At $6.87, the stock is down more than 60% year to date and far below its $24 initial public offering price. $WISH posted revenue of $656 million for the second quarter of 2021, down 6% year over year. Wish reported a loss of $67 million on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, compared to a profit of $16...
If you zoom out to the monthly timeframe you’ll notice Altria Group has been struggling for the past 3 years, only this year has it started to pick up. Altria forecast full-year adjusted earnings per share of between $4.56 and $4.62. Which is a bit below Wall Street's forecast for $4.60. For the second quarter, Altria earned $1.23, up 12.8%. Sales grew 8.9% to...
Tesla’s looking very nice here. Price broke out of the descending triangle to the upside and has currently retested previous resistance on the daily which ended up closing on a hammer. Keep this on your watchlist.
$TWTR has been struggling this past month but it’s still been able to keep itself in an uptrend. On all the major timeframes we’re still holding onto long term support but also coming towards the end of a symmetrical triangle. Keep this on your watchlist for it’s next move. It’s hard for me not to be bullish when you I use the app! - Factor Four
The main concern or reason for the tumble in stock price would be China’s increased regulatory scrutiny over tech firms during the past few months. On top of that, people also might be worried about delisting threats for Chinese companies by U.S. regulators. But on the other hand, people should look at how $BIDU is expanding its horizons, for instance, the company...
SQ reported second-quarter 2021 adjusted earnings of 66 cents per share, beating estimate by 106.3%. Further, the figure rose 266.7% year over year and 60.9% sequentially. Net revenues of $4.68 billion improved 143% from the prior-year quarter. However, the figure declined 7.4% from the previous quarter and missed estimate of $5.02 billion. Year-over-year revenue...
Palantir stock was trading lower on Thursday but still holding the bullish tone established since a strong earnings report last week. It also doubled its free cash flow forecast from $150 million to $300 million and outlined strong details of new customers and revenue generation from existing customers. Interestingly, the company also disclosed that it had spent...
It’s always good to look at the higher timeframes, Boeing still in a uptrend on the daily/weekly charts. Might be a good time to put this on your watchlist in case of a break of trend or reversal. - Factor Four
$BABA is simply being sold for one reason right now, fear that the Chinese Communist Party (CCP) policies will do "something". That "something" ranges from nationalizing large companies in China to banning profits and foreign investment to the more standard communist practices of wealth redistribution and an inefficient government bureaucracy amongst widespread...
SunPower Corporation has been taking a heavy beating for a while but has finally come to an area of value for me. If price holds support we could see a reversal here. - Factor Four
Huge symmetrical triangle on the daily chart right at support. You might want to keep this on your watchlist for a possible break or reversal. - Factor Four
Las Vegas Sands has taken a big hit the past couple months but it’s finally come to an area of value. Strong long term support. Oversold on the daily & weekly chart. Keep this on your watchlist for a possible reversal. - Factor Four
Pfizer’s been a fairly boring chart to look at but it could be something you might want to keep your eyes on since it’s finally broken above its all time highs. It’s starting to look like a very nice long term trade! - Factor Four
Nasdaq’s still following its long term trend since the March recovery.. I wouldn’t get too comfortable here. I could see this falling down to support but always wait for confirmation before getting in a trade. - Factor Four
Looks like Paypal has formed a ‘W Formation’ on the daily here, a possible retest of the neckline before a continuation up? Lets see. - Factor Four