Swift dismantling of zero-Covid policy in China has triggered a surge in demand resulting in robust economic recovery. Is this a flash in the pan or a structural shift? Bouncing off from 2022 bottom in early November, Chinese equities (represented by FTSE China 50 Index, "China50 Index") rallied 64% on COVID easing. The rally has stalled based on specific sector...
For the China reopening thesis i think LU Lufax Holding is the one of the most undervalued stocks you can own right now! And i will tell you why! LU Lufax Holding has a ridiculous PE Ratio (TTM) of only 1.81! The Forward Dividend & Yield is 0.51 (21.79%)! Last year the stock was $18.30. It has lost most than 90% of its value, while the business is growing and...
As cases drop dramatically and interest rates rise, could affordable hotel name stocks be a good way to get exposure? Presumably as credit comes out of the economy, there will be less desire for higher end names. Also while 41 P/E may be high for a hotel chain, other's in the same space are running extremely high / negative PE's. I'll be looking to play this one...
AAWW continues to benefit while $JETS and stocks like $SNCY continue to push new lows, if you are looking for airline exposure I do believe you will see the best return here compared to the broader sector. Good luck traders!
MGM Resorts recently hit a new 13-year high, and now it’s pulled back. The main feature on today’s chart is the breakout above $45.10 in early October. It proceeded all the way past $50 (for the first time since 2008) before knifing back to retest the breakout level. Next, the current price area is near the 50-day simple moving average (SMA). Third, the recent...
YOU with a bullish 20-day MA crossing through 50-day MA. Already filled the gap up so it's ready to continue on its upward trend which seems to be forming a channel that it will trade between. RSI at 50 used to be resistance, now it seems to be support. Global travel coming back fast. Should be in full swing by the end of the month, the travel ban was lifted on...
With further re-opening of domestic air travel in New Zealand and potential foreign destinations opening with higher vaccination rates - it would seem a good time to start reviewing companies like Air New Zealand.
The 50-day moving average appears to be curving upwards finally and volume has been declining so there aren't many sellers left. Time for the buyers to take control. I think the stock will pop on earnings and begin an uptrend after earnings are announced. Which will show that the live entertainment business is back in full swing and improving by the day. The...
We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that...
Along with $SBGI, $FOX, $NWSA and $GTN companies have seen broad based weakness in view ship. Will the trend continue and lead these lower? We'll see!
BIG Gap up on July 1 after news that BGI reopened in Canada. But now it's at some interesting levels. The 618 fib has acted as support/resistance for a while. Since BGI broke above that, we need to see if it can hold. Next minor resistance seems to be around the .5 Fib then more major at the 382 fib. This 382 level is an area that BGI seems to have had a tough...
VEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old...
I put this RIG chart together earlier this month and it continues to hold true. No major consolidation just a channel trade with higher lows getting put in. With global shipping becoming a bigger point of interest right now RIG could be one to watch (assuming they don't do something stupid like raise money at a drastic discount). "the oil demand this year has...
The economy is reopening. People are going back to work. It’s great news for a lot of stocks, but Netflix isn’t one of them. Today the streaming-video giant’s 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That “death cross” may signal that longer-term momentum has swung more decisively toward the bearish camp. Another...
Sabre is involved with the travel business so it is a reopening play. Should be a good trade; I won't be in it long. It also popped up with institutional buying of the $14 strike calls. Fair Value Estimate from Morningstar: $17.10 June Expiration; $14 strike Calls are the way to play it. The more time the better. Will roll the calls out to further expirations and...
1 wek time frame. reoping stock looking like a buy:) i think its a great time to buy in. short sellers are gone, initial investors sold off stock ???\\ ya bot is going to take postion in the next week
Caught the breakout on weeklies, then rolled to 6/18 June 250 calls with low 4s average and scaled so riding free calls.
Swings up nicely. June calls over 100% and holding SL set to secure green trade