With the stock making new highs after what Johnson called "quite a constructive move off the lows, ... I'll be very curious to see whether that trend ultimately continues," he said., also reporting Wednesday, could give investors a better sense of the financial system's "plumbing," Johnson said.
"When I look at a chart of Discover, I'm going to get a good indication of retail spending trends. Are they increasing? Are they decreasing? Are there going to be some loan loss concerns with their portfolio?" he said."Here's a stock that's in an upward-trending price channel. We're at the very lower end of that channel right now. We're still below a declining 40-week moving average, but showing signs of a recovery," Johnson said.
Microsoft has indeed backtracked slightly this month, down more than 5% just since Monday, which could make for an interesting entry point for buy-and-hold investors, Sanchez said. "I do actually think that this is going to be more of an earnings over-exuberance versus a long-term story. So I think you could actually get an interesting buying point for Microsoft in the long term," she said. "But the likelihood that they can beat estimates maybe becomes more challenging even given their very, very strong cloud portfolio of Azure, Office 365 and Teams.
Source: News Formal (newsformal.com)
TradingNation You Shills forgot to include TSLA
TradingNation Buy put options on all of these. Don’t be like the half brains who bought massive amount of calls on Netflix and got burned thinking “to the moon”.
TradingNation
don't forget TSLA
TradingNation Economic Stimulus
TradingNation Umm... $TSLA?
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