Louis' Blog Archive
May 21, 2022
It’s been a brutal year for tech stocks. The stocks that led the market higher the last few years have been absolutely crushed. The tech-heavy NASDAQ got off to a rough start in 2022. By the end of January, the index fell more than 10% from its highs. The weakness continued through February, and by […]
May 20, 2022
The Commerce Department threw investors for a loop after it forecast GDP growth to shrink 1.4% in the first quarter. Frankly, I was shocked! Commerce cited inflation, trade imbalances and supply chain disruptions as the catalysts behind negative GDP growth. The supply chain disruption from China’s COVID-19 lockdowns, they say, could trigger a recession here […]
May 19, 2022
Wall Street and many investors are in panic mode. The NASDAQ is officially in a bear market (down 20% from its peak) and the S&P 500 is dangerously close to bear territory, too. But I’m not worried. I have earnings working in my favor. Longtime followers know that earnings season is always my favorite time […]
May 18, 2022
We’ve been talking about it a lot recently: Inflation is a problem for every American right now. From groceries to gasoline to health care, Americans are facing rapid price increases the likes of which haven’t been seen in 40 years. It wasn’t until the April Consumer Price Index (CPI) and Producer Price Index (PPI) reports […]
May 17, 2022
The stock market posted a stunning reversal on Friday, boosting the S&P 500, Dow and NASDAQ up 2.4%, 1.5% and 3.8%, respectively. What’s interesting is that a rebound of this magnitude is unusual for a Friday. Plus, there was a lot of uncertainty heading into the weekend given the war between Russia and Ukraine. So, […]
May 16, 2022
During these busy times, it pays to stay on top of the latest profit opportunities. And today’s blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for 84 big blue chips. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.
May 14, 2022
We’re now about 87% through earnings season now, and so far, so good. According to FactSet, 79% of the S&P 500 companies that have reported their latest results topped earnings estimates and 74% of S&P 500 companies have announced revenue surprises. As I’ve discussed throughout this earnings season, earnings are working. By this I mean […]
May 13, 2022
This week the market took us on quite the roller coaster ride. The sharp ups and downs were enough to make even a seasoned investor’s stomach turn.
May 12, 2022
As I anticipated, yesterday’s inflation numbers confirm that inflation is starting to cool off. On Wednesday, it was reported that the Consumer Price Index (CPI) for April rose 8.3% year-over-year. While this is higher than estimated – economists were calling for consumer inflation to come in at 8.1% – it is still lower than March’s […]
May 10, 2022
We’re only two trading days into the week and the wild stock market gyrations already have investors’ heads spinning. The Dow, S&P 500 and NASDAQ fell 2%, 3.2% and 4.3%, respectively, on Monday. The reality is that in addition to anxieties over the surge in the 10-year Treasury yield, there was also a mechanical breakdown in the market due some ETFs.