The dismal start to the year for markets seems to be clearing up… at least temporarily. Markets are starting to run extremely hot for the first time this year. There are a bunch of companies posting better than expected earnings and it’s pushing up the value of their stock. SOFI, the San Francisco based FinTech…
Last month President Biden made a jaunt to Saudi Arabia to “kiss the ring” and try to get the black gold flowing once again. We’ve got midterms coming up and it’s not a good look for gas prices to be north of $4 bucks a gallon… Earlier in the year the Saudi’s didn’t “holla back”…
Okay, I’m NOT saying we’re in a recession… Sure, technically we are, but we’re definitely not… So, to any of Biden’s economic aides listening in… I totally agree with all of you… the economy is GREAT. (cue nervous laughter). Please don’t send the FBI to raid my house. *Blink twice if you’re in trouble Steve*…
This almost never happens… Right in the middle of a trading day, Devon Energy comes out with a white hot earnings report. They smashed earnings expectations by a staggering $880 million… They outpaced their earnings per share estimate by 22 cents… They even raised their dividend 22% for a forward yield of 8.08%… Their shareholders…
If you’ve traded for longer than a few weeks, odds are you’ve been “stuck” in a trade. You know the one… you buy the dip, then it dips and dips and dips. All of a sudden, your trade becomes a “long term investment.” Because it’s hard to take a loss, right? And you know what……
