Kylie Jenner, Not COVID-19, Is to Blame for the S&P 500’s Weakest Stock

The worst-performing stock in the entire S&P 500 is Coty Inc. Despite a massive recovery in rivals like Estee Lauder and L’Oreal, the beauty company has hugely unperformed the U.S. stock market. Controversy surrounding Kylie Jenner is likely the cause; can a partnership with Kim Kardashian-West save the day? After tumbling 60% from its open …

‘Nifty-Fifty’ All Over Again? Why Investors Should Fear Big Tech Rally

Apple, Microsoft, Google, Amazon, and Facebook have added a staggering $2.7 trillion to their combined market caps since March lows. High expectations and the Fed’s interventions drove the stock market’s rally, led by these giants. These stocks could face the same fate as the ‘Nifty-Fifty’ of the 1970s. Following the U.S. stock market crash of …

Walgreens Is the Canary in the Stock Market’s Coal Mine

Shares of Walgreens are down nearly double-digits after reporting dismal earnings. Investors expected the company to handle the pandemic well. The grim reality is indicative of a frustrating earnings season ahead for stocks. Pharmacy chain Walgreens Boots Alliance (NASDAQ: WBA) reported earnings this morning. The numbers weren’t pretty. With expectations of $1.17 per share, the …

Here’s Another Reason to Doubt the Stock Market Rally

Citadel Securities says retail accounts for 25% of the market during peaks. Zero commissions and FOMO are some of the reasons for the retail trading frenzy. Retail investors have inflated the stock bubble. Citadel Securities, the market maker that counts Ken Griffin as its largest owner, said that retail traders now account for about a …

A Summer Stock Market Rally Is Dangerous for Investors

The stock market’s sideways trading offers a necessary cooling-off period after a massive rally. Q2 results could give investors reason for irrational optimism, pushing prices higher. Another big rally this summer will likely end with a massive correction. June was a bumpy month for the U.S. stock market. Wild swings in both directions kept equities …

Ghastly IMF Forecast Pushes The ‘Buffett Indicator’ Deeper into Danger Zone

The IMF drastically revised GDP projections downward Wednesday. That will push the already unnerving Buffett Indicator to record levels. Stock market valuations are decoupling from corporate multiples as well as economic projections. The forward S&P 500 P/E ratio is hovering at 20-year highs. The International Monetary Fund (IMF) had some terrible news for the stock …