Author: Rich Meyers

Stocks went into orbit and fell like a Chinese spy balloon last week. On Thursday, stocks rocketed higher on the belief the Federal Reserve is likely to halt rate hikes and eventually lower rates because the economy is supposed to...

Stock markets appear to be getting healthier in hopes the Federal Reserve is just about done raising rates. Insider buying was a little healthier last week than it was the previous week; however, in our opinion, only one company, once...

Bulls got what they were hoping for. The NASDAQ had a couple bouts of profit taking, both of which created higher lows, which were followed by higher highs. Three times, the index stepped higher. That is an uptrend. For a...

Amazon.com, Inc. (AMZN) will hold a conference call to discuss its fourth quarter 2022 financial results after the market close on Thursday, February 2, 2023. Wall Street expects the online retailer to earn $0.17 for the quarter with sales of...

Wow! That was our first thought when we saw last week’s roster of insider buys. It was so slow, if not the slowest week that we can remember. Hopefully, the lack of activity is not an indication that corporate insiders...

Well, we got what we were hoping for. Last week we were hoping for some profit taking that reversed higher before NASDAQ 10,250 – check. The index slipped a little below its 50-day moving average of 10,923 and rebounded.  Our...

Next week is a huge week for earnings announcements with more than 500 companies scheduled to unveil their financial report cards. Microsoft Corporation (MSFT) could be the biggest name in the bunch. The software powerhouse will release its second quarter...

Stocks staged a comeback last week after flirting with the edge of technical support and potential meltdown. However, insiders were not buying it as last week’s activity was as light as we can remember. Nearly a third of the transactions...