VIDEO: These Earnings Are on Our Radar for Next Week
Let’s discuss Visa’s latest U.S. Spending Index and what we’ll be watching next week.
Bloom Energy Wilts
We initiated a Bloom Energy ($BE) short yesterday.
Today it is -$19.
Position: Short BE S
Who the Heck Is Inseego? We’re Buying the Small-Cap 5G Firm
We’re taking a closer look at the defense contractor following a recent peak.
Trade of Next Week: Buy MSOS $4.45
For the second time in a month MSOS ($MSOS) is my Trade of the Week.
Investors are likely misinterpreting the progress at the current hearings that l expect will lead to a rescheduling of adult recreations use of cannabis.
I have aggressively added to MSOS and the individual stocks in this period of weakness for the previous reasons mentioned in my Diary (markets are stabilizing, the fiscal debt cliff has been resolved with numerous refinancings (at favorable terms), likely resolution of tax (UTP) and custodian issues that will lead to rising institutional demand, etc..)
Positions: Long MSOS VL
Chart of the Day (Part Trois): Massive Memory Money …
Positions: None.
Going Small on SPY, QQQ
Moved to small-sized index shorts:
* SPY ($SPY) $753.10
* QQQ ($QQQ) $723.35
Positions: Short SPY S QQQ S
Another (Mass.) Marijuana Moment
While I don’t think this initiative has a material meaning or consequence, it probably contributed to some confusion and likely took cannabis stocks lower late Thursday.
I was an aggressive buyer (as previously noted) in the correction:
Position: Long MSOS VL
Chart of the Day (Part Deux)
* Whoa Nelly!
Here is a terrific chart which graphically shows how much share of the stock market technology has risen over the last three decades:
Positions: None.
Morning (Short) Additions
Added to following shorts:
* SPY ($SPY) $752.76
* QQQ ($QQQ) $722.46
* GRNY ($GRNY) $27.86
Positions: Short SPY VS QQQ VS GRNY M
Tweet of the Day
Positions: None.