As financials flail, one banking stock could be about to break out

The sector has tumbled 9 percent over the past year, by far the worst-performing S&P 500 sector over that stretch. But there is one name in the group that is setting up for a breakout, said Todd Gordon, founder of TradingAnalysis.com. “One financial that I do like is Bank of America,” Gordon said Wednesday on CNBC’s “Trading Nation.” I will add to my holding in Bank despite the financials weakness in the S&P so this is one strong name that I do like.” Then you throw in earnings, positive earning


The sector has tumbled 9 percent over the past year, by far the worst-performing S&P 500 sector over that stretch. But there is one name in the group that is setting up for a breakout, said Todd Gordon, founder of TradingAnalysis.com. “One financial that I do like is Bank of America,” Gordon said Wednesday on CNBC’s “Trading Nation.” I will add to my holding in Bank despite the financials weakness in the S&P so this is one strong name that I do like.” Then you throw in earnings, positive earning
As financials flail, one banking stock could be about to break out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: keris lahiff, dennis caruso, new york daily news, getty images, spencer platt, scott mlyn, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, earnings, standpoint, break, stock, sector, flail, im, financials, xlf, america, bank, bapis, sp, gordon, banking


As financials flail, one banking stock could be about to break out

Financials are in a funk.

The sector has tumbled 9 percent over the past year, by far the worst-performing S&P 500 sector over that stretch.

But there is one name in the group that is setting up for a breakout, said Todd Gordon, founder of TradingAnalysis.com.

“One financial that I do like is Bank of America,” Gordon said Wednesday on CNBC’s “Trading Nation.” “Obviously you have a very nice uptrend here, you’ve broken resistance, we’ve come back to test support.”

“There is a nice kind of level right here at about the $30 region,” Gordon said. “There’s a lot of open interest here. If we can sometimes get a push – and help from the broader market would certainly help – there’s sure to be a lot of stop-loss buying going off in Bank of America. I will add to my holding in Bank despite the financials weakness in the S&P so this is one strong name that I do like.”

Bank of America needs to rally around 5 percent to push through $30. The stock has not traded above that level since October.

The sector is a long-term buy even if it continues to underperform in the short term, said Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management.

“Banks are stronger than ever from a balance sheet standpoint, from a risk standpoint, they’re taking less risk than they ever have, and from a cash standpoint. Then you throw in earnings, positive earnings and low PEs for many of the banks,” Bapis said Wednesday on “Trading Nation.”

The XLF financial ETF trades at below 12 times forward earnings, while the S&P 500 trades at a 16.5 times multiple.

“This is just a forgotten sector that people have put aside and it is going to snap back at some point in the future,” said Bapis. “I’m positive on the space long term. I’m very surprised that it has taken this long but if we’re taking a long-term perspective for our clients, I’m fine waiting 18 months for it to bounce back.”

The XLF ETF has risen 10 percent this year, below the S&P 500’s 13 percent advance.

Disclosure: Todd Gordon owns shares of Bank of America.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: keris lahiff, dennis caruso, new york daily news, getty images, spencer platt, scott mlyn, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, earnings, standpoint, break, stock, sector, flail, im, financials, xlf, america, bank, bapis, sp, gordon, banking


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The last time the Netflix chart formed a ‘golden cross,’ it rallied 95 percent

“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation.” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.” The bullish golden cross forms when a shorter-term moving average crosses above a longer term. “It’s getting overbought on a near-term basis,” he said Tuesday on “Trading Nation.” “Netflix is obviou


“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation.” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.” The bullish golden cross forms when a shorter-term moving average crosses above a longer term. “It’s getting overbought on a near-term basis,” he said Tuesday on “Trading Nation.” “Netflix is obviou
The last time the Netflix chart formed a ‘golden cross,’ it rallied 95 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: keris lahiff, andrew harrer, bloomberg, getty images, arjun kharpal, christophe morin, getty images news, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, netflix, average, maley, moving, 95, nation, formed, golden, overbought, chart, rally, trading, sanchez, rallied, cross


The last time the Netflix chart formed a 'golden cross,' it rallied 95 percent

Netflix is set to gain a new competitor next week when Apple will reportedly unveil its streaming platform.

