As Tesla has gone flying, for the first time, over $500 per share (a gain of 190% in just six months)………….making this niche electric car maker the second-most valuable auto company on Earth…………
Flying Cars
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Semi-Tough
Home, sweet home! Back where I belong! So here’s a post about a sector I’m finding rather interesting these days: semiconductors. Below is a chart of the semiconductor index, symbol $SOX, and what I suggest is a looming bout of weakness. Below this index I’ve provided four individual semi stocks that I think warrant close observation. My only position now is a whole ton of February SMH put options.
A is for Auto
I was definitely in “Defense” mode on Monday morning and went into “Attack” mode a few hours into the day. I started with 50 positions, retreated with my hair on fire to 30, then re-established 13 to end at 43 shorts. I am pleased to say they were all in the green at day’s end. Among them are these three auto-related shorts which I added:
Health Stocks to Watch
Canopy Growth Corporation (CGC) rose 88 cents to $21.13 on 6.7 million shares Thursday. The company announced a new hemp-derived CBD product line. The stock bounced off the bottom of its declining channel last month, and has since been consolidating before breaking out of the channel earlier this week. A move through recent highs in the $21.50-.70 area could lead to our next target of $26.
Mallinckrodt plc (MNK) jumped 33 cents, or nearly 10%, to $3.69 on 7.6 million shares Thursday. The UK-based biopharmaceutical company last week announced findings on a novel predictive model to more quickly identify infants with a rare seizure disorder. A break through lateral resistance in the $4-$4.15 range could accelerate the stock to $5.25.
(more…)Two After the Close
There are two large semiconductor companies reporting after the close today (that is, Thursday). One of them is Applied Materials (AMAT). Here is the long-term chart:
A Bad Trip
Here are a couple of travel-related firms that aren’t participating in this most overly-supported equity market in human history. Both of these got zapped hard on Thursday.
House in the House
One sector has been unabashedly (and surprisingly) strong for the entirety of 2019: home-builders. Check these two funds out:
