This has been another extremely challenging week. Yesterday the Nasdaq opened in the green and was up over 2% before selling off hard into the close. It ended down more than 1%. Today, the Nasdaq is toying with a somewhat key technical level 14,000...
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Yesterday was an ugly day as the Nasdaq got off to a good start and was up more than 2% then faded, with the selling accelerating into the close. The index ended the day down more than 1% and today is toying with somewhat...
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We comment on recent earnings reports and other company-specific news about our recommended stocks, and include some thoughts on cryptocurrencies and the current burndown in momentum stocks.
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The real short version of what’s going on out there is … we’re officially in a bear market in growth. And it’s been particularly tough going in the super-fast-growing small-cap stock arena.
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Stock Name
Market Cap
Price
Investment Type
Airbnb (ABNB) –Buy Half
$103 billion
163
Rapid Growth – Accommodations
Portillo's (PTLO) – Watch
$969 million
27.1
Growth – Restaurant
Snowflake (SNOW) – Buy Half
$89.0 billion
290
Rapid Growth – Software
Solo Brands (DTC) – Watch
$780 million
12.3
Rapid Growth – Consumer Products
TaskUs (TASK) – Watch
$2.84 billion
29.2
Rapid Growth – Services
* Watch Addition
Don’t...
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The technology-oriented Nasdaq Composite closed yesterday 10.7% below its all-time closing high, set in November.
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The chances of a recession in the foreseeable future seems exceptionally unlikely. The domestic economy is booming: following last year’s estimated 5.2% growth, the economy is estimated to grow at a 3.3% pace this year. Any further Omicron-related deceleration appears more likely to a..
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As we get towards the end of January, the biggest thing on my mind is the pullback in growth stock. It has been remarkable. According to J.P. Morgan and Bloomberg, the software index is down ~22% from its peak.
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So many SPACs have come public in the last year. But plenty of them are duds. SPAC ETFs are a way to avoid the sector's highs and lows.
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With growth stocks still under pressure and more conservative stocks holding up better, it makes sense this week to lean toward a lower-risk dividend-payer with minimal downside risk.
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Stock Recommendation Tracker
The Stock Recommendation Tracker is a table that features all of the current recommendations in all of our portfolios. It’s a quick way for you to see what stocks are currently in our portfolios and will highlight new additions or any to...
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Stock Recommendation Tracker
The Stock Recommendation Tracker is a table that features all of the current recommendations in all of our portfolios. It’s a quick way for you to see what stocks are currently in our portfolios and will highlight new additions or any to...
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This week’s Friday Update includes our comments on earnings from Wells Fargo & Company (WFC). We had no price target or ratings changes this week, although we are reviewing Wells Fargo shares as they trade above our price target.
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As we continue to balance the pursuit of opportunities with the desire to preserve capital/current gains we’re intently focused on stocks that are breaking down to new lows. Today we’ll take partial profits on another name and step completely away from one stock.
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Both Sprout Social (SPT) and Kornit Digital (KRNT) have made fresh lows today so we’re going to take partial profits by selling one quarter of each position.
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It continues to be a very bumpy ride for small-cap growth stocks, while those names with a slightly more value-oriented profile are providing a somewhat smoother ride. Big picture, there is no doubt the risk-off environment continues. The good news for more aggressive is...
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There is this widely held belief that January is a great month for investors. But I always throw cold water on this claim because the fact is, over the past 25 years, it’s been one of the worst months for stocks.
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Chipmakers are starting to shift away from silicon. With that in mind, here are three alternative semiconductor stocks to consider.
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Why I Love Micro Caps
Over the long term, investing in stocks has been a great decision as equities (no matter the market cap) have outperformed almost every asset class.
Historically, stocks have returned about 10% per year, an excellent result. But what if you to...
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The U.S. stock market rebounded on Tuesday, following testimony from Chair Powell at his Senate confirmation hearing. Investors liked what he said, implying that the three anticipated quarter-point rate increases, which could start in March, would likely be enough to quell inflation (along a..
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