Netflix shares have risen slightly in the past week and are up 35 percent this year. They are the best performers of the FANG stocks. Miller Tabak equity strategist Matt Maley said the name could still have more room to run.

“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation.” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.”

The bullish golden cross forms when a shorter-term moving average crosses above a longer term. It signals the reversal of a downtrend. A golden cross formed March 11 on Netflix’s charts.

“The last two times in 2015 and 2016, it saw a rally of 120 and 95 percent after they saw the golden crosses,” said Maley. “I’m not calling for that kind of a huge rally but history says it’s been a positive sign,” he said.

Maley said the charts have a different story for Apple’s stock.

“It’s getting overbought on a near-term basis,” he said Tuesday on “Trading Nation.” “It’s also bumping up against its 200-day moving average so with it being overbought and bumping up against that key moving average I think it’s going to have a tough time breaking above it on its first try.”

Apple is a 2 percent rally from its 200-day moving average. It has not traded above that trend line since November.

“It will probably have to pull back, consolidate its gains, work off that overbought condition before it can rally further,” said Maley.

Netflix may have difficulty continuing to grow as increased competition muscles its way into the space, said Gina Sanchez, CEO of Chantico Global.

“Netflix is obviously the one with the most to lose,” Sanchez said Tuesday on “Trading Nation.” “My concern is actually that Netflix may actually paint itself into a corner. Everybody is gunning for territory that Netflix has already created. Netflix has a massive spending budget in order to continue to move a needle that quite frankly is getting harder and harder to move in terms of revenue.”

Netflix sales are expected to slow from 35 percent growth in 2018 to 24 percent by 2020.

“You look at the average number of subscriptions that cord cutters have. You’re talking about three-plus subscriptions. Quite frankly, viewers are getting subscription fatigue. At some point you’re going to have to see some consolidation,” Sanchez said.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: keris lahiff, andrew harrer, bloomberg, getty images, arjun kharpal, christophe morin, getty images news, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, netflix, average, maley, moving, 95, nation, formed, golden, overbought, chart, rally, trading, sanchez, rallied, cross


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The last time the Netflix chart formed a ‘golden cross,’ it rallied 95 percent

“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation.” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.” The bullish golden cross forms when a shorter-term moving average crosses above a longer term. “It’s getting overbought on a near-term basis,” he said Tuesday on “Trading Nation.” “Netflix is obviou


“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation.” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.” The bullish golden cross forms when a shorter-term moving average crosses above a longer term. “It’s getting overbought on a near-term basis,” he said Tuesday on “Trading Nation.” “Netflix is obviou
The last time the Netflix chart formed a ‘golden cross,’ it rallied 95 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: keris lahiff, andrew harrer, bloomberg, getty images, arjun kharpal, christophe morin, getty images news, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, netflix, average, maley, moving, 95, nation, formed, golden, overbought, chart, rally, trading, sanchez, rallied, cross


The last time the Netflix chart formed a 'golden cross,' it rallied 95 percent

Netflix is set to gain a new competitor next week when Apple will reportedly unveil its streaming platform.

Netflix shares have risen slightly in the past week and are up 35 percent this year. They are the best performers of the FANG stocks. Miller Tabak equity strategist Matt Maley said the name could still have more room to run.

“This stock already took a little bit of a breather last month and now it’s starting to rally again,” Maley said Tuesday on CNBC’s “Trading Nation.” “The key that’s really going on right now is the stock is seeing a golden cross with its 50-day moving average moving above its 200-day moving average.”

