Afternoon Note
If the bloom is off the rose of the Mag Seven, it began with Tesla (TSLA), which has seen its shares take a drubbing centered in poor execution.
The stock has been waylaid after posting results in the last four quarters.
Management missed the street in back-to-back quarters and earnings consensus has been in freefall.
The stock is higher today, but Elon Musk is really going to have to lay it on thick on the call.
Meanwhile, the NASDAQ 100 is looking oversold – at least on a short-term basis.
We are loving the action right now, but it still feels tepid at best.
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5/21/2024 9:41 AM | FED-SPEAK IS THE MISSION |
5/20/2024 1:14 PM | Precious Metal Surge |
5/20/2024 9:49 AM | Different Kind of Animal Energy |
5/17/2024 1:45 PM | Near Record Highs |
5/17/2024 9:31 AM | DIFFERENT VALUATION METRICS |
5/16/2024 1:23 PM | Dow 40,000 |
5/16/2024 9:40 AM | AUTOPILOT FEELS SO GOOD |
5/15/2024 1:53 PM | New Hope |
5/15/2024 9:41 AM | CHAMPING AT THE BIT (INVESTORS BEGINNING TO CHASE) |
5/14/2024 1:24 PM | Small Moves |
5/14/2024 9:22 AM | Marking Time |
5/13/2024 1:37 PM | Snuffed Out |
5/13/2024 9:37 AM | BRACING FOR MORE INFLATION DATA |
5/10/2024 1:23 PM | Cold Water |
5/10/2024 9:58 AM | IN TUNE |
5/9/2024 1:09 PM | Disconnect |
5/9/2024 9:39 AM | THE SEVENTH (TRADING) DAY OF MAY |
5/8/2024 1:49 PM | Mixed Note |
5/8/2024 9:37 AM | CHANGING NARRATIVES |
5/7/2024 1:50 PM | Building Gains |
5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
5/6/2024 1:59 PM | Rate Cut Hopes |
5/6/2024 9:17 AM | LOOKING FOR MOMO TO KICK BACK IN |
5/3/2024 1:41 PM | Cheering the News |
5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
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