Goldman says Netflix is one of its favorite trades for 2019, sees nearly 50% comeback

After a sell-off cut its value by a third, Netflix represents one of the most compelling investments available in the internet space, according to Goldman Sachs. The brokerage reiterated its buy rating on Netflix shares as well as its $400, 12-month price target, representing nearly 50 percent upside from the stock’s close on Thursday. Goldman also added the internet video platform to its so-called “Conviction List,” a hand-picked collection of stocks its analysts believe are more likely than ot


After a sell-off cut its value by a third, Netflix represents one of the most compelling investments available in the internet space, according to Goldman Sachs. The brokerage reiterated its buy rating on Netflix shares as well as its $400, 12-month price target, representing nearly 50 percent upside from the stock’s close on Thursday. Goldman also added the internet video platform to its so-called “Conviction List,” a hand-picked collection of stocks its analysts believe are more likely than ot
Goldman says Netflix is one of its favorite trades for 2019, sees nearly 50% comeback Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: thomas franck, robyn beck, afp, getty images
Keywords: news, cnbc, companies, trades, 50, believe, shares, 2019, represents, netflix, nearly, internet, continue, goldman, video, favorite, comeback, value, stocks, sees


Goldman says Netflix is one of its favorite trades for 2019, sees nearly 50% comeback

After a sell-off cut its value by a third, Netflix represents one of the most compelling investments available in the internet space, according to Goldman Sachs.

The brokerage reiterated its buy rating on Netflix shares as well as its $400, 12-month price target, representing nearly 50 percent upside from the stock’s close on Thursday. Goldman also added the internet video platform to its so-called “Conviction List,” a hand-picked collection of stocks its analysts believe are more likely than others to deliver meaningful upside.

“With Netflix shares down 36 percent since record highs in July, and the S&P 500 down 10 percent over the same period, we believe Netflix represents one of the best risk/reward propositions in the Internet sector,” analyst Heath Terry said in a note Friday. “We continue to believe Netflix’s investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally.”

WATCH: How Netflix stock has made long-term investors rich


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: thomas franck, robyn beck, afp, getty images
Keywords: news, cnbc, companies, trades, 50, believe, shares, 2019, represents, netflix, nearly, internet, continue, goldman, video, favorite, comeback, value, stocks, sees


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The most important tech stories of 2018 — in tweets

It was less than 12 months ago when start-up Ripple was sitting on close to $80 billion of XRP, a cryptocurrency that trades publicly like bitcoin. Celebrities including Paris Hilton and Jamie Foxx were endorsing coin offerings. Since then, the total market capitalization of all cryptocurrencies has fallen by about 80 percent. This tweet from Ripple sums up the mood in January, when the buzz around crypto’s surge had taken the tech world by storm.


It was less than 12 months ago when start-up Ripple was sitting on close to $80 billion of XRP, a cryptocurrency that trades publicly like bitcoin. Celebrities including Paris Hilton and Jamie Foxx were endorsing coin offerings. Since then, the total market capitalization of all cryptocurrencies has fallen by about 80 percent. This tweet from Ripple sums up the mood in January, when the buzz around crypto’s surge had taken the tech world by storm.
The most important tech stories of 2018 — in tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: alex sherman, ray tamarra, getty images
Keywords: news, cnbc, companies, surge, xrp, world, 2018, important, sums, taken, tweets, trades, ripple, tech, 80, total


The most important tech stories of 2018 — in tweets

It was less than 12 months ago when start-up Ripple was sitting on close to $80 billion of XRP, a cryptocurrency that trades publicly like bitcoin. Celebrities including Paris Hilton and Jamie Foxx were endorsing coin offerings.

Since then, the total market capitalization of all cryptocurrencies has fallen by about 80 percent.

This tweet from Ripple sums up the mood in January, when the buzz around crypto’s surge had taken the tech world by storm.


