SAP Stock to Use Dot-Com Bubble High as Support

SAP is the biggest non-US software company in the world by revenue and the largest one in Germany by market cap. At its current stock price of roughly €115 a share, its valuation is higher than $150 billion. That is not much higher than its Dot-Com bubble peak at €77.50 a share in 2000, highlighting…

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Klépierre to Follow in Simon Property’s Footsteps?

Klépierre S.A. is Europe’s top mall operator with over 100 shopping centers in more than ten countries. Malls, the saying goes, were getting killed by the switch to e-commerce and the pandemic only exacerbated that trend. However, not all malls were created equal. Klépierre does not operate just any mall. It owns the most luxurious…

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Freeport Bearish Pattern Sets Targets Below $30

Despite the March 2020 Covid selloff, Freeport-McMoRan is trading significantly higher since we shared our last bullish update on it in December, 2019. As the price of copper soared, FCX soared with it to as high as $46.10 in May, 2021. However, no trend lasts forever and Freeport ‘s rally was no exception. The stock…

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L3Harris Elliott Wave Pattern Points to a 40% Drop

L3Harris Technologies, formed by the 2019 merger between L3 Technologies and Harris Corporation, is the sixth largest US defense contractor. The company is decently profitable and financially sound, which helps explain why the stock is hovering close to its all-time high. And indeed, L3Harris has been very generous to investors throughout the years. The stock…

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FICO Stock, A Barometer for the Economy, Looks Weak

In most countries, financial institutions use some kind of credit scores to better evaluate a borrower’s creditworthiness. In the United States, the FICO score, maintained by the Fair Isaac Corporation, is used in over 90% of loan originations decisions. So in essence, Fair Isaac holds a 90% market share in a service most lenders cannot…

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Bluescope Steel Stock Can Tumble to Single Digits

Bluescope Steel Limited is an Australian steep products manufacturer founded in 2002 and headquartered in Melbourne. The recent commodities upcycle helped the stock climb above A$26 a share for a while. Currently at A$21.24, the company’s market cap is still north of A$10 billion. But for how long? Bluescope ‘s recent surge didn’t come out…

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Taking a Closer Look at Lockheed ‘s Correction

We last wrote about Lockheed Martin on January 5th when the stock was hovering around $345 a share. We thought the top at $443 in February 2020 marked the end of an impulse pattern which had been in progress since 1999. Hence, it made sense to expect more weakness ahead for the stock as its…

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Dell Stock Trading in Fifth and Final Wave

Investors who were brave or fortunate enough to buy Dell Technologies during the coronavirus panic of March 2020 must be very pleased with the results. The stock is up 338% from that bottom at $25.51 and closed at $111.63 yesterday. For a profitable, growing and financially sound company like Dell, that surge is not a…

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Has ServiceNow ‘s Bubble Finally Reached its Limit?

After the huge success of Amazon Web Services, it is easy to see why cloud computing is such a hot sector right now. However, no trend lasts forever and no stock remains a Wall Street darling indefinitely. Today, we’d like to examine another red-hot company in the cloud industry – ServiceNow Inc. With a market…

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Megacable Stock – A Pattern 13 Years in the Making

Megacable Holdings engages in the provision of telecom services to 250 cities in 25 states in Mexico. Headquartered in Guadalajara, the company was founded in 1982 but did not go public before late-2007. Listing on a public market in 2007 practically guaranteed terrible stock performance over the next year or so during the global Financial…

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GN Store Nord Stock On Its Way to the Bargain Bin

In case you didn’t know, GN Store Nord A/S is a leading hearing aid devices manufacturer, based in Denmark. The company’s annual sales are expected to exceed DKK 15 billion this year. According to Statista, GN held a 15% share of the global hearing aid device market in 2019. Considering that its growth rate has…

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Roku Down 37% as Elliott Wave Correction Unfolds

We last wrote about Roku in the spring, on May 24th, 2021. The stock was hovering around $330 a share. Fundamentally speaking, we thought that even this was too high a price. A quick look on the company’s weekly chart, however, convinced us that “Roku ‘s bubble can keep inflating”. Not indefinitely, though. The anticipated…

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Three Months Ahead of NovoCure ‘s 35% Plunge

Our first and only article on NovoCure stock was published almost three months ago, on July 1st. In it we shared our view that the tumor treatment company was not only significantly overvalued, but in immediate danger of a large stock price drop. The stock had just fell 15% in one day, despite positive TTFields…

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MongoDB – Bearish Pattern Joins Nosebleed Valuation

MongoDB Inc. is a general purpose database platform developer and provider. The company was founded in 2007, but only came public ten years later – in 2017. During the following four years, the stock has risen from an IPO price of $33 to $515 a share as of last week. So, it is fair to…

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Pandora Does Things Right. Stock May Need a Breather

When we wrote our previous article on Danish jewelry maker Pandora in December, 2020, the stock was up over three-fold since March. That recovery from DKK 180 to DKK 651 didn’t not come out of the blue, though. It was the result of a bullish setup we managed to identify as early as July 2019.…

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