The bullish golden cross forms when a shorter-term moving average crosses above a longer term. It signals the reversal of a downtrend. A golden cross formed March 11 on Netflix’s charts.

“The last two times in 2015 and 2016, it saw a rally of 120 and 95 percent after they saw the golden crosses,” said Maley. “I’m not calling for that kind of a huge rally but history says it’s been a positive sign,” he said.

Maley said the charts have a different story for Apple’s stock.

“It’s getting overbought on a near-term basis,” he said Tuesday on “Trading Nation.” “It’s also bumping up against its 200-day moving average so with it being overbought and bumping up against that key moving average I think it’s going to have a tough time breaking above it on its first try.”

Apple is a 2 percent rally from its 200-day moving average. It has not traded above that trend line since November.

“It will probably have to pull back, consolidate its gains, work off that overbought condition before it can rally further,” said Maley.

Netflix may have difficulty continuing to grow as increased competition muscles its way into the space, said Gina Sanchez, CEO of Chantico Global.

“Netflix is obviously the one with the most to lose,” Sanchez said Tuesday on “Trading Nation.” “My concern is actually that Netflix may actually paint itself into a corner. Everybody is gunning for territory that Netflix has already created. Netflix has a massive spending budget in order to continue to move a needle that quite frankly is getting harder and harder to move in terms of revenue.”

Netflix sales are expected to slow from 35 percent growth in 2018 to 24 percent by 2020.

“You look at the average number of subscriptions that cord cutters have. You’re talking about three-plus subscriptions. Quite frankly, viewers are getting subscription fatigue. At some point you’re going to have to see some consolidation,” Sanchez said.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: keris lahiff, andrew harrer, bloomberg, getty images, arjun kharpal, christophe morin, getty images news, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, netflix, average, maley, moving, 95, nation, formed, golden, overbought, chart, rally, trading, sanchez, rallied, cross


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Tesla shares are about to take a turn for the worse: Piper Jaffray

Tesla shares have taken a wrong turn. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.” They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. “They’re trading at per units sold to market cap of $120,000. So it’s four times any other market cap per units sold out there,” he said.


Tesla shares have taken a wrong turn. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.” They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. “They’re trading at per units sold to market cap of $120,000. So it’s four times any other market cap per units sold out there,” he said.
Tesla shares are about to take a turn for the worse: Piper Jaffray Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: keris lahiff, bryan r smith, afp, getty images, frederic j brown, victor j blue, bloomberg, joan cros garcia, corbis, kcna
Keywords: news, cnbc, companies, units, piper, stock, trading, struggling, theyre, sold, turn, jaffray, tesla, worse, market, end, shares


Tesla shares are about to take a turn for the worse: Piper Jaffray

Tesla shares have taken a wrong turn.

The stock has tumbled more than 17 percent this year with losses accelerating last week following a mediocre reception to its Model Y unveiling. It is now 29 percent off its record high set in September 2017.

One technical analyst says the stock charts point to more hardship ahead for the electric vehicle maker.

“You’ve been stuck in a trading range for about 2½ years – $245 on the lower end, $390 on the upper end. Back in December, you lost power at $390. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.”

“To me, it looks like we’re going to come back down and retest the lower end of this price channel, confirm it before you can do any sort of tactical trading opportunity with these shares,” said Johnson. “I’m waiting for it to pull back and retest that level.”

A drop to $240 would mark a decline of about 13 percent from current levels of $276. The stock has not traded below that price since the beginning of 2017.

Fundamental issues hang over Tesla, too, says Michael Bapis, managing director at Vios Advisors at Rockefeller Capital Management.

“I can’t get comfortable owning it right now,” Bapis said Friday on the show. “They’re really struggling with brand definition. They don’t really know who they are. They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. The competition is heating up.”

Volkswagen has ramped up its push into the electric-vehicle space with $9 billion bookmarked for development at its Audi arm. “Tesla killer” Nio is also making strides in the Chinese market.