Company: cnbc, Activity: cnbc, Date: 2018-12-24  Authors: alex sherman, ray tamarra, getty images
Keywords: news, cnbc, companies, surge, xrp, world, 2018, important, sums, taken, tweets, trades, ripple, tech, 80, total


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Japan court extends Ghosn detention by 10 days

A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal investment losses. The extension announced by the Tokyo District Court means Ghosn will remain in Tokyo’s main detention centre, where he has been confined since his arrest last month on initial allegations of financial misconduct. Ghosn was re-arrested on Friday based on suspicions that around October


A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal investment losses. The extension announced by the Tokyo District Court means Ghosn will remain in Tokyo’s main detention centre, where he has been confined since his arrest last month on initial allegations of financial misconduct. Ghosn was re-arrested on Friday based on suspicions that around October
Japan court extends Ghosn detention by 10 days Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-23  Authors: chesnot, getty images news, getty images
Keywords: news, cnbc, companies, yen, extends, ghosn, million, allegations, trades, japan, personal, detention, court, nissan, 166, days


Japan court extends Ghosn detention by 10 days

A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal investment losses.

The extension announced by the Tokyo District Court means Ghosn will remain in Tokyo’s main detention centre, where he has been confined since his arrest last month on initial allegations of financial misconduct.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors said.

They said the move inflicted damage on Nissan by having it deposit a total of $14.7 million on four occasions between June 2009 and March 2012 into a related bank account.


Company: cnbc, Activity: cnbc, Date: 2018-12-23  Authors: chesnot, getty images news, getty images
Keywords: news, cnbc, companies, yen, extends, ghosn, million, allegations, trades, japan, personal, detention, court, nissan, 166, days


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Finland is trying to compete with China and the US in the race for 5G

Shares of Finnish telecommunications company Nokia have rallied nearly 30 percent in 2018, and that’s largely thanks to two letters: 5G. The stock still trades well below its sky-high levels during the dotcom boom, when Nokia was the world’s top mobile phone seller. But Nokia is gaining momentum in the mobile communications market as a key player making 5G equipment and software. The company’s efforts have helped put Finland on the map in the worldwide race to develop and implement so-called fif


Shares of Finnish telecommunications company Nokia have rallied nearly 30 percent in 2018, and that’s largely thanks to two letters: 5G. The stock still trades well below its sky-high levels during the dotcom boom, when Nokia was the world’s top mobile phone seller. But Nokia is gaining momentum in the mobile communications market as a key player making 5G equipment and software. The company’s efforts have helped put Finland on the map in the worldwide race to develop and implement so-called fif
Finland is trying to compete with China and the US in the race for 5G Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, largely, finland, 5g, phone, trying, mobile, worlds, compete, wireless, worldwide, race, trades, nokia, china


Finland is trying to compete with China and the US in the race for 5G

Shares of Finnish telecommunications company Nokia have rallied nearly 30 percent in 2018, and that’s largely thanks to two letters: 5G.

The stock still trades well below its sky-high levels during the dotcom boom, when Nokia was the world’s top mobile phone seller.

But Nokia is gaining momentum in the mobile communications market as a key player making 5G equipment and software. The company’s efforts have helped put Finland on the map in the worldwide race to develop and implement so-called fifth generation wireless technology.

“They (Nokia) are trying to regain some technological leadership here in 5G that was largely lost in the last 15 years through the smartphone era,” said Tim Hatt, head of research at GSMA Intelligence, in a phone interview with CNBC.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, largely, finland, 5g, phone, trying, mobile, worlds, compete, wireless, worldwide, race, trades, nokia, china


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Asia trades cautiously ahead of crucial Trump-Xi talks at G-20 summit

Japan’s Nikkei 225 was up 0.25 percent while the Topix index rose 0.23 percent. In Australia, the benchmark ASX 200 slipped 0.7 percent in morning trade, with most sectors declining. The session in Asia follows a lower finish on Wall Street, where the Dow Jones industrial average snapped a three-day winning streak. Trump told reporters Thursday that he was “close” to doing something on trade with China but added he wasn’t sure if he wanted to do it. “Because what we have right now is billions an


Japan’s Nikkei 225 was up 0.25 percent while the Topix index rose 0.23 percent. In Australia, the benchmark ASX 200 slipped 0.7 percent in morning trade, with most sectors declining. The session in Asia follows a lower finish on Wall Street, where the Dow Jones industrial average snapped a three-day winning streak. Trump told reporters Thursday that he was “close” to doing something on trade with China but added he wasn’t sure if he wanted to do it. “Because what we have right now is billions an
Asia trades cautiously ahead of crucial Trump-Xi talks at G-20 summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, wrote, morning, ahead, trump, g20, trades, billions, summit, talks, trade, xi, australia, crucial, cautiously, asia, markets, trumpxi


Asia trades cautiously ahead of crucial Trump-Xi talks at G-20 summit

Asia Pacific markets were cautious Friday morning as investors waited for a highly-anticipated meeting between President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Argentina, which many are hoping would help ease escalating trade tensions between the two countries.

