AAPL
More downgrades? Thank you for your rhetoric. Looking for AAPL to have support at $510 after VIX spike. Fundamentally, lower expectations will have minimal impact. RSI indicates this to be oversold.
Fiscal Cliff
16 days is not enough for tax reform. My opinion is that there will be the extension of tax cuts until May. These people get paid too much to do nothing.
Macro-markets
The "Fed premium" has been sucked out of the indices. I don't expect the trading range to be moved so easily by economic data until attention is diverted away from fiscal policy. However, valuation is less risky than the previous 5 days. Let's see what happens in a week.
Stock Watch
ARCO- Even with MCD posting beats, the valuation indicates risk in this stock.
ATVI- I have a $11.50 price target on it, but anymore than that is too much.
NFLX- Too much premium. I see it $75 at most.
More downgrades? Thank you for your rhetoric. Looking for AAPL to have support at $510 after VIX spike. Fundamentally, lower expectations will have minimal impact. RSI indicates this to be oversold.
Fiscal Cliff
16 days is not enough for tax reform. My opinion is that there will be the extension of tax cuts until May. These people get paid too much to do nothing.
Macro-markets
The "Fed premium" has been sucked out of the indices. I don't expect the trading range to be moved so easily by economic data until attention is diverted away from fiscal policy. However, valuation is less risky than the previous 5 days. Let's see what happens in a week.
Stock Watch
ARCO- Even with MCD posting beats, the valuation indicates risk in this stock.
ATVI- I have a $11.50 price target on it, but anymore than that is too much.
NFLX- Too much premium. I see it $75 at most.
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