Charting the S&P 500: Another Setback for the Bulls
Stocks had a chance to run higher this past week but missed their chance.
Stocks had a chance to run higher this past week but missed their chance.
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
We closed out a profitable position, added to two others, and adjusted several price targets. Here’s what we’re watching next.
Plus why we’re closely tracking key support levels for the S&P 500 and the Nasdaq Composite.
Intel’s earnings, Amex reports, mortgage rate headwinds, and other headlines are moving stocks this morning.
Am I the only one that finds it ironic that Anthropic and OpenAI are whining about the Chinese stealing their IP and then massively undercutting them on price, when they themselves have stolen everything to train their models?
And this (as mentioned previously) …. Alphabet’s ($GOOGL) free cash flow is negative for first time ever, and they are supposed to take CAPEX up? And Alphabet is in better shape then most of them. All the off-balance sheet stuff. Meta ($META) seems to be the worst and they are nowhere in AI — seems like all that money is going to be about as well spent as the Metaverse:
Position: Long GOOGL (VVS)
Inflation pressures build, AMD’s chip event, United Rentals crushes it, and other headlines are moving stocks this morning.
While the SOX breaks down, this stock keeps holding up.
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
We raised a few price targets, added to three holdings, and locked in big gains in another.