Japan’s Nikkei 225 was up 0.25 percent while the Topix index rose 0.23 percent. South Korea’s Kospi traded fractionally higher at 2,116.04.

In Australia, the benchmark ASX 200 slipped 0.7 percent in morning trade, with most sectors declining. The heavily-weighted financial subindex was down 0.79 percent while the materials sector fell 0.15 percent.

The session in Asia follows a lower finish on Wall Street, where the Dow Jones industrial average snapped a three-day winning streak.

“Markets have been choppy this morning amid varying views on the prospect of any sort of trade deal this weekend between Trump and Xi at the G20,” David de Garis, director of economics and markets at the National Australia Bank, wrote in a morning note.

Trump told reporters Thursday that he was “close” to doing something on trade with China but added he wasn’t sure if he wanted to do it. “Because what we have right now is billions and billions of dollars coming into the United States in the form of tariffs or taxes, so I really don’t know,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, wrote, morning, ahead, trump, g20, trades, billions, summit, talks, trade, xi, australia, crucial, cautiously, asia, markets, trumpxi


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Asia trades higher after remarks by Fed’s Powell gave US stocks a boost

Japan’s Nikkei 225 rose 0.76 percent in morning trade while the Topix index added 0.75 percent. Greater China markets also rose: The Shanghai composite was up 0.49 percent in early trade while the Shenzhen composite added 0.56 percent. The energy subindex was up 0.5 percent, materials was higher by 1.14 percent and the heavily weighed financial sector added 0.76 percent. Stock market reaction in the U.S. was spurred by remarks from Federal Reserve Chairman Jerome Powell. During the meeting, Trum


Japan’s Nikkei 225 rose 0.76 percent in morning trade while the Topix index added 0.75 percent. Greater China markets also rose: The Shanghai composite was up 0.49 percent in early trade while the Shenzhen composite added 0.56 percent. The energy subindex was up 0.5 percent, materials was higher by 1.14 percent and the heavily weighed financial sector added 0.76 percent. Stock market reaction in the U.S. was spurred by remarks from Federal Reserve Chairman Jerome Powell. During the meeting, Trum
Asia trades higher after remarks by Fed’s Powell gave US stocks a boost Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, trade, market, gave, rate, powell, higher, stocks, remarks, feds, meeting, rose, dollar, morning, trades, added, trump, asia, boost


Asia trades higher after remarks by Fed's Powell gave US stocks a boost

Asia markets traded higher on Thursday morning ahead of a crucial meeting between President Donald Trump and Chinese leader Xi Jinping, which many are hoping would help ease trade tensions between the U.S. and China.

Japan’s Nikkei 225 rose 0.76 percent in morning trade while the Topix index added 0.75 percent. South Korea’s Kospi rose 0.82 percent.

Greater China markets also rose: The Shanghai composite was up 0.49 percent in early trade while the Shenzhen composite added 0.56 percent. Hong Kong’s Hang Seng index gained 0.59 percent.

In Australia, the ASX 200 added 0.57 percent, with advances in most sectors. The energy subindex was up 0.5 percent, materials was higher by 1.14 percent and the heavily weighed financial sector added 0.76 percent.

The session in Asia follows a major rally on Wall Street, where the Dow Jones industrial average jumped more than 600 points.

Stock market reaction in the U.S. was spurred by remarks from Federal Reserve Chairman Jerome Powell. He said Wednesday that he considers the central bank’s benchmark interest rate to be near a neutral level, an important distinction from remarks he made less than two months ago.

“Considering that there’s been no interest rate hikes since September, these comments tell us one of two things, which is that the Fed has finally figured out where the neutral rate is or they believe that a pause in tightening has become necessary,” Kathy Lien, managing director of foreign-exchange strategy at BK Asset Management, wrote in an evening note on Wednesday.

“Chances are it’s the latter because economic data has been weakening, stocks have been falling and lower oil and gas prices restrict rather than encourage inflation,” she said.

Powell’s comments pushed the U.S. dollar lower against a basket of its peers, with the dollar index trading at 96.838 Thursday morning, down from levels above 97.200 overnight.

