Tag: guidance

  • Crisis May be An Opportunity in Shares of Nike

    Crisis May be An Opportunity in Shares of Nike

    Keep an eye on Nike (NKE). Over the last few days, NKE gapped from $122.50 to $108.02 and appears to have caught strong support dating back to late November. Also, if you pull up a one-year chart, you can see NKE is now over-extended at its lower Bollinger Band (2,20), on RSI, Full Stochastics, and…

  • Why Advanced Micro Devices is a Strong Buy

    Why Advanced Micro Devices is a Strong Buy

    Keep an eye on Advanced Micro Devices (AMD). While it did beat earnings estimates, guidance for the fourth quarter was soft. For the quarter ended September, the company posted adjusted EPS of 70 cents, which beat estimates for 68 cents. Revenue of $5.8 billion was also above estimates of $5.7 billion. Moving forward, AMD expects…

  • The Top Reasons Johnson & Johnson is a Buy

    The Top Reasons Johnson & Johnson is a Buy

    Johnson & Johnson (JNJ) has become ridiculously oversold. In fact, if you pull up a two-year chart with RSI, MACD, and Williams’ %R, you can see it.  All three indicators are deep in oversold territory, as the stock catches double bottom support. The last time JNJ was this technically oversold, it exploded from an October…

  • This is Why Rite Aid Soared 15% Today

    This is Why Rite Aid Soared 15% Today

    Rite Aid (RAD) is rocketing higher. After consolidating around $6 a share, RAD broke above double top dating back to early May.  All after raising its fiscal year sales outlook. According to Rite Aid, it now expects for total revenues to come in between $23.6 billion and $24 billion because of higher-cost drugs.  That’s up…

  • The Bottom May Be In for Netflix Stock

    The Bottom May Be In for Netflix Stock

    Severely beaten up shares of Netflix (NFLX) are on the run. Last checked, the NFLX stock was up $5.34, as it starts to pivot from a recent 52-week low.  It’s also wildly oversold on RSI, MACD, and Williams’ %R.  From a current price of $193, we’d like to see the stock challenge $250 again, near-term.…

  • Here’s Why Booking Holdings is Up $88

    Here’s Why Booking Holdings is Up $88

    Keep an eye on travel stocks, like Booking Holdings (BKNG). Up another $85 a share, BKNG is now up to $2,188.51 and rocketing higher.  All thanks to optimism for strong summer travel season, and recent earnings. The company reported first-quarter earnings adjusted earnings of $3.90 a share, compared with a year-earlier adjusted loss of $5.26.…

  • This is Why Teladoc Health Just Fell 47%

    This is Why Teladoc Health Just Fell 47%

    Teladoc Health (TDOC) is coding. And it’s not looking good. Not long ago, as folks took full advantage of virtual visits during the pandemic, the TDOC stock soared from about $60 to $320. It was one of the best stocks on the planet at the time. Now, not so much. With pandemic fears fading, so…

  • ChargePoint Just Delivered Electrifying Guidance

    ChargePoint Just Delivered Electrifying Guidance

    ChargePoint Holdings (CHPT) is on the move. All thanks to electrifying guidance, and the future of electric vehicles. For one, President Joe Biden said his administration will “build a national network 500,000 electric vehicle charging stations” on the nation’s roads, according to CNN. Two, with EV demand still accelerating, we could see thousands of charging stations…

  • CVS Health Blasts Higher, But We’re Not Buying Yet

    CVS Health Blasts Higher, But We’re Not Buying Yet

    There could be more upside for CVS Health Corp. (CVS). While the stock just broke to new highs, we wouldn’t buy just yet.  At $97.20, the stock is now technically overbought on RSI and Williams’ %R.  The last few times these indicators became this overbought, the CVS stock dropped shortly after. In fact, if you…