Todd Gordon of TradingAnalysis.com takes a look at the SPY and Netflix in today's market analysis.
Shorts are running for cover as we head into earnings season. We set the emotion aside and trade what we see, not what we think, and we see the SPY running to this key price and time resistance zone. Also, we take a look at the upside leader, NFLX, and how to position it with options going forward.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Hello MarketClub members everywhere, I hope you all had a great and restful weekend. It's the start of another trading week and we had a strong opening in the market. What's going on, aren't we supposed to be in a bear market?
We are in a bear market overall, but even bear markets have rallies. I believe that the current rally will fade and the market will once a gain resume its downward trend. In today's video, I will be showing you the exact points where I expect the market to fail on the upside.
I will also be looking at two stocks that I believe are ready to explode to the upside and defy the general market's overall negative tone. Continue reading "Two Stocks That Are Ready To Explode To The Upside"
Yesterday the indices came crashing down, breaking through key levels and turning all of the major indicators into strong downtrends. There is no question in my mind that we are now in a full-blown bear market. So how much further down can the market go from here?
In today's video, I will be looking at some downside target areas for all three major indices, as well as five popular stocks.
I will also be looking at these stocks to determine whether or not they present a buying opportunity based on the recent weakness in the market. Continue reading "Are These 5 Popular Stocks Buys Or Sells?"
By: Melvin Pasternak of Street Authority
While old media stocks like Viacom (Nasdaq: VIAB), Walt Disney (NYSE: DIS) and 21st Century Fox (Nasdaq: FOXA) were hit with bad news and huge losses last week, Netflix (Nasdaq: NFLX) scored three straight record closing highs before succumbing to profit-taking on Friday.
Shares have been on a tear, more than doubling in the past four months. I'm sure plenty of investors are kicking themselves for missing the boat, but it's not too late. When a stock makes a new all-time high, especially a high-momentum growth stock like NFLX, it tends to keep moving higher. And Friday's sell-off provides an attractive short-term entry level.
Netflix is being driven by strong growth domestically and abroad. On July 15, the video streaming giant reported better-than-expected second-quarter earnings of $0.06 per share on revenues of $1.64 billion. Continue reading "Is It Too Late To Buy Netflix?"
Much like actors and actresses in Hollywood, certain stocks seem to dominate the headlines regardless of whether it's good or bad news. Meanwhile, less known names are outperforming their superstar counterparts yet continue to operate in relative obscurity.
Value investors love finding these stealthy bullish stocks. The less known it is, the more likely it is that it's been undervalued.
Outerwall (OUTR) is a $1.55 billion specialty retailer that has an interesting story to tell to investors. The company is known for its brand name Redbox and Coinstar machines and along with its competitor Netflix (NFLX), is responsible for revolutionizing the way consumers rent movies and watch television. Outerwall has more than 66,000 kiosks across the U.S., Canada, Ireland and the U.K.
In the past year, the stock has gained nearly 54% and has done well so far this year as well – up 12.5%.
Chart courtesy of StockCharts.com
Taking a closer look at the chart, we can see that the 50-day moving average has been above the 200-day all year long and now appears to be pulling away at a rapid rate. This momentum is evidenced by its MACD, which indicates a strong upward trend in the stock right now. Continue reading "This Specialty Retailer Has Been Quietly Beating The Market All Year"
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
