BEN trade ideas
SHORT Franklin MonthlyEM investor Franklin Templeton exhibiting a 8yr H&S top, neck has broken and is now retested, good low risk entry region here for target 12.50 low with a stop above the 35.82 high. Prospective RR at 8+
BEN ShortBEN has formed a H&S pattern on the monthly chart.
I believe BEN will drop down to its 2000-2009 trend line. Financials are being hit hard, and many have been calling for a recession or at least a slow down over the next couple of year.
The fall to the trend fits into the larger picture of global slowdown within the next few years.
BEN Announces Acquisition of Alternative Credit Manager Benefit BEN: Franklin Resources, Inc.
2018-10-25 08:15:00
Franklin Templeton Investments Announces Acquisition of Alternative Credit Manager Benefit Street Partners
Franklin Resources SHORTShort from $34.03
Market Cap - $18.91B
Beta - 1.61
P/B - 1.63
P/E - 27.98
Employees - 9,448
AUM - $737.5B
- Shares of Franklin Resources have underperformed the industry over the past six months.
- Headquartered in San Mateo (CA) Franklin Resources is a global investment management company and most of its net income and revenue comes from investment advisory, retail mutual funds and institutional and private accounts. They also do fund administration and are a custodial. In September 2014 Franklin Resources de-registered as a bank holding company with the Governors of the Federal Reserve.
- 68% of Franklin Resources revenues over the past few years have been made from investment management fees. They are at a huge risk with their fees due to AUM - despite their diversity their assets under management are massively exposed to fluctuations in the markets and FX. They are also affected by regulatory changes. Changes in assets under management could hurt BEN's revenues and then affect their profits. In 2016 and 2017, fee revenues declined because of reduced assets under management and a lower effective fee rate.
- The market currently being so overstretched means clients are more likely to start taking positions out of the market, the asset management business is massively under secular and cyclical pressure along with its ongoing margin issues (mainly aggravated by 2008). The main pressures are from recent volatility and new regulatory requirements.
- Due to operating in 30 countries or so Franklin Resources are prone to regulatory requirements from both U.S. and non-U.S. regulators which will definitely be affect their profit margins.
- The shares have declined massively over the past 6 months and will continue to fall despite beating recent earnings. Regardless of this beat, earnings estimates are being revised downwards.
NeroTree Capital rates Franklin Resources as a SELL with a price target of $28.75 over the next 52w.
BEN Detected possible stock repurchase!!!BEN: franklin resources
2018-04-12 08:30:41
Detected possible stock repurchase
BENCould see a move up in a few weeks. Lowest P/E in a while...37.8 the price with the lowest P/E .Trade at your own risk. Take Profit next s/r
Dow drops 1,175 points :( #20 BEN)For example this idea is for swing traders and is based in price action and the concept that support becomes resistance
look how the price broke the support line around 40.50 and how it tested the new resistance line
I think the idea is clear, I don't feel like paraphrasing
The (Red arrows) are my new assistants, they speak for me
The price target, I leave it at discretion of trader (32.00 or 31.00)
BEN Reversed H&S Pefect pattern at 2 lower resistances, indicating reversal. If it breaks the neckline, first target is 42...
BEN: potential long trade movementAn intraday, 1 hour, back tested analysis for long position.
Details on the chart.
Buy BEN here ...place stop at 44.61...8 to 1 RR ratioBEN pulled back into Market Support Profile support. Buy it off Market Profile Support here. Aim for an 8 to 1 payoff
BEN possibly closing out of consolidationHas been in a period of consolidation, should it close above the support -- should rapidly close gap to targeted exit box
BEN - Follow Call buying to $45 in 4 months timeSharp money has positioned themselves in BEN calls since mid November and have recently added with January 2017 and January 2018 calls, targeting 50% retrace of the 2015 high to 2016 low at $45. $41.50 is roughly the next resistance level, with $39 a decent stop loss level.
BEN weekly chart is in a bull flag, fighting the 100 period moving average above. A break of this MA should trigger buying that will propel the stock towards target.
BEN - Shorting ahead of earnings1) Support has become resistance
2) Declining Volume
3) Strong stochastic sell signal - stochastic > 80, %K crossover %D
4) Q1 earnings in 2 days - slower growth expected
Trailing stop once I enter 0.5R profit zone
BEN descending triangle, potential breakdownThis asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.
That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.
BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve to downside. Recently, it have built Descending triangle.
Selling area is $52ish then $54
Target $51 then $50 and then mid $40ish area.
