It's hard to say which traditional big-box is doing a better job adapting to the digital age: Wal-Mart Stores or Target . Both have successfully used online strategies to keep shoppers in their brick-and-mortar locations. That's helped avoid the kind of painful downsizing sweeping other retailers. It's paid off recently for WMT, which beat profit estimates ...
China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that...
The Nasdaq Internet (QNET) chart has broken out of a descending triangle pattern back in mid-November. It may be pulling back slightly off the 100% Fibonacci Extension level but still worth checking this industry out for potential trade ideas. The following stocks are within this industry & seem like interesting trade candidates. I would have included links to the...
Stitch Fix is down over 8% after hours. It beat analyst earnings estimates by 75%, although it slightly missed analyst estimates of revenue and customer growth (an almost negligible difference). The midpoint of its earnings guidance for 2020 was slightly above analyst estimates (again, an almost negligible difference). The reason Stitch Fix is down is that on the...
As shown in the chart, we are testing a heavy resistance tested multiple times. Technical indicators are showing mostly consolidation. If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +) Obviously breaking this resistance would be an important step towards a strong uptrend.
Ahead of earnings, SFIX got an upgrade from the analytics firm Stifel, which cited SFIX's history of strong earnings and its attractive valuation. That appears to have driven a breakout above the stock's downward trend line today. Trend line breaks are usually bullish, and can lead to big gains like the PG&E trend line break I identified the other day. Others are...
Stitch Fix plummeted today, but it's getting some late-day buying volume at this support node near 27. We could see a rebound tomorrow, forming something of a bullish bat pattern.
Ebay surged Friday on the strength of an earnings beat and a guidance upgrade, Ebay's second in a row. Ebay's core Marketplace business has struggled, but its subsidiaries are driving growth. I should have grabbed the pullback to $39 per share, but I totally missed the opportunity. Hopefully it will pull back again, and I can pick it up for $40 per share near its...
Revolve has had a rocky time since its IPO, with lots of volatility and several breaks below critical trend lines. However, this company is profitable, undervalued, and highly rated, and in my opinion it's still a great value. With Revolve having breached the bottom of its parallel channel today, it's likely to establish a new channel. I've drawn a couple...
As my followers know, I've been following Stitch Fix and Revolve as both stocks take a dive today. The plummet comes, surprisingly, just a day after strong retail sales data for June. It was the strongest quarterly retail sales growth since they started recording this data in 1992! However, that's mostly because Q1 was so weak that Q2 looks strong by comparison....
Today looks like a good entry on RVLV, with the price testing the bottom of its parallel channel. RVLV also has a volume support node at 35.27 and is close to oversold on the RSI. We just got an upward stochastic cross as well. RVLV is undervalued and has bullish analyst ratings.
The FDN (First Trust Dow Jones Internet Index Fund) which essentially covers the U.S. Internet Stocks, is now comfortably trading above the MA50 on the 1D chart on strong bullish candle action (RSI = 69.026, MACD = 2.230, Highs/Lows = 3.3271). Through this price action a strong buy signal has emerged and has to do with the similarities of the mid 2018 - 2019 price...
Stitch Fix is at support from a high-volume node on the volume profile and from its 50-day moving average. It also has some RSI support around 38. The stock just got some big analyst upgrades from Zacks and Goldman, which could serve as upside catalysts. The Internet retail sector is currently outperforming the S&P 500. S&P Capital IQ rates Stitch Fix as...
Netflix has been stuck in a horizaontal parallel channel. Indicators look mostly good, but momentum is flagging as it approaches the top of its channel. It should continue upward if it breaks 385.91 on volume.
IQ if following NFLX's IPO price action. This can be seen throughout many of China's IPO's. Expect a sideways pattern into a breakout of some crazy magnitude. If IQ's breakout is identical to NFLX (740% Increase from the first bottom after the breakout), IQ Wave #1 = $380
After 16 years of bull trend, next month can be the last of this large uptrend. Attention at the close of the next months.
Established in South Africa in 1915, Naspers Limited is a media, internet and entertainment powerhouse with a footprint in more than 130 countries, and is one of the largest technology investors in the world today. The group’s principal operations are in e-commerce, video entertainment, print and online media. Naspers shares have continuously been one of the JSE...
Technical Analysis: 1. KWEB (Chinese Internet ETF): Expect a relief bounce here for Chinese Internet stocks ( BABA BIDU JD ) with a Hong Kong ( HKDOW ) & Shanghai ( DJSH ) market rally. a. Holding 200weekSMA and 50monthSMA support here at $44 with record volume twitter.com b. Very oversold on weekly timeframe c. Strong price support at...