Mad Money Host at CNBC
Member since: Sep '20 · 7155 Opinions
Since mid-May this has formed a golden cross (the 50-day moving average crosses the 200-day) based on a solid uptrend. The MACD momentum line now shows a buy signal. Also, the Chaikin Money Flow (CMF) measures buying and selling pressure, and it's positive (the buyers haven't gone anywhere). Trading volumes remain strong. Prime Day is in full swing now, though Wall Street could be disappointed with sales numbers (he thinks it's too soon to tell). Lang targets $260-270, though he doubts that.
Has been rangebound within $93-100, but is digesting after a big move up after April. The Chaykin Money Flow remains positive. The MACD line made a bullish crossover Lang suggests buying ahead of next month's report. Lang targets $105-110 and he agrees.
Is a successful online retailer, with sales more than doubling between 2019-2021, thanks to Covid, then declined in 2023, but recovered in 2024. Don't count out Apple. Lang says the stock has recently broken out from its recent price range on higher volumes. The stock is below its 200-day moving average, but closing the gap. Lang says that when Apple moves higher, it tends to move higher for a long time, such as late 2024. The MACD line has shot higher to make a bullish crossover. Though the Chakyin Money Flow has gotten weaker, but Lang expects this to turn around slowly. Lang targets $225-250 by year's end. Yes, it's a contrarian view, but he believes in Apple and hold his shares.
A new law means that professional bettors will pay taxes on their winnings (but don't get a full tax deduction on losses). However, this could discourage bettors. However, since mid-June when the legislation was unveiled the shares of DKNG and FLUT have been rallying. Major sports books already discourage bettors who win too often. Also, the books cater to VIPs, those who bet a lot but don't win as much as the big winners. There's a chance this bill may not pass or could be amended. The two stocks hold a duopoly in sports betting, and more states are legalizing sports betting, so he remain bullish in them.
A new law means that professional bettors will pay taxes on their winnings (but don't get a full tax deduction on losses). However, this could discourage bettors. However, since mid-June when the legislation was unveiled the shares of DKNG and FLUT have been rallying. Major sports books already discourage bettors who win too often. Also, the books cater to VIPs, those who bet a lot but don't win as much as the big winners. There's a chance this bill may not pass or could be amended. The two stocks hold a duopoly in sports betting, and more states are legalizing sports betting, so he remain bullish in them.
They're in the dog house because of Trump's tariffs, and they won't get out of it until they make iPhones in the US. Apple can still revive itself by making more and better AI products. This remains an own it, don't trade it stock.