Lien also pointed out that it was important to realize while Powell’s remarks “could be a game changer” for the dollar, external factors that are driving other currencies lower have not changed.

Still, worries and uncertainties remain, according to other market watchers.

“Market sentiment had been a little more positive before Powell’s speech, but trade uncertainty continues to weigh,” Jack Chambers from ANZ Research wrote in a morning note. “Investors will be looking for progress at the Trump-Xi meeting this weekend, after it was reported that President Trump is weighing up more tariffs.”

Top White House economic advisor Larry Kudlow said earlier this week that the Trump administration has restarted talks with the Chinese government “at all levels” ahead of the high-stakes meeting between both presidents at the G-20 summit in Argentina.

During the meeting, Trump is set to focus on issues including alleged Chinese theft of intellectual property, ownership of American companies in China and tariffs and non-tariff barriers.

In the broader currency market, the yen traded at 113.51 to the dollar while the Australian dollar was around $0.7298, jumping from levels below $0.7250.


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, trade, market, gave, rate, powell, higher, stocks, remarks, feds, meeting, rose, dollar, morning, trades, added, trump, asia, boost


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TD Ameritrade sees more people trading on their phones

Mobile trading is becoming more common among TD Ameritrade clients. Through the end of October, about 25 percent of trades placed this year by TD Ameritrade retail investors were done so through a smartphone or a tablet. “It gives them an opportunity to trade when they want,” said Steven Quirk, executive vice president of trading at TD Ameritrade. Interest in mobile trading seems to be growing across the brokerage industry. TD Ameritrade competitors like E-Trade, Charles Schwab and Interactive B


Mobile trading is becoming more common among TD Ameritrade clients. Through the end of October, about 25 percent of trades placed this year by TD Ameritrade retail investors were done so through a smartphone or a tablet. “It gives them an opportunity to trade when they want,” said Steven Quirk, executive vice president of trading at TD Ameritrade. Interest in mobile trading seems to be growing across the brokerage industry. TD Ameritrade competitors like E-Trade, Charles Schwab and Interactive B
TD Ameritrade sees more people trading on their phones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: fred imbert, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, quirk, vice, trading, td, sees, trades, yeartd, mobile, phones, black, ameritrade, trade


TD Ameritrade sees more people trading on their phones

Mobile trading is becoming more common among TD Ameritrade clients.

Through the end of October, about 25 percent of trades placed this year by TD Ameritrade retail investors were done so through a smartphone or a tablet. This is up from 22 percent in the same time period last year. Logins via mobile devices more than doubled, averaging over 642,000 from about 315,000 in 2017.

“It gives them an opportunity to trade when they want,” said Steven Quirk, executive vice president of trading at TD Ameritrade. People might see something they like and “try to take advantage of it.”

“This gets highlighted on days like Black Friday when people are out shopping and spending time with their families,” Quirk said. Mobile trading on Black Friday accounted for 31 percent of all trades, a record.

Interest in mobile trading seems to be growing across the brokerage industry. TD Ameritrade competitors like E-Trade, Charles Schwab and Interactive Brokers all offer their clients the ability to trade on a mobile device. J.P. Morgan Chase even unveiled its own mobile trading earlier this year.

TD Ameritrade’s Quirk thinks this will only grow from here. “We have businesses in Hong Kong and Singapore. Mobile trading there is about 40 percent (of trades). I think we’re going to get closer to that in the U.S.”


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: fred imbert, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, quirk, vice, trading, td, sees, trades, yeartd, mobile, phones, black, ameritrade, trade


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Goldman is tracking for its worst month in six years

Those technical red flags suggest to Maley that the worst is not yet over for Goldman Sachs. The stock had already broken below its shorter-term 50-day moving average at the beginning of the month. “I think Goldman Sachs, the damage is done. Goldman began the year trading at a more elevated 12 times forward earnings, but now trades below an 8 times multiple. By comparison, the XLF financial ETF trades at 11 times forward earnings.


