Very impressive especially into the close but this is getting silly not just with Intel. The markets go up each day almost unchecked while the Fed has lost control of the markets and inflation. Party on everybody! It was a nice move for Intel I never saw this coming.
Who me I have been critical of Cramer and RAD's price action. I posted recently that I would wait for $7.10 and under which I got yesterday but without Cramer's rants the shares appear to want to go lower. I am in no way a pumper like the delusional people on most chat boards. I admit when I am wrong and post when I think I was right it's that simple.
I will probably sell what I bought yesterday soon unless it decides to move higher near the close. No Cramer no higher price remember RAD did warn and that is programed in trader's minds along with the HFT software. It is truly amazing how when a stock pulls back off the highs and acts poorly Cramer becomes silent. I fear this may break $7 soon and if it does this time I believe it may go lower than the $6.90's like a few weeks ago. I would guess funds have big profits from under $5 so they may decide to cash in at any profit level if this continues to fall.
The guy is a billionaire man I wish I was as wrong as him...How about you? Do you actually believe the Fed is not creating bubbles in certain assets? The bond market does and they are usually right. Dream on if you think this stock market is where it is based on fundimentals. I trade so I can get in and out quick but this is going to end soon and it won't be pretty. The debt and margin levels around the world are at record levels. Of course Liesman is the guy to listen to he is the smartest guy on the street next to all the other paid pumpers like Bob Pisani.
That's why it's flying. If so he will force them to sell Asia then I think this breaks $35 soon but that's if it is actually true. I guess we will see soon enough.
He is actually one of my heroes on WS. He has been so critical of the Fed's policy in his speech a few minutes ago. He is speaking of financial engineering through buybacks buy issuing debt at these low rates citing IBM. This is what Intel appears to be doing also which should be noted that they too are buying back about $20 billion at more than a decade high in the share price. That makes me wary always that this will not end pretty. If Intel breaks out higher well above $34 I believe it becomes a short soon.
There are 18 new target changes and 11 are near or below the current pre-market price. Take it for what it's worth. I believe many of these firms believe margins may have peaked just my take.
There are 17 so far that I have seen since last night. Not all are upgrades there are 10 that are near or under the current pre-market price. I believe that these firms may believe that margins have peaked. Of course some of them were probably behind the share price recently and some are just probably non-believers. Either way the shares are where they are now and that's what you trade if you trade. If you are an investor from lower prices you have done well along with the dividend. This new CEO has done a much better job the last one. I personally believe the shares are near an inflection point based on the level of their margins.
The short ratio is about 3&1/2% which is very low. Once again I am always wary when a company buys back at multi, multi-year highs and stats show buybacks not as successful as people think over the long term. If their earnings have peaked along with their margins they will be buying back at elevated levels. I believe this will go higher early tomorrow (the AH high I saw was $33.19) then you may see a pullback. I follow INTC mostly because I trade MU almost everyday MU is more volatile. I have not traded INTC for a few months now but I will leave it on my screen tomorrow to see if there is a nice dip to buy. The analyst's calls may tell us where shares go Wednesday.
Maybe he's working on the Lumber Liquidators (LL) story since he was recommending it in November over $110. The video is on line to view. Sadly a lot of stocks move temporarily on his pumps instead of their own performance. I got long RAD today and will look to add if it drops some more but let us not forget he called RAD a growth stock in the mid $8's then they warned. Cramer's specialty is reminding you of the ones he gets right but has amnesia on so many of his picks that have been hit hard.
As stupid as it may seem I noticed that that gas prices dropped overnight more than .20 here where I live in NY. The recent elevated prices may have been killing retail in general lately anyway. Todays retail numbers were a mixed bag the headline missed but the underlying numbers were OK. That's why I say that if the market is looking at the drop in gas prices maybe these stocks start to rebound. Intel put out a good quarter tonight and BBY does sell a lot of products with Intel in it. I just figured that a 10% fall from the $32.50 area was possible. Let's see if there is some follow through or if this bounce was a one day event. One thing for sure they weren't selling it today on every bounce like they were the last week.
even over their prior guidance. However my main concerns are it is trading at more than a decade high same can be said for the margins which may have peaked. They would not really talk about the margins going forward during the CC telling the analysts to do the math for themselves. Another concern is that they are spending a huge amount of money each quarter on buybacks and will continue to do so when the shares are at these elevated levels. I think you may see an initial move higher early tomorrow then you may see some profit-taking soon after. The stock is up a lot in 6 months which needs to be watched. It was a good quarter though despite these possible concerns.