The best large cap sector is utilities. The top scoring industry is cigarettes. The average large cap score is 58.16 and the score over the past four weeks averages 60.96. The typical large cap stock in our universe is trading -12.09% below its 52 week high, 2.21% above its 200 dma, has 2.56 days to cover short, and is expected to grow EPS by 13.14% in the coming year. The strongest scoring sector is utilities. Technology, healthcare, and industrial goods also score strong. Financials, services, consumer, and basics score below average. The following stocks score best and worst in large cap this week. The next chart provides insight into sect...
EUR/USD 4 hour The EUR/USD broke above the resistance trend line (dotted red) as expected which could signal a larger retracement within wave 2 (brown). Price could head back to 1.0750-1.0775 at the 50-61.8% Fibonacci levels. 1 hour The EUR/USD break above the resistance trend line (dotted orange) which could trigger the development of an ABC (purple) zigzag. GBP/USD 4 hour The GBP/USD is challenging the resistance trend line (brown) which is a bounce or break decision zone. A bearish bounce could price fall towards the Fibonacci levels of wave X (orange) whereas a bullish breakout could see price complete wave Y (blue). 1 hour The GBP/USD is...
Bear trap in the form of a dead cat bounce Yesterday proved that trying to play the short side of this market so far this month and not aggressively taking gains along the way was a futile approach. With just yesterday’s dead cat bounce, the market managed to wipe out a majority of the losses on the month so far. And when you consider that 7 out of the 9 trading sessions so far this month were down or flat, that is an impressive feat. Ask yourself, does the market have a lot of fear? A lot of panic? Then it probably isn’t the best market for heavily shorting. Meaning there isn’t a lot of emotion in the market. Sure the bea...
US Industrial Production peaked in November 2014 and remains down almost 2% from those record highs (despite surging stocks). This has never happened without the US economy being in recession in history. While Industrial production headlines met expectations, factory output for March plunged 0.4% – the biggest drop since Feb 2015. Still who needs ‘production’ when we have Snapchat and Netflix!??...
If the latter part of 2016 was one to forget for gold bugs, the start of 2017 has certainly been one to remember with the precious metal finally finding some much needed bullish momentum. The recovery in gold, which has seen it move off the lows late 2016 and the $1130 per ounce area to currently test the $1300 per ounce area, has been driven by three distinct and very different forces. First, of course, comes the impact of the US dollar, which continues to trade with an increasingly bearish sentiment on the slower timeframes, as disunity in the FED, coupled with disbelief from the markets and statements of a weaker dollar from Trump Towers, ...
GNC Holdings, Inc. (GNC – Free Report) is a leading global specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (“VMHS”), sports nutrition products and diet products. The company has a worldwide network of more than 8,900 locations. Currently, GNC Holdings has a Zacks Rank #5 (Strong Sell) but that could change following its promising first quarter 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here).We have highlighted some of the key details from the just-released announcem...
CAD/JPY can be trading in the final stage of an ending diagonal, with price particularly trading in final sub-wave C of 5). As such a significant turning point higher may be around the Fibonacci ratio of 261.8 level, from where a five wave rally would signal more gains to follow. CADJPY, 1H...
Earnings season has commenced again. And investors tracking specific stocks will be keenly monitoring whether select stocks outperform or underperform consensus estimates for Q1 2017. In general, the mood is optimistic: “Revenue and earnings are expected to trend upwards,” wrote Terry Sandven, US Bank Wealth Management chief equity strategist. “We continue to look for equities to grind higher as earnings trend upwards.” For investors looking for fresh investment inspiration, TipRanks’ earning calendar is the perfect tool. Unique stock analysis insights are incorporated into the calendar via the analyst consensus rating and the a...
W.W. Grainger, Inc. (NYSE:GWW) early Tuesday posted weaker than expected first quarter earnings results and slashed its full-year outlook, as it’s been forced to cut prices on various items in order to better compete in a tough business landscape....
Cardinal Health (CAH) announced that it has entered into a definitive agreement to acquire Medtronic’s (MDT) Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1B in cash. The purchase price does not include cash tax benefits of at least $100M. The acquisition is expected to be financed with a combination of $4.5B in new senior unsecured notes and existing cash. The transaction is expected to close in the first quarter of Cardinal Health’s fiscal year 2018, subject to customary closing conditions, including regulatory clearances. T he Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency ...