Somebody’s going to have to pay for all this stuff!
Oct 21, 2021Good morning!
Markets hit an intraday record yesterday and are set for a small drop in the early going this morning.
Here’s my playbook.
1 – Order now (and this time we’re not kidding)
That’s what many retailers are telling consumers about the Christmas season. The supply chain problems making headlines are unlikely to get fixed any time soon. We’re talking months-long delays … months.
Forget the goods though, and think about credit card spending. Somebody’s going to have to pay for all this and I have a few stonks in mind starting with JPMorgan Chase (JPM).
2 – FB hasn’t been fully forthcoming says oversight board
Here’s more “fall on your sword action” from Team Zuckerberg which is throwing everything it can at the wall to deflect those pesky whistleblower allegations. Makes me wonder if there’s a management purge before the end of the year in the offing and an opportunity to pick up shares on the cheap. (Read)
As in $200 per share cheap.
**Note: I suggested a trade yesterday in Trade with Keith based on this exact scenario so please check it out if you’re a member of the One Bar Ahead™ Family.
3 – Jack’s back – Part Deux
Alibaba shares tacked on 7% after founder Jack Ma was seen in Europe on an agriculture and technology study trip. Not coincidentally, the company released a new chip. I told you on October 13th that a “charm offensive” was next for Chinese apparatchiks; having Ma out and about is a key part of that.
Next up BTW … he’ll make a few philanthropic donations or three and talk about the need for greater social balance, good etc. Basically, he’ll mirror President Xi or get put right back in the clinker again.
Still not touching BABA any time soon.
4 – Tesla does it (again)!
I told FBN anchor Stuart Varney on Monday that Tesla was the single most important company on the earnings calendar this week IMHO. (Watch). And Musk delivered … 73% more vehicles year over year despite chips shortages, rolling blackouts and more. Oh, and in a move that is sure to confound critics, margins are improving, too.
Shares are up 100% in past 12 months on their way to $1,000.
5 – I’m with Peter (Thiel)
Bitcoin’s taken a breather over the past 24 hours. It’s trading at only $65,520 after hitting an all-time high of nearly $67,000. Billionaire investor Peter Thiel noted in Miami that he feels he’s been “underinvested” in it but that the answers are “still to go long” – meaning buy.
I agree on both counts.
Yesterday’s most read … I call bull on Facebook’s rebranding (Read)
Bottom Line
Learning how to make money in the markets is awesome.
Learning how to keep it is even better!
Now, let’s get out there a do a little of both this morning!
I’ll be with you every step of the way.
Keith
