Afternoon Note
I'm calling Pet Med (PETS) the stock of the day.
There is a 53% short position in PETS. The share price is soaring, up 28%, which is crushing the shorts, because Wall Street promised a disaster.
Energy is the best performing sector led by Haliburton (HAL), which posted revenue of $5.55 billion against consensus of $5.82 billion, while earnings of $0.34 was in-line with consensus.
I’m surprised Goldman Sachs (GS) is popping so much today after another insider trading arrest. Financials act pretty good, while Technology is finding buyers ahead of big earnings reports and momentum names in Communication Services are now seen as bargains versus old school names in the sector.
S&P 500 Index |
+0.53% |
|
Communication Services (XLC) |
+0.78% |
|
Consumer Discretionary (XLY) |
+0.34% |
|
Consumer Staples (XLP) |
-0.08% |
|
Energy (XLE) |
+1.70% |
|
Financials (XLF) |
+1.16% |
|
Health Care (XLV) |
-0.29% |
|
Industrials (XLI) |
+0.69% |
|
Materials (XLB) |
+0.05% |
|
Real Estate (XLRE) |
0.00% |
|
Technology (XLK) |
+0.91% |
|
Utilities (XLU) |
-0.24% |
Comments |
The Wall Street boys are mostly demos and they want the economy to look bad before the elections and do all in their power to make it happen. Some how they don't realize that they are just shooting themselves in the foot! William S. Brown on 10/21/2019 2:09:26 PM |
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3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
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