Shares of optical component maker Finisar (FNSR) have been weak since the open today after MKM Partners lowered estimates, pointing to its “surprisingly negative” channel checks. SURPRISING NEGATIVE: A recent look by MKM Partners revealed some “surprisingly negative” headwinds for the communications equipment maker, said MKM analyst Michael Genovese in a note out earlier. The analyst voiced concern on a number of fronts, “including China, for all products and 10G Datacom and Fibre Channel/SAN in the U.S. and Europe.” Genovese sees fourth quarter demand in China weak due in part to lower demand from Huawei w...
Trump pushed severeal markets higher in November which is what most tend to call the ‘Trump effect’. We observed that primarily a market sector rotation took place: the Trump effect resulted in value outperforming growth. For April 2017, we forecasted that Trump effect on markets would continue based on 5 charts. So far so good, but the key question is how readers can monitor for how long this effect will continue. At a certain point, the Trump effect on markets will fade. The answer to that question is this: follow the industrials stock market sector in relation to the stock market index. In terms of stock market symbols: follow the ...
Written by StockNews.com CSX Corporation (Nasdaq: CSX) late Wednesday posted better than expected first-quarter earnings results, as higher revenues and cost cuts bolstered its top and bottom line. The Jacksonville, FL-based railroad operator reported: Q1 earnings per share (EPS) of $0.51, which was $0.08 better than the Wall Street consensus estimate of $0.43. Revenues rose 9.6% from last year to $2.87 billion, also topping analysts’ view for $2.76 billion. CSX said the revenue gains were driven by volume growth across most of the markets it services, better pricing, increased fuel recovery, and a favorable shipping mix. Rail volumes in Q...
Energy investors wrote off Canada’s tar sands after oil prices plummeted 50% between 2014 and 2016. Even though the tar sands are loaded with a potential 300 billion barrels of oil, extracting the oil out of the sand is a costly, unprofitable process without higher oil prices. Until now… You see, one company operating in the tar sands has developed a radical new technology that’s slashing the cost of tar sands production. This revolutionary breakthrough is turning the tar sands into a hugely profitable opportunity for investors. Wall Street analysts are even forecasting this tar sands could soar 70% higher this year. A...
Video length: 00:12:58 Stocks opened higher this morning shaking off more bad earnings this time from IBM. However, as the trading day progressed indices so lower highs and lower lows into the close. Oil sudden tumble midday sent shockwaves into the rest of the market. In tonight’s video, we will identify the single best opportunity in the market right now!...
Defensive sectors are on the rise and already control the top of the rankings. Real Estate, one of the new-era defensive sectors, has joined Utilities at the pinnacle, and the traditional defensive sector of Consumer Staples sits in third. None of the factor ETFs were able to increase their momentum scores this past week, and the top of the global rankings remains a tight race. Sectors: Last week, the primary discussion was the rise of Real Estate, as it climbed four spots higher and into the upper echelon. Today, Real Estate sits two notches above last week’s position, and it is now in a tie with Utilities for first-place honors. Traditi...
If the market is in a correction, how severe will it be? I have never been very good at determining price targets, but I think the moving averages are a good starting point. At the moment, the decline from the 50-day to the 200-day would be about a 5% decline. That sounds about right to me in terms of a percentage decline. But I should mention that many of these corrections only give you a very brief window to take advantage such as early November. It is really tough to buy at the lows because you really don’t know that prices won’t just keep going lower. To decide if the market is near a buying point, I like to look for significa...
The Chart of the Day belongs to Everi Holdings (EVRI). I found the gaming and payments stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 1/18 the stock gained 142.91%. Everi Holdings Inc. is a holding company which operates through subsidiaries, Global Cash Access, Inc. and Multimedia Games Holding Company, Inc. The Company’s segments include Games and Payments. Global Cash Access, Inc. provides integrated gaming payments solutions, video and mechanical reel gaming content and...