Mad Hedge Hot Tips
January 30, 2019
The Five Most Important Things That Happened Today
(and what to do about them)
1) Apple Slightly Beats Expectations, with revenues at $84.31 billion versus $83.97 billion expected, and earnings at $4.18 per share versus $4.17 expected. Guidance going forward is very cautious of a slowing China. The stock was up twelve bucks at the peak. Good thing I saw the ambush coming and covered my short two days ago. A penny beat is the most managed earnings I have ever seen. To warn about earnings and then surprise to the upside is classic Tim Cook. Click here.
2) Consumer Confidence Falls Off a Cliff, to an 18-month low, a key index dropping from 126.6 in December to 120.2 in January. Getting the bill from you maxed out credit cards last month didn’t help. Nor did the government shutdown and the stock market crash. Click here.
3) Gold Hits an 8 Month High, as nervous investors hoover up a downside hedge. Russian and Chinese central bank buying helps too. Click here.
4) AMD Soars 10% on its Earnings Beat, and the outlook is rosy, says the CEO Lisa Su. Apparently, not all chip stocks are alike. Click here.
5) December Pending Home Sales Crater, down 2.2% in December and 9.8% YOY. Despite the dramatically lower interest rates buyers fled the crashing stock market. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WHY WATER WILL SOON BE WORTH MORE THAN OIL),
(CGW), (PHO), (FIW), (VE), (TTEK), (PNR),
(WHY WARREN BUFFETT HATES GOLD),
(GLD), (GDX), (ABX),
(IS THE BOTTOM IN FOR FACEBOOK?),