Volatility has been on full display for the last couple of weeks. Concerns about the global banking system, interest rates and mixed economic data are keeping investors on the edge of their seats. Daily fluctuations in the closely watched CBOE Market Volatility Index (VIX) have been unusually wide since the SVB Financial collapse. Earlier this...
Meta Platforms Inc. (NASDAQ: META) has been showing renewed technical strength since rallying from early November lows. The stock broke out of a flat base on March 15. As of March 28, it was holding nearly 14% above its 50-day moving average, even as it pulled back slightly after the breakout. The company is also...
Shares of Micron (NASDAQ: MU) hit their bottom late last year and are now set up for a complete reversal. The market action ahead of the Q2 earnings release suggests that sell-side interest is growing in the face of expected outperformance. The analysts have been lowering the bar for revenue and earnings for the last...
Build-A-Bear Workshop Inc. (NYSE: BBW) started as a niche retailer in shopping malls selling plush dolls that children could bring to life in the store by adding stuffing, a heart with a recordable message, along with other customizable options. The customer can name the doll, buy clothing and accessories and use it as an online...
The stock of industrial and construction supplies wholesaler Fastenal (NASDAQ: FAST) may set up a weekly bull flag breakout. The business of selling boring but essential components like bolts, nuts, straps, screws, rivets, rings, and washers has been thriving. These are fasteners which are hardware components that attach pieces and parts together. Unlike technology stocks,...
To invert a popular saying, “What should you do when chips are up?” Some chip- and chip-gear makers are nearing buy points out of bullish areas of consolidation. Those names include Advanced Micro Devices Inc. (NASDAQ: AMD), Applied Materials Inc. (NASDAQ: AMAT) and Onto Innovation Inc. (NYSE: ONTO). Semiconductor stocks, as a whole are rallying...
It is not likely good if you wonder what the Q1 2022 earnings reports will bring during the calendar Q2 reporting cycle. By all accounts, the market and the economy are rushing toward a cliff that means job losses, earnings declines, and economic contraction that may lead to nasty negative feedback loops. If you think...
Florida’s insurance market is a hot mess. Excessive litigation, fraudulent claims, and a surge in catastrophic weather have left insurers struggling to stay afloat. Universal Insurance Holdings (NYSE: UVE), the largest home insurer in the Sunshine State, is in a peculiar spot. Many insurers have gone broke or left the state altogether, and even UVE...
Investing in the stock market entails risk. Diversification is one way of spreading the risk with the belief that as one stock falls, another may not fall as severely or even rise. Diversifying by sectors and industries is a different way to spread the risk. Beta can be used as a barometer of risk. It...
MongoDB (NASDAQ: MDB) shares aren’t down because of bad Q4 results or a weak outlook; they are down because the analysts wanted more than they got. This is a growth story, and when it comes to market action, it is led by outperformance. The takeaway is different than it may appear on the price chart....