After the close today, the S&P 500 Futures contract continued its downward momentum as algorithmic trading pushed the futures contract down below the 200-day moving average which is a decline of 7.9% from the price the index futures contract was trading at last week. Sharp market selloffs often bring trading and investing opportunities. I have stocks like Amazon (AMZN) and Facebook (FB) on my…
Apple is one of the most popular stocks for daytrading, swing trading and investing. It is a member of the Dow Jones Industrial Average as well as the Nasdaq 100, and the S&P 500 Index. Apple has options with weekly expiration dates which are very liquid. These weekly options offer stock traders, portfolio managers, and hedge fund managers the opportunity to speculate on Apple’s…
What do you think about CEOs that are willing to accept 65 cents on the dollar for their stock? Are they spitting in the face of shareholders who paid 52.5% higher prices the same day? As Beyond Meat stock (BYND) soared up 840%, the CEO, early investors, executives, and directors filed to sell 3,737,500 shares in which 93.3% of the proceeds will go to them, and…
I found this gem going through some old photos and screen shots on a backup drive. Wow, Time flies!!! This screen shot was taken in May 1999 when Amazon’s market cap was only $21 billion. I bought 100 shares of Amazon at 122.75 (shown in the screen capture). Four months later, Amazon stock would split 2-for-1, which is the equivalent of buying 200 shares…
Set to report earnings on Monday, Beyond Meat stock closed at $234.90. Shareholders enjoy a 9.4 multiple of the $25 IPO price from 5/2/2019. “Kudos” to the underwriters who completely dropped the ball on this offering. Lead Underwriters Goldman Sachs, Credit Suisse, and J.P. Morgan issued $67, $70, and $97 price targets respectively in May. A week later, Credit Suisse and J.P. Morgan increased…