Why Isn’t Oil Fueling a Move Higher in the Transports?
Oil down, transports up. That’s the old relationship. But it isn’t working these days.
Oil down, transports up. That’s the old relationship. But it isn’t working these days.
Housekeeping item.
Into the afternoon swoon I have covered the basket of high-octane/beta shorts I recently put on.
Some of the stocks in the basket include $MU, $AMAT, $SNDK, $AVGO, $MRVL and $TSM.
As I have noted in the Comments Section, this strategy is not recommended for home gamers!
Position: None
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
We added to three holdings and started a new position during a roller-coaster week for the market.
Oracle’s capital spending and a new business combination are added catalysts.
Aspects of May inflation data may surprise to the upside this week, and what that could mean for the Fed.
Here’s how I’m going to handle this tech name as Alphabet and Nvidia reportedly eye INTC as backup to Taiwan Semiconductor.
With both companies, we see reasons why management guidance skews conservative.
Israel-Iran tensions mount, NFIB warns of inflation and and other headlines are moving stocks this morning.
A flood of events will soak up liquidity in exactly the sector that needs support.