GameStop shares traded nearly 100% higher in pre-market trading before Monday’s official 9:30 ET opening. The reason is a Tweet and Reddit post from Roaring Kitty. On Twitter, he shared the picture below of an Uno playing card. Further, on Reddit, Roaring Kitty posted for the first time in three years. It sounds unbelievable because […]
In mid-March, we presented daily Commentary readers with a section entitled, Add Cocoa To The List Of “Mooning” Assets. When we wrote the article, the price of cocoa was up by 70% for the year, in line with year-to-date gains in bitcoin and Nvidia. Since then, cocoa prices have fallen by over 40% but have […]
We haven’t written lately on Cathie Wood and her ARKK Innovation ETF. But given the popularity of her funds, their horrendous results over the last three years, and Wood’s preposterous claims, let’s knock on Cathie Wood and ARKK. Wood started the ARKK fund and others in 2014. The flagship fund, ARKK Innovation Fund, seeks long-term […]
The graph on the left below, courtesy of Arbor Data Science, shows that $8 billion of funds flowed into U.S. large-cap ETFs, leaving every other broad ETF sector in the dust. Not surprisingly, U.S. large-cap stocks, consisting of the S&P 500 and, importantly, Nvidia, outperformed the market. The other ETF factors, such as small and […]
Nvidia shares have risen by 600% in the last two years. While some say its shares are now grossly overpriced, its earnings and sales growth argue otherwise. Nvidia’s surging stock prices typify what is happening with many stocks related to the AI boom. While technology sector stocks appear to benefit most from AI, other sectors […]
Thursday’s Commentary led with a discussion of how sales at major retailers were slowing appreciably. The takeaway from the piece is that personal consumption, accounting for two-thirds of GDP, is slowing. A reader emailed us, “Not so fast with your judgment. “You may be right, but you should also look at spending on food for […]
With the stock price of Nvidia (NVDA) now trading at over $1,000 per share, Nvidia stock has been up 270,000% since it went public. If you bought 1000 shares of Nvidia at its IPO in 1999 for a mere $376 and held them until today, congratulations—you are now a millionaire. We present a few numbers […]
One repeated theme in the current round of earnings is that personal consumption is slowing down. Last month, McDonald’s, Starbucks, and many other retail-oriented stocks fell on weak sales. This week, we are reminded again via poor sales from Target, Lowes, and Macy’s. All three reported a decline in sales compared to last year. Target’s […]
“Recently, we have had confusing divergences in the major stock market indexes,” starts a reader’s question. He goes on to ask why there are days like Monday when one index is down by a decent amount and another posts moderate gains. On Monday, for instance, the Dow Jones Industrial Average fell by 0.50%, The Nasdaq […]