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We are very much in the off season for earnings, but there are three decently sized stocks announcing their quarterly reports after today’s close. I don’t have positions in any of these, although they’re all interesting charts:
Well, they are seriously starting to scrape the bottom of the barrel. There’s a company called Momentus (MNTS) which is somehow related to space exploration, which instantly makes it relevant in these days of SpaceX fever. Until recent, the stock had lost – – and I’m not making this up – – had lost all but 1/100,000th of its value. Yes, if you invested $100,000 in this thing at its peak, you would have wound up with a dollar.
May I point out that the largest company on the planet, and the biggest component of the semiconductor index, Nvidia, absolutely sucks right now? It has been persistently falling for almost two weeks (in spite of BLOWAWAY earnings) and has breached its breakout.
Before beginning this article, it is time to introduce a short note to precede my posts:
Never will you read one word of my material that has been edited or altered, let alone written by, AI. It is unfortunate that this even needs to be stated, but it’s out there, folks. Content written by machines. Outside of ‘quant’, you cannot automate real market analysis.
Gold’s utility includes…
