The homebuilder has healthy books and took a large hit from the coronavirus. The company has taken a freefall from $28 a share to $6 a share, where we saw a bottom. The long play here relies heavily on the scale the company has in the U.S consumer durables segment. The company is trading at a discount when compared with peers, and still has double-digit earnings...
On an aggregate scale, the COVID-19 induced outbreak has hit large-cap enterprises around the globe. Cost-cutting measures will be implied towards ad spending and I.T investments which in return results with Alphabet´s cloud and digital ad streams being impacted negatively in the near term. On the other hand, the discount in price is favorable for long plays for...
KRDMD common stock has spiked 2.21% in the first hour of the morning session. Both the Jan 2020 and common stock are overextended via bollinger. Hence a retracement is likely. Am short JAN 2020 futures contract.
The rhetoric in XU100 is irrespective of valuations in the last week or so. Turkish investors have been taking profits and allocating towards USD. This is totally a psychological issue, locals see the USDTRL as an actual investment vehicle, rather than a currency pair. This week the USDTRL pair saw lows of 5.50, this insinuated a sell signal for stock (along with...
ARCLK, sold-off sharply after earnings came in well under expectations, causing the equity to fall from 21.21 TRL to 17.56 TRL in just a couple of days. A bounceback in ARCLK could bring the equity back to roughly 18.75 TRL. The retracement was unexpected, while the sell-off was reasonable after the revisions for the 2019 fiscal year by management but a...
Following the 425 bps rate cut by the CBRT, the whole banking sector react positively, VAKBN, in particular over extended compared to its sector peers. Trading roughly around 5.09 TRL in the afternoon session, the equity leads banking in performance intraday. The equity could trace back to support at 4.83 TRL. Summing up, the conviction is orientated around...
Tomorrow the CBRT is expected to lower rates at a considerable amount, which in return could boost banking higher. The equity has consolidated between 9.47-9.84 TRL for around the last week or so. Priorly, we saw GARAN shoot over a gap. Could go both ways depending on the extent of the rate cut.