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The Magnificent Two Leaves Five Stocks In Their Dust

The Magnificent Two Leaves Five Stocks In Their Dust

By Michael Lebowitz and Lance Roberts | Feb 22, 2024 | Daily Market Commentary
The Magnificent Seven hog the headlines and are the envy of many investors. Yet since the start of 2024, only two Magnificent Seven stocks have been beating the market significantly. The g...
Corporations Are Hoarding Cash – RIA

Corporations Are Hoarding Cash – RIA

By Michael Lebowitz and Lance Roberts | Feb 21, 2024 | Daily Market Commentary
The Bloomberg graph below provides us with a reason to be optimistic about the earnings and share prices of the largest corporations. As shown, the amount of cash corporations hold is at a...
Can Midcap Stocks Ignore Bond Yields?

Can Midcap Stocks Ignore Bond Yields?

By Michael Lebowitz and Lance Roberts | Feb 20, 2024 | Daily Market Commentary
The graphs below show the daily and weekly graphs of MDY, the midcap ETF, alongside ten-year note yields. The midcap index is breaking out to record highs. Such is not surprising given the...
America Is Avoiding A Global Recession, So Far

America Is Avoiding A Global Recession, So Far

By Michael Lebowitz and Lance Roberts | Feb 16, 2024 | Daily Market Commentary
On Thursday morning, Japan and the United Kingdom reported a negative GDP for the second consecutive quarter. A few weeks ago, Germany also reported consecutive quarterly declines in GDP. Ac...
Lyft Blunder Causes Chaos – RIA

Lyft Blunder Causes Chaos – RIA

By Michael Lebowitz and Lance Roberts | Feb 15, 2024 | Daily Market Commentary
Lyft’s earnings announcement Tuesday night was one for the ages. Their quarterly earnings statement reported that its margins rose by 5% or 500 basis points. In other words, for each dol...
Small Businesses Are Struggling Despite The Economy

Small Businesses Are Struggling Despite The Economy

By Michael Lebowitz and Lance Roberts | Feb 14, 2024 | Daily Market Commentary
Per the U.S. Chamber of Commerce, 43.5% of GDP comes from small businesses. The Small Business Administration claims small businesses employ 46.4% of private sector employees, accounting f...
Trueflation Or CPI Inflation? – RIA

Trueflation Or CPI Inflation? – RIA

By Michael Lebowitz and Lance Roberts | Feb 13, 2024 | Daily Market Commentary
On January 23, we led the Daily Commentary with a couple of paragraphs titled
A Major Obstacle to the Energy Transition

A Major Obstacle to the Energy Transition

By Michael Lebowitz and Lance Roberts | Feb 12, 2024 | Daily Market Commentary
The supply side of the energy transition is well on its way, but the demand side of the equation presents a major obstacle to victory. EY published it’s
Tesla Is On Sale- Is It Time To Buy?

Tesla Is On Sale- Is It Time To Buy?

By Michael Lebowitz and Lance Roberts | Feb 9, 2024 | Daily Market Commentary
The Magnificent Seven continue to lead the market higher as they did last year. However, one of the seven stocks is falling woefully behind. Tesla is down 25% this year. Driving Tesla’s...
NYCB Is Downgraded And Contagion Fears Increase

NYCB Is Downgraded And Contagion Fears Increase

By Michael Lebowitz and Lance Roberts | Feb 8, 2024 | Daily Market Commentary
Late Tuesday night, Moody’s downgraded NYCB’s credit rating to BB, putting it in junk bond status. The action occurred after NYCB stock had fallen 60% year to date. The lesson from 200...