Tag Archives for " Nasdaq "

Still Hoping for a Miracle

hoping for a miracle

In the stock market or futures market or any trading/investing environment, if you find yourself hoping for a miracle then you know you are in trouble. Remember,

 

“hope is not a strategy”

 

Where the Money Goes

Rule 6, from the “Tao of Poker” by Larry W. Phillips, It’s important that a player starts seeing “staying too long on marginal hands” as where the money goes. Continue reading

Under Armour…we’re not there yet

Under Armour

This week was a big down week for Under Armour (UAA) dropping $8.43 (29%) to close at $20.70.  On January 31st, UAA reported disappointing earnings and forward guidance did not help.

By the way UAA is the ticker symbol for the Class A stock and replaced the original common ticker. UA is for the Class C stock.

Back on June 1, 2016 I posted a video in which I analyzed UAA’s stock.  In this video I talked about how I believed that UAA had undergone an extended wave 5 in its push to the top in September 2015, and would now have a significant correction.  Here is the weekly chart from that video. Continue reading

Semiconductor Stocks getting hit, but so are lots of Tech Stocks

semiconductor stocks

This week the semiconductor stocks got hit very hard on Thursday. The supposed catalyst was indications that Apple was cutting back on iPhone 7 production.  But many tech stocks are also getting hit.

Some say it is a rotation into sectors like finance, infrastructure and energy. But some of this is also related to global commerce and sourcing. Fears of a trade war with China are not helping stocks like Apple. Continue reading

Will This Change Help the Financials?

Today the focus is on State Street Global Advisors (SSGA)’ Financial Select Sector SPDR Fund (XLF). This ETF is usually either the number 2 or number 3 most actively traded non-index ETF.  3 month average daily volume of a little over 40 million shares.

Sector Changes

In June S&P Dow Jones Indices and MSCI, Inc. announced they were modifying the S&P sectors to remove real estate from the financials (except mortgage REITS) and create a new S&P real estate sector.

So in order to continue accurately tracking the sectors, SSGA announced they were removing real estate holdings from the XLF and creating a new ETF called the The Real Estate Select Sector SPDR Fund (XLRE).

Special Dividend

Removing real estate from the Financials will take place after the close on September 16.  XLF will issue a special dividend to its shareholders as part of this adjustment. Ex-dividend date is September 19.  The dividend will be in the form of shares of the new XLRE fund.

So going forward starting September 17, XLF will include securities of diversified financial services, insurance, banks, capital markets, consumer finance, thrifts and mortgage finance, and mortgage real estate investment trusts (REITs).

The chart of XLF is discussed in the brief market wrap video shown below. The three largest holdings in XLF are Berkshire Hathaway Inc. Class B, at 9.18%, JP Morgan Chase & Co. at 8.01% and Wells Fargo & Company at 7.59%.   Continue reading

5 Takeaways from the Market Last Week

5 takeaways at all-time highsHere are 5 takeaways from the market last week:

  1. Earnings from marque tech players did well overall
  2. Oil continues slide
  3. No interest rate hike in sight as Fed sits on its hands
  4. Consolidation continues as market slides sideways
  5. Effect on the Election

Earnings

Apple (AAPL), Facebook(FB), Alphabet (GOOGL) and Amazon (AMZN) all did well and all of them had their stocks up for the week. The winner of the four was Apple.

Apple was up 5.6% for the week followed by Alphabet +4.4%, Facebook +2.4% and Amazon +1.9%.

Apple beat expectations and CEO Tim Cook says their services sector “will be the size of a Fortune 100 company next year”. Continue reading

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