Barron's insider ratio has turned bearish. What do they know that retail investors don't?
(This is the ratio of insiders sales to buys - readings under 12:1 are bullish. Those over 20:1 are bearish) Source Chart: Barrons
The last time The Dow had a longer winning streak than this (12 straight days) was in Jan 1987 (13 days - the all-time record win streak)...
Source: Bloomberg, www.zerohedge.com
Alphabet shares rose about 7% in extended trading on Tuesday after the company reported better-than-expected revenue and profit, driven by growth in its cloud-computing unit.
For the fourth straight quarter, Google’s parent company reported growth in the single digits as it reckons with a pullback in digital ad spending that reflects concerns about the economy. Analysts don’t expect growth to hit double digits again until the fourth quarter. $GOOG Alphabet Q2 FY23 details by App Economy Insights • Revenue +7% Y/Y to $74.6B ($1.8B beat) • Operating margin 29% (+1pp Y/Y) • EPS $1.44 ($0.10 beat) ☁️ Google Cloud: • Revenue +28% Y/Y to $8.0B. • Operating margin 5% (+14pp Y/Y). ▶️ YouTube ads +4% to $7.7B. Source: App Economy Insights, CNBC
When it comes to the rush into AI stocks, these 2 charts are not easy to interpret from a contrarian perspective
On one hand, record inflows into AI etfs could mean there is too much "hot money" = BEARISH from a contrarian perspective. On the other hand, shorts continue to accumulate positions betting on a collapse of AI-related mega-caps tech stocks. This is BULLISH from a contrarian perspective. Source chart: JPM, TME
Something very unusual has been taking place since the start of the 2Q earnings season
US stocks that beat earnings are being sold... very unusual. Source: www.zerohedge.com
Retail investors are jumping into Mattel stock $MAT as the movie "Barbie" takes the world by storm
Source: Barchart, Vanda Research
Hong-Kong listed Chinese stocks are soaring this morning as China July politburo statement is more dovish than expected.
China wows to adjust and optimitize property policy and aims to support domestic economy. Source: CNBC
Dow component returns in 2023...
Source: Charlie Bilello
