A half gallon of my favorite ice cream now costs $6.29. Fortunately for me, the day I went to the store it was a "two for one" sale, so I saved $6.29. But yeah, food inflation is nothing new, this has been the case for several years. On a related note, since everyone (in the media, the Fed, others) seem to think this global weakness is transitory, I think we're headed for a protracted bear market.
The reason why everyone is on edge regarding whether or not the Fed will raise rates in September is obvious.....It's because the Fed has NO IDEA whether or not they will raise rates in September.....that decision has not been made yet, and the markets hate uncertainty!
According to the ER release on my brokerage report, it looks like they guided their revenue way down from the analyst's expectations. I'm going to wait to see if it dips in the am and then buy, but it's a concern.
Technology is correcting, materials and energy are horrible, as is consumer discretionary for now. Health care is always a great option, and people have to take their meds to survive. In addition, I personally believe that Lannett would be a great candidate for a bigger player's acquisition strategy. I went long today for the first time in years, after the earnings beat. The growth story is still in play for many reasons.
Honestly, I think Cramer violates many SEC rules by interviewing CEOs on his show daily, and asking them how their business is going, among other things. But this Cook e-mail to Cramer is just a pumping effort from a CEO to a clown.
LOL, it makes absolutely no sense that the CEO would e-mail Jim Cramer to tell him this. Why didn't he report this news on Reuters, or another financial media outlet? Better yet, why waste your time e-mailing the resident clown on CNBC in the first place?
You have a brokerage account, right? On the securites you track, there's a news marker, whenever there's news about that stock, or others. Everyone looks at their brokerage accounts; not everyone watches clowns on TV, esp. not during the work day.
How about a standard news feed on all the media outlets, that would appear on everyone's brokerage website? You know, like Reuters and other media outlets.....geessh.
Are you kidding me? The CEO of the largest public company e-mails an entertainment clown on CNBC? If he wanted to tell the market things were ok in China, why the hell didn't he announce it to the market? Can you see the CEO's of Exxon, Caterpillar, Intel, and others sending this clown an e-mail? What is the market coming to, this is such a farce! And I'm long Apple, I just think CEO's have more important things to do than e-mail a TV clown.
And took a stop loss at about $28.50 today. The sentiment is way too bearish right now for oil. At some point, maybe in 6 months or less, the market will start accumulating oil names again. In the meantime I'm sure there's a trade here and there, but it's not worth it.
I'm not saying it can't go lower, or that it will go higher. This company has solid assets, and it's not the only oil company taking a beating. I'm betting on a bounce in the near term for all the oil companies, beginning on Monday. I think NFX can return to about $34 or so, within a week.
I went long SEDG about a minute before the bell.....and then it dipped to the $28's-$29's, and I sat there like a deer in headlights.....Why didn't I add on that dip? Oh well, according to the chart it may be headed to at least $35-$37 in a couple of weeks, so maybe I'll get another opportunity.....What a great report!
So some idiot gets on CNBC and tells everyone that Intrexon will be the biotech equivalent of Apple? And then the stock is bid up by drunken sailors? This company has no earnings, and is years away from any substantive earnings power. The last few days trading of this stock are a microcosm for what's wrong with this market. Bet with your head, not because some moron on TV tells you to buy a stock! The margin calls are just beginning....Could the class action suits be far behind?
I think it's appropriate to link any market to reality, instead of feeding off of fake money orchestrated by the central banks. The US markets should have corrected at least 15% months or years ago, but it hasn't. The Chinese news is horrible, oil is still getting crushed, and yet the markets are up big today....It makes absolutely no sense.
If it retests $110 again for the third time and fails, I think it will test $100, according to the chart. This may take a couple of weeks.