Newsletter

VRA Letter: Our “Wall of Worry” Bull Market. Q3 Earnings Will Lead Higher. VRA 10-Baggers; Tesla, Falcon Oil and Gas, Xtract One Tech.

VRA Letter: Our "Wall of Worry" Bull Market. Q3 Earnings Will Lead Higher. VRA 10-Baggers; Tesla, Falcon Oil and Gas, Xtract One Tech. October 16, 2023 Good Monday morning. While we didn’t care for Fridays action, which saw the ...

Posted On October 16, 20237 MIN Read
Share:
vra-default-img

VRA Letter: Our "Wall of Worry" Bull Market. Q3 Earnings Will Lead Higher. VRA 10-Baggers; Tesla, Falcon Oil and Gas, Xtract One Tech.

October 16, 2023

Good Monday morning. While we didn’t care for Fridays action, which saw the semis and nasdaq lead the market lower (with losses of 2.5% and 1.3%), even in light of the onset of war between Israel and Hamas our markets managed to close (slightly) higher on the week. If you look up “wall of worry” in the investment dictionary, you’ll see a picture of the market we’re in today. Bull markets love climbing a wall of worry.

Dow futures +180 this AM.

Of note from Fridays trading, major money center banks JP Morgan and Wells Fargo reported excellent earnings, sending their shares higher by 1.5% and 3%, while Citi closed flat on their earnings beat. Our call remains that Q3 earnings will outperform analyst estimates by a wide margin and that bank stocks will actually lead the way higher, in advance of tech stocks that will take t...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

July 12, 2024
VRA Letter: Quick Hitters Round Two.

Good Friday morning. VRA Quick Hitters. 1) Right on cue: textbook rotational, broadening action into value and mid/small caps with extreme overbought readings in growth (as they pause, only) with another day of excellent internals. This is the exact broadening action we’ve been forecasting.  The Dow just hit ATH. Now we have just one index that’s yet to […]

July 12, 2024
VRA Letter: Friday Quick Hitters

Good Friday morning all, It has been an eventful end to the week. We are working on a few new write-ups right now, so this morning we have our VRA quick hitters. I'll have another update out later in the day. 1.) This morning we got another look at inflation with the Producers Price Index (PPI), […]

July 11, 2024
VRA Letter: VRA 8PM EST Zoom With X1. 10 PM EST Interview with WAR. June CPI; Disinflation Continues to Build. The Roaring 2020’s & Innovation

Good Thursday morning. Heads up:  1) Tonight we have a VRA Members Only Zoom with Xtract One Tech (XTRAF) CEO Peter Evans at 8PM EST. Please send your questions for Peter asap. You’ll want to be on this Zoom. X1 is a VRA 10-bagger nearing a hyper-growth phase. Here’s your Zoom link: https://us06web.zoom.us/j/81273879495?pwd=czu1AYKBGa9AoZFttfTDlw6OoOxZ3r.1 2) Tonight at 10 […]

July 10, 2024
VRA Letter: Long and Strong; Generals Leading. Restrictive Fed, Rate Cuts Nearing. Miners Flashing Buy Signals. X1 Zoom. Tesla Goes Parabolic.

Good Wednesday morning. Our power and cell service were restored last night, but 1.5 million remain without power in the Houston area. Thanks very much to everyone that reached out with your concerns. Houston, a once long-term conservative city, has been run by Dems for more than a decade. Same with Centerpoint Energy, whose top […]

July 09, 2024
VRA Letter: Hurricane Beryl.

Good Tuesday morning. 2 million are still without power in the Houston area and we’re in that group. This was a low-wind hurricane but not only is power out most everywhere but cell service with it. I’m writing this from our local HEB (grocery store). They are telling us we “may” be back up tomorrow. […]