After a +22.6% performance since late June 2016, this index has been looking stretched and bound for a consolidation. The long and medium term pictures are still looking positive, a testimony of the general bullish configuration we are still in.
However, the short term (daily) has been consolidating form an ...
THE TECHNICAL SITUATION: BREAKOUT ON
Index still in bullish breakout mode, technically positive on most time frames.
There is a general view -which I share- that a consolidation is long overdue.
"Time consolidation" for now: Index flat while it works away its overbought condition.
Valuation currently 50% > ...
MIXED PICTURE ON TWTR
Fundamentals are still poor
But the stock could be technically appealing
Up-channel in place since late May 2016
Short-term currently positive: Trading at the bottom of the channel
Traders could trade the channel: Long around 16.50, short around 20.50
stock near ...
Banks -> Asset Managers -> ?? ==> BROKERS !
SECTOR THEME FOR 2017 ?
Main street banks flew first, and we are betting that asset managers will follow (LM, BX). And then what? The logical step down the sector will be the brokers: Smaller, less visible, less owned, yet sure to benefit from the pickup in trading ...
Consensus = Buy
Valuation = Appealing (PE 13.42x)
Growth and profitability = Exceptional (ROE 44%, 5yr growth +53%)
Only target price is weak (flat), but could it be revised upwards?
Sitting on the long-term MA50 support
Closed just below the medium-term MA100 resistance
Looks like ...
Same story as Macy's:
- Disappointing Christmas sales
- Disappointing, revised guidance
- Double broker downgrade
Stock indicated down 15%
Wide gap (46-49) to be bridged
Volatility should spike accordingly
Opportunity to sell 10% OTM puts on the 20 Jan maturity
POOR FUNDAMENTALS CONFIRMED
Macy's just released disappointing sales figures and guidance.
Announcing 68 store closures and the layoff of 10,000 employees.
The stock is indicated 10% down to 32.20.
Consensus is already quite down-beat on the story, and likely to become even more so.
Expect downgrades on the back of ...
Since late October, there has been some fear about the long term FB uptrend being compromised.
This scenario is increasingly unlikely since the recent, triple rebound around 114.
In this context, FB has also been registering higher lows (another positive).
Short term momentum pickup looks healthy and deserves to be ...
Yesterday's close >$106.75 gives breakout signal I was waiting for.
Impressive turnaround since last earnings publication (stock up c. +17%):
- Mr. Iger's suggested that ESPN worries might be overdone;
- This gave the impulse the market was looking for.
Currently positive on most time frames.
Encouraging 50/200 ...
If you own European Insurance, hold on to it!
AXA has been breaking out repeatedly, in sequence.
Very healthy sign, for a stock which has been showing momentum strength on all time frames.
Non holders should look at getting long towards the bottom of the current range, at about 23.50.
This should be feasible as the ...
- A global leader in its sector
- Sector with significant growth potential: Gaming
- Consensus very bullish with a BUY recommendation
- Average target upside of 30%
- Has consolidated some 20% since the historical high
- Consolidation partially due to earnings disappointment
- Market likely to ...
Many signs point to the start of a consolidation in the S&P500:
- High triangle formation has failed to produce a breakout;
- Price has broken the MA20 to the downside;
- RSI trend has turned negative;
- MACD has turned negative.
This confirms my recent view that the main US Equity index has been overbought and ...
CCL SHOWING DIVERGENT SIGNS:
- Long and short term negative trends, while the medium term is still up trending;
- Golden cross in mid November suggesting upside on the uptrend;
- Multiple rejections at/above 53 suggesting more downside;
- Down trending MACD and RSI;
- Mildly positive consensus (closer to a HOLD);
Rate hike confirmed as expected
3 hikes this year instead of 2 --> Faster yield curve steepening than expected
SOME EXPECTED THEORETICAL OUTCOMES
Stronger USD --> Bad for exporting companies (negative for equities)
Higher rates --> Bad for equity valuations (negative for equities)
Higher inflation ...
FUNDAMENTALLY APPEALING AND LEFT OUT
Tyson Food is a consumer non-cyclical stock which has been left out of the "Trump" rally.
Fundamentally appealing, defensive growth story (ROE 18.32%, 5yr rev growth 2.86%).
The consensus has a BUY recommendation with 13% upside.
Valuation is appealing, below market (P/E ...
This thread/idea takes over from the previous one, where we initiated a long position at 55.
We assume a long position at $60/share to take into account the call conversions (please see related idea below).
FUNDAMENTALS ON THE UP AND UP
LULU surprised positively on both top and bottom lines
Most notable ...
ALL SYSTEMS IN THE GREEN FOR THE MAIN US EQUITY INDEX
- Clear uptrend showing on all time frames;
- Technical picture positive on all time frames;
- Has broken out since the end of the rounding top;
- Looks like it is engaged in a new uptrend.
HOWEVER, LOOKING OVERBOUGHT AT THE CURRENT LEVELS
- RSI >76 on the ...
With a strong buy recommendation from the consensus and a 55% target upside, this stock looks fundamentally compelling
The company has average revenue growth of 11% with an R.O.E. of 9.25% and an undemanding valuation (P.E. 12x, P/BV 1x)
The pharma sector might also provide interesting ...