chuckination

chuckination

Everyone is talking about the retail rally that got kicked off by TGT and HD and WMT earlier, but it's very clear to me that TGT is the clear winning security for pair traders. I'm also very confident that their rally is sustained and will withstand other market headwinds. Volume is HUGE. I bought in the day before earnings because I was confident that they would...

chuckination

I noticed a huge spike in price change for CONE which I've been following as a technology REIT, and it jumped up a whopping 8% on Friday on news of a buyout bid was made. Since no dollar amounts have been disclosed, this 8% premium on pricing is going to be built into any competing offers and CONE could jump much further as well. I've followed buyout news, and...

chuckination

August is proving volatile, but that's where the money is made. The S&P 500 predictably nose-dived after Trump's latest announcements about US/China trade dispute actions, but the action was short lived and many theorize that a future rate cut will be coming in September. The market is still showing its strength in a number of key areas, and none of my emergency...

chuckination

I sought out a REIT that was defensive last week, and CORR stood out as a blend between a REIT and an energy sector play. It's since paid off handsomely for me, and I want to share it with you. It's a small cap, which is not commonly something I seek out for individual stock invdesting due to liquidity reasons, but I couldn't ignore CORR when it showed up on one...

chuckination

I made a sizeable amount from MU last month, but it was pretty clear at the beginning of August that we were going to have a choppy first week so I liquidated all unprofitable and took profit on volatile equity positions and held on to bonds. I'm slowly starting to buy back into stocks and equity ETFs again, and MU is definitely pulling back into their great...

chuckination

Kirkland Lake is pulling ahead of its peers in the gold mining sector now that interest in the sector has waned after the late June / early July run up on gold. The same fears and uncertainties are there, but more measured investors are going to single out KL as a sector leader as well as a their management's ability to grow earnings. Short interest continues to...

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AVGO makes networking semiconductors and other products in so many household brands of consumer equipment, and I was floored to see how bad of a beating they took with the May trade war fear correction. After this consolidation, Broadcom's stock price now has room to bounce out of earnings with a healthy upside potential to make up for ground lost to set new...

chuckination Updated 

The market is correcting itself after the Q1 rally. I expect the broader market to shave off another 5% atleast, but we may be seeing a much larger correction if the doomsayers are to be believed. I wouldn't go long into stocks again unless we hear some firm good news about the US/China trade showdown, either.

chuckination

Well, clearly DG never got the message that last week's rally was beginning to lose steam. They're taking off in a rocket to the moon. I usually write up very detailed technical analysis, but I can only say that this rocket is launching because every indicator says buy more and more and more (except RSI because that indicator has acrophobia).

chuckination

I watched SQ rise almost 60% from the market bottom to their peak in late February, and then consolidate down back 25%. They're a great company that's going to be the future of financial payments (watch out PYPL), and they've pioneered making credit card purchases for the common man a reality. Their peak in late 2018 was just over $100 a share, and that's almost...

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I've bough a few cars from KMX over the years, and it's no surprise to me when a company I do business with does well financially on a macro scale. KMX has an excellent model with regional branches and locations handling sales and maintenance and even finance, so they also tap into the financial services marketplace. New sales in the US are slightly down from...

chuckination Updated 

Gold is starting to rise in price again which I've been expecting with the recent global economic landscape of trade wars and tariffs. AU is in a good position of having solid growth coupled with relatively cheap stock price with significant upside potential. It's outperforming GDX and SPX and all technicals look good for a rally over the next week. Volume has...

chuckination

I've been watching TNET since their massive 1-day spike of 23% back in February, and they've been flat in a horizontal channel since. That was a strong clue that I needed to be patient and wait out for a break out on them. Well, it's happening now and the prices are breaking out of that channel in an upward trajectory. TNET starting bubbling last week the...

chuckination

I've been watching ETSY for a while and they're a solid company with a solid cashflow and have very satisfied customers and vendors and Etsy gets to provide a low overhead marketplace for the two participants to do business with each other. They didn't rise much during last week's rally which tells me that this week is now their time to shine for the alpha...

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I don't usually play earnings roulette, but I was willing to with HD. They're a US domestic consumer goods retailer, and they're going to be the recipient of goods more favorably prices for domestic consumption than international trade. The technicals look good, they've been growing earnings consistently, and membership on the DOW30 does favor them for having a...

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I've been researching stocks in the healthcare sector recently, and it seems that the places to put your money are into healthcare operators, hospital services, and medical facility REITs. United Healthcare got beaten down with the rest of the healthcare sector in late April. However, they rebounded in the other direction after their earnings call. I've been...

chuckination Updated 

Don't be fooled by the balmy two days we've had this week. Volatility has only started to rise, and the chart is mirroring the Oct 2018 volatility rise preceding the correction of 2018 Q4. From the chart alone, it looks like we're only going to get about half the magnitude for the correction this turn around, so I only expect a price dip of 10% to 15% for this...

chuckination

I can't tell. What do you think? Tomorrow and Monday will tell.