Forex News 24 |
- Toll Brothers Earnings: TOL Stock Down Despite Q2 Income Growing 15% Toll Brothers Earnings: TOL Stock Down Despite Q2 Income Growing 15%
- Retail Sector Slides Amid a Series of Missed Earnings
- Scoop Up This Chip Stock on the Dip
- Nordstrom Earnings: JWN Stock Slides as Q1 Sales, Profit Miss the Mark Nordstrom Earnings: JWN Stock Slides as Q1 Sales, Profit Miss the Mark
- EUR/USD 5 Star Buy Signal | Fundamental + Technical Analysis
- Gold Price Edges Lower in Range as Gold Volatility Sinks
- 3 Bearish Takeaways From the Tilray Earnings Report
- TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment
- 5 Top Stock Trades for Wednesday: JCP, TSLA, TJX
- 5 Great Tech ETFs That Aren’t the XLK
| Posted: 21 May 2019 03:14 PM PDT Hits: 4 Toll Brothers (NYSE:TOL) unveiled its quarterly earnings figures late today, bringing in a profit that was stronger than it was during the year-ago quarter, while home sales revenue surged 7%, yet TOL stock took a hit after hours Tuesday.
The Horsham, Penn.-based home construction business posted net income of $129.3 million for its second quarter of its fiscal 2019, roughly 87 cents per per share diluted. This was a 15.65% gain over its year-ago net income of $111.8 million, or 72 cents per share diluted. Toll Brothers added that its pre-tax income gained 15% year-over-year to $176.2 million, topping the $152.7 million from the year-ago quarter by 15.39%. Its home sales revenues were up 7% when compared to the year-ago quarter to $1.71 billion, while home building deliveries increased 1% year-over-year to 1,911. The company added that income from operations amounted to 9.4% of total revenues, while its net signed contract value was $2 billion, down 16% year-over-year. Toll Brothers' contract units were down 9% to 2,424, while backlog value at the end of the period was $5.66 billion, declining 11% year-over-year. Units in backlog came in at 6,467, falling 8%, while home sales gross margin came in at 19.7%. Its adjusted home sales gross margin, which excludes interest and inventory write-downs, tallied up to 23.5% for the three-month period. TOL stock is down about 3.5% after hours following the company's quarterly earnings results, which included mixed results including an earnings increase and a decrease in contract units. Shares had been gaining roughly 2.2% during regular trading hours. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retail Sector Slides Amid a Series of Missed Earnings Posted: 21 May 2019 03:11 PM PDT Hits: 10 S&P 500 Outlook Talking Points:S&P 500 Outlook: Retail Sector Slides Amid a Series of Missed EarningsTuesday trading saw the S&P 500 close comfortably higher after the United States Commerce Department offered a licensing extension to Huawei. Elsewhere, a mixed bag of earnings from Home Depot, JC Penny, Kohl's and Nordstrom offered their own influence on the Index. While share performances from the companies were mixed, weakness was widespread and a familiar theme rang true throughout. Home DepotShares of Home Depot (HD) traded higher in Tuesday's session – despite a tough quarter by many metrics. The company blamed poor weather conditions, labor shortages and weak lumber prices for their in-store sales miss which increased just 2.5% compared to analyst expectations of 4.2%. Alongside weather, labor and lumber, the company warned of the potential impact from the US-China trade war. View A Brief History of Trade Wars for background on economic conflicts like the US-China Trade War. Edward Decker, executive vice president of merchandising for Home Depot sad the latest round of tariffs on Chinese goods would raise the annual cost of goods sold by about $1 billion. "We haven't worked through what we will do if the cost increase comes to us. Sometimes when we have cost increases, we pass it through in retail prices, sometimes we don't" he said on a conference call. Home Depot said it already saw a $1 billion impact from US tariffs in 2018. Despite the possible $2 billion hurdle, Mr. Decker said the total was manageable. Home Depot (HD) Price Chart: Daily Time Frame (September 2018 – May 2019 ) (Chart 1) JC PennyJC Penny (JCP) traded near its all-time low of $0.94 a share on Tuesday after warning of a "meaningful impact" on its private and national brands from the next round of tariffs on China. JCP CEO Jill Soltau said the tariffs that were already in effect have had a minimal impact on business, but the company would continue to work on "de-risking efforts" with suppliers. JC Penny (JCP) Price Chart: Daily Time Frame (September 2017 – May 2019) (Chart 2)
Kohl'sKohl's (KSS) suffered a similar fate in Tuesday trading but offered no commentary on the US-China trade war. Same-store sales fell -3.4%, compared to analyst expectations of just -0.2%. In turn, the retailer slashed guidance. On the back of this news, KSS shares slid to their lowest since January 2018 and suffered their largest lower gap since January 27 at -12.15%. Kohl's (KSS) Price Chart: Daily Time Frame (December 2017 – May 2019) (Chart 3)
