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…………(more…)
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.
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.(more…)
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:(more…)
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…)
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:(more…)
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.(more…)
One sector has been unabashedly (and surprisingly) strong for the entirety of 2019: home-builders. Check these two funds out:(more…)