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COMMENT
Natural gas in this market If the price of natural gas stabilizes or decreases, then FAANG stocks will stop falling and maybe bond yields will come down. This happened 4:30-10:30 am EST today. Nat gas has been rallying in the US for no reason--the US has so much of it. So how and why did it fall yesterday? One reason is that there aren't enough pipelines to move it, so some of it is left in the ground. Some even burn excess supply instead of find storage space.
COMMENT
It delivered okay numbers last night: better sales and earnings than expected, but it saw softer demand in PCs. Its current quarter forecast disappoints the street due to customers facing shortages of other parts. Gross margin guidance didn't indicate much erosion. Shares tumbled after the report but partially recovered after the CEO addressed shareholders.
computer software
processing
BUY
It's a genetic testing company with subscription services to let you know how your genes could effect your health. They went public last June, but has fallen since from $11 to $8. He doesn't understand why. Gene sequencing is the future of medicine and this company holds a treasure trove of data (kept private) that could be applied in medicine.
Healthcare
BUY ON WEAKNESS
This fintech is the king of buy now, pay later. Three weeks ago, they announced a big partnership with Amazon and a good quarter. Share doubled. Last week, Walmart partnered with AFRM to replace its layaway system. But stocks are crushing growth names these names, including this. This is a high-quality stock that rarely pulls back. Last night, they announced new features and products and bullish guidance.
Technology
BUY
It got downgraded today by Oppenheimer. He disagrees. A boring stock can be a good stock, like MS. MS is consistently boring. The current CEO has turned this around; MS used to be a rollercoaster, rooted in bad mortgages from the Great Recession and paying a big fine for that. They bought Eaton Vance and Etrade to boost its wealth management business--smart.
investment companies
funds
