Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on Iran

Goldman Sachs expects the United States’ decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited impact on crude prices, even though the timing is likely to have caught energy market participants by surprise. “While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived Brent price trading range of $70-75 per barrel for the second quarter of 2019,” the U.S. investment bank said in a research note published Monday, Reut


Goldman Sachs expects the United States’ decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited impact on crude prices, even though the timing is likely to have caught energy market participants by surprise. “While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived Brent price trading range of $70-75 per barrel for the second quarter of 2019,” the U.S. investment bank said in a research note published Monday, Reut
Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on Iran Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: sam meredith, raheb homavandi
Keywords: news, cnbc, companies, iranian, goldman, rally, waivers, sachs, tightening, worlds, oil, expecting, iran, despite, price, facing, crude, buying, upside, economies, sanctions


Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on Iran

Goldman Sachs expects the United States’ decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited impact on crude prices, even though the timing is likely to have caught energy market participants by surprise.

“While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived Brent price trading range of $70-75 per barrel for the second quarter of 2019,” the U.S. investment bank said in a research note published Monday, Reuters reported.

The world’s largest economy said Monday that from May 1, it would eliminate all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions.

These eight economies that were initially allowed to continue buying Iranian crude without facing penalties include: China, India, Japan, Turkey, Italy, Greece, South Korea and Taiwan.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: sam meredith, raheb homavandi
Keywords: news, cnbc, companies, iranian, goldman, rally, waivers, sachs, tightening, worlds, oil, expecting, iran, despite, price, facing, crude, buying, upside, economies, sanctions


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w


Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w
Twitter is surging and the rally shows no signs of slowing, chart analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35

Twitter is surging.

The stock rose more than 10% in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high.

Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge.

“Even though Snap and Facebook have seen a series of nice higher highs and higher lows, they’re getting very extended and very overbought,” Maley said.

Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain.

Twitter has “been stuck in a sideways range for six months now and you really have to go back to June before it was really rallying in any significant way,” Maley said Monday on CNBC’s “Trading Nation.”

Twitter had ping-ponged in a tight range between roughly $26 and $35. It had not traded above that level since mid-2018 until Tuesday when it broke out above $38.

It now needs to hold that level through to the close, said Maley.

“If it can hold above that range ($36.25 is the top of that range on a closing basis), it’s going to be quite positive,” Maley said in an email on Tuesday. “It hasn’t attracted any ‘momentum money’ for 10 months. If it continues to break above that range over the coming days, it’s going to attract some of that momentum money (much like FB did after they reported their 4th quarter earnings).”

Twitter led the XLC communications services sector ETF higher Tuesday. The ETF has added 20% in 2019, outpacing the 16% gain of the S&P 500.

However, Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, says to steer clear of the group.

“We would avoid this altogether,” Morganlander said on “Trading Nation” on Monday. “In fact, because of the concentration risk about 40% of this sector is based off of two companies and the other top 10, it’s basically 70%.”

Alphabet has the largest weighting in the XLC, contributing 24%, and Facebook chases with a 19% weighting. The next three components – Disney, Comcast and Netflix, contribute more than 15%.

“Our viewpoint is that the social media companies as well as some of the search companies are stretched at this inflection point,” said Morganlander.

Disclosure: Comast owns CNBC parent NBCUniversal, which is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w


Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35Twitter is surging. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high. Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge. Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain. Alphabet has the largest w
Twitter is surging and the rally shows no signs of slowing, chart analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Twitter is surging and the rally shows no signs of slowing, chart analyst says

Why this trader says Twitter has more upside potential than Facebook, Snap 22 Hours Ago | 02:35

Twitter is surging.

The stock rose more than 10% in early trading Tuesday after beating earnings and topping sales estimates for its first quarter. That move also pushed Twitter out of bear market territory, now less than 20% off its 52-week high.

Matt Maley, equity strategist at Miller Tabak, said that Twitter still looks like the social stock with the most upside even with Tuesday’s surge.

