We’re Long This Small-Cap Drone Name as Fears of Russia NATO Strike Rise
The CIA director reportedly visited Russia to warn about attacks on NATO allies.
Nvidia Lets the AI Trade Roll, CIA in Moscow, Warsh’s Backyard BBQ
Nvidia’s results beat Wall Street expectations by a mile, signaling the AI trade is alive and well.
Something Cool for Summer
Let’s dive into that that chilly CPI data, check the rate outlook now, and preview Lockheed Martin’s and RTX’s drone-busting tech.
Charting Microsoft, Palantir, Amazon, RTX and Potentially Upping 2 Targets
Here’s how I see these four Sarge-folio stocks and why I could increase the price targets on two.
Market Indecision: War Uncertainty, Wacky Econ Data, Fake News?
Investors are stuck dealing with more questions over the state of the Strait, economic data that doesn’t quite make sense, and accusations of fake news.
New RTX Price Target After $95 Billion Update
The former Raytheon seems likely to follow General Dynamics higher.
The Calm Before the Storm
Lull in fighting between U.S. and Iran to be followed by big earnings by Amazon, Microsoft, Meta, and an economic data deluge. Also, a defense shortage?
Intel, Defense Are Bright Spots as Market Descends Into Ugliness
Oil, yields, and earnings from Tesla and Google create a stench on Wall Street as war and tariffs pave way ahead with looming perils.
Ouch, That Was a Rough One!
That was a rough day for most U.S. financial markets. The major equity indices took a hit on Thursday as tensions in the Persian Gulf and Red Sea pushed WTI crude oil futures above $93 per barrel. Additionally, disappointing performance by Tesla ($TSLA) and Alphabet ($GOOGL) for their second quarters put pressure on the tech/growth type names. Alphabet ran into a free cash flow problem. Tesla just had a sloppy three months, badly missing on profitability.
The S&P 500 gave up 1.21%, while the Nasdaq Composite was slapped around for a loss of 2.15%. The yield paid by the U.S. 10-Year Note ran up to 4.7% while the U.S. Two-Year Note paid 4.36% by day’s end.
Markets seemed to take it badly when President Trump warned that U.S. forces would destroy an Iranian bridge or power plant for every vessel attacked in the Strait of Hormuz. Iran threatened to target infrastructure and energy in the region where the U.S. has overt interests.
Industrials were leaders on Thursday, led by Defense as Lockheed Martin ($LMT) popped for a gain of 10.5% in response to earnings. RTX ($RTX), which is the old Raytheon, also ran 7.3%. Discretionaries were pummeled as Tesla put the whammy on the autos.
One more day this week, gang. Dougie is back tomorrow. It’s always a pleasure to go through the trading day with you when I get the chance. Have a nice evening and may God bless you all.
Sarge out.
Position: Long LMT, RTX equity
New Lockheed Price Target After Huge Breakout
The defense giant is forcing managers to increase long-side exposure.