NordstromFinally, Nordstrom (JWN) weighed in with its own disappointing results. Consequently, the company cut guidance and JWN shares traded to their lowest since September 2010 in response. The company did not, however, blame or comment on the US-China trade war. Instead, JWN executives pointed to "softer trends and executional issues" for the quarterly underperformance. Nordstrom (JWN) Price Chart: Weekly Time Frame (January 2009 – May 2019) (Chart 4)
Retail Sector Falters on Widespread WeaknessFollowing the sector-wide miss, the XRT retail-tracking ETF traded at its lowest ratio to the S&P 500 since June 2009. While each company offered silver linings in their respective reports, the industry has been slow to adapt to Amazon's disruption and the US-China trade war is yet another headwind for an already struggling space. XRT ETF Price Chart: Weekly Time Frame (January 2008 – May 2019) (Chart 5)
Ratio of XRT ETF to SPX overlaid in red For the S&P 500, retail weakness was overshadowed by tech and semiconductor strength amid the Huawei licensing extension. Now the Index must negotiate Wednesday's release of Fed minutes from the FOMC meeting earlier this month. From a technical perspective, the Index rests narrowly beneath the 38.2% Fibonacci retracement from March's lows to May's high. Ahead of the Fed minutes, follow @PeterHanksFX on Twitter for equity insight. S&P 500 Price Chart: 1 – Hour Time Frame (May 2019) (Chart 6)
–Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide. http://platform.twitter.com/widgets.js Can you get comfortable from fx trading? The solvent is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is spread in forex 1 clam river, netdania forex, traverse ladened plus of the forex system indicators, and modify the program fx strategy. We testament win win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Scoop Up This Chip Stock on the Dip Posted: 21 May 2019 03:09 PM PDT Hits: 12 Tech stocks enjoyed a big rebound today
Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 21 May 2019 02:39 PM PDT Hits: 7 Nordstrom (NYSE:JWN) unveiled its latest quarterly earnings results late today, bringing in a profit that was below what analysts called for, while its revenue was also below the mark, playing a role in sending JWN stock down after hours Tuesday.
Nordstrom also failed to live up to expectations as the Wall Street consensus estimate predicted earnings of 42 cents per share, according to data compiled by FactSet in a survey of analysts. Revenue was also underwhelming as the company's sales tallied up to $3.4 billion, a 5.6% slide from the $3.6 billion of the year-ago period. Wall Street saw the business bringing in revenue of $3.6 billion, according to the FactSet survey. Nordstrom said in a statement that it "began taking steps to drive improvement, which include: resolving executional issues associated with the launch of its enhanced loyalty program; further investing in its digital marketing; and re-balancing its merchandise assortment to better align with customer expectations." JWN stock is sinking roughly 8.1% on Tuesday after the bell following the news of its earnings and sales misses and year-over-year declines. Shares had been gaining more than 1% during regular trading hours for Nordstrom. Article printed from InvestorPlace Media, https://investorplace.com/2019/05/nordstrom-earnings-jwn-stock-2/. ©2019 InvestorPlace Media, LLC Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EUR/USD 5 Star Buy Signal | Fundamental + Technical Analysis Posted: 21 May 2019 02:37 PM PDT Hits: 2
Fundamental: EUR steadied as Germany’s PPI index performed better than expected showing a 0.5% increase, surpassing estimates of a 0.2% increase. However, recovery for the region remains fragile as trade tensions between China and US escalates. Zhang Ming, China’s envoy to EU indicated that China will retaliate against Trump’s recent order to restrict Huawei and ZTE corporations from doing business in US and warns of China’s unwavering resolve to fight US bullying saying that “We’ve been holding for 5000 years, why not another 5000 years?” Meanwhile, Trump vowed to prevent China’s economy from surpassing US, indicating that he is “very happy” with the trade war. With the trade negotiations collapsing entirely and world’s 2 largest economies showing signs of a slow down, as seen in the latest retail sales data, this could hamper EU’s recovery in the manufacturing sector and stall economic growth with its heavily export-dependent economy. Elsewhere, rising populism added to the weakening sentiment as Italy’s ruling populists have repeatedly threatened to break European Union’s budget rules and a strong performance by