HEDGE FUNDS PILE INTO TECH SHORTS – JUST AS NASDAQ HITS ALL TIME HIGH — SOURCE: 08-29-18 – “Hedge Funds Pile Into Tech Shorts Just As Nasdaq Hits All Time High” — One week ago we reported that even as the market hit fresh all time highs, the hedge fund community has had a(nother) terrible […]
SII FANG & NOSH
THE DIVERGENCE OF THE S&P 500 & VIX HISTORICALLY HAS SPELLED MAJOR TROUBLE
THE DIVERGENCE OF THE S&P 500 & VIX HISTORICALLY HAS SPELLED MAJOR TROUBLE IStockphoto — SOURCE: 08-29-18 MarketWatch – “Why a trend divergence in the S&P 500 and the VIX may spell trouble for stocks” — The fear index is not behaving as it should. The S&P 500 and the Cboe volatility index — the […]
WHY ONE ANALYST THINKS IT’S TIME TO SELL THE FAANGS
WHY ONE ANALYST THINKS IT’S TIME TO SELL THE FAANGS — SOURCE: 07-20-18 – “Why One Analyst Thinks It’s Time To Sell The FAANGs” — While the FAANG stocks remain a favorite group for both institutional and retail investors, having been responsible for all the market gains in the first half of 2018, a new […]
BoAML: EXCLUDING FAANG STOCKS THE S&P 500 WOULD BE NEGATIVE
BoAML: EXCLUDING FAANG STOCKS THE S&P 500 WOULD BE NEGATIVE — SOURCE: 07-16-18 “BofA: Excluding FAANG Stocks, The S&P Would Be Negative” — Two weeks ago, Goldman made a surprising finding: as of July 1, just one stock alone was responsible for more than a third of the market’s YTD performance: Amazon, whose 45% YTD […]
FAANG BUBBLE STATISTICS
FAANG BUBBLE STATISTICS — SOURCE: 06-08-18 EconMatters – “FAANG Bubble Statistics” — Everyone has piled into the same trade for long enough that we have an acronym for this herd mentality in FANG, then expanded to FAANG, and other derivatives to include hot stocks like Microsoft and Nvidia. The lack of imagination on behalf of […]
NETFLIX DOMINATING FAANGS & NOSH YTD
NETFLIX DOMINATING FAANGS & NOSH YTD
AMAZON: NOW TRADING AT 146X FREE CASH FLOW AS CASH FLOWS PLUNGE 41%
AMAZON: NOW TRADING AT 146X FREE CASH FLOW AS CASH FLOWS PLUNGE 41% — SOURCE: 04-27-18 ContraCorner – “Jumping The Great White Shark Of Bubble Finance” Last night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded by a $50 billion surge in market […]
A CAUTIONARY NOTE ON OVERVALUED AMAZON
A CAUTIONARY NOTE ON OVERVALUED AMAZON — SOURCE: 03-30-18 SeekingAlpha – David Butler – “A Cautionary Tale On Overvalued Stocks Part 1: Amazon” — Summary Amazon, while extremely successful, is vulnerable due to its reliance on tax avoidance and pricing leverage (sometimes involving losses) to steal market share from competitors. If a single piece of […]
TRUMP ATTACKS AMAZON – SHIFTS TO “POSTAL SCAM” FROM “FAILURE TO COLLECT SALES TAX”
TRUMP ATTACKS AMAZON – SHIFTS TO “POSTAL SCAM” FROM “FAILURE TO COLLECT SALES TAX” — SOURCE: 03-31-18 Bloomberg – “Trump renews attack on Amazon, calling its shipping deal with Postal Service a ‘scam’ that must end” — Employees organize outbound packages at Amazon’s San Bernardino fulfillment center in 2013. (Ross D. Franklin / Associated Press) […]
SII: FANG & NOSH – TECHNOLOGY THE TOP SIX GLOBAL MARKET CAP COMPANIES (FOR FIRST TIME)
SII: FANG & NOSH – TECHNOLOGY THE TOP SIX GLOBAL MARKET CAP COMPANIES (FOR FIRST TIME) Technology mega-caps occupy all top six spots in the ranks of the world’s largest companies by market capitalization for the first time ever. Up 39% this year, the $1 trillion those firms added in value equals the combined worth of […]