Tesla also trades at an extreme premium compared with its peers, says Bapis.

“They’re trading at per units sold to market cap of $120,000. Daimler and BMW trade at $30,000. So it’s four times any other market cap per units sold out there,” he said.

Tesla is the second-worst performer on the Nasdaq 100 this year. It is down 51 percent over the past 12 months.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: keris lahiff, bryan r smith, afp, getty images, frederic j brown, victor j blue, bloomberg, joan cros garcia, corbis, kcna
Keywords: news, cnbc, companies, units, piper, stock, trading, struggling, theyre, sold, turn, jaffray, tesla, worse, market, end, shares


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Semiconductor rally faces a ‘collapse’, economic forecaster warns

Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan, who co-founded the Economic Cycle Research Institute, builds his bearish case with a chart showing semiconductor chip demand. “We’ve got a 20 percent decline in the volume of semiconductor demand, and that translates to a ten year low in the growth rate o


Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan, who co-founded the Economic Cycle Research Institute, builds his bearish case with a chart showing semiconductor chip demand. “We’ve got a 20 percent decline in the volume of semiconductor demand, and that translates to a ten year low in the growth rate o
Semiconductor rally faces a ‘collapse’, economic forecaster warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-17  Authors: stephanie landsman, victor j blue, bloomberg, getty images, joan cros garcia, corbis, gari garaialde, bryan r smith, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, semiconductor, warns, showing, demandits, economic, achuthan, comes, quarter, forecaster, collapse, faces, rally, demand, growth


Semiconductor rally faces a 'collapse', economic forecaster warns

Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups.

Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand.

“Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.”

Achuthan, who co-founded the Economic Cycle Research Institute, builds his bearish case with a chart showing semiconductor chip demand.

“It’s a pretty dramatic comedown,” he said. “We’ve got a 20 percent decline in the volume of semiconductor demand, and that translates to a ten year low in the growth rate of demand.”

It’s a contrarian call that comes with semiconductors locking in their best day since January 30 on Friday. The VanEck Vectors Semiconductor ETF, which tracks the group, is up almost 22 percent so far this quarter. It’s on pace for its best first quarter since its May 2000 inception date.

The bullish sentiment behind the semiconductor rally is centered on forward looking, misguided assumptions about growth, Achuthan said. He ties the continued sluggishness to a slowdown in the overall U.S. economy.

“Demand for a product that these companies sell, that’s not going to go up. There’s no rebound in sight,” Achuthan said.


Company: cnbc, Activity: cnbc, Date: 2019-03-17  Authors: stephanie landsman, victor j blue, bloomberg, getty images, joan cros garcia, corbis, gari garaialde, bryan r smith, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, semiconductor, warns, showing, demandits, economic, achuthan, comes, quarter, forecaster, collapse, faces, rally, demand, growth


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Netflix would have to do one thing for this technical analyst to get bullish again

Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500. Bill Baruch, president of Blue Line Futures, would need to see a sharp move to break Netflix out of its two-month-long funk. Netflix would need to rally more than 5 percent to break out above $380. “International growth is really the key for Netflix and they’re really going strong there,” Tepper said Thursday on “Trading Nation.” “My take is so long as Netflix can be reasonable on what t


Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500. Bill Baruch, president of Blue Line Futures, would need to see a sharp move to break Netflix out of its two-month-long funk. Netflix would need to rally more than 5 percent to break out above $380. “International growth is really the key for Netflix and they’re really going strong there,” Tepper said Thursday on “Trading Nation.” “My take is so long as Netflix can be reasonable on what t
Netflix would have to do one thing for this technical analyst to get bullish again Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: keris lahiff, joan cros garcia, corbis, getty images, gari garaialde, bryan r smith, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, growth, really, going, bullish, tepper, rally, netflix, president, analyst, need, theyre, thing, technical, trading


Netflix would have to do one thing for this technical analyst to get bullish again

Netflix has rocketed 35 percent higher so far this year, making it one of the best performers in the S&P 500.