Salvini could spur greater volatility for the currency as it would mean another budget clash with the European Commission, adding on the global uncertainty. Italy market would also take the biggest hit with Salvini’s emergence as “it implies persistent widening pressure on Italian bonds, with investors using relief phases to offload risks rather than treating dips as buying opportunities” according to Michael Leister, head of rates strategy at Commerzbank AG. Technical: Entry: 1.1136 Stop loss : 1.1117 Take profit : 1.1174 Today we’re seeing that EUR/USD is very close to major support at 1.1136 and a strong bounce could occur from here pushing prices up to our 1st resistance level at 1.1174. It’s important to note that Stochastic is also at a corresponding support level which increases our confidence on this trade. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gold Price Edges Lower in Range as Gold Volatility Sinks Posted: 21 May 2019 02:11 PM PDT Hits: 11 Gold Price Talking Points:
Looking for longer-term forecasts on Gold and Silver prices? Check out the DailyFX Trading Guides. The return of uncertainty over the US-China trade war negotiations initially proved bullish for safe haven assets like the Japanese Yen and US Treasuries. But amid a return of US Dollar strength alongside the bid in safe havens, gold prices have been hobbled in recent days, effectively neutralizing bullion's appeal during a time of risks seemingly rising everywhere around the globe. Shortly after hitting an all-time low on May 3, GVZ, the measure of 1-month implied Gold volatility, rebounded to a four-week high as new developments in the US-China trade war spooked investors globally. While rising volatility is usually seen as a disconcerting development for prices, gold benefits from rising volatility: higher levels of uncertainty increase the safe haven appeal of gold. GVZ (Gold Volatility) Technical Analysis: Daily Price Chart (May 2018 to May 2019) (Chart 1)Keeping this relationship between gold prices and gold volatility in mind, the past few weeks have seen measures of gold volatility fall, and in turn, the appeal of Gold wane. GVZ peaked on May 13, and gold prices hit their monthly high the following day; as gold volatility has quickly slumped back towards its all-time low, the Gold price breakout from early-May has failed in turn. Gold prices remain within the range carved out between 1266.18 and 1288.58 from April 15 to May 13 after having returned to said consolidation last week. Typically, when false breakouts occur, we see price return to the other side of the consolidation; we thus can't rule out a further drop in gold prices towards the consolidation support – particularly if Gold volatility continues to head lower. Gold Price Technical Analysis: Daily Chart (April 2018 to May 2019) (Chart 2)
In early-May, gold prices attempted to climb through four-week consolidation resistance above 1288.58, and for several days, it appeared that a bullish breakout was gathering pace; the downtrend from the February and March swing highs was temporarily broken as well. Nevertheless, the gold price forecast is still neutral so long as the range is in place; the breakout is on hold for now. Should gold prices move above 1288.58, we would again be looking at topside break of the consolidation as well as the downtrend from the February and March 2019 highs, while, a drop below 1266.18 would constitute a downside break of the consolidation as well as the uptrend from the late-2018 swing lows. IG Client Sentiment Index: Spot Gold Price Forecast (May 21, 2019) (Chart 3)
Spot gold: Retail trader data shows 79.3% of traders are net-long with the ratio of traders long to short at 3.83 to 1. The number of traders net-long is 3.9% lower than yesterday and 11.2% higher from last week, while the number of traders net-short is 3.2% lower than yesterday and 26.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests spot gold prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed spot gold trading bias. FX TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. — Written by Christopher Vecchio, CFA, Senior Currency Strategist To contact Christopher Vecchio, e-mail at cvecchio@dailyfx.com Follow him on Twitter at @CVecchioFX View our long-term forecasts with the DailyFX Trading Guides http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3 Bearish Takeaways From the Tilray Earnings Report Posted: 21 May 2019 02:03 PM PDT Hits: 8 Last week's earnings report for cannabis company Tilray (NASDAQ:TLRY) got a nice reception from Wall Street. On the news, the shares rose about 5%. But the gains would not last. The Tilray stock price has since dropped off, hitting near a 52-week low.  