Boeing Takes Another Step Up
We continue to see higher delivery rates in the quarters ahead, driving revenue, profits and cash flow.
Small Caps Are Where the Money Is Going
The senior indices sold off while the Russell 2000 gained and breadth stayed positive.
Tuesday’s Closing Stats
Volume
– NYSE volume 9% below its one-month average;
– NASDAQ volume 13% below its one-month average;
– VIX index: down 1.03% to 15.30
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Earnings After Close Tuesday, Before Open Wednesday
Source: TipRanks
Earnings After Close Aug 11:
Earnings Before the Open August 12:
Programming Note
As some are aware, a golfing pal that I am very close to unexpectedly passed on Thursday.
In the last 24 hours there has been two additional and unimaginable tragedies of two young people who were part of dear friends’ families.
I am speechless and full of grief.
I am leaving early today and I won’t be writing on Thursday and Friday as I participate in services related to these unfathomable incidents.
Positions: None
Recommended Viewing
Trade to Black with Shadd Dales and AV on the Curaleaf proposal to acquire Aurora Cannabis!
Positions: Long CURLF (S)
Locking in Big Gains on an Overbought Software Position
We’re selling off some of this Big Tech position after a strong surge.
The Three Scariest Words
“Off-balance sheet” has a familiar but chilling sound to it.
Positions: None.
Our Pros Weigh In On Whether Palantir Stock Can Hit $200
This week’s sentiment survey will tell us where our team stands on the stock market before digging in on Tesla, SpaceX, and Palantir. Plus, why your 401(k) may be invested in the wrong things.