Big lenders like Bank of America and JPMorgan Chase had blistering rallies in October and early November as investors rotated to value stocks and looked for higher interest rates. But now those hopes are fading and BAC is potentially stalling.
Some warning signs may be appearing on the BAC chart. First, its MACD has crossed to the downside. Second, it’s now...
The market saw a big shift in early September when money started pouring into “value” stocks, like banks and energy. Investors had neglected them for years and they were supposed to benefit from the U.S. and China ending their trade war. But that’s been fading in recent weeks, especially with Apple and Microsoft flying to new highs.
This hourly chart compares...
The world’s biggest coffee chain had a monster run in the first half, ripping from the mid 60s to a few cents from $100. It got a little frothy and had to pull back, but now it’s perked at the 200-day moving average and the buyers may be lining back up.
The company had a double-shot of strong earnings reports in July and October thanks to a winning blend of...
Mastercard and Visa have been two of the workhorse names in this long-running bull market. Both have been classic “secular” growth names, riding the spread of digital payments across the globe. The trend has been strong but analysts don’t see it stopping any time soon.
They’re exactly the kind of firms highlighted in William O’Neil’s classic book How the Make...
Believe it or not, housing is one of the strongest parts of the market in 2019 -- rivaling only semiconductors. Low interest rates and a lack of inventories are helping fuel the move.
The next week is big for the industry, with NAHB's sentiment index, housing starts and existing-home sales all due. Home Depot also reports earnings on Tuesday, followed one day...
Netflix has struggled for most of 2019 and now it faces the Disney+ challenge going into yearend. So far, the Magic Kingdom’s new streaming service, backed by one of the richest content libraries anywhere, has already garnered more than 10 million subscribers.
Meanwhile, the NFLX chart is showing some potential risks. It’s rebounded weakly since late September,...
Apple has been ripping thanks to strong demand for its iPhone 11. The move began in early October after suppliers reported a surge of orders. Then AAPL reported strong quarterly results on October 30 as users fell in love with wearable devices and signed up for new services.
But has the good news been priced in for now? Some chart studies show AAPL is potentially...
Facebook was trapped under $190 for almost all of August, all of September and all of October. But it broke out of the channel thanks to strong earnings two weeks ago. Now it’s pulled back and is holding that breakout point.
FB has churned for more than a year as CEO Mark Zuckerberg deals will legal issues and pushes new services like Stories and Instagram....
Today was Singles Day for cyber-shoppers in Asia. The annual event by Chinese e-commerce giant Alibaba (BABA) set another record, up 27 percent from 2018.
Earnings have beaten estimates for the last three quarters. BABA's also a key stock to watch if trade relations between the U.S. and China continue to show signs of improvement.
Still, it's been trapped in a...
Check out the pullback in Nike (NKE)! The DJIA member broke out to new highs in September on a strong earnings report. It ran to the high 90s and then stalled and retraced almost the entire move. NKE shares are now back to their $90 breakout zone, which was also resistance in April and July.
On top of that NKE is holding its 50-day moving average and has had...
Target (TGT) is one of top performers in the S&P 500 in 2019, up more than 65% YTD.
It's been a classic innovation story, with new services like same-day delivery driving growth. And now the next earnings report is in exactly two weeks. In another little noticed story, TGT is also teaming up with Walt Disney (DIS). Will that drive traffic into the holidays,...