Source: Shutterstock This is certainly a big let down from the company's explosive IPO, which happened in July 2018. Keep in mind that TLRY stock soared from $17 to $300! But in the wild-west of the cannabis industry, success can be fleeting. As of now, TLRY stock is at $44. This is a grueling 85% off from its all-time high. Despite this, the valuation is still far from cheap, as the price-to-sales ratio is 75x and the market cap at $4.2 billion. But valuation is not the only issue. For the most part, there are various other fundamental problems with TLRY stock. So let's take a look at three that stand out: Tilray Stock Problem #1: ProductionIt's true that Tilray is growing at a blistering pace. In the quarter, sales spiked by nearly 200% to $23 million. The legalization in Canada — for recreational use of marijuana — has definitely been a game changer. But when you look deeper into the numbers from the quarterly report, there are some nagging red flags. First of all, the losses have escalated, coming to 32 cents a share in the quarter. This was up from 7 cents a share in the same period a year ago. True, when a company is in the hypergrowth phase, there is a need to ramp up expenditures. Yet there is something more to the story. Consider that the company relies heavily on third-parties for production, which adversely impacts gross margins. In the quarter, Tilray sold 3,012 kilograms while Canopy Growth (NYSE:CGC) sold 10,102 kilograms. What's more, about $5.6 million in sales came from the recent acquisition of Manitoba Harvest, which sells hemp food products. So if supply constraints persist, this will inevitably weigh on growth. Something else: The medical business for Tilray has shown little traction, despite the investments. International sales also remain minimal at $1.8 million. Tilray Stock Problem #2: Market DynamicsWhat often gets lost in cannabis investing is that the industry is commodity based. In other words, there can easily be surpluses, which drive down prices. This is why scale and diversification are critical for success. But with Tilray, there are troubling signs with the overall market. During the past year, the average selling price per gram has gone from $5.94 to $5.60. Granted, this may turn out to be temporary. Then again, with the strong interest in the cannabis industry, it does seem reasonable that supply could get overextended. According to the 10-K for the company: "Despite the legalization of medical and adult-use cannabis in Canada, black market operations remain abundant and are a substantial competitor to our business." Tilray Stock Problem #3: Strategic PartnershipsPartnerships will be another key piece for winning the cannabis opportunity. As for Tilray, it has struck some interesting deals, such as with Novartis (NYSE:NVS) and Anheuser Busch Inbev (NYSE:BUD). But these deals are not transformative. After all, CGC and Cronos Group (NASDAQ:CRON) have snagged billions from operators like Constellation Brands (NYSE:STZ) and Altria Group (NYSE:MO). Actually, the deals are about more than the money. They will allow for leveraging brands and global distribution. In the Tilray earnings call, CEO Brendan Kennedy did remark:
This is fine. But why is he waiting to pull the trigger on a mega deal? Given how fast the industry is moving, Kennedy's lack of action to do so seems limiting — and could ultimately make it tougher to catch up. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. http://platform.twitter.com/widgets.js Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TSLA, Uber Stock Troubles Could Signal Shifting Tech Sentiment Posted: 21 May 2019 01:29 PM PDT Hits: 15 TSLA, Uber Stock Trouble Talking Points:
TSLA, Uber Stock Troubles Could Signal Shifting Tech SentimentWith trade war tensions and geopolitical themes at large, the less explosive but ever-present theme of monetary policy has momentarily taken the back seat – just a day before Fed minutes are due. While traders will look to tomorrow's event for an update on the central bank's policy leanings, some investors have already begun to unwind their riskier allocations as monetary policy constricts – relative to recent years. In turn, some of the loftier valuations on the Street have started to come back to Earth. One such example may be Tesla (TSLA), a pioneer of the electric vehicle space and darling of financial news media. Data source: Bloomberg Elon Musk's Tesla Motors is one of the worst performing stocks on the Nasdaq 100 in the year-to-date, currently 35% lower than it opened on January 2. Shares were pressured further in Tuesday trading after Morgan Stanley analysts said the stock could trade as low as $10. Currently trading near $200, Tesla shares are at their lowest price since mid-December of 2016. In that same span, the S&P 500 has climbed more than 40%. While many investors have always had underlying concerns regarding the company's profitability outlook, it seems the current state of the stock market has pushed some speculators past their comfort level. It