“Even though Snap and Facebook have seen a series of nice higher highs and higher lows, they’re getting very extended and very overbought,” Maley said.

Facebook has added nearly 40% this year, while Snap has rocketed 117% higher, compared with Twitter’s 35% gain.

Twitter has “been stuck in a sideways range for six months now and you really have to go back to June before it was really rallying in any significant way,” Maley said Monday on CNBC’s “Trading Nation.”

Twitter had ping-ponged in a tight range between roughly $26 and $35. It had not traded above that level since mid-2018 until Tuesday when it broke out above $38.

It now needs to hold that level through to the close, said Maley.

“If it can hold above that range ($36.25 is the top of that range on a closing basis), it’s going to be quite positive,” Maley said in an email on Tuesday. “It hasn’t attracted any ‘momentum money’ for 10 months. If it continues to break above that range over the coming days, it’s going to attract some of that momentum money (much like FB did after they reported their 4th quarter earnings).”

Twitter led the XLC communications services sector ETF higher Tuesday. The ETF has added 20% in 2019, outpacing the 16% gain of the S&P 500.

However, Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, says to steer clear of the group.

“We would avoid this altogether,” Morganlander said on “Trading Nation” on Monday. “In fact, because of the concentration risk about 40% of this sector is based off of two companies and the other top 10, it’s basically 70%.”

Alphabet has the largest weighting in the XLC, contributing 24%, and Facebook chases with a 19% weighting. The next three components – Disney, Comcast and Netflix, contribute more than 15%.

“Our viewpoint is that the social media companies as well as some of the search companies are stretched at this inflection point,” said Morganlander.

Disclosure: Comast owns CNBC parent NBCUniversal, which is an investor in Snap .


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: keris lahiff, david becker, getty images news, getty images, daniel acker, bloomberg, michael nagle, eddie seal, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, surging, weighting, maley, signs, chart, twitter, facebook, xlc, rally, higher, companies, snap, range, trading, slowing, shows, analyst


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Snap rally fades after earnings beat

Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%. “Our primary concern is when you have a young


Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%. “Our primary concern is when you have a young
Snap rally fades after earnings beat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: salvador rodriguez, mark lennihan, getty images
Keywords: news, cnbc, companies, vs, users, user, growth, cents, million, snap, forecast, daily, earnings, rally, beat, fades


Snap rally fades after earnings beat

Snap surged after its earnings report, and here’s what the CEO said that had investors so excited 34 Mins Ago | 05:34

The company posted a slimmer-than-expected loss for the first quarter as it continued to grow its user base and advertising revenue.

Here’s how the company did compared with analyst projections:

Loss per share: 10 cents vs. 12 cents forecast by Refinitiv

10 cents vs. 12 cents forecast by Refinitiv Revenue: $320 million vs. $307 million forecast by Refinitiv

$320 million vs. $307 million forecast by Refinitiv Global daily active users (DAUs): 190 million vs. 187.22 million forecast by FactSet

190 million vs. 187.22 million forecast by FactSet ARPU: $1.68 vs. $1.62 forecast by FactSet

“In the first quarter we delivered strong results across our business with growth in daily active users and revenue,” said CEO Evan Spiegel in a statement.

Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter.

Snap’s share price is up more than 100% year to date after a fast start in 2019. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. The company has also completed the roll out of its re-engineered Android app.

“As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth,” Spiegel said.

Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%.

One analyst expressed caution with Snap’s user base and how attractive it can be to advertisers.

“Our primary concern is when you have a younger millennial audience on this platform, can you monetize this audience?” said Brent Thill of Jefferies.

Disclosure: CNBC parent NBCUniversal is an investor in Snap .

WATCH: Facebook, Snapchat and TikTok have a massive underage user problem — here’s why it matters


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: salvador rodriguez, mark lennihan, getty images
Keywords: news, cnbc, companies, vs, users, user, growth, cents, million, snap, forecast, daily, earnings, rally, beat, fades


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Snap rally fades after earnings beat

Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%. “Our primary concern is when you have a young


Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%. “Our primary concern is when you have a young
Snap rally fades after earnings beat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: salvador rodriguez, mark lennihan, getty images
Keywords: news, cnbc, companies, vs, users, user, growth, cents, million, snap, forecast, daily, earnings, rally, beat, fades


Snap rally fades after earnings beat

Snap surged after its earnings report, and here’s what the CEO said that had investors so excited 42 Mins Ago | 05:34

The company posted a slimmer-than-expected loss for the first quarter as it continued to grow its user base and advertising revenue.

Here’s how the company did compared with analyst projections:

Loss per share: 10 cents vs. 12 cents forecast by Refinitiv

10 cents vs. 12 cents forecast by Refinitiv Revenue: $320 million vs. $307 million forecast by Refinitiv

$320 million vs. $307 million forecast by Refinitiv Global daily active users (DAUs): 190 million vs. 187.22 million forecast by FactSet

190 million vs. 187.22 million forecast by FactSet ARPU: $1.68 vs. $1.62 forecast by FactSet

“In the first quarter we delivered strong results across our business with growth in daily active users and revenue,” said CEO Evan Spiegel in a statement.

Snap kept its user growth momentum going on Tuesday, saying it now counts 190 million daily active users, up from 186 million last quarter.

Snap’s share price is up more than 100% year to date after a fast start in 2019. Besides resurging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. The company has also completed the roll out of its re-engineered Android app.

“As we look towards the future, we see many opportunities to increase our investments, and will continue to manage our business for long-term growth,” Spiegel said.

Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%.

One analyst expressed caution with Snap’s user base and how attractive it can be to advertisers.

“Our primary concern is when you have a younger millennial audience on this platform, can you monetize this audience?” said Brent Thill of Jefferies.

Disclosure: CNBC parent NBCUniversal is an investor in Snap .

WATCH: Facebook, Snapchat and TikTok have a massive underage user problem — here’s why it matters


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: salvador rodriguez, mark lennihan, getty images
Keywords: news, cnbc, companies, vs, users, user, growth, cents, million, snap, forecast, daily, earnings, rally, beat, fades


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Bank stocks could rally on the ‘slightest’ good news in earnings reports, Jim Cramer says

The banking sector will set the tone for earnings season when the group begins delivering quarterly results on Friday, CNBC’s Jim Cramer said Thursday. Investors are trying to anticipate the results, Cramer said. He has left his successor with a clean bank that’s returned to growth in a very short period of time,” Cramer said. The bank has fallen into a habit of missing numbers and buying back stock, Cramer noted. Morgan Stanley: The investment bank will present its quarterly earnings before the


The banking sector will set the tone for earnings season when the group begins delivering quarterly results on Friday, CNBC’s Jim Cramer said Thursday. Investors are trying to anticipate the results, Cramer said. He has left his successor with a clean bank that’s returned to growth in a very short period of time,” Cramer said. The bank has fallen into a habit of missing numbers and buying back stock, Cramer noted. Morgan Stanley: The investment bank will present its quarterly earnings before the
Bank stocks could rally on the ‘slightest’ good news in earnings reports, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: tyler clifford
Keywords: news, cnbc, companies, bank, good, share, reports, market, stock, results, slightest, stocks, jim, rally, earnings, thats, quarterly, cramer


Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer says

The banking sector will set the tone for earnings season when the group begins delivering quarterly results on Friday, CNBC’s Jim Cramer said Thursday.

“The banks are the group that sets the tone for earnings season, and that’s a lucky thing because this time their stocks are coming in ice cold, which means that they should be able to rally on even the slightest positive provocation,” the “Mad Money” host said.

Investors are trying to anticipate the results, Cramer said. The Dow Jones Industrial Average shaved off about 14 points and the Nasdaq Composite lost more than 16 points. The S&P 500, however, was virtually unchanged during the session.

“The fear is palpable that earnings could be down year-over-year, but no one wants to leave the table because stocks are still the only game in town,” he said. “Even though we’ve had a real slowdown since the Fed’s last rate hike, the alternative to stocks — the bond market — once again offers only paltry returns.”

Cramer revealed what he expects to hear from the major banks:

J. P. Morgan Chase: Chase reports before the market open on Friday. The stock is up $15 from its December lows. Cramer recommends buying the premier bank while its at a 3% yield. CEO Jamie Dimon could have good news for shareholders, Cramer said.

Wells Fargo: Wells Fargo will also report quarterly results Friday morning, and it could be a better buy than J.P. Morgan with its share price up just about $4 per share from its December lows, Cramer said. The $47 stock price is cheap, trading at nine-times earnings with a 3.8% yield, he said. Although the bank has been operating under an interim CEO since Tim Sloan’s departure last month, the host suggests buying in before a permanent CEO is installed.

“As a devotee of Tim Sloan, the now-retired chief executive who fell on his sword to protect the company from bad PR, I’ve gotta say, it’s not like he quit when the going was tough. He has left his successor with a clean bank that’s returned to growth in a very short period of time,” Cramer said. “You’re going to hear that Warren Buffett, the bank’s biggest shareholder, likes the new choice and that’s gonna bring in buyers.”

Goldman Sachs: Goldman Sachs plans to give its earning report Monday morning. Cramer expects the investment bank will reveal an “amazing number” that won’t budge the stock, which closed less than $203 on Thursday. The Malaysian fraud scandal and corresponding fines need to be resolved before the share price can climb back towards $262, Cramer said, but it’s hard to believe that it will plummet on bad news. It could be worth owning.

Citigroup: Citigroup will come out with results before the market opens Monday. The bank has fallen into a habit of missing numbers and buying back stock, Cramer noted. Shareholders want to see that Citigroup can still grow, he said.

Bank of America: Bank of America is slated to release its latest earnings prior to the bell on Tuesday. Cramer noted the stock is $2 off its 52-week high. The bank would have to deliver a huge upside surprise for it to rally, and the security is at 10-times earnings, which is more expensive than most of its peers, he said.

Morgan Stanley: The investment bank will present its quarterly earnings before the market opens Wednesday. Cramer said this one has the most potential to surprise investors with good numbers. He has faith in the CEO.

“CEO James Gorman has gotten this place humming after a less-than-stellar previous quarter,” the host said. “I have rarely seen a chief executive who seems more motivated to crush the numbers this quarter than this man.”


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: tyler clifford
Keywords: news, cnbc, companies, bank, good, share, reports, market, stock, results, slightest, stocks, jim, rally, earnings, thats, quarterly, cramer


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Charts show a double-digit rally could be in store for tech and oil stocks, Jim Cramer says

Technology and oil stocks have rebounded after the fourth-quarter sell-off and investors should be conscious of how much farther they could run, CNBC’s Jim Cramer said Tuesday. Cramer said Garner’s analysis suggests the tech run may be unsustainable, but the sector could hit new highs before investors begin selling and taking profits off the table. She argues the the Nasdaq 100 could rise another 3% from current levels to touch its all-time high and trigger a short-lived pullback. If the index b


Technology and oil stocks have rebounded after the fourth-quarter sell-off and investors should be conscious of how much farther they could run, CNBC’s Jim Cramer said Tuesday. Cramer said Garner’s analysis suggests the tech run may be unsustainable, but the sector could hit new highs before investors begin selling and taking profits off the table. She argues the the Nasdaq 100 could rise another 3% from current levels to touch its all-time high and trigger a short-lived pullback. If the index b
Charts show a double-digit rally could be in store for tech and oil stocks, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: tyler clifford
Keywords: news, cnbc, companies, run, levels, chart, higher, stocks, tech, doubledigit, cramer, store, rally, garner, charts, oil, current, jim, thinks


Charts show a double-digit rally could be in store for tech and oil stocks, Jim Cramer says

Technology and oil stocks have rebounded after the fourth-quarter sell-off and investors should be conscious of how much farther they could run, CNBC’s Jim Cramer said Tuesday.

He looked at chart patterns provided by commodity broker Carley Garner, co-founder of DeCarley Trading, to see where the stock prices could be headed. Technical analysis examines the price history to determine when to buy or trade a security.

“Oil and technology have led this market higher for months and now the charts, as interpreted by Carley Garner, suggest that they’re running into some resistance,” the “Mad Money” host said.

Cramer highlighted that crude and the tech-heavy Nasdaq 100 have been trading in near lockstep over the past 180 sessions — peaking at the same time in October and bottoming at the same time in December — although tech has bounced harder.

“But she thinks both groups could have, alas, one more hurrah, with oil having more potential upside,” he added. “My view? Hey, I’ll take it.”

Cramer said Garner’s analysis suggests the tech run may be unsustainable, but the sector could hit new highs before investors begin selling and taking profits off the table. Even though big institutions are still bearish on tech stocks and short-sellers have gotten squeezed, Cramer said that negativity is a positive for the bull market.

But the gears appear to be changing. Based on moves illustrated in a weekly chart dating back to 1999, Garner thinks the rally can only be sustained on legitimate bullish bets, the host said. She argues the the Nasdaq 100 could rise another 3% from current levels to touch its all-time high and trigger a short-lived pullback. If the index breaks above that 7,835 mark, it could run as high as 8,455 — 11% higher from current levels.

If her analysis turns out to be wrong, the floor of support is at 6,550 — 13% below current levels — and a more unfavorable one of 5,610 — 26% under, Cramer explained.

“Whether or not this tech rally has one more leg higher, or not, Garner says that sooner or later we’re going to get a correction and she expects it to be fairly painful,” he said. “So if the tech cohort keeps climbing from here, she recommends gradually ringing the register on the way up to protect your profits.”

On the oil side, Cramer said Garner has a “terrific” track record. She called that oil would rebound from the low $40s in late 2018 to $63, he said. Oil has reached $64, according to the weekly chart of West Texas Intermediate crude.

She thinks the bulls could be in long-term position to take oil to $80 a barrel, despite the ceiling of resistance at current levels, Cramer explained. If crude can break above $64 and through $79, prices could run to $85 where bear traders could gain an edge, he said.

“In the short-term, though, Garner says oil could pull back to its floor of support at $55, but she thinks that’s unlikely and you’d want to be a buyer at those levels, anyway,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: tyler clifford
Keywords: news, cnbc, companies, run, levels, chart, higher, stocks, tech, doubledigit, cramer, store, rally, garner, charts, oil, current, jim, thinks


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Micron is surging, but chart points to a more than 50% drop, technician says

A handful of cheap stocks — including Micron, Lennar, Freeport-McMoRan and Goldman Sachs – trade at less than 10 times trailing earnings but have notched double-digit rallies for the year. “Even though Micron has participated in the rally, this is not a catch-up trade you want to be involved in,” Gordon said Thursday on CNBC’s “Trading Nation.” Micron could be in for a sharp decline, says Gordon, based on the two prior pullbacks, in 2011 and in 2015. “If you were to do a trendline in Micron, a f


A handful of cheap stocks — including Micron, Lennar, Freeport-McMoRan and Goldman Sachs – trade at less than 10 times trailing earnings but have notched double-digit rallies for the year. “Even though Micron has participated in the rally, this is not a catch-up trade you want to be involved in,” Gordon said Thursday on CNBC’s “Trading Nation.” Micron could be in for a sharp decline, says Gordon, based on the two prior pullbacks, in 2011 and in 2015. “If you were to do a trendline in Micron, a f
Micron is surging, but chart points to a more than 50% drop, technician says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: keris lahiff, kai pfaffenbach, getty images, handout, getty images entertainment, jeenah moon, bloomberg, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, technician, sachs, chart, going, trendline, trade, trading, gordon, bapis, points, surging, micron, drop, environment, 50, rally


Micron is surging, but chart points to a more than 50% drop, technician says

A handful of value stocks are surging, and two look like a buy 5:08 PM ET Thu, 4 April 2019 | 03:18

These could be some of Wall Street’s most valuable players.

A handful of cheap stocks — including Micron, Lennar, Freeport-McMoRan and Goldman Sachs – trade at less than 10 times trailing earnings but have notched double-digit rallies for the year.

Beware of one of those names, says Todd Gordon, founder of TradingAnalysis.com.

“Even though Micron has participated in the rally, this is not a catch-up trade you want to be involved in,” Gordon said Thursday on CNBC’s “Trading Nation.”

Micron could be in for a sharp decline, says Gordon, based on the two prior pullbacks, in 2011 and in 2015.

“Average those [declines] up and give us about a 70% decline,” said Gordon. “If you were to do a trendline in Micron, a full 70% drop would put you right on top of the trendline which would be around $20 in Micron.”

“The rally that we’ve seen is losing momentum as evidenced simply by the relative strength index. We’re making a series of lower highs in the RSI as Micron has been making higher highs in price, so momentum is being lost,” he added.

Micron has rallied 35% this year, ahead of the 29% rally in the SMH semiconductor ETF.

Goldman Sachs, on the other hand, could be setting up for a bigger breakout, says Michael Bapis, managing director at Vios Advisors at Rockefeller Capital Management.

“Let’s start with fundamentals. You’re going to see M&A activity is up, IPO activity is up, the markets are rallying, there’s corporate cash on the balance sheet as far as anybody can see and you have a positive environment — you have a regulatory environment that’s positive and you also have an acquisition environment that’s going to keep going,” Bapis said on Thursday’s segment.

Goldman Sachs is surging past the rest of the market this year. It has added 21% in 2019, roughly double the gains on the XLF financials ETF.

“Goldman Sachs is a leader of the industry. It’s trading at the middle of their range at 8 times earnings. I would look to see that stock being higher by the end of the year,” said Bapis.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: keris lahiff, kai pfaffenbach, getty images, handout, getty images entertainment, jeenah moon, bloomberg, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, technician, sachs, chart, going, trendline, trade, trading, gordon, bapis, points, surging, micron, drop, environment, 50, rally


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

New chart shows market rally off December low is similar to 1998 boom

Chart shows market rebound is second best ever during a non-recession… behind the 1998 tech boom 4 Hours Ago | 01:49The market rally is mimicking a trend that hasn’t been seen in more than two decades, according to Avalon Advisors’ Bill Stone. He highlighted the pattern on CNBC’s “Trading Nation” in a chart that compares 2018-2019 sharp gains with the average rebound during post-World War II non-recessionary periods. Stone’s takeaway: It looks a lot like the dot-com boom based on 65 trading days


Chart shows market rebound is second best ever during a non-recession… behind the 1998 tech boom 4 Hours Ago | 01:49The market rally is mimicking a trend that hasn’t been seen in more than two decades, according to Avalon Advisors’ Bill Stone. He highlighted the pattern on CNBC’s “Trading Nation” in a chart that compares 2018-2019 sharp gains with the average rebound during post-World War II non-recessionary periods. Stone’s takeaway: It looks a lot like the dot-com boom based on 65 trading days
New chart shows market rally off December low is similar to 1998 boom Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: stephanie landsman, drew angerer, getty images news, getty images, david becker, us air force photo samuel king jr, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, second, trading, high, dotcom, ii, rebound, similar, market, shows, rally, boom, 1998, stone, chart, low, war


New chart shows market rally off December low is similar to 1998 boom

Chart shows market rebound is second best ever during a non-recession… behind the 1998 tech boom 4 Hours Ago | 01:49

The market rally is mimicking a trend that hasn’t been seen in more than two decades, according to Avalon Advisors’ Bill Stone.

He highlighted the pattern on CNBC’s “Trading Nation” in a chart that compares 2018-2019 sharp gains with the average rebound during post-World War II non-recessionary periods.

Stone’s takeaway: It looks a lot like the dot-com boom based on 65 trading days since the December low.

“This rally is second only to that 1998 rally in terms of the strength of it,” the firm’s chief investment officer said Wednesday.

In a note out Monday, Stone wrote “Our analysis of rebounds following large declines since World War II puts this rebound at the high end of the typical at this point.”

According to Stone, stocks typically rebound 13 percent when a drop isn’t connected to a recession.

Since the December meltdown, the S&P 500 has surged more than 22 percent. The index is now just 2 percent off its all-time high of 2,940, hit last September — a level he expects will be surpassed this year.

Stone, whose firm has $8.5 billion in assets under management, doesn’t believe the rally’s power is a harbinger of an eventual dot-com bubble-like demise. He contends the underpinnings of the economy are secure, the Federal Reserve is dovish and a China trade deal will ultimately help multinational companies regain earnings momentum.

“Even if it goes back and reverts to a normal rally with no recession, you still have some decent upside left for the rest of the year,” Stone said.


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: stephanie landsman, drew angerer, getty images news, getty images, david becker, us air force photo samuel king jr, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, second, trading, high, dotcom, ii, rebound, similar, market, shows, rally, boom, 1998, stone, chart, low, war


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: ‘We’re in trouble’ if JP Morgan’s stock doesn’t rally when it reports earnings

It’ll be a bad sign for the market if J.P. Morgan Chase’s stock doesn’t rally when it reports earnings next week, Jim Cramer said Thursday. J.P. Morgan is scheduled to report first-quarter earnings before the market opens on April 12. “If that stock doesn’t go up when it reports, we’re in trouble,” Cramer, whose charitable trust owns share of J.P. Morgan, said on “Squawk Box.” Earlier Thursday, J.P. Morgan CEO Jamie Dimon released his annual must-read letter to shareholders. Cramer, who also has


It’ll be a bad sign for the market if J.P. Morgan Chase’s stock doesn’t rally when it reports earnings next week, Jim Cramer said Thursday. J.P. Morgan is scheduled to report first-quarter earnings before the market opens on April 12. “If that stock doesn’t go up when it reports, we’re in trouble,” Cramer, whose charitable trust owns share of J.P. Morgan, said on “Squawk Box.” Earlier Thursday, J.P. Morgan CEO Jamie Dimon released his annual must-read letter to shareholders. Cramer, who also has
Cramer: ‘We’re in trouble’ if JP Morgan’s stock doesn’t rally when it reports earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, morgans, jp, letter, dimon, morgan, trouble, rally, financials, stock, doesnt, earnings, reports, possible, cramer


Cramer: 'We're in trouble' if JP Morgan's stock doesn't rally when it reports earnings

It’ll be a bad sign for the market if J.P. Morgan Chase’s stock doesn’t rally when it reports earnings next week, Jim Cramer said Thursday.

J.P. Morgan is scheduled to report first-quarter earnings before the market opens on April 12. Cramer, host of CNBC’s “Mad Money,” said the bank has been a “lead dog” of the financials sector, which has risen 10.8 percent this year. J.P. Morgan’s stock is up 7.2 percent over that period.

“If that stock doesn’t go up when it reports, we’re in trouble,” Cramer, whose charitable trust owns share of J.P. Morgan, said on “Squawk Box.”

Earlier Thursday, J.P. Morgan CEO Jamie Dimon released his annual must-read letter to shareholders. In the letter, Dimon said his bank, the largest by assets in the U.S., is bracing for a possible economic slowdown, though he does not expect a recession.

In recent months, a growing list of economists and business elite has predicted a downturn, as have warning signs from the bond market.

“The key point here is that a fairly healthy U.S. economy will be confronting a wide variety of issues in 2020 and 2021,” Dimon wrote. “It’s hard to look at all the issues facing the world and not think that the range of possible outcomes is broader and that the odds of bad outcomes might be increasing.”

Cramer, who also has said he doesn’t expect a recession any time soon, said he’s “worried” about Dimon’s letter. “The financials are inching up, but if the financials don’t catch fire, we can’t just do it with semiconductors,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, morgans, jp, letter, dimon, morgan, trouble, rally, financials, stock, doesnt, earnings, reports, possible, cramer


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post