Friday’s market bounce was the biggest in two years, so it isn’t a surprise that it created some optimism, but the move probably had more to do with index rebalancing than positive macro developments. The narrative was the inflation concerns had cooled, but that was the easy headline to write. What we have is a … Read more
Have you ever noticed that folks tend to be more bullish on the overall market when growth/tech rallies? The best evidence I have is that tech rallied late last week and my weekend Twitter Poll showed the highest percentage (63%) looking for the next 100 points in the S&P 500 to be up since just … Read more
When India began their chase of 109 in the first T20I against Ireland in Malahide, they felt out Deepak Hooda, rather than the regular opener Ruturaj Gaikwad, to start their innings alongside Ishan Kishan. It seemed at the time to be a tactical decision, with the freer-scoring Hooda preferred in a game shortened by rain … Read more
Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we … Read more
Remember the way everyone was loaded up with tech stocks in 2021? Remember how it was about the only area of the market that worked? And then came early 2021 and the stocks corrected. Tech bottomed in the spring of 2021 but the majority of those stocks that peaked in February 2021 never came back … Read more
Finally. What was that? Around 9:15 am ET. Surprised Carnival Corp (CCL) didn’t wait until after the opening bell. One would immediately think that maybe the firm released their numbers so close to the opening bell in New York in order to try to fly under the radar as most traders, especially sales traders, are … Read more
Last week I harped away about gasoline and it finally fell in the last few days. Notice it fell right to the uptrend line. Now it should be obvious for even casual chart readers to see that if this line breaks, it changes the energy picture in a big way. As aside, last week we … Read more
India head coach Rahul Dravid has backed Rishabh Pant, saying he remains “an integral part” of the side, despite the wicketkeeper-batter managing only 58 runs at a strike rate of 105.45 in the five T20Is against South Africa. Coming into this series, Pant had scored 340 runs at an average of 30.90 in IPL 2022. … Read more
An IPL game is now worth a record INR 105 crore (USD 13.44 million) making it – in terms of value per match – the second-most lucrative sporting product in the entire world, behind only the NFL (USD 35.07 million*). This figure may actually rise considering the e-auction for the T20 tournament’s media rights, which … Read more
On Thursday evening, DocuSign (DOCU), the darling of the pandemic economy, released the first quarter financial results. For the three month period ended April 30th, DocuSign posted adjusted EPS of $0.38 (GAAP EPS: $-0.14) on revenue of $588.69M. The sales number was good enough for annual growth of 25.5%, and did beat Wall Street. The … Read more