The Blind Golfer

Melvin was 72 years old, blind in one eye and could smack the crap out of a golf ball. Probably 270-280 yards off the tee… It was maybe 4 years ago that my buddy Pete and I got paired up with Melvin and his friend, who’s name escapes me, for a round of golf at […]

CPI: To Core, or Not To Core

Despite all the recent commentary from the various Fed governors that they stand ready to do more to combat inflation, this morning’s CPI number confirms what the market already knows: the Fed is done hiking interest rates.  The CPI rose at a 3.2% annualized rate in October. And remember, that inflation number comes right on […]

King Henry Stocks

The Tennessee Titans didn’t know what to do with Derrick Henry.  He won pretty much every award there was to win as a running back for the Alabama Crimson Tide. Heisman, National Championship… Drafted by the Titans in 2016, he left college football as Alabama’s all time rushing leader.  You’d think his resume would make […]

Dead Cat Bounce

Last week sure was fun. The S&P 500 gapped higher for last Monday’s opening bell and never looked back. By the time the closing bell sounded on Friday afternoon, the S&P 500 had surged nearly 6%.  Amazingly enough, the Fed was actually a bullish catalyst. Whereas at the previous FOMC meeting September 19-20, the Fed’s […]

Did You See These Earnings??

A couple of our stocks, from the Pro Trader Today portfolio, had a pretty good day yesterday… AI drug development company Schrodinger (NASDAQ: SDGR) ramped 20% after reporting third quarter earnings. That’s a huge move for sure, but nothing compared to the 40% moonshot that Lemonade (NASDAQ: LMND) made. Now, both stocks have been hit […]

Let's Talk Chip Stocks

I call them “Diamond Chips.” Because they are made from the same super-hard material that can be used to make artificial diamonds – silicon carbide, or SiC.  You’ll see semiconductors made from silicon carbide get referred to as SiC chips. SiC chips are extremely hard and heat resistant – they work just fine at temperatures […]

How's Business in Texas?

Well. That beatdown last week sucked. When the S&P 500 opened below its 200-day Moving Average (MA) last Wednesday, the selling kicked into overdrive. Now, we’ve talked plenty about the trading machines – the computer-based trading algorithms that dominate the daily trading action for the stock market. Better than 70% of all stock trading on […]

Defense Stocks Update

Back on July 17, we talked about defense stocks. I told you:  I check in on defense stocks every once in a while, cuz I keep thinking at some point, the macro environment will look favorable for them and they will start moving… They never do. Sorry to disappoint, but I think there’s better places […]

Another Mega-Oil Deal

That’s two mega oil deals in a span of about three weeks.  On October 11, Exxon-Mobil (NYSE: XOM) announced it would acquire Pioneer Natural Resources (NYSE: PXD) for $60 billion. Pioneer has the rights to 850,000 acres in the Permian Basin. Add that to 570,000 acres in the Permian Basin Exxon already has, and Exxon […]

They Ruined Reese's

So I bought a sack of Halloween candy last weekend, cuz, you know, Halloween is right around the corner, I can’t Trick or Treat anymore (creepy dude!) and I like to get an early start on eating Halloween candy anyway…  It was a Hershey assortment – Payday, Hershey with almonds, Mr. Goodbar, Reese cups, and […]

The Lithium Problem

Things just got ugly for lithium stocks. Bank of America (NYSE: BAC) just downgraded the entire sector due to a potential lithium oversupply expected to hit in 2024.  Sociedad Química y Minera de Chile (NYSE: SQM) and Albemarle (NYSE: ALB) are the biggest lithium miners and processors on the New York Stock Exchange. SQM is […]

EVs and Interest Rates

I’ve got as few things on my mind today, so I’m going with the tried and true digest format… *****Critical Mass for EVs  On September 11, I told you that global electric vehicle (EV) sales are hitting critical mass right now. Here’s the chart I shared, showing EV sales for the second quarter… Between April […]