Tag: trading

IBM (IBM – Get Report) is a true turnaround story as the stock is regaining technical momentum and offers a generous dividend. Buy IBM on weakness to its 200-day simple moving average at $133.75 and add to positions on weakness to its semiannual value level at $126.75.The stock is one of the “Dogs of the Dow” for 2019 and is the cheapest Dow stock with a P/E ratio of 9.89 and a dividend yield of 4.81%, according to Macrotrends.Cloud computing and artificial intelligence through IBM’s Watson platform is the key to its turnaround story.IBM’s cloud computing is on modern mainframes

The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.  The most famous golden cross, used and monitored by the Smart Money is when the 50 moving average cross over and above the 200 day moving average.

There isn’t a name for when price crosses over and above the 50 day moving average, while the 50 day moving average crosses over and above the 200 day moving average, but it’s statistical significant on the S&P

Restoration Hardware (RH), together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online.Two months ago, RH fell more than 17% on Friday morning after announcing their quarterly earnings that didn’t meet expectations and gave a dismal forecast.  At that time, the weekly chart suggested if the weekly demand at $100 is breached, price will drop another

Everywhere you look, the signs point to an awful rest of the year for Micron Technology (NASDAQ:MU). After a volatile second half of 2018, investors hoped that things would turn around in 2019.  For a while, they did. From the January opener to April’s closing session, MU stock gained nearly 36%. But as you know, that bullishness crumbled shortly thereafter.For the first half of this year, sales to Chinese consumer-tech firm Huawei represented 13% of Micron’s total revenue. The jury’s still out on the impact on those sales from that “minor inconvenience” presented by the U.S. Department of Commerce labeling the

Baidu (NASDAQ:BIDU) investors have seen better days. The stock has hit multiyear lows in each of the past four weeks, and what initially started as a drop to its lowest level in three years is now a five-year low. Shares of China’s leading search engine provider are now just a 9% decline away from falling to the double digits for the first time since the summer of 2013.

The Motley Fools article goes on to list three reasons why the stock price would head higher vs. lower, but I’m going to focus on just one of the reasons from a valuation

Mike Wilson — hailed across Finance Twitter as “Wall Street’s most bearish analyst” — says there’s one big risk out there for investors…“The macro and micro economic data continue to deteriorate,” Morgan Stanley’s chief investment officer wrote, pointing to weak durable goods orders, disappointing capital spending, soggy retail earnings, lackluster freight shipments, and a “very soft” jobs number as evidence of an economy running on fumes.Don’t be so quick to blame U.S.-China trade tensions, either, he said. “The economy was already slowing and escalation potentially makes things worse.”And if you’re waiting for a lower interest rates to ignite a rally…