In a post-pandemic world, it might be true that investors don't see a lot of room for the price to run higher after earnings.
With the price of oil on the rise, Natural Gas becomes a more interesting substitute. These five companies are best positioned to take advantage of the market's interest.
The four companies best known as copper miners don't all have the same strong upward trend year-to-date. Freeport McMoran (FCX) stands out as a stock, but don't overlook SCCO's 4% annual yield.
While Gold, Silver and Platinum are doing well as a hedge against a falling dollar, Copper is outpacing them so far this year.
GLD may revert back to its earlier channel if the Dollar finds support near its previous low, but if the Dollar breaks through and keeps going lower, GLD is surely headed for a new high.
Microsoft and QQQ are highly correlated. As QQQ hits its old highs, it might drag on MSFT price action, so MSFT may struggle to make it back to new higher highs. Additionally, Implied Volatility is declining now that earnings are past, so option traders don't expect big moves either up or down.
Costco has been inversely correlated with Oil prices for quite some time, but that has changed recently.
Oil inventories may continue to tighten as demand grows. Which oil stocks, and currencies, will benefit most from a weakening dollar?
Are Investors looking for tankers like Frontline Ltd. to begin a surge higher?
Nordstrom (JWN) price action shows two large spikes in price that reverted to the mean quickly after breaking higher. This kind of price pattern suggests overhead resistance, with many investors eager to sell if only they could get a slightly higher price. This may be a "sell-the-news" stock, where the quarterly report is favorable, but the shares sell off anyway...
NVDA may be ready to break higher ahead of its upcoming earnings announcement. Investors anticipating that semiconductor industry may be over its shortages in the next couple months?
What could it mean for the markets if XLP stocks outpaced XLY stocks?
Based on a simple study from LPL Financial's research blog, the market might favor an incumbent president right now. At least that's if it stays above its August 3rd level for four more weeks. Considering where the VIX closed today (new low since labor day), that could be a safe bet. lplresearch.com
It wasn't market makers who named the latest U.S. Hurricane "Delta," but they probably would have suggested the same name if anyone asked them. With the storm about to hit the gulf shores in the U.S. causing lockdowns in oil and gas facilities in the region, supplies of oil and natural gas are both constrained. This comes right at time when demand is increasing in...
When the 10-year note Index makes a quick jump, DHI and other Homebuilder stocks tend to move sideways.
In the five years before Amazon instituted Prime day, the share price grew by 225%. Now five years after the first one, the shares have since grown over 650%. There is also evidence that trading AMZN right after prime day is a worthwhile strategy. (Stay Tuned).
The VIX and SPX usually run inversely correlated. When they begin to correlate for short periods of time, it usually means investors are worried about something. from 1998 to 2020, the level of the 3-month correlation that we are currently experiencing (10-6-20) has led to negative moves in the market 9 out of 10 times. The market moves mildly negative over the...
The VIX and SPX usually run inversely correlated. When they begin to correlate for short periods of time, it usually means investors are worried about something. from 1998 to 2020, the level of the 3-month correlation that we are currently experiencing (10-6-20) has led to negative moves in the market 9 out of 10 times. The market moves mildly negative over the...