could be argued the recent Uber IPO is another instance of this shifting sentiment. Uber Finds Few IPO RidersIn one of the biggest and most anticipated IPOs in recent years, Uber began trading publicly on May 9. Long hailed as an intriguing investment opportunity, the company found few buyers on opening day – trading beneath its opening price. The ride-hailing service has many of the same symptoms as Tesla, uncertain profitability and spending problems. In its prospectus, Uber revealed it loses $1.8 billion a year and may not turn a profit for years to come. That said, the jury is still out on Uber, but the initial signs do not exude signs of confidence. The lack of demand for these fringe tech-stocks appears to contrast with months and years prior when investors were willing to stomach the heightened risk brought about by their uncertain profitability. Now that quantitative easing is out of the picture and interest rates have crept higher, some market participants now see valuations that were once acceptable as bubble candidates. With many worrying about general market valuation, the "froth" at the top may continue to see pressure – similar to the Tech Bubble in 2001. Still, there are arguments to be made for the other side. In 2015, Janet Yellen expressed concern of stock market valuations as she left her post as Chairwoman of the Federal Reserve. In an interview with CBS on February 5, 2018 – a day during which the Dow Jones plummeted 666 points – Mrs. Yellen had this to say of the stock market. "Well, I don't want to say too high. But I do want to say high. Now, is that a bubble or is it too high? And there it's very hard to tell. But it is a source of some concern that asset valuations are so high." Since then, the S&P 500 has climbed 8.15% and the Dow Jones 6.15% – a statistic some market participants may cite to fuel further speculation. That said, headwinds continue to mount the monetary policy conditions are materially tighter. The combination of valuation, waning easing and global economic headwinds have begun to weigh on the most vulnerable and should the trend progress, more established companies in the technology sector may begin to feel pressure. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: USDCAD: USD Eyes Powell & Fed, CAD Climbs on USMCA & Oil DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide. http://platform.twitter.com/widgets.js Can you get comfortable from fx trading? The solvent is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is spread in forex 1 clam river, netdania forex, traverse ladened plus of the forex system indicators, and modify the program fx strategy. We testament win win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5 Top Stock Trades for Wednesday: JCP, TSLA, TJX Posted: 21 May 2019 01:27 PM PDT Hits: 10 U.S. stocks bounced back on Tuesday, with an increasing number of traders talking about choppy market conditions. Without a change in trade-war rhetoric — either good or bad — it's hard for the market to gain much momentum in either direction. Let's look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow #1: TJX CompaniesTJX Companies (NASDAQ:TJX) beat on earnings expectations and raised its outlook. Shares are about flat on the day despite its report, although it's now well off the lows. It doesn't help that the retail sector is mixed following Tuesday's earnings releases. For TJX, it's a best-in-breed name that's clinging to its 50-day and 20-day moving average. It's also holding that gap-up level near $52. So long as that remains the case, bulls can stay long TJX. Below and it gets more iffy. If that's the case, see how it handles Tuesday's low and the 200-day moving average. If it fails as support, sub-$50 could be the way. Should TJX can maintain current levels, see if it can rally to resistance near $55 to $56. Momentum and the RSI (blue circles) are starting to move in bulls' favor. Top Stock Trades for Tomorrow #2: Tesla
We took a longer-term look at this one last week, but the continued selling pressure in Tesla (NASDAQ:TSLA) is forcing us to take another look. This time, it's after Morgan Stanley analysts give their new opinion on the stock, which includes a "bear case" price target of $10. (Psst…was Apple (NASDAQ:AAPL) thinking about buying Tesla a few years ago? Reportedly, yes!) The stock broke below its downward channel last week, as Tesla dove below $200. However, it's putting together a nice two-day range. I like two-day ranges because it gives both buyers and sellers a level to measure against. Over the two-day high — currently $207.40 — and investors can look for TSLA to move higher. Upside targets include the gap fill just over $210, Friday's high at $222.25 and the next gap fill up near $227.50. The middle of those three targets would be a test of prior channel support. Below the two-day low of $195.25 and we can get a break lower if TSLA stock does not reclaim this mark in the session. Top Stock Trades for Tomorrow #3: AutoZone
