Friday’s Action, Thanksgiving, and Upstart
On Friday, November 22nd "I wrote a November 29th, $78 covered call on Upstart on shares that I own and took in $1.80 on. If you're not experienced in this area, you should not consider doing this."
On Friday, November 22nd "I wrote a November 29th, $78 covered call on Upstart on shares that I own and took in $1.80 on. If you're not experienced in this area, you should not consider doing this."
The current bull market remains intact. But there could be potholes in the future. The Dow Jones Industrial Average, S&P 500, NASDAQ, and Russell 2000 all posted gains, with the Russell 2000 leading the way, recording the largest percentage gain of the day.
The spotlight this week is firmly on Nvidia's earnings. I expect the company to surpass expectations in both sequential revenue and earnings.
All markets took the proverbial beating last week! What's worse is I don’t believe it is over yet. Volume picked up on all exchanges last week.
Today, the markets showed exceptional strength, with a broad-based rally across multiple sectors and robust trading volumes. It’s encouraging to see such widespread participation, indicating strong investor confidence.
Encompass Health (EHC) presents a compelling buy opportunity due to its strong financial performance, positive earnings guidance, and robust market position.
I am selling the stock Affirm (AFRM). I had concerns going into the earnings report when volume spiked negatively, with the stock trading at over twice its average daily volume and declining ahead of earnings.
This is a cautious sell recommendation. I’m concerned about the recent rise in long-term rates, particularly in the 10-year Treasury note, which directly affects 30-year mortgage rates.
Yesterday's rally was part of a relief rally, driven by easing uncertainty, and part Trump rally. Call it what you will, but it was a thunderous move across all exchanges.
Palantir delivered strong earnings, and the aftermarket trading we’re seeing is likely driven by two factors: momentum players and a short squeeze.