Author: pluginever

The stock market overreacted to strong retail sales data. Unnecessarily so. I believe that the Fed won't start cutting rates until there's a significant drop in stocks, regardless of the economic data coming in. The good news is that the current downturn is not the beginning of a major collapse. The economy is strong, and…

Honestly Intel's profits are so low, they are literally trading at a 89P/E and that's after the government helped them so much through the CHIPS act… Meanwhile TSMC manufactures all the cutting edge chips – be it Nvidia's GPUs, or even Apple's M1/M2, and still trades at an incredible P/E 11.9. Apart from invasion risks…

Goldman Sachs reported first-quarter earnings before the opening bell Monday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings: $11.58 per share, vs. expected $8.56 Revenue: $14.21 billion, vs. expected $12.92 billion Goldman Sachs CEO David Solomon has taken his lumps in the past year, but hope…

Bank of Japan has been saying they are keeping an eye on the Yen. And the yen keeps getting weaker, currently at 154 to the Dollar and going higher by the day. Bank of Japan is the single biggest holder of US treasuries. About a Trillion+ Dollars worth. If they want to save the Yen…

(Reuters) – Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack, two industry sources briefed on the matter told Reuters. The win represents a shot in the arm for Lockheed after the U.S. said it would…

Salesforce shares closed down 7% on Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica. Shares of Informatica, which has a market cap of around $10 billion, closed down 6% following the reports. The price being weighed is below Informatica’s closing stock price on…

Tesla shares were down over 1% in premarket trade Monday on media reports that the automaker will lay off more than 10% of its global workforce. The company’s stock was down 1.20% in premarket deals at roughly 7:30 a.m. ET. “As we prepare the company for our next phase of growth, it is extremely important…

Shares of Trump Media plunged more than 17% in the pre-trading hours Monday after the company filed to issue millions of additional shares of stock. The company behind the Truth Social app, which trades under the stock ticker DJT on the Nasdaq, fell nearly 20% last week. Source: https://www.cnbc.com/2024/04/15/trump-media-shares-plunge-after-company-files-to-issue-additional-djt-stock.html

Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and clean energy company. CEO Elon Musk thanked both departing execs on X, the social network he owns and runs as chief technology officer. The news comes after Tesla said it is laying off more than 10% of its…

These daily discussions run from Monday to Friday including during our themed posts. Some helpful links: Finviz for charts, fundamentals, and aggregated news on individual stocks Bloomberg market news StreetInsider news: Market Check – Possibly why the market is doing what it's doing including sudden spikes/dips Reuters aggregated – Global news If you have a…