Based in Corona, California, the Monster Beverage Corporation (MNST – Analyst Report) is a marketer and distributor of energy drinks and alternative beverages. Thanks to a growing energy drink market and major sales growth, MNST has been one of the fastest growing companies in the non-alcoholic beverage industry, and has seen the company’s stock price more than double…
The Atlanta Fed’s Q1 and Q2 GDP forecasts were virtually spot on with what the BEA ultimately reported. Which is why if its accuracy persists, not only the Fed, but Wall Street strategists suddenly have a very big headache on their hands. Earlier today, the Atlanta Fed released its much anticipated first estimate for Q3…
The Chart of the Day belongs to Abiomed (ABMD). I found the medical products stock by using Barchart to sort today’s All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/19 the stock gained 39.26%. Abiomed, Inc. is a developer, manufacturer…
Yesterday’s spike reversals came back to haunt the indices as markets followed yesterday’s late selling with even more selling; selling which registered as distribution for some indices. While the Dow is under the most pressure, the greatest disappointment was the Russell 2000. The selling resulted in an undercut of the 200-day MA, a break which…
More than a handful of people asked me if I would be watching the big debate. 10 candidates. One stage. Which politician will emerge as the clear-cut favorite to win the Republican party nomination? It may surprise some folks, but I have zero interest in the made-for-television event. Each individual will receive about as much air…
I am sure that some of us remember the first ‘browser war’ from the mid-1990s when the Mosaic enabled ‘world wide web’ became increasing popular, and the highly popular and user friendlier Netscape Navigator broke on the scene. And after a bloody battle with Microsoft, which created its first incarnations of Explorer. At first they just gave…
(Photo Credit: Groupon Events) Groupon (GRPN), a global leader of local commerce, is set to release its second quarter financial results tomorrow morning. Currently, the Estimize community of 78 analysts, Wall Street, and guidance are predicting an EPS figure of $0.02. Last quarter, EPS grew 400% from the same quarter the year prior. Estimize are also…
Today is another microcosmic representation of the Macrocosm, whereby we note that for a day at least, things are going the way that the next market phase will go… as a trend. Today the precious metals are bouncing and stocks are dropping… Commodities are dropping or weak… In particular, crude oil is weak… And industrial metals are…
Before the US market opened, Major European indexes were trading in the shallow red, and the EURO STOXX 50 would subsequently post a -0.23% loss. This morning’s jobless claims were a tad better than expected (more here). The S&P 500 opened fractionally higher and hit its 0.17% intraday high three minutes later. It then sold off…
The E-Mini S&P 500 September Futures contract opened inside of the previous regular trading hours (RTH) range and value today. The market rejected the POC, broke the previous low and got selling imbalanced for the rest of the day. Click on picture to enlarge To better understand this selling behavior let’s take a look at…
