Choppy Trading For Ebay Continues
eBay Inc. (ebay), the online goods trading community, reported its second quarter results yesterday July 18th but thanks to disappointing guidance the stock fell 6.73% on the day. The day’s sell-off brought the stock right back into the middle of its year to date trading range, which however from a multi-year perspective doesn’t throw […]
Game Over For Toy Stocks?
Toy makers Hasbro, Inc. (HAS) and Mattel, Inc (MAT) saw stellar gains in the year to date rally, the going however has gotten significantly choppier since the May 22nd highs in the S&P 500 and again yesterday, July 17th when Mattel, Inc (MAT) reported its latest earnings. Second-quarter net income for the company slipped 24 […]
End Of The Rally For Tesla Motors, Inc?
Tesla Motors, Inc. (TSLA) couldn’t get out of its own way yesterday Tuesday July 16th and after it was all set and done closed the day lower to the tune of 14.80%. The culprit? A stock and group downgrade note by Goldman Sachs (GS). Through a multi-year perspective note that the stock traded in an […]
ConocoPhillips Makes It Fourteen Straight Up-Days
Oil and natural gas exploration and production giant ConocoPhillips (COP), along with the broader market rallied strongly off the June lows. On a daily closing basis the stock rallied just about 10% in a straight line, or, in fourteen consecutive up days. As an aside, the S&P 500 has now rallied nine straight days and […]
Consumer Discretionary Sector Overheated
The massive run higher off the 2009 lows in stocks has been well documented and according to the latest investor surveys is shaping more bears into bulls on a daily basis. One sector with a particularly nutty stretch (i.e. steep rally) since then is the consumer discretionary stocks here-forward represented by the SPDR Consumer Discretionary […]
AMZN – No Reason To Chase At These Levels
On July 3rd I mused here (http://investorplace.com/2013/07/amazon-should-make-a-run-to-300/) that ‘Amazon Should Make a Run to $300.’ Now, six full trading sessions later Amazon.co, Inc (AMZN) has hit and even marginally exceeded my $300 price target and it’s time to revisit the charts. In short, the 8.30% rally since July 3rd has pushed the stock into overextended […]
Apple Riddled With Lousy Price Action
When I last chimed in on Apple (AAPL) on May 28th (here: http://investorplace.com/2013/05/apple-stay-bullish-above-430/) the stock had shown some positive signs, yet not enough to make me a compelled buyer. More specifically I wrote that: ‘As long as Apple can hold above $430, it favors an eventual push higher past the 100-day moving average and early May highs […]
Will Oil Break Past $100?
On May 31st I discussed gasoline prices for the summer driving season (here: http://investorplace.com/2013/05/where-will-gasoline-prices-go-from-here/) and used the U.S. Oil Fund (USO) as a proxy for oil prices. Over the past four days the price of light sweet crude oil has risen and is slowly pushing toward the $100 mark again, sparking my interest to take […]
Russell 2000 Ripe For Another Leg Lower
After a final rally higher off the April lows, the iShares Russell 2000 Index Fund (IWM) put in its year to date high on May 22nd, along with the S&P 500. Over the next few weeks of trading two things changed notably: 1) intraday volatility in equities spike higher, indicating increasing nervousness on part of […]
Market Outlook Wednesday June 26th
Welcome to hump day, which given where the market currently sits may just offer traders a curve ball or two. Since we never know what the outcome of any given trade will be, my mantra of dealing with this uncertainty is to fully embrace it. If we fully embrace the inherent uncertainty in trading, then […]