App downloads were falling for Netflix during Q1 as people came out of COVID lockdowns. Did the vaccines kill NFLX?
NASDAQ’s mid-year rally (described here in late June) came to an end on July 14. From mid-July, the second quarter is usually plagued with poor performance. Enthusiam and large amounts of cash on the sidelines could keep stock prices aflot. Hower, defensive positioning seems a more reasonable bet.
Microsoft (MSFT) reports earinsg on Thursday. In FAANG and related stocks, MSFT continues to be a standout. NFLX has competition and content reduction, AMZN has seen competition from WMT and also cloud spending slowdown, GOOG faces political backlash along with slowing compartive results, FB faces similar issues currently, along with lower usage rates. We’ve seen a high amount of call buying recently, heavily bullish-biased flow as shares Read more ➝
Advance Auto Parts, Inc. ($156.59) – Autos and Parts – AAP returned to a buy signal with a double top break at $158 in Monday’s trading. Despite today’s breakout, the technical picture remains decidedly negative as AAP is an Extremely Low Ranked stock that ranks in the bottom half of the Autos and Parts sector, Read more ➝