A Giddy Stock: Alcatel-Lucent (ALU)
Global mobile phone manufacturer and telecommunications equipment company, Alcatel-Lucent (ALU) is a tale of two tapes. What once (pre-merger of Alcatel and Lucent Technologies) was a cult stock with an interesting business in the late innings of the 90’s has since turned into a company operating a commodity business with thin margins and a stock […]
Global Equities Bid Higher Ahead Of June Jobs Report
While I don’t expect much volatility in world markets today with the absence of a liquid dollar market due to the 4th of July independence day holiday, I thought it may none the less be worth looking at a couple of noteworthy charts out of Europe. First, note that although today July 4th US markets […]
China Large Cap Stocks (FXI) Vulnerable For Further Downside
China recently lowered its annual growth rate target for the decade down to 7%. How, if at all should this reflect Chinese stock prices? I took a look at the charts of the iShares China 25 Fund (FXI), representing the large cap space, for a view from the technical front. Just like U.S. and European […]
CarMax Running Out Of Gas
Car and truck retailer CarMax Inc. (KMX) had a massive rally off the 2009 lows. In early 2009 the stock had a price tag of a mere $7.00, which over the course of four years grew to the low $40s. After consolidating for most of 2011 and 2012, the stock staged a renewed major breakout […]
More Upside For Wal-Mart
Wal-Mart Stores Inc. (WMT) bounced more than 5.00% over the past five trading sessions and is bumping up against important intermediate term resistance. The stock’s performance year to date is relatively in line with that of the S&P 500 but if it can hurdle past resistance may turn into an outperformer in the intermediate term. […]
Google: Upside Risk-Reward Much Improved
When in early-mid February the stock price of Google Inc (GOOG) went vertical and hit an all-time high just above the $800 mark, I raised my hand and discussed here (http://investorplace.com/2013/02/google-stock-needs-to-reload-after-hitting-800/) that the stock is overdue for some price consolidation. Now that the stock has consolidated and broken past recent resistance, it again looks to […]
Broker/Dealers On A Tear, Don’t Chase
Along with, or should I say, pulling the broader market along in recent weeks, the financials have been on a massive tear. Within the financials complex, the broker/dealers as measured by the AMEX securities broker/dealer index displayed an even more impressive rally; a solid 33% off the November 2012 lows. Consolidation? What Consolidation? Who needs […]
GM Stock Gone Vertical
General Motor Company (GM) had a massive rally off the July lows and now a trade may be setting up. For reference, the stock remains well off its late 2010 IPO price of $33 despite recent strength. In case you are into news-flow, both strong vehicle sales as well as statements by the U.S. government […]
Salesforce.com Still Catching Non-Believers Off-Guard
Customer relationship management software provider Salesforce.com (CRM) late last week announced its latest upbeat second quarter results, leading the stock to jump 12.55% on the day. This trend follower cult stock has won many battles with short-sellers over the years as it continues to surprise on the upside, leading to short-squeezes and new long-only money […]
Amazon Eyeing An Important Chart Breakout
Online retailing giant Amazon.com, Inc (AMZN), after pulling lower along with the broader market during part of the 2007 – 2009 financial crisis, still continues its rally off the late 2008 lows in unabated fashion. Since then the stock has lifted roughly 680% despite a few meaningful pullbacks along the way. In other words, just […]