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Retail is getting crushed ahead of the holidays and charts point to more pain: AnalystInvestors are checking out of retail with the sector on track to post its worst quarter since the financial crisis, and one top technician says Costco could be the next victim of the sell-off. The 'technician' needs to try to go park at $COST at 2pm on a Saturday. The company has customers who will pay a $110 membership fee AND deal with that zoo
Source: CNBC - 🏆 12. / 72 Read more »
As casino stocks surge, one analyst bets that the rally is just getting startedCasino stocks start the week on a roll. One analyst wagers this is the beginning of a bigger move for two of those gambling stocks.
Source: CNBC - 🏆 12. / 72 Read more »
Transports are getting crushed, but these two airline stocks are compelling buys, says strategistThe Dow Jones Transportation Average fell again on Monday, but one top strategist says there are compelling buys within the space.
Source: CNBC - 🏆 12. / 72 Read more »
Health stocks down after Texas Obamacare ruling, but analysts say it’s better to buyHealth-care stocks were down Monday as investors grappled with the fallout from Friday’s ruling by a Texas federal judge that the Affordable Care Act is unconstitutional without the insurance-coverage penalty Congress decided to eliminate last year.
Source: MarketWatch - 🏆 3. / 97 Read more »
Lower oil prices are making some US fracking stocks look like bargains, says analystStocks of oil production companies such as Diamondback Energy will ultimately win out in an environment with low crude prices, says energy analyst Mike Kelly. Fossil fuel is a dying industry. It’s going the way of dirty coal!
Source: CNBC - 🏆 12. / 72 Read more »
It’s time to stop lumping Netflix in with the other FAANG stocks, says analystStop thinking of Netflix as attached to FAANG, Imperial Capital analyst David Miller said. The whole market psychology of lumping investment decisions towards faang together has been ridiculous for a while. Fb and alphabet have similar business models, apple and amzn have parallels but weren’t directly linked until recently, and Netflix satisfied a totally sep need This analyst shouldn't be an analyst if he thinks lumping a stock with a name would affect it's fundamental value.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stay away from this one banking stock this year, analyst Dick Bove saysBanks have entered 2019 in good spirits, but Dick Bove of Rafferty Capital Markets has a warning on one industry leader. // Goldman Sachs... problem.
Source: CNBC - 🏆 12. / 72 Read more »
Oil price 'meltdown' puts offshore drilling stocks 'back to square one,' analyst saysInvestment bank Jefferies cut its price targets for offshore drilling stocks on Friday, saying the collapse in oil prices has made an anticipated recovery for the beaten-down sector in 2020 unlikely.
Source: CNBC - 🏆 12. / 72 Read more »
Chart analyst sees a weeks-long relief rally in stocks that could offer selling opportunity'When we do see a relief rally, it should be significant,' says Katie Stockton, founder of Fairlead Strategies, which specializes in technical chart analysis. LOL Alternative headline: you can sell at a lower price Friday. Is this a joke? Would you have this dummy on if the market was up 20% to recommend selling? Lots more downside ahead.
Source: CNBC - 🏆 12. / 72 Read more »
Charts point to big leg lower for Dow stock Nike going into earnings: Technical analystRetailers have crashed into bear market territory this holiday season, and one top technical analyst says Nike could be the next shoe to drop. I can only hope Boycott Nike!
Source: CNBC - 🏆 12. / 72 Read more »