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All posts by Michael Comeau

T3’s Market Wrap: Elon Musk Tweets a Short Squeeze

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Tesla (TSLA) had a big day today. Shares were up today on news reports that Saudi Arabia’s sovereign wealth fund had a $2 billion stake in the stock. And then the stock extended on Elon Musk’s subsequent Tweet. This felt like an engineered short squeeze. My initial reaction was “I’m no securities attorney, but shouldn’t the stock […]

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74% of Surveyed Traders Bullish on NVDA in Our Latest Mystery Chart Challenge.

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==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House Yesterday, we held our second Mystery Chart Challenge, which is our version of a classic blind taste test. It’s your job to analyze the chart without the influence of knowing the ticker. Here’s the chart we showed: And as you […]

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T3’s Market Wrap: Apple Does It Again, Earnings Season Rocks

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The action in Apple (AAPL) has been impressive since earnings last Tuesday. The stock hit an all-time high for the fourth straight day today, touching $209.17. That put the stock up about 23% on the year. Then, it turned down a bit, no shocker given the stock’s huge run as of late. Scott Redler, said “it would […]

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Mystery Chart #2: Are You Bullish or Bearish?

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==> Sponsored by the T3 Live Black Room – Click to Join Our FREE Open House It’s been far too long since we’ve issued a mystery chart challenge! This is our version of a classic blind taste test. Here’s how it works: We’re giving you a 6-month daily chart with 10/20/50/200 day moving averages, and […]

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T3’s Market Wrap: Light Jobs Report, Gold Gets to Shine a Little Bit

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The July nonfarm payrolls report was released this morning. The economy added 157,000 jobs in July, slightly missing the 190,000 consensus. The unemployment rate came in at 3.9% as expected, and wage growth was in-line at 0.3%. And last month’s number was revised up to 248,000 from 213,000, with wages being revised down. So overall, […]

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T3’s Market Wrap: Apple Cracks $1 Trillion Market Cap

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Apple (AAPL) saw big-time follow-through from yesterday’s earnings reporting, surging to a new record high of $208.38 this afternoon. This made Apple the first company in history to achieve a $1 trillion market cap. Congratulations to investors that stayed the course, ignoring all the negative rumors. Remember this big story from Nikkei “Apple warns suppliers of 20% drop […]

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T3’s Market Wrap: Apple Shocks the Bears, Hits Record High

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Earnings season has been a raging success when it comes to the numbers, and Apple (AAPL) is just the latest example. The stock hit a new all-time high at $201.32 this morning after delivering better-than-expected fiscal third-quarter results. Apple reported earnings of $2.34 a share on revenue of $53.3 billion, easily beating the $2.16/$52.3 billion consensus. iPhone […]

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T3’s Market Wrap: Tech Stocks In Focus Ahead of Apple Earnings

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Tech’s been a sore spot for the bulls in the past few days. And beginning today, it felt like we could be in for another round of pain ahead of Apple’s (AAPL) big earnings report after the close today. The Nasdaq Composite dipped at the open, underperforming all the major averages before it popped to show some relative strength […]

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T3’s Market Wrap: Earnings Are Stellar, but Facebook Weighs on the Market

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Earnings season is going great — but sluggish tech stock action is weighing the market down. According to FactSet, 53% of the S&P 500 have reported second-quarter earnings, which means the quarter is pretty much in the bag. 83% of companies have beaten earnings expectations, while 77% have beaten sales expectations. These numbers are well above historical averages. […]

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T3’s Market Wrap: Great Earnings and Mixed Stocks

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Earnings season is a success. IBM (IBM) was up nicely on a better-than-expected earnings report as the company’s restructuring bears fruit. But not all in tech was rosy – eBay (EBAY) took a hit on its weaker-than-forecast revenues. Raymond James also downgraded the stock. United Rentals (URI) beat analysts’ expectations but the stocks slid after the report. Banks are […]

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