Those technical red flags suggest to Maley that the worst is not yet over for Goldman Sachs. The stock had already broken below its shorter-term 50-day moving average at the beginning of the month. “I think Goldman Sachs, the damage is done. Goldman began the year trading at a more elevated 12 times forward earnings, but now trades below an 8 times multiple. By comparison, the XLF financial ETF trades at 11 times forward earnings.
Goldman is tracking for its worst month in six years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: keris lahiff, jonathan alcorn, bloomberg, getty images, sam edwards, caiaimage, sarah l voisin, the washington post, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, think, bapis, tracking, trades, technical, trading, america, month, broken, goldman, forward, worst, times


Goldman is tracking for its worst month in six years

“A lot of technical damage has been done to this name,” Matt Maley, equity strategist at Miller Tabak, told CNBC’s “Trading Nation” on Tuesday. “It’s broken below its 200-week moving average. It’s also broken below the neckline of a head and shoulders pattern, so that’s negative.”

Those technical red flags suggest to Maley that the worst is not yet over for Goldman Sachs. The stock had already broken below its shorter-term 50-day moving average at the beginning of the month.

“Also, even though its daily RSI is oversold, its weekly RSI is not as oversold as it has been at other important bottoms for the stock,” added Maley.

“I wouldn’t sell it here, but any kind of a rally you might want to look at some other names like Bank of America, whose chart looks much better,” said Maley.

Bank of America has also come under pressure this year, but not as badly as Goldman. Bank of America shares are down 6 percent for 2018, while Goldman has fallen 24 percent.

Michael Bapis, managing director with Vios Advisors at Rockefeller Capital Management, says Goldman’s sharp downturn presents a buying opportunity.

“I think Goldman Sachs, the damage is done. They’re trading at seven times next year’s earnings,” Bapis said on “Trading Nation” on Tuesday. “They always trade at a premium. They’ll get back to that premium.”

Goldman began the year trading at a more elevated 12 times forward earnings, but now trades below an 8 times multiple. By comparison, the XLF financial ETF trades at 11 times forward earnings.

“There’s been change-over in management, there’s been a little bit of a scandal, but I still think they have the best and most attractive product set to drive growth going forward in the next 12 to 18 months,” said Bapis.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: keris lahiff, jonathan alcorn, bloomberg, getty images, sam edwards, caiaimage, sarah l voisin, the washington post, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, think, bapis, tracking, trades, technical, trading, america, month, broken, goldman, forward, worst, times


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Trader Jon Najarian: This market correction is unnatural selling likely driven by ‘algos’

In that same analogy, the small-cap stocks are more like asteroids, and thus don’t pull markets down as much or as fast. They are a series of what-if scenarios responding to other what-if scenarios and executed at near the speed of light by computers, not human beings. Monday’s action and that of the past five or six weeks appears to be a selective selling of stocks with the highest multiples and stocks that have had the best returns year-to-date. The algos seek out those targets of opportunity


In that same analogy, the small-cap stocks are more like asteroids, and thus don’t pull markets down as much or as fast. They are a series of what-if scenarios responding to other what-if scenarios and executed at near the speed of light by computers, not human beings. Monday’s action and that of the past five or six weeks appears to be a selective selling of stocks with the highest multiples and stocks that have had the best returns year-to-date. The algos seek out those targets of opportunity
Trader Jon Najarian: This market correction is unnatural selling likely driven by ‘algos’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: jon najarian
Keywords: news, cnbc, companies, jon, stocks, trader, scenarios, markets, selling, whatif, unnatural, human, market, driven, volume, fact, likely, algos, days, correction, trades, najarian


Trader Jon Najarian: This market correction is unnatural selling likely driven by 'algos'

Let’s keep this correction and big down days in perspective. Sure, it is painful when big-cap stocks move down. They are more like planets, with much stronger gravitational pulls versus smaller-cap stocks. In that same analogy, the small-cap stocks are more like asteroids, and thus don’t pull markets down as much or as fast.

Often, when we talk stocks and markets on CNBC we cite the fact that so much of market volume and thus trading these days is algorithmic, high frequency or passive investing through exchange traded funds. While some dismiss the fact that these types of trades sometimes account for north of 90 percent of daily volume, the truth is that this is precisely why the moves, both up and down, are so extreme.

The algos do what they were programmed to do. While artificial intelligence is certainly what Wall Street is rapidly tying to employ, the algorithms I’m discussing are not AI or true neural networks. They are a series of what-if scenarios responding to other what-if scenarios and executed at near the speed of light by computers, not human beings.

