DHUnplugged #692: Froth-A-Bubble

DHUnplugged Podcast

TECH on fire - Bulls overjoyed! Hedge Funds - Making some moves - Surprising Year of Pharma? To The Moon - Crypto Style Valuations getting frothy? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Pays to Follow Pelosi! - Landing on the Moon - then falling over - Japan - something not kosher - New See-through laptop screens Market Update - TECH on fire - Bulls overjoyed! - Hedge Funds - Making some moves - Surprising - Year of Pharma? - To The Moon - Crypto Style - Valuations getting frothy Froth-a-Bubble- Icous? - There is some concern at Apollo regarding a bubble in S&P 500 - The top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s, see chart below. - Different makeup back in 1999 - but still of interest asa the S&P500 reaches levels (P/E) at the high end of the ranges. - SEE LINK Smart Money? - Hedge funds piled into tech stocks in the weeks before Nvidia Corp. earnings. Now, they’re cashing out and selling at the fastest pace in seven months. - Professional managers offloaded their positions for four straight sessions last week, including Thursday, the day after Nvidia posted results, according to data from Goldman Sachs Group Inc.’s prime-brokerage unit. The intensity of the selling ranks in the 98th - he data suggests traders are booking profits on their tech wagers after a six-week buying streak and putting that extra cash into less volatile stocks, such as consumer staples. - SEE LINK Nancy! - NEWS MONDAY: PANW - Palo Alto Networks shares higher by 9% after Rep. Nancy Pelosi reported Friday afternoon the purchase of 70 call options (purchases made 2/12 and 2/21) - Stock moved down 27% after earnings last week - In fairness, the purchases on 2/12 are very underwater - AH picked this for the game right after post-earnings slump Earnings - Zoom - Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts' expectations. - Here's how the company did, compared with consensus among analysts polled by LSEG: - -- - Earnings per share: $1.22, adjusted vs. $1.15 expected - - - -Revenue: $1.15 billion vs. $1.13 billion expected Disney -Walt Disneyshareholder Blackwells Capital is calling for it to come up with an artificial intelligence (AI) strategy, saying that this could lift the U.S. media and entertainment conglomerate's stock price by as much as 129%. Blackwells is one of two activist investors pushing for board seats What Goes Up... - Intuitive Machines Inc. shares sink Monday, after the spacecraft company said its lander, which successfully touched down on the moon last week, likely landed on its side. - The landing was touted as the first by a private-sector company to reach the moon intact, as well as the first US spacecraft to reach the moon’s surface since 1972. - In a Monday update, the company wrote that “flight controllers intend to collect data until the lander’s solar panels are no longer exposed to light,” and that “based on Earth and Moon positioning, we believe flight controllers will continue to communicate with Odysseus until Tuesday morning.” - Stock down 33% on this news Japan - Markets at new highs - Yen weak weak weak - Government keeps ultra-loose monetary policy - Recession official - Something is not right over there More Japan - Federal prosecutors in New York on Wednesday said they had charged a Japanese Yakuza leader with conspiring to traffic nuclear materials from Burma to other countries. - Prosecutors said the accused gangster Takeshi Ebisawa "and his confederates showed sa...