Image Source: Unsplash An Introduction A sharp selloff engulfed the semiconductor sector last week with all 15 stocks in our munKNEE Semiconductor Portfolio going down 10.3%, on average, with its constituents declining anywhere from -7.7% (KLAC) to -13.6% (NVDA). It was all initiated last Friday by Super Micro Computer (SMCI) which stirred unrest when it withheld its customary preliminary earnings data and dropped 22.8% on the day. The munKNEE Semiconductor Index All 30 stocks in the the iShares Semiconductor ETF (SOXX) have been analyzed as to their PEG (current stock price-to-projected 1-year earnings growth) ratios and the consensus ratin...
Image Source: Pexels Stocks have sold off sharply since hitting all-time highs just 3 weeks ago.Bond prices are falling, too.What’s going on here?Is this just a needed pullback to remove excessive froth before the market resumes rising to all-time highs?Or is this a more significant reversal?For a professional’s perspective, we turn to John Llodra and Mike Preston, the lead partners at advisory firm New Harbor Financial.Many of you already know that New Harbor is one of the financial advisory firms endorsed by Thoughtful Money.Video Length: 01:06:58More By This Author:Asset Price Volatility Is Suddenly Higher Than Markets Are Pre...
Image Source: Pixabay Recently, with gold, silver, and gold stocks overbought by almost every technical measurement, almost every gold investor in the West knew there had to be a pause in the action. All that was needed was a catalyst.The April 12 margin hike announcement for Shanghai gold futures contracts was that catalyst. It capped the rally and the big question for investors is… what’s next?For some insight into this key matter… After a “flagpole” move higher on the weekly chart, the formation of a bull flag is a reasonable scenario.Oscillators like RSI and Stochastics are substantially overbought. When a flag pattern form...
Image Source: Pixabay Bond traders were paying close attention to today’s 2Y auction not only because at $69 billion in size, it would once again break the record for the biggest 2Y auction issuance on record, but also because it comes at a time when yields are trading just shy of 2024 highs. The results, which were announced moments ago, however, were solid and helped push yields to session lows, however briefly.Here are the details: the size of today’s 2Y auction was $69 billion, $3 billion more than the March issuance of $66 billion and the biggest on record. So considering that the high yield of 4.898% (which was well above l...
Image Source: Pexels The least magnificent of the “Magnificent Seven” so far this year reports after today’s close. We are of course referring to Tesla (TSLA), which was down over 40% from the end of last year through yesterday. TSLA has perpetually occupied a leading position in investors’ mindsets. It is continually among the most active stocks and options amidst our customers’ activity and in the market overall. Much of that has to do with the company’s lightning rod founder and leader, Elon Musk. Love him or hate him – and there are many with fervent views on either side of that divide – he is impossible to ignore. That ...
Image Source: Pixabay Alphabet, the parent company of Google, is frequently spotlighted for its substantial investments in artificial intelligence (AI), yet many overlook its core business—advertising. In the fourth quarter, advertising revenues accounted for a whopping 76% of Alphabet’s total revenue, underscoring its dominant role in the business. There was an 11% increase in ad revenue during this period, marking a significant acceleration from previous quarters, where growth was 9% and 3%, respectively. This uptick is a positive sign that the ad market is rebounding from last year’s downturn. For investors, this could be an opport...
Image Source: Unsplash Roku Inc (Nasdaq: ROKU) has lost some 40% in less than three months but a Wedbush Securities analyst is convinced the story moving forward will be a different one. Roku stock could gain 30% from here Michael Pachter continues to rate the streaming and media company at “outperform” and sees upside in its shares to $80 which suggests a more than 30% upside from here. The analyst is bullish on Roku stock because it has “found religion in generating and expanding [free cash flow]”. He’s convinced that the Nasdaq-listed firm will “not revert to excessive spending for long-term growth”. The bullish call ...
Image Source: Unsplash Tesla (TSLA) is expected to report results on its fiscal first quarter on Tuesday, April 23, with a conference call scheduled for 5:30 pm EDT. What to watch for: MOMENT OF TRUTH HAS ARRIVED: Wedbush says “the moment of truth has now arrived” for Elon Musk and Tesla with this earnings call being “one of the most important moments in the company’s history.” For the first time, “many long time Tesla believers are giving up on the story and throwing in the white towel,” the firm tells investors in a research note. Wedbush says the miscalculation of demand erosion in China has ...
Image Source: Unsplash An Introduction This article highlights the 10 clinical-stage AI-powered (designated with *) and psychedelic compound-based (designated with **) small cap ($400M to $2.0B) drug discovery companies in the munKNEE Clinical-Stage BioTech Drug Stocks Portfolio, their stock performances last week and so far in April (MTD), and their areas of focus. **GH Research (GHRS): DOWN 1.4% last week; UP 3.5% MTD. focuses on the use of mebufotenin, the new International non-proprietary name for 5-MeO-DMT, which stands for 5-MethOxy-N,N-DiMeThyltryptamine. Go here for much more extensive information on DMT. **Compass Pathways...
Image Source: Pixabay Bitcoin (BTC) witnessed a modest decrease over the past week, closing at approximately $65,000, down 1.1% from $65,650 the previous week.The cryptocurrency experienced a significant dip mid-week, dropping below $60,000, but recovered strongly in the latter half, settling close to its opening value. Challenges in the ETF market This period also saw stagnant demand for Bitcoin Exchange-Traded Funds (ETFs), marking the continuation of a recent trend with net outflows totaling about $205 million for the week.This represents the first instance of consecutive weekly outflows since the inception of BTC ETFs, although the cu...