1999-2000 bubble was a once-in-a-career experience and that investors wouldn’t repeat “that level of insanity.” “Clearly, we were mistaken,” he said. Gonna leave with that quote.
There won't be stimulus until at least January 20 in my opinion. McConnell hasn't even brought it up for votes and has said he doesn't plan to. If Biden wins, Trump won't care about mediating between Pelosi and McConnell for a stimulus, and if Trump wins, their will no longer be an incentive to providing stimulus for an election bump politically for the Republicans.
Wow TUP soars after earnings Seems to be benefiting from people eating more at home. I guess you need something to store your leftover whether you cook at home or buy some takeout orders from the restaurants
CHWY continues to outperform I guess it is considered as the coronavirus play when the number of cases are high
On barchart.com I saw the "Miscellaneous Staples" were a strong sector, it includes TUP, CHWY, and PRPL. I'm hoping CHWY breaks out RSI above 70, it's having trouble doing that right now. The thing about Tupperware is you can re-use various containers like the ones for margarine to hold food. Those leftover containers are good enough quality themselves. I am glad for TUP because they make quality products, appreciate actual physical products. But I don't think this will be a recovery play like AMD, don't think they have the Lisa Su of food containers.
I have no idea who is going to win next Tuesday but if the election is contested, it could be another negative for this market. Also we might not know who will be the President yet next Tuesday night or Wednesday morning like we usually do this time around
PINS soaring after earnings, a good earnings season for social media so far Too bad I don’t own any of them expect FB
