Dan Niles is saying this isn't even a real pullback.
The semi index had two separate 50%+ crashes in the '90sโlate '95 and late '97. This time it's only down about 25% from the peak. "That's nothing."
From end of 1994 to its March 2000 high, it still went up 850%.
Royal Caribbean $RCL just dropped earnings results ๐ข
EPS came in at $4.21, above the expected $3.98 โ
Revenue hit $4.8B, matching what analysts predicted.
Navitas just dropped Q2 numbers:
- Revenue $10.5M, up 22% from last quarter but down from last year as they phase out mobile biz
- Gross margin 39.5%
- Big net loss thanks to a $203M non-cash charge, but adjusted loss is $9.3M
- Cash pile grew to $557M
Q3 forecast: Reve
All our positions are in the green today. Not a single red one.
Any of our 3,559 members can back that up.
I also opened a new position today. Members already know which one.
๐ https://t.co/l14fNH0fJp
Just in: Chinese chip company CXMT skyrocketed 465% on its first trading day ๐ It's now the most valuable firm listed in China. The market cap jumped from $85.5B at IPO to almost $500B. Wild.
AT&T $T and D-Wave $QBTS just made a deal. AT&T is expanding its use of D-Waveโs quantum tech to solve tough network optimization problems. ๐ฅ
This week is the busiest one of the quarter for stocks ๐
Get ready for market action
Here's the full catalyst list I share with my free daily recap readers every Sunday
https://t.co/LT6JIownvL
๐จ BREAKING
๐บ๐ธ Fed dropping $3.3 billion into markets tomorrow at 9 AM ET, just before U.S. markets open.
Kevin Warshingtons is keeping T-Bill buys and restarting the money printer!
Giga bullish vibes ahead! ๐ฐ๐ฅ