Yesterday morning, retail stocks were hit hard – a result of the China tariffs. And Shah Gilani says that this bashing isn’t over yet; in fact, it could get uglier. But this isn’t necessarily bad news. Right now, think of these retail stocks as being “on sale,” and should be considered some great buying opportunities… Click here to watch.
Archive for May, 2019
Everyone’s talking about how the U.S. trade tiff with China looks like it’s turning into a trade war.
Frighteningly, hardly anyone’s talking about the real war between fundamentally different frenemies.
Today, we’ll cover how the trade war is manifesting itself throughout U.S./Sino relations.
It’s probably time to buy The Boeing Co. (NYSE:BA).
Not that the company won’t still face lawsuits and regulatory smackdowns, but what happened at a House of Representatives hearing on Wednesday now looks like a buy signal.
For years, Shah Gilani has been the perma-bull, the raging bull, and even the reluctant bull. But now, recent market volatility has Shah Gilani feeling like this could be the beginning of the end for the bull market. And until there is any resolution with the China trade situation, you could say this market’s not in Kansas anymore… Click here to watch.
It’s all good, until it isn’t.
After stocks rose on the heels of their frightening October to late December selloff, like an ancient deity rising from the dead, with the S&P 500 and Nasdaq Composite only five months later making new all-time highs, analysts were talking about the goldilocks economy and the goldilocks market for stocks.
All of a sudden, everything’s changing.
The goldilocks economy is about to be sorely tested with the trade war between the U.S. and China going to DEFCON 3. And the goldilocks market is being threatened by three stocks in bear market mode.
You know what a protracted trade war could do to the economy.
Because stupidity doesn’t deserve a lot of space to be discussed, I’ll keep this really brief.
Uber is stupid for waiting so long to go public.
Not only will their IPO bomb, if not on the first day (though that’s my bet), then shortly thereafter. But by going public now with their debut and reputation about to be tattered, they’re going to disenfranchise their drivers who will collectively further distance the company from maybe ever making a profit.
Forrest Gump reminded us, “Stupid is as stupid does.”
Newly-public Lyft Inc. (NasdaqGS:LYFT) released earnings yesterday with a loss of $1 billion. This morning on Varney & Co., when posed the question of whether he’d buy Lyft at $58 with this loss, Shah Gilani gave a firm “No.” The problems with Lyft go past the surface, so investors may want to steer clear… Click here to watch.
The once high-flying Boeing Co. (NYSE:BA) stock and the company’s 737 Max 8 planes have both been grounded.
While the FAA (Federal Aviation Administration) re-certifying the 737 Max to fly again is more a question of when, not if (at least Boeing and its investors hope), the flight of Boeing’s stock is less certain.
Will planes and the stock take off again, or might a long grounding of the company’s mainstay earnings generator flatline the stock or even knock it back to earth?
The two are inextricably intertwined.
Now that you know what “fed funds” are, and how the Federal Reserve manages the fed funds rate, it’s time to understand what’s happening with fed funds lately and how it could choke the stock market.
Today, we’re going to talk about what the real pros are watching (and what you should be watching, too), big deficits, and bond vigilantes.
The Dow is quickly closing in on its record high of 26,743.50, which we saw mid-September of 2018. This morning, it broke out at 26,639.10 – 46 points higher than yesterday’s close. Even the Nasdaq Composite, which includes tech titan Apple Inc. (NasdaqGS:AAPL), opened nearly a full half-percentage point higher, undoubtedly due to AAPL punching through $212, leading its market cap back to $1 trillion-status… Click here to watch.