That rally comes with a big asterisk, though. Much of its gains came in the first two weeks of the year, and since then it has flatlined, rising less than 2 percent since mid-January.

Bill Baruch, president of Blue Line Futures, would need to see a sharp move to break Netflix out of its two-month-long funk.

“It doesn’t get me excited, I don’t see a reason I need to be buying right here,” Baruch said Thursday on CNBC’s “Trading Nation.” “Get a close near $380 on a weekly basis, that would signal that it’s going to go higher and people would start to chase the market and be comfortable buying up there.”

Netflix would need to rally more than 5 percent to break out above $380. It has not closed above there since October.

Until then, the technical analyst also needs to see the stock hold up at current levels.

“Not going below $340 would be very constructive and continue to not do anything wrong as it has done for the last month and a half,” said Baruch.

A move to $340 would mark a 6 percent drop from current levels.

Mark Tepper, president of Strategic Wealth Partners, said the company faces tough competition and slowing U.S. growth, but he has faith in its expansion overseas.

“International growth is really the key for Netflix and they’re really going strong there,” Tepper said Thursday on “Trading Nation.” “There’s been absolutely no price hike there yet so you’ve really got this company which is shifting to more of a profitability focus after they’ve been so laser focused on subscriber growth for so many years and they do have the pricing power to do it.”

Global streaming paid membership revenue rose by more than 25 percent in every quarter last year. It is expected to increase in that range in the first quarter.

“My take is so long as Netflix can be reasonable on what they’re paying for content and not overpay, they’re going to leave everyone else in the dust,” he said.

Disclosure: Tepper’s firm owns Netflix.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: keris lahiff, joan cros garcia, corbis, getty images, gari garaialde, bryan r smith, kcna, thomas barwick getty images, source, lawrence mcdonald
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North Korea is considering suspending nuclear talks with the US, reports say

North Korea is considering suspending nuclear talks with the United States and its leader may rethink a ban on missile tests, news reports from the North’s capital on Friday quoted a senior official as saying. After the failure of last month’s summit of U.S. President Donald Trump and North Korean leader Kim Jong Un, the North’s top nuclear envoy said its leadership was considering dropping denuclearization talks, Russia’s TASS news agency said. “We have no intention to yield to the U.S. demands


North Korea is considering suspending nuclear talks with the United States and its leader may rethink a ban on missile tests, news reports from the North’s capital on Friday quoted a senior official as saying. After the failure of last month’s summit of U.S. President Donald Trump and North Korean leader Kim Jong Un, the North’s top nuclear envoy said its leadership was considering dropping denuclearization talks, Russia’s TASS news agency said. “We have no intention to yield to the U.S. demands
North Korea is considering suspending nuclear talks with the US, reports say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: kcna
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North Korea is considering suspending nuclear talks with the US, reports say

North Korea is considering suspending nuclear talks with the United States and its leader may rethink a ban on missile tests, news reports from the North’s capital on Friday quoted a senior official as saying.

After the failure of last month’s summit of U.S. President Donald Trump and North Korean leader Kim Jong Un, the North’s top nuclear envoy said its leadership was considering dropping denuclearization talks, Russia’s TASS news agency said.

“We have no intention to yield to the U.S. demands (at the Hanoi summit) in any form, nor are we willing to engage in negotiations of this kind,” the agency quoted North Korean Vice Foreign Minister Choe Son Hui as saying.

Kim is set to make an official announcement soon on his position regarding talks with the United States and the North’s further actions, it added, citing Choe, who was addressing a news conference in the North Korean capital.

Choe also said Washington threw away a golden opportunity at the summit and warned that Kim might rethink a moratorium on missile launches, the Associated Press news agency added.

