I went a little nuts today on CNBC’s Fast Money today when I heard the false narrative repeated about how Alcoa’s beat meant smooth sailing for earnings season this quarter. I think certain sectors are going to be reporting abominations this month and I want to convey the seriousness of the shrinking profit margin issue coupled with slowing global demand.
Here are some of the clips…
First, the thunder:
Is $YELP a buy? Its four underwriters all say it’s a hold!
Three hot trades today:
Thanks for checking it out.