A Brutal Week For Stocks May Grow Worse As The Short Squeeze Continues

Facebook

Facebook (FB) is also down a fast 9% from its January 26 highs, and I think heading back to $241.  (Premium subscriber content on RTM – Earnings Analysis: Facebook Forecast More Challenging Second Half Of 2021)

AMD

AMD is down over 11% from its January 26 highs and fell below $87 for the first time since November 30. I have been saying for weeks the Xilinx deal would put a lid on this stock, and it has. Now the company had no margin expansion last quarter, despite blistering revenue growth? Something is off. The stock could be heading back to $75.  (Premium subscriber content on RTM – Earnings Analysis: AMD’s Results Are Not Nearly As Strong As They Appear

Walmart 

Walmart (WMT) finally broke support this week and is likely on its way back to $137.20.

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Disclosure: Mott Capital Management, LLC is a registered investment adviser. Information ...

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Stock Sanity 2 months ago Member's comment

Let the squeeze continue anyways.

Kate Monroe 2 months ago Member's comment

I don’t see this having as big an impact on $WMT but definitely $AAPL and $FB 🤷🏼‍♀️

Black Widow 2 months ago Member's comment

Wow, carnage is right!