$HHC dropped like a rock on announcing some restructuring changes. We think this a good dip buying opportunity on a market over-reaction. Here's the news: The Howard Hughes Corp. (NYSE:HHC) following its announcement that it's replacing its CEO and embarking on a transformation plan. That follows a "thorough" strategic review, the company says. It's named Paul...
$PETS made a major breakout yesterday on heavy volume after a strong earnings beat. The $24 resistance level was broken through and we see the stock set to keep climbing. In looking at Q2 results, here are the highlights: PetMed Express (NASDAQ:PETS): Q2 GAAP EPS of $0.33 beats by $0.07. Revenue of $69.94M (-2.0% Y/Y) beats by $0.29M. $PETS is also paying a...
$KDMN is set up well both technically and fundamentally. The FDA just approved CLOVIQUE (TM), A Room-Temperature Stable Trientine Hydrochloride Product. This bodes well for the company as it moves forward. According to the press release: Product Offers Room Temperature Stability, Improving Convenience for Patients NEW YORK, NY / ACCESSWIRE / October 21, 2019 /...
$HAL is rallying today on earnings. The best part is that earnings weren't that great. This might be a sign that investors think the worst is over for the company and $HAL is going to bid higher. $HAL is up 6.95% right now after reporting Q3 GAAP EPS of $0.34 in-line and Revenue of $5.55B (-10.0% Y/Y) that missed by $270M. Q3 earnings matched Wall Street...
$SGEN has been on a long-term bull run as we look at the weekly chart. Positive topline results signal that the bull run is set to continue and we expect $SGEN to keep racking up new 52-week highs. Seattle Genetics (NASDAQ:SGEN) is up in reaction to positive results from a Phase 2 clinical trial, HER2CLIMB, evaluating combination of tucatinib, Roche's Herceptin...
The trend looks to be turning finally for $HMHC. Traders can look to go LONG with a stop under $4.50 a share. Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, and intervention solutions; and professional learning services worldwide. The company operates in two segments, Education and Trade Publishing. The Education segment...
$TEAM held the key support level of $120 during yesterday's $WDAY selloff. The 200-day moving average of $120.32 held as the low for the day was $120.41 a share. We expect a strong bounce over the next few days as a swing trade. Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It...
The news today that 4.68m shares of $PINS were sold at $25 removes an overhang on the stock. Yesterday's bull hammer further signals that the worst might be over for the stock. Pinterest had been dropping as the lockup has expired. With just 4.68m shares sold, this could be a sign that more stock won't hit the market. Pinterest, Inc. provides a visual discovery...
$APHA is out today with a strong earnings report and the fundamentals point to the worst being over for the company. Here are the highlights: Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights: Revenue: $126.1M (+849%); adult-use cannabis revenue: $20M. Kg...
$MDR above $2.24 could see a nice run. Yesterday's high was $2.17 and the previous day's high was $2.24. We think the momentum players could jump in and drive $MDR to $3 rather quickly. A lot will depend on news and the progress $MDR makes in restructuring its balance sheet. Here's the background story of what's going on: McDermott (NYSE:MDR) is exploring...
Investors need to be cautious with $BILZF. The stock is being driven by the followers of IG superstar Dan Bilzerian. The first pump and dump created enormous volume and drove the stock to $4. We expect this pattern to continue. For risk-adverse investors, they can get LONG and wait for the next pump. There is support at the $1.50 level. $BILZF is a stock you...
$OGI looks to have bottomed after a very strong bounce on Friday. The $2.70 is a very strong support zone and one which investors can buy off of. Many investors are looking for exposure to the cannabis space and now is a good time to look after the sector has been in a prolonged bear market. OrganiGram Holdings Inc., through its subsidiaries, produces and sells...
$CGC has been been beaten up like the rest of the pot sector. However, $CGC is different in that the company has $13/share in cash. While we aren't calling a bottom yet, investors should start preparing themselves to buy the dip in $CGC. Canopy Growth Corporation, together with its subsidiaries, engages in engages in production, distribution, and sale of...
$AAPL is on a strong uptrend and due to make new all-time highs. With the release of the new iPhone 11, chatter has been positive that the new lower-priced models are convincing hesitant customers to trade up. $AAPL CEO Tim Cook famously has US President Donald Trump's ear and will end up a winner in the trade war. $AAPL remains a buy on dips to $220 with...
$ROKU will most likely bounce to $128 to $131 based on Fibonacci lines of the current move. $ROKU is great for day traders as it can be played from both the LONG and the SHORT sides. Roku, Inc. operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV...
$TNK has been in a bear market for a long time. The stock was $14 back in 2011 before dropping to under $1 this year. We believe the worst is over as the stock has a rounding bottom and looks set to continue climbing. Next major resistance level is the 200-day MA of $1.98. Oil shipping rates have climbed, making $TNK an attractive risk/reward play. Teekay...
Above $10 in $AMKR and we should see a quick move to $10.50 to $11.50 a share. Above all-time highs of $12.50 and the sky is the limit. $AMKR President bought almost $1m worth of stock in last 12 months. Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey...
$CVSI has been beaten up along with the rest of the cannabis sector. Recent price action indicates that the low might be in as the critical $1.55 support level held. Next major resistance level is $3. Those that want to go Long can buy with a stop below $1.55 and add to the position on a break above $3. $CVSI is well-known because of its top-selling PlusCBD...