Baseball Trivia Answer

Question…

Only four times in post-integration (1947) MLB history has a ballplayer hit 35 or more home runs, while finishing the season with an OPS of less than .725. Hint: one batter did it twice. Name them.

Answer… 

1) In 1982, Dave Kingman of the New York Mets hit 37 HR, while batting just .204 and posting an OPS of .717. 

2) In 1983, Tony Armas of the Boston Red Sox hit 36 HR, while batting just .218 and posting an OPS of .707. 

3) In 1986, Dave Kingman of the Oakland Athletics hit 35 HR, while batting just .210 and posting an OPS of .686. 

4) In 2021, Kyle Seager of the Seattle Mariners hit 35 HR, while batting just .212 and posting an OPS of .723. 

Positions: None.

Palantir on a Tear

Palantir ($PLTR) is now up 22% since we gave readers a pre-earnings bullish setup.

The stock is also up 50% since its late July low. Readers will now see that the stock is consolidating while building a sideways to slightly higher trajectory after its post-earnings run. The stock has left its 200-day SMA in the dust, forcing professional managers to increase exposure. In addition, relative strength is quite robust but not severely overbought technically. On top of that, the daily MACD is set up about as bullishly as it could be with all three components singing the same song. My $205 target price stands for now. 

Positions: Long PLTR equity. 

Baseball Trivia!

Only four times in post-integration (1947) MLB history has a ballplayer hit 35 or more home runs, while finishing the season with an OPS of less than .725.

Hint: One batter did it twice. Name them.

Positions: None.

On That Note…

Advanced Micro Devices ($AMD) is up more than 2.5% on the debt issuance news. Readers will see that AMD hit resistance through June and July at close to the same level. The shares also found support at the 38.2% Fibonacci retracement level of the March into July rally. This has created what we call a basing period of consolidation or “flat base.” The stock can break in either direction out of these patterns, but in my experience, they have tended to be patterns of continuance. In this case, that would be bullish.

The upside pivot remains the 50-day SMA. Relative strength is still non-committal, but the daily MACD is starting to look a lot closer to a more bullish posture across all three components. I am reiterating my $700 target price here.