Monday’s action and that of the past five or six weeks appears to be a selective selling of stocks with the highest multiples and stocks that have had the best returns year-to-date. The algos seek out those targets of opportunity and hit these stocks rapid-fire, selling them harder as they drop. That is not what we’re used to seeing when human beings are behind the trades.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: jon najarian
Keywords: news, cnbc, companies, jon, stocks, trader, scenarios, markets, selling, whatif, unnatural, human, market, driven, volume, fact, likely, algos, days, correction, trades, najarian


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Cramer shares ‘chart master’ Larry Williams’ top trades for the end of the year

For more on that, he turned to Larry Williams, a legendary technician with over 50 years of experience trading futures, commodities and stocks. Cramer called Williams, who has also written 11 books, created numerous technical indicators and runs the website IReallyTrade.com, a “chart master.” He suggested buying shares of Home Depot five trading days before Thanksgiving — this year, that falls on Thursday, Nov. 15 — and then holding it for 10 more trading days before exiting the position. “Willi


For more on that, he turned to Larry Williams, a legendary technician with over 50 years of experience trading futures, commodities and stocks. Cramer called Williams, who has also written 11 books, created numerous technical indicators and runs the website IReallyTrade.com, a “chart master.” He suggested buying shares of Home Depot five trading days before Thanksgiving — this year, that falls on Thursday, Nov. 15 — and then holding it for 10 more trading days before exiting the position. “Willi
Cramer shares ‘chart master’ Larry Williams’ top trades for the end of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, trades, williams, xrt, suggested, depot, days, larry, end, cramer, trade, money, trading, retail, master, shares, chart


Cramer shares 'chart master' Larry Williams' top trades for the end of the year

When the stock market is this volatile, CNBC’s Jim Cramer likes to use technical analysis to get a better read on the investment landscape.

With Wall Street awaiting the Federal Reserve’s decision on whether it will pause or continue hiking interest rates after December, companies are facing a binary outcome, he said: either the Fed pauses after the widely anticipated December hike and 2019’s earnings results are more or less safe, or it doesn’t, and cyclical companies are likely suffer.

But even “in a confusing and volatile market, there are still trades that have worked year-in and year-out for decades,” Cramer said Tuesday on “Mad Money” as stocks ticked up after a brutal Monday sell-off.

For more on that, he turned to Larry Williams, a legendary technician with over 50 years of experience trading futures, commodities and stocks. Cramer called Williams, who has also written 11 books, created numerous technical indicators and runs the website IReallyTrade.com, a “chart master.”

Williams saw two ways to make money as 2018 comes to a close. Both were in the retail sector, which tends to perform strongly in November and December as companies offer Black Friday, Cyber Monday and general holiday sales.

First, Williams turned to Home Depot, the country’s largest big-box home improvement chain. He suggested buying shares of Home Depot five trading days before Thanksgiving — this year, that falls on Thursday, Nov. 15 — and then holding it for 10 more trading days before exiting the position.

“Williams has back-tested this trade,” Cramer said. “If you did this using a stop-loss order $5 below where you bought Home Depot, how often would this strategy have made you money? Williams ran the numbers, [and] get this: over the past 33 years, his Home Depot trade would have been successful 33 times. Yep, it’s worked every year since 1984.”

The “Mad Money” host clarified that Williams was recommending a trade, not an investment. Even as the technician believes Home Depot is gearing up for a rally, if his trade doesn’t work, Cramer suggested simply ringing the register early.

Another way to play the strength in retail, which Cramer said could also boost shares of Target, Costco and Amazon, would be by buying into the SPDR S&P Retail exchange-traded fund, or the XRT, Williams suggested.

He noted that since the XRT was created 11 years ago, buying the ETF between two and five trading days before Thanksgiving and selling it 10 days later has given investors a healthy gain every single year.

Like for Home Depot, Williams said this Thursday would be the best moment for investors to pounce and suggested using a $5 stop order to protect against potential downside.

All in all, “the charts, as interpreted by the legendary Larry Williams, suggest that Home Depot and [the] XRT would make terrific trades if you buy them on Thursday and sell them 10 days later,” Cramer said. “I think he’s got a point, as this tends to be a good time of the year for retail, regardless of what else is going on in the market.”


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, trades, williams, xrt, suggested, depot, days, larry, end, cramer, trade, money, trading, retail, master, shares, chart


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