Happy Sunday. The upcoming week should be a fun one: CPI and FOMC both take place on Wed., AAPL’s WWDC starts tomorrow, and we get earnings from ORCL on Tues, AVGO on Wed., ADBE on Thursday. A sufficiently busy summer week before things begin to slow down earnings wise.
We’ll talk high level quickly, move into some stock stocks, then talk about the ORCL/AVGO set ups
Big picture: where do we stand?
We have been calling for an “upwards trending, but somewhat choppy market” since getting more constructive in late-April and we continue to think that will be the case through the next month or two. However, if we were at an 8.5/10 in late April, we’ve moved down to a 6.5/10. We still think there is plenty of opportunity for stock picking.
The macro narrative hasn’t changed month over the last couple months: From Vital Knowledge:
The big debate within US equities concerns the state of the domestic economy following a multitude of data points in the last couple of weeks pointing to growth bei…
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