EXXON… OR ZOOM? Back in November 2020 we published an issue of Insider Weekly where we made our case for Exxon Mobil: It’s trading at the same level it was some 22 years ago, booted from the Dow, seemingly uninvestable (try to convince a pension fund board of trustees to buy Exxon), and sitting on the same market cap as Zoom. Absolutely “nucking futs!” Our head trader, Brad McFadden, chimed in with a story to illustrate the point: When I was a

The “popular press” tells us it’s time to buy stocks… But is it really? We highlighted Apple as an example in last week’s Insider Weekly. By all respects, Apple is a great company. Lately it looks like the dish served is apple crumble. Bottom fishing investors are screaming it’s a buy. And its short-term chart does make it look somewhat attractive. Now let’s zoom out a little. Here’s Apple going back to 2012. Still think it’s a screaming buy? We picked

Looking at the carnage in “growth” stocks, it feels like it was eons back when our friend Kuppy warned just a few weeks ago (on 25 April to be exact) about the undertow building up in the tech market: The tech sector has an undertow to it. It started slowly in 2021, but as more names get swept out to sea, the strength of the undertow only grows. One down quarter is a tragedy for a fund. Two in a row and

“It’s a b**ch.” That’s how Netflix CEO Reed Hastings reportedly commented on the turn of faith for one of the growth darlings. We imagine Bill Ackman had similar things to say. Thankfully, he quickly came to his senses and walked away — $400 million lighter, but he did manage to walk away. The way we see it, Netflix is but one of the grossly overvalued growth stocks that have succumbed to gravity in recent weeks. Not to pat ourselves on the back too much,