The comments run counter to optimism displayed by a U.S. negotiator this week, despite the collapse of last month’s talks in the Vietnamese capital of Hanoi.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: kcna
Keywords: news, cnbc, companies, korea, agency, reports, nuclear, united, states, suspending, korean, rethink, norths, summit, considering, talks, say, north, quoted


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Nvidia’s stock is at a make-or-break level, says chart watcher

Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC. After inspecting Nvidia’s weekly chart, Miller Tabak’s Matt Maley says its stock is nearing a key level that could make or break its recent run. “The thing is, when it stopped going down, it held right at its 200-week moving average, so that’s positive. “Now it’s starting to rally, and it’s breaking back above a key level — its neckline of an inverse head-and-sho


Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC. After inspecting Nvidia’s weekly chart, Miller Tabak’s Matt Maley says its stock is nearing a key level that could make or break its recent run. “The thing is, when it stopped going down, it held right at its 200-week moving average, so that’s positive. “Now it’s starting to rally, and it’s breaking back above a key level — its neckline of an inverse head-and-sho
Nvidia’s stock is at a make-or-break level, says chart watcher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: lizzy gurdus, getty images, brendan mcdermid, daniel acker, bloomberg, david paul morris, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, positive, watcher, nvidias, week, chart, thats, recent, makeorbreak, level, nvidia, maley, key, stock


Nvidia's stock is at a make-or-break level, says chart watcher

Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC.

Shares of the chipmaker are up 11 percent this week after Wednesday’s nearly 4 percent gain. The stock has managed to regain some of its footing after several steep sell-offs in recent months pushed it 42 percent off its October high.

After inspecting Nvidia’s weekly chart, Miller Tabak’s Matt Maley says its stock is nearing a key level that could make or break its recent run.

“The thing is, when it stopped going down, it held right at its 200-week moving average, so that’s positive. Then it kind of traded sideways for a little while, through February, which formed a nice base for the stock,” Maley said Wednesday on CNBC’s “Trading Nation.” “Now it’s starting to rally, and it’s breaking back above a key level — its neckline of an inverse head-and-shoulders pattern.”

Still, Maley stipulated that Nvidia’s stock has to end this week above its 200-week moving average to be able to make a sustained move higher.

“The key thing is, with these necklines, if they break above them in a meaningful way, they shoot up in a major way. But if they fail, they tend to roll over. So this is a key level for the stock,” he said. “And … this is a stock that’s had a lot of momentum money flow out of the stock, so if it can rally further anytime soon, that momentum money’s going to flow back in and be very positive for the stock.”

Susquehanna’s Stacey Gilbert told “Trading Nation” that two tailwinds could help Nvidia’s stock reach that key level: investors increasingly buying into large-cap technology stocks, and Nvidia’s deal to buy Israeli chip designer Mellanox.

“When you think about what the market is saying, obviously, they like [the deal],” Gilbert said. “When you think about what Mellanox is bringing to the table, they have the potential to fill a revenue hole that’s been lost since the crypto collapse. So, overall, I would say, from a fundamental perspective, we certainly like it.”

Gilbert noted that Wall Street sentiment around Nvidia was also largely positive and could hinge on the company’s analyst meeting next week.

“Investors may be hoping that the management talks about the possible synergies,” she said Wednesday. “Our analyst Chris Rolland sees that as being [earnings-per-share]-upside-positive with the synergies that could happen. So, overall while it may not be our favorite name in the space, it’s certainly a name that we like to own.”

