I heard a term today: “Stealth bear market,” and the energy sector is definitely experiencing one, but the recent drop in crude prices have pulled away the “stealthy” part. I cover the master limited partnership –MLP– type of companies that operate in the energy sector, and values have been hammered across the board, pointing to…
The number of stocks above or below the SMA 200 moving average is a great tool to confirm distribution. Google (GOOG), Facebook (FB) and Netflix (NFLX) scream higher while more boring and not well know companies sink below the SMA 200. Mr Market is doing a three-card-monte trick to hide the expected market direction. Can…
Big gains and a strong reversal in the Russell 2000 puts a potential bottom in play. The Russell 2000 started the day below the 200-day MA, but then rallied to claim a spike low and a close above this key moving average. Small Caps are a key driver in trend cycles. The ‘bull trap’ from…
Social media staple Twitter (TWTR – Analyst Report) beat Q2 earnings and revenues after the bell Tuesday, and its share price spiked immediately in after-hours trading. The company posted a loss (accounting for stock-based compensation and other before non-recurring items [BNRI]) of 19 cents per share on quarterly revenues of $502 million; the Zacks consensus…
Based in Foster City, California, Gilead Sciences Inc. (GILD – Analyst Report) is a major player in the healthcare industry. The biopharmaceutical company seeks to provide accelerated solutions for patients and the people who care for them. GILD has a broad-based focus on developing and marketing drugs to treat patients with infectious diseases, with a…
As you may recall we had the August option expiration for the precious metals at The Bucket Shop today. The call options at the 1100 level and above expired worthlessly according to the preliminary report from today. I have circled those in red below. As you can see from the prior day open interest, a goodly…
Italy Seeks Political Union As expected, Italy has joined the “United States of Europe” parade. And also as expected, some from Germany want no part of it. Let’s start with Italy. Italy’s finance minister, Pier Carlo Padoan calls for ‘Political Union’ to Save Euro. Italy’s finance minister has called for deeper eurozone integration in the aftermath…
With many expecting Twitter to disappoint yet again after several quarters in which the company’s stock had a step-down reaction to earnings, moments ago TWTR beat virtually all-non-GAAP estimates, from revenue, to EPS, to EBITDA: TWITTER 2Q REV. $502.4M, EST. $481.9M TWITTER INC 2Q ADJ. EPS 7C, EST. 4C TWITTER 2Q ADJ. EBITDA $120M, EST….
Yelp Inc (NYSE:YELP) released its second quarter earnings report after closing bell tonight, posting adjusted earnings of 12 cents per share on revenue of $133.9 million a 51% increase year over year. Analysts were expecting earnings of 1 cent per share and revenue of $133.4 million. In last year’s second quarter, Yelp posted earnings of 4…
Fear Has Lots Of Company As we noted in “What Do 1987, 2003, 2009, And 2015 Have In Common?”: When investor sentiment reaches extreme levels, it can be a contrary indicator for the stock market. For example, the highest bullish reading in the history of the American Association Of Individual Investors (AAII) Sentiment Survey was 75%…
