Chart of the Day: Pullback in Eaton Is Actually a Positive
This Pro Portfolio stock has fallen sharply this month but right to a good support level.
Tweet of the Day (Part Deux)
Positions: None.
Who the Heck Is Aspen Aerogels? I’m Opening a Position
The small-cap aerogels firm is a compelling investment.
Unsustainable?
Apropos to my opening missive, the spread sure looks unsustainable to me:
EPS vs. RPS growth. “That gap reflects widening profit margins. A margin gap this wide has appeared in the past only after recessions and bear markets. This pattern shows up early in bull markets rather than late. This time, the difference is that the margin expansion is not the usual cyclical bounce off a trough.”
Position: None
AMD Gets a Boost, So Here’s My Plan
Amid trading volatility as Nvidia gets ready to report, AMD gets an upgrade by a star analyst.
Buying Carvana Puts
I’m buying Carvana ($CVNA) puts for September and October.
Position: Short SPY common (VS), puts (S)
Things I Did Today
Here are today’s things:
* I added to my $SPY short at $767.18.
* I added to ETF shorts $GRNY at $27.89 and $JOET at $46.10.
* I shorted $JPM at $353.71.
* I shorted more $CRWV at $89.06 and $NVDA at $212.04.
Position: Short SPY (VS), GRNY (M), JOET (S), JPM (VS), CRWV (VS), NVDA (S)
I’m Building a Bigger Position in This Fast-Growing Energy Play
One of the favorite names on my shopping list, this is a way to own the fastest-growing oil and gas fields in the world.
Selling Palantir at a Big Profit to Increase Our Cash on Hand
The risk to reward tradeoff leads to us to downgrade our rating as well.
Late Morning Market Stats and Charts
– NYSE volume 24% below its one-month average;
– Nasdaq volume 13% below its one-month average;
– VIX index: down 0.06% to 15.84
