Match Group Inc. rose over 10% in post-market trading Friday following reports that it is going to be included in the S&P 500. The company, which owns Tinder, OkCupid and most other major dating apps in the U.S., has a market cap of over $41B. Despite the anticipated “summer of love”, though, this is not…
Cameco Stock Seems to Have Finally Turned a Corner
Uranium spot prices are on the verge of breaking above $34/lb, up over 80% from the bottom of $18/lb reached in late-2016. Cameco, as one of the world’s top uranium producers, is now seeing its stock price rising in tandem. Yesterday, it closed at $19.16 after reaching $21.95 in June. We first covered Cameco in…
A Fresh Look At Cigna ‘s Elliott Wave Super Cycle
In a case study article on Cigna, published in October, 2016, we examined how a fundamentally sound and undervalued stock can still drop nearly 90%. The reason for that crash didn’t lie in some company specific issue. Rather it happened to occur during the biggest financial crisis in 80 years. Nevertheless, we made the point…
CBOE Takeover Rumor Lifts Stock to Elliott Wave Target
We first wrote about CBOE Global Markets less than eight months ago. The S&P 500 had already recouped all its COVID selloff losses and was hovering at new all-time highs. CBOE, in contrast, was still down 30% from its 2018 record, trading below $97 a share. For some reason, the market was ignoring the company’s…
Ahead of Ulta Beauty ‘s 150% Gain Since