Disclosure: Susquehanna Financial Group is a market maker in Nvidia. SFG and/or its affiliates beneficially own 1 percent or more of NVDA’s securities.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: lizzy gurdus, getty images, brendan mcdermid, daniel acker, bloomberg, david paul morris, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, positive, watcher, nvidias, week, chart, thats, recent, makeorbreak, level, nvidia, maley, key, stock


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These FAANG stocks are soaring—and some analysts say they have even more room to run

These FAANG stocks are soaring—and experts say they have even more room to run 21 Hours Ago | 02:39Four climbing FAANG stocks could be poised for an even sharper rally. All five FAANG stocks climbed higher this week as of Tuesday’s close. “We have seen a longer-term breakout of the FAANG group above a downtrend that’s really kept this group intact since last summer,” Newton said. “Many within the FAANG group have underperformed even though technology has been a decent performer, and now, that’s


These FAANG stocks are soaring—and experts say they have even more room to run 21 Hours Ago | 02:39Four climbing FAANG stocks could be poised for an even sharper rally. All five FAANG stocks climbed higher this week as of Tuesday’s close. “We have seen a longer-term breakout of the FAANG group above a downtrend that’s really kept this group intact since last summer,” Newton said. “Many within the FAANG group have underperformed even though technology has been a decent performer, and now, that’s
These FAANG stocks are soaring—and some analysts say they have even more room to run Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: lizzy gurdus, rick kern, getty images, adam jeffery, paul zimmerman, nasdaq, luke sharrett, bloomberg, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, analysts, room, faang, say, group, facebook, newton, run, netflix, trading, apple, alphabet, soaringand, actually, stocks


These FAANG stocks are soaring—and some analysts say they have even more room to run

These FAANG stocks are soaring—and experts say they have even more room to run 21 Hours Ago | 02:39

Four climbing FAANG stocks could be poised for an even sharper rally.

The frequently tied-together stocks of Facebook, Amazon, Apple, Netflix and Google parent Alphabet are outpacing the broader market for 2019, locking in double-digit gains for the year. Two market watchers see more runway ahead of some of the names.

“This week is very important,” Mark Newton of Newton Advisors told CNBC’s “Trading Nation” on Monday. All five FAANG stocks climbed higher this week as of Tuesday’s close.

“We have seen a longer-term breakout of the FAANG group above a downtrend that’s really kept this group intact since last summer,” Newton said. “Many within the FAANG group have underperformed even though technology has been a decent performer, and now, that’s starting to change.”

The technical analyst noted that a recent uptick in investing volume for the group has driven bullish “breakouts” in shares of Alphabet, Facebook and Apple, which managed to break “above a pretty serious range” this week.

And while Newton sees further outperformance for Alphabet, Facebook and Apple, he said that, “potentially, we could see others like Amazon and Netflix follow suit. So I remain bullish on technology. I think, specifically within the group, that the FAANG stocks are actually more technically appealing now than they have been in recent months. So I do like them.”

S&P Global’s Erin Gibbs adopted a different strategy.

“I’m looking for the stocks that are actually growing earnings, that are making more money year over year and are fairly valued, and one of our favorites is Netflix,” she said on “Trading Nation.” “It’s actually expected to have its profits grow above 50 percent this year. There are a lot of companies in this group, including Facebook and Apple, where profits are actually expected to contract, and they’re still not trading at super-low valuations.”

As such, Gibbs recommended staying away from names like Facebook and Apple, which could feel the heat of what many are calling an oncoming earnings recession.

“As investors are processing this slowing economy, I’d definitely avoid those stocks that look more vulnerable and potentially could have their valuations depressed even further and focus on the really strong winners that are able to consistently grow, beat and increase their margins,” Gibbs said.

Disclosure: S&P Global holds shares of Apple, Netflix and Alphabet in advised portfolios.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: lizzy gurdus, rick kern, getty images, adam jeffery, paul zimmerman, nasdaq, luke sharrett, bloomberg, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, analysts, room, faang, say, group, facebook, newton, run, netflix, trading, apple, alphabet, soaringand, actually, stocks


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Apple stock is cheap, no matter how you slice it, market watcher says