The $980 level held as support while AZO is now smashing through the 20-day and 50-day moving averages. The RSI and MACD (blue circles) shows there is plenty of room for bulls to run if they can maintain momentum. If AZO can push through $1,040, $1,075 could be the next target. I want to see shares hold $1,000 now. Top Stock Trades for Tomorrow #4: J.C. PenneyJ.C. Penney (NYSE:JCP) is down about 8% after reporting earnings and flirting with a decline below $1. Shares are also on the cusp of falling below downtrend support. If it does, look for a retest of the December lows. If channel support holds, a rebound up to $1.20 is possible. I am not a big supporter of trading JCP stock, as it's often too volatile and there are almost always better candidates in the market. Top Stock Trades for Tomorrow #5: NordstromNordstrom (NYSE:JWN) will report earnings on Tuesday after the close, while investors continue to digest retail earnings. $36 has been a decent level of support and JWN has come down big ahead of the print. Its legacy business may struggle, but perhaps Rack can save the overall results. Still, retail isn't getting much love and it's hard to be super bullish into the print. Below $36 could call upon the $32 to $34 range, while a rally could send JWN up to the $40 to $41 level. That's prior channel support and the 20-day moving average. See if this area is reclaimed or if it acts as resistance. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. http://platform.twitter.com/widgets.js Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5 Great Tech ETFs That Aren’t the XLK Posted: 21 May 2019 12:43 PM PDT Hits: 7 There are some ETFs that are clearly investor and trader's favorites. When it comes to tech ETFs, the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is the runaway leader. The XLK covers all the major tech stocks in the S&P 500 and includes plenty of top hardware, software, semiconductors and services muscle. Add in its low expense ratio as well as its nearly 4 million shares per day trading volume and it's easy to see why investors have put more than $20 billion in the ETF. However, as awesome as the XLK is as a core tech fund, it isn't the only fish in the sea. There are plenty of other tech ETFs out there. And in many cases, these specialized ETFs may offer something better than the popular XLK. Investors just gravitating to the XLK may actually be doing themselves a disservice. Thinking outside the box could lead to better returns. But what other tech ETFs are worthy of your time? Here are five that could give the popular XLK a run for its money. Invesco S&P SmallCap Information Technology ETF (PSCT) Source: Shutterstock Perhaps one of the biggest hits against the XLK is that it's full of the big boys — the Microsofts (NASDAQ:MSFT), the Alphabets (NASDAQ:GOOG), etc. There's nothing wrong with these stocks, it's just many of the current and future leaders in tech are actually much smaller. And in this case, if you're looking for pure growth, then small-cap tech stocks should be where you focus your attention. And that's why the Invesco S&P SmallCap Information Technology ETF (NYSEARCA:PSCT) should be on your list. PSCT is just like the XLK, only this time it tracks all the tech stocks in the small-cap focused S&P 600. This currently includes 88 different stocks. Top holdings include networking equipment maker Viavi Solutions (NASDAQ:VIAV) and cloud computing communications firm 8×8 Inc (NASDAQ:EGHT). The makeup of the ETF a bit different as well — with electronic components and semiconductors making up the top sector weightings. That makeup and focus on smaller tech stocks haven't hurt the ETF on the performance front. PSCT has managed to post an average annual return of 15.45% over the last five years. That beats the broader S&P 600 and comes close to the XLK's performance. All in all, with more than $300 million in assets and a low 0.29% — or $29 per $10,000 invested — expense ratio, the PSCT is one of the best tech ETFs outside the XLK. ARK Innovation ETF (ARKK) Source: Shutterstock Active management works and can beat indexing when a) fund managers keep their funds small and b) when they take concentrated bets in only a handful of stocks. And that's just what Catherine Wood and her team do at the ARK Innovation ETF (NYSEArca:ARKK). ARK looks for stocks conducting so-called "disruptive innovation". Basically, any new technology that potentially changes the way the world works. The firm focuses its attention on four core areas — the genomic revolution, industrial innovation, the next generation internet and fintech innovation. From here, Wood will select the best ideas and run a pretty concentrated portfolio usually just 35 to 55 stocks. And she tends to sticks to her