Tag: Stocks

I was telling @newageinv how I have been trying to short General Motors for years (without success) and that I might get another chance in the near future.

You see, auto-loan delinquencies are at all-time highs again.

Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan balances in Q4 2018, according to New York Fed data this morning. This put the auto-loan delinquency rate at the highest level since Q1 2012 and just 0.6 percentage points below the peak during the Great Recession in Q1 2011.

At the end of

All global indices have bounced from the lows of late December due to prices being oversold.  However, the fundamental haven’t changed…economies around the world are decelerating.

Forget the ongoing trade war and China’s slowing growth — Deutsche Bank thinks “the biggest risk to the global economy comes from Europe.”

“The German manufacturing sector is flirting with recession and the Italian economy is in outright contraction. The ECB is unlikely to shift policy substantively in the near-term, leaving the economy fragile and exposed.”

Deutsche Bank expects GDP growth of just 0.9% in 2019. As a result of this fragility, Deutsche Bank fears that a

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. Its digital entertainment platform provides users to access mobile and PC online games, and eSports operations and live streaming of online game play and social features.

Several weeks ago, Sea Limited reported a fourth-quarter 2018 loss of $0.81 / share, but the stock jumped because the results were better than anticipated.  I think the highlight of the earnings call was revenues surged 136.6% year over year to $389.3 million.  In

BAML analyst Wamsi Mohan, who had cut his firm’s rating on Apple to neutral in early November, returned his assessment to “buy” with a price target of $210 per share, a 16.6% increase from the bank’s previous level. Monhan said that a “large reversal of inventory overhang” for Apple iPhones, as well as stability in the group’s global supply chain and “modest” acceleration in services revenue growth has improved the group’s valuation. He also predicated the group will announce a near-term share buyback plan.

Source

I think the upgrade is a bit too late.  I mean Apple bottomed at $142 and the

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. QQQs is one of the most traded ETFs in the world and includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.

The Invesco QQQ ETF first hit the markets on March 10, 1999.  After 20 years, QQQ is now the sixth largest U.S.-listed ETF with $66.4 billion in assets under management.

QQQ’s the top three sectors are: 60% technology, 22% cyclicals and 9% healthcare.

Top components include are Microsoft (NasdaqGS: MSFT) 10%, Apple (NasdaqGS: AAPL) 10%, Amazon.com (NasdaqGS: AMZN)

On Sunday, an Ethiopian Airlines crashed killing 149 passengers and eight crew members on board shortly after takeoff. When the US markets opened Monday morning, Boeing stock gapped down 11% and fell as much as 13.5% to $365.55 shortly after market open.

Ethiopia, China and Indonesia, Caribbean carrier Cayman Airways, Comair in South Africa and Royal Air Maroc in Morocco temporarily grounded their Boeing MAX 8s as a precautionary measure.

The incident was the second deadly crash of the new Boeing planes in less than five months. A Lion Air Boeing 737 MAX 8 plunged into the Java Sea shortly after taking

Domino’s Pizza isn’t a pizza company, they are a tech company.  If you don’t believe me, just read my post from seven months ago,

Domino’s (Pizza) From Cardboard Crust To Technology Company

But if you insist that Domino’s Pizza is in fact, a pizza company, the make hella good pizza (especially when you get bacon as a topping).

Several weeks ago, Domino’s Pizza posted weaker-than-expected fourth-quarter earnings.  U.S. company-owned same-store sales rose 3.6%, Domino’s said, the slowest pace in four years and well below the consensus estimate of 6.6%.

So when I looked at the chart for the first time in seven months, I

Last take a quick look at last week’s action in the S&P 500.  After having that furious v-bottom rally the past two months the index ran into a strong resistance level and was met with rejection.
Third time not a charm
If you look at the chart in this post you will see that the 2810 area on SPX is a strong resistance point since late October as price was turned down after rallying to it multiple times.
Thus, it is not a surprise that after a large move higher the index ran out of gas at this level.  After a sell of