Two market watchers agree with Mohan that Apple is a long-term positive bet, and that the current pullback creates an attractive entry point to buy the stock. Chantico Global Advisors’ Gina Sancehz likes Apple based on its valuation, which she believes is cheap relative to its growth trajectory. Even services stocks trade at a higher multiple than Apple is currently trading, so it doesn’t really matter how you view the Apple stock. It’s trading cheap relative to its current mix or cheap it if co


Two market watchers agree with Mohan that Apple is a long-term positive bet, and that the current pullback creates an attractive entry point to buy the stock. Chantico Global Advisors’ Gina Sancehz likes Apple based on its valuation, which she believes is cheap relative to its growth trajectory. Even services stocks trade at a higher multiple than Apple is currently trading, so it doesn’t really matter how you view the Apple stock. It’s trading cheap relative to its current mix or cheap it if co
Apple stock is cheap, no matter how you slice it, market watcher says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: pippa stevens, drew angerer, getty images, adam jeffery, haidar mohammed ali, afp, scott olson, brendan mcdermid, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, watcher, wald, think, long, slice, cheap, apple, key, trading, services, stock, matter, market, higher


Apple stock is cheap, no matter how you slice it, market watcher says

Investors are falling for Apple again.

Shares of the tech giant were slightly higher in Tuesday’s premarket, a day after soaring more than 3 percent on Bank of America’s upgrade of the stock to buy. Analyst Wamsi Mohan said the recent “pullback presents opportunity” to buy the stock, citing factors like “modest re-acceleration in services” and “growth across healthcare, wearables and increasing services penetration” as reasons to own Apple .

The stock has been highly volatile over the last 12 months, sinking to a multiyear low in early January after the company cut its quarterly revenue forecast for the first time in more than 15 years.

The stock has bounced about 26 percent from that low, although it’s still trading in a bear market with shares roughly 23 percent from the October all-time high.

Two market watchers agree with Mohan that Apple is a long-term positive bet, and that the current pullback creates an attractive entry point to buy the stock.

Chantico Global Advisors’ Gina Sancehz likes Apple based on its valuation, which she believes is cheap relative to its growth trajectory.

“This company has continued to put earnings after earnings, and so I think that if you look at it over the long term I would consider it the value stock of the technology sector,” she said Monday on CNBC’s “Trading Nation.” “It is very robust, and I think that’s what you need right now going into the year.”

Many Apple bears have cited slowing iPhone sales as reason to shed the stock. Apple bulls, on the other hand, have pointed to the growth potential for the services business as reason to own the stock for the long term. Sanchez believes the stock looks good no matter which way you value it.

“I think there’s a lot of talk right now that Apple is not really going to focus on its iPhone sales anymore, they’re going to be focused on services. Even services stocks trade at a higher multiple than Apple is currently trading, so it doesn’t really matter how you view the Apple stock. It’s trading cheap relative to its current mix or cheap it if continues to focus on wearables and services in its ecosystem. Either way it’s cheap,” she said.

Apple trades at 14.8 times next 12 months’ expected earnings, according to estimates from FactSet.

Oppenheimer’s Ari Wald argues that it might take Apple a little bit of time to regain its prior high, but that in the long run it’s heading back in that direction. As the economy slows, Wald said, investors will favor high-growth names — especially in technology.

“The key long-term positive for us are the top-down tailwinds from what we see as a broadly and relatively strong technology sector. We continue to think that a premium gets placed on these high-growth companies in a low-growth world,” he said on “Trading Nation.”

He’s not buying the stock just yet because of a key technical indicator. Apple’s 200-day moving average is currently sloping sideways, he noted, which means the stock may be range bound in the near term.

The key level Wald is watching is $185. If the stock can break above there — which it last did in November — he believes a rally could be next. That’s 3.4 percent higher than Monday’s closing price of $178.90.


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: pippa stevens, drew angerer, getty images, adam jeffery, haidar mohammed ali, afp, scott olson, brendan mcdermid, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, watcher, wald, think, long, slice, cheap, apple, key, trading, services, stock, matter, market, higher


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