I think we should start by checking where we are. Were in the midst of a big snap back day the dow is back over 20,000. Pushing a 9 gain of 1600. The s p good for nearly 8 theres the nasdaq as well up close to 7 . Have we turned a corner . I dont think so. I think technicians is what is referred to as a counter trend move its nice to have. I think people could use a break from just the persistant and constant selling were looking at stocks in the s p 500 be p t the percentage of stocks making fresh hundred day lows that number is slowing down. A few days ago it was high 80s right now its low 60s i think thats pretty good i think well take that. Again, these are the types of days that give you the opportunity judge, if you were panicking and you felt you were too exposed, this would be the kind of day if youll lighten up from a 60 40 portfolio to a 50 50. If you look at the biggest names its happening in areas that have been thrashed mgm up 33 Royal Caribbean up 31 im looking at ual up
Its definite. But, and this is a big but, you know what . I think its time that we just shade things i think we should take a little off the table. Why do i say that . Its not just because when i walk around downtown manhattan, im hearing more hey, make me some money cramer catcalls than i am booyah or i love the show sho sho shout outs its all the issues that have dogged the market suddenly seem to have gone away. So im feel like we got to kind of pan gloss moment here pangloss frankly, it means that were in a position let me just say the pangloss sellers, thats not what im talking about, the great vineyard in sonoma i like that. Were not talking about delicious cabernet here. Were talking about voltaires pangloss all is for the best isnt the best of all possible worlds pangloss whenever we start getting that vibe, it makes me want to sell something, because the best of all possible worlds nevertheless first of all, lets talk about whats going on right now, right now because there are
For nvidia long my favorite stock one i always say to own, dont trade. Yet i keep hearing about how to trade nvidia should you go long or short . The greatest avl intelligence play of our time one thats already changing the world with its borderline miraculous semiconductors. Should we declare victory, sell the darn thingup here . Maybe buy some more. And then it hit me why dont i just tell a dad joke so here goes [ rimshot yeah that is why my sisters names rose because your mother loves roses. Thanks, dad. No problem nvidia hallelujah plunging 606 points. Nasdaq tumbling. Nasdaq losing. 39 prs. We have to recognize there was one stock of one truly Great Company that frankly has nothing to do with the dow or the nasdaq or the fed for that matter that stock is nvidia it is quite simply much bigger than a Semiconductor Company much bigger than a can p, much bigger than the platform i owned my late rescue dog after because i didnt think enough people owned the stock. Who is nvidia, what i
The U.S. District Court for the Northern District of California on May 30, 2024, approved a settled final judgment against technology company Arista Networks' former chairman and CEO,.
Guidewire Software (NYSE: GWRE) reported non-GAAP earnings per share of 26 cents in third-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 13 cents. The company reported a non-GAAP loss of 8 cents in the year-ago quarter.