guns. For example, Wood has been buying tons of Tesla (NASDAQ:TSLA) during its latest meltdown. Say what you will about Wood and her views on TSLA. But the concentrated strategy has worked for ARKK. Over the last 3 years, ARKK has managed to post a whopping 36.70% average annual return. That smashes the XLK over that time by a wide margin. Perhaps the only downfall for ARKK is that its rather expensive at 0.75% in annual costs. However, if Wood can keep up the gains, that's a small price to pay to own one of the best performing tech ETFs out there. iShares Exponential Technologies ETF (XT) Source: Shutterstock If you like the idea of innovation and transformative tech, but don't think an active manager can make the right calls, then the iShares Exponential Technologies ETF (NYSEArca:XT). XT uses an index approach to get the job done. XT tracks the Morningstar Exponential Technologies Index. Exponential technologies are defined as advances which "displace older technologies, create new markets and have the potential to create significant positive economic benefits." This includes everything from 3-D printing and robotics to genomics/personalized medicine and data mining. The beauty is that XT doesn't just track strictly tech stocks like the XLK. It looks at all sectors to find these disruptors. There's plenty of industrials, healthcare and even real estate firms in the ETF. The fund currently 200 different global stocks — with top holdings including ServiceNow (NYSE:NOW), Align (NASDAQ:ALGN) and First Solar (NASAQ:FSLR). Performance wise, XT has been great. Through the end of April, the ETF has managed to produce an 18.70% annual return over the last three years. That's not too shabby. Even better is that XT has been less volatile than some other tech ETFs including the XLK. This is due to it not focusing purely on tech. Either way, with expenses clocking at 0.47%, XT makes a great choice for those investors looking to add some tech ETFs to their portfolios. First Trust ISE Cloud Computing Index Fund (SKYY) Source: Shutterstock Perhaps one of the biggest and most immediate advances in the tech sector has to be cloud computing. Every time you've used an app on your phone or accessed a data center at work, you've used the power of the cloud. More and more, our information and programs are being stored off-site. Software as a Service (SaaS) has become big business. That's why the First Trust ISE Cloud Computing Index Fund (NYSEARCA:SKYY) could be one of the best tech ETFs to buy. SKYY tracks the ISE Cloud Computing Index. The underlying index looks for firms that provide network hardware/software, storage, cloud computing services or those firms that deliver goods and services that utilize cloud computing technology. Preference is placed on those stocks that are pure cloud computing plays with tech conglomerates or those firms only derive a portion of their revenues from the cloud receiving a smaller weighting. The ETF is fairly concentrated at just 28 holdings. Top stocks include Salesforce.com (NYSE:CRM), SAP (NYSE:SAP) and VMware (NYSE:VMW). That explosive nature of cloud computing has helped propel SKYY one of the best performing tech ETFs around. Over the last three years, the fund has produced a 28% annual return. That's more than double the S&P 500. Expenses for SKYY clock in at just 0.60%. The KraneShares CSI China Internet ETF (KWEB) Source: Shutterstock Silicon Valley isn't the only place where tech innovation is happening. In fact, China has just as many global tech stock giants as the U.S. In looking for alternative ETFs to the XLK, heading to the Dragon Economy could be a smart bet and the KraneShares CSI China Internet ETF (NYSEArca:KWEB) could be the way to access the opportunity. KWEB tracks an index of China-based companies whose primary business are in internet-related sectors. The ETFs holdings read like a who's who of internet retailers, social media, gaming, travel and commerce sites in the nation. This includes giants like Alibaba (NYSE:BABA), NetEase (NASDAQ:NTES) and JD.com (NYSE:JD). With the ETF, you're basically getting the Facebook's (NYSE:FB) and Amazon's (NASDAQ:AMZN) of China. Given the sheer size of China's population and the growth of the internet in the nation, KWEB could be a solid long term bet for investors looking to expand their tech holdings. However, don't expect a smooth ride. The fund has been pretty volatile — especially these days as the trade war has persisted. But the longer term looks rosy for China and its growth. With nearly $1.8 billion in assets and a 0.70% expense ratio, KWEB is the prime way to get a piece of the action. Disclosure: At the time of writing Aaron Levitt was long AMZN and XT. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| You are subscribed to email updates from Forex News 24. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment