These five stocks are the best performers since man landed on the moon

Fifty years ago, man landed on the moon and a handful of stocks took off into the stratosphere. At least one of those stocks still has more fuel in its jet, says Craig Johnson, chief market technician at Piper Jaffray. “The second stock is Disney,” Johnson added. Ride-hailing companies Uber and Lyft have underperformed since making their market debut earlier this year. Disclosure: Tatro and Joule are long Disney, Lyft and Uber.


Fifty years ago, man landed on the moon and a handful of stocks took off into the stratosphere. At least one of those stocks still has more fuel in its jet, says Craig Johnson, chief market technician at Piper Jaffray. “The second stock is Disney,” Johnson added. Ride-hailing companies Uber and Lyft have underperformed since making their market debut earlier this year. Disclosure: Tatro and Joule are long Disney, Lyft and Uber.
These five stocks are the best performers since man landed on the moon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: keris lahiff
Keywords: news, cnbc, companies, stock, disney, lyft, stocks, moon, companies, tatro, market, johnson, uber, best, performers, price, perspective, landed, man


These five stocks are the best performers since man landed on the moon

Houston, we have liftoff.

Fifty years ago, man landed on the moon and a handful of stocks took off into the stratosphere. Since July 1969, McDonald’s has rocketed more than 82,000%, Lowe’s nearly 70,000%, Altria 49,000%, Hasbro 43,000% and Disney 40,000%.

At least one of those stocks still has more fuel in its jet, says Craig Johnson, chief market technician at Piper Jaffray.

“If you look at McDonald’s, it’s been a slow and steady burn higher here in this stock and from our perspective, there’s been this really nice price channel that’s been unfolding over the past five years,” Johnson said Thursday on CNBC’s “Trading Nation. ”

“A move to the upper end of the price channel can put this stock up toward $265, so from our perspective that’s one that we would continue to focus on,” said Johnson.

A rally to $265 implies 23% upside from current levels. It would also mark a record for the stock, which hit an all-time high Thursday.

“The second stock is Disney,” Johnson added. “This stock has been forming a really nice consolidation over the last five years. It recently just broke out. We added it into our model portfolio and from our perspective based upon the size of the breakout, we could see this stock moving up toward $160. So clearly this is a stock that has more room to run.”

Disney could add another 13% before it hits $160, also a record high for the stock, which hit an all-time peak a week ago.

Quint Tatro, president of Joule Financial, says Disney is the best in show among the top winners over the last half century.

“This is a company that continues to reinvent themselves. We like them. We own them. We do believe in the next 50 years, we’ll still be talking about Disney,” said Tatro.

However, Tatro is more excited about the companies whose innovation will dominate the consumer space, and stock market, over the next 50 years.

“We do like what we believe are the future of great American franchise companies like an Uber or a Lyft and, I know not very popular, but our belief is that these industry-revolutionizing companies are going to be the ones that compound over the next several decades and the ones that provide the great opportunities going forward, ” said Tatro.

Ride-hailing companies Uber and Lyft have underperformed since making their market debut earlier this year. Uber is trading 3% below its March IPO price, while Lyft has climbed 9% off its own.

Disclosure: Tatro and Joule are long Disney, Lyft and Uber.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: keris lahiff
Keywords: news, cnbc, companies, stock, disney, lyft, stocks, moon, companies, tatro, market, johnson, uber, best, performers, price, perspective, landed, man


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After Chevron’s biggest sell-off in a year, market watcher sees opportunity

The major oil company tumbled 5% on Friday in its biggest one-day drop since February 2018 after announcing a $33 billion deal to buy Anadarko Petroleum. While Chevron dropped on the deal, Joule Financial founder Quint Tatro sees opportunity in its weakness. “Even though the group as a whole seems to be getting a boost, obviously Chevron, the buyer, is not,” Tatro said on CNBC’s “Trading Nation” on Friday. Craig Johnson, chief market technician at Piper Jaffray, is more conservative on the energ


The major oil company tumbled 5% on Friday in its biggest one-day drop since February 2018 after announcing a $33 billion deal to buy Anadarko Petroleum. While Chevron dropped on the deal, Joule Financial founder Quint Tatro sees opportunity in its weakness. “Even though the group as a whole seems to be getting a boost, obviously Chevron, the buyer, is not,” Tatro said on CNBC’s “Trading Nation” on Friday. Craig Johnson, chief market technician at Piper Jaffray, is more conservative on the energ
After Chevron’s biggest sell-off in a year, market watcher sees opportunity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: keris lahiff, daniel acker, bloomberg, getty images, vcg, bryan r smith, afp, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, chevron, petroleum, tatro, market, selloff, chevrons, biggest, names, watcher, sees, xle, obviously, energy, trading, opportunity, oil, youve


After Chevron's biggest sell-off in a year, market watcher sees opportunity

Chevron is starting the week fresh on the heels of its worst day in more than a year.

The major oil company tumbled 5% on Friday in its biggest one-day drop since February 2018 after announcing a $33 billion deal to buy Anadarko Petroleum. Occidental Petroleum also reportedly is interested in the oil and gas exploration company.

While Chevron dropped on the deal, Joule Financial founder Quint Tatro sees opportunity in its weakness.

“Even though the group as a whole seems to be getting a boost, obviously Chevron, the buyer, is not,” Tatro said on CNBC’s “Trading Nation” on Friday. “You’ve got to look at a name like this that is trading 14 to 15 times forward earnings. … Obviously they’re spending $30 billion to try to grow that profit, so we like the acquisition.”

Chevron is expected to post a 2019 earnings contraction of 14 percent, followed by a 23 percent surge in 2020, according to FactSet.

“We need to do a lot more work really into the fundamentals to see how this will be accretive to the bottom line,” said Tatro. “Basically it expands their shale play, their deep-water drilling, so it’s hard to do but ultimately I think this is a day where you’ve got to hold your nose and you go in and you add to your Chevron position.”

Tatro also likes Chevron for its strong balance sheet and steady dividend. The company yields 4%, double the S&P 500.

Craig Johnson, chief market technician at Piper Jaffray, is more conservative on the energy group as a whole.

The XLE energy ETF “still is at a point where we need to get above about $68. That’s where your 200-day moving average is at, which is declining,” Johnson said Friday on “Trading Nation.” “There’s still a long way to go. Again, I like energy, but I’m more of a neutral to these names. Is the M&A activity going to put a little bit of a bid under these names? It probably will, but I’d rather be a selective buyer of these names, especially the XLE.”

The XLE ETF has not traded above its 200-day moving average since October. It has fallen 7% since then.

Disclosure: Joule Financial holds CVX.


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: keris lahiff, daniel acker, bloomberg, getty images, vcg, bryan r smith, afp, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, chevron, petroleum, tatro, market, selloff, chevrons, biggest, names, watcher, sees, xle, obviously, energy, trading, opportunity, oil, youve


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Wells Fargo’s stock is a ‘classic value trap,’ strategist warns

Betting on Wells Fargo might not be a safe bet, according to one strategist. But even these lows aren’t enough to make Joule Financial founder and investment chief Quint Tatro get bullish on Wells Fargo. “With Tim Sloan gone, I think that’s a positive, but they’ve got to bring somebody in who’s going to innovate. Still, he couldn’t completely discount Tatro’s argument that Wells Fargo isn’t exactly the cream of the crop in the financial sector. I don’t hold Wells Fargo.”


Betting on Wells Fargo might not be a safe bet, according to one strategist. But even these lows aren’t enough to make Joule Financial founder and investment chief Quint Tatro get bullish on Wells Fargo. “With Tim Sloan gone, I think that’s a positive, but they’ve got to bring somebody in who’s going to innovate. Still, he couldn’t completely discount Tatro’s argument that Wells Fargo isn’t exactly the cream of the crop in the financial sector. I don’t hold Wells Fargo.”
Wells Fargo’s stock is a ‘classic value trap,’ strategist warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: lizzy gurdus, shannon stapleton, scott mlyn, brendan smialowski, afp, getty images, rosley majid, eyeem, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, stock, hold, tatro, gordon, fargos, warns, thats, trading, think, disrupted, strategist, trap, wells, classic, going, value, fargo


Wells Fargo's stock is a 'classic value trap,' strategist warns

Betting on Wells Fargo might not be a safe bet, according to one strategist.

The stock caught Wall Street’s attention Thursday following the company’s announcement that CEO Tim Sloan was retiring effective immediately. Shares initially surged on the news in after-hours trading before reversing and shedding over 1.5 percent in Friday’s session.

But even these lows aren’t enough to make Joule Financial founder and investment chief Quint Tatro get bullish on Wells Fargo.

“If you want to own a stock like this for the dividend, I think that’s fine, but if you’re looking for any sort of capital appreciation or upward bias over the next year or so, I think you’re going to be sadly mistaken. It’s a classic value trap,” Tatro said Friday on CNBC’s “Trading Nation.”

Some fundamentalists will argue that Wells Fargo is indeed a safe bet that gives investors a “decent return on assets” and pays out roughly $7 a share, but its problems may outweigh its benefits, Tatro argued.

“The problem is, obviously, they have a major public issue. They lost all trust,” he said. “With Tim Sloan gone, I think that’s a positive, but they’ve got to bring somebody in who’s going to innovate. Fifty percent of the business is community banking. That’s being disrupted before our eyes. About 20 percent is wealth management; also being disrupted. So their major segments are in areas that they’ve lost confidence in, and they’re going to see continued decrease in margins because their industries are totally being disrupted and they’re not doing a thing about it.”

TradingAnalysis.com founder Todd Gordon admitted he wasn’t quite as bearish, noting that Wells Fargo shares have been in an uptrend for the better part of a decade.

“If you look at … the map of where we’ve been post-2009, it’s traced a very nice parallel channel here,” Gordon said in the same “Trading Nation” interview. “We’ve not quite broken that uptrend that’s been in play for nine years now.”

Still, he couldn’t completely discount Tatro’s argument that Wells Fargo isn’t exactly the cream of the crop in the financial sector.

“I agree with Quint; there is value in other names,” Gordon said. “I hold J.P. Morgan. I hold Bank of America in my portfolio. I don’t hold Wells Fargo.”


Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: lizzy gurdus, shannon stapleton, scott mlyn, brendan smialowski, afp, getty images, rosley majid, eyeem, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, stock, hold, tatro, gordon, fargos, warns, thats, trading, think, disrupted, strategist, trap, wells, classic, going, value, fargo


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There are still great buying opportunities in this ‘Buffett bounce’: Money manager

Buffet bounce: When others are panicking it’s time to buy: Pro 1 Hour Ago | 04:08The market is now experiencing a “Buffett bounce,” investment expert Quint Tatro told CNBC on Monday. “When others are panicking, that’s when it’s time to go in and buy,” Tatro told “Power Lunch.” Apple hit a record high on Friday after the Buffett news. Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, is also bullish on equities right now. While the market has been “a little unpleasa


Buffet bounce: When others are panicking it’s time to buy: Pro 1 Hour Ago | 04:08The market is now experiencing a “Buffett bounce,” investment expert Quint Tatro told CNBC on Monday. “When others are panicking, that’s when it’s time to go in and buy,” Tatro told “Power Lunch.” Apple hit a record high on Friday after the Buffett news. Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, is also bullish on equities right now. While the market has been “a little unpleasa
There are still great buying opportunities in this ‘Buffett bounce’: Money manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-07  Authors: michelle fox
Keywords: news, cnbc, companies, buying, sp, higher, told, points, panicking, opportunities, great, money, bounce, power, investment, market, buffett, manager, tatro


There are still great buying opportunities in this 'Buffett bounce': Money manager

Buffet bounce: When others are panicking it’s time to buy: Pro 1 Hour Ago | 04:08

The market is now experiencing a “Buffett bounce,” investment expert Quint Tatro told CNBC on Monday.

Stocks were “tepid” and on the “precipice of decline” until legendary investor Warren Buffett announced Friday morning his Berkshire Hathaway hadbought 75 million shares of Apple in the first quarter, the managing director at Joule Financial said.

“When others are panicking, that’s when it’s time to go in and buy,” Tatro told “Power Lunch.”

“Right now there still are some great opportunities.”

Apple hit a record high on Friday after the Buffett news. That, in turn, helped push the major averages more than 1 percent higher. The Dow Jones industrial average had first dropped 100 points after the open before turning around.

Stocks extended the rally on Monday, with the Dow up for a third straight day and the S&P 500 and Nasdaq composite higher for a second consecutive session. Apple was up 1 percent Monday.

Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, is also bullish on equities right now.

While the market has been “a little unpleasant,” the S&P 500 is about 200 points below his midpoint target range of 2,850.

“The market has some more upside here,” he said on “Power Lunch.” “We’ve been trying to get our clients to step in here.”


Company: cnbc, Activity: cnbc, Date: 2018-05-07  Authors: michelle fox
Keywords: news, cnbc, companies, buying, sp, higher, told, points, panicking, opportunities, great, money, bounce, power, investment, market, buffett, manager, tatro


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There are still great buying opportunities in this ‘Buffett bounce’: Money manager

Buffet bounce: When others are panicking, pro says it’s time to buy 11 Hours Ago | 04:08The market is now experiencing a “Buffett bounce,” investment expert Quint Tatro told CNBC on Monday. “When others are panicking, that’s when it’s time to go in and buy,” Tatro told “Power Lunch.” Apple hit a record high on Friday after the Buffett news. Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, is also bullish on equities right now. While the market has been “a little u


Buffet bounce: When others are panicking, pro says it’s time to buy 11 Hours Ago | 04:08The market is now experiencing a “Buffett bounce,” investment expert Quint Tatro told CNBC on Monday. “When others are panicking, that’s when it’s time to go in and buy,” Tatro told “Power Lunch.” Apple hit a record high on Friday after the Buffett news. Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, is also bullish on equities right now. While the market has been “a little u
There are still great buying opportunities in this ‘Buffett bounce’: Money manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-07  Authors: michelle fox
Keywords: news, cnbc, companies, opportunities, points, investment, manager, buying, buffett, panicking, money, great, market, sp, power, higher, tatro, told, bounce


There are still great buying opportunities in this 'Buffett bounce': Money manager

Buffet bounce: When others are panicking, pro says it’s time to buy 11 Hours Ago | 04:08

The market is now experiencing a “Buffett bounce,” investment expert Quint Tatro told CNBC on Monday.

Stocks were “tepid” and on the “precipice of decline” until legendary investor Warren Buffett announced Friday morning his Berkshire Hathaway hadbought 75 million shares of Apple in the first quarter, the managing director at Joule Financial said.

“When others are panicking, that’s when it’s time to go in and buy,” Tatro told “Power Lunch.”

“Right now there still are some great opportunities.”

Apple hit a record high on Friday after the Buffett news. That, in turn, helped push the major averages more than 1 percent higher. The Dow Jones industrial average had first dropped 100 points after the open before turning around.

Stocks extended the rally on Monday, with the Dow up for a third straight day and the S&P 500 and Nasdaq composite higher for a second consecutive session. Apple was up 1 percent Monday.

Scott Wren, senior global equity strategist at Wells Fargo Investment Institute, is also bullish on equities right now.

While the market has been “a little unpleasant,” the S&P 500 is about 200 points below his midpoint target range of 2,850.

“The market has some more upside here,” he said on “Power Lunch.” “We’ve been trying to get our clients to step in here.”


Company: cnbc, Activity: cnbc, Date: 2018-05-07  Authors: michelle fox
Keywords: news, cnbc, companies, opportunities, points, investment, manager, buying, buffett, panicking, money, great, market, sp, power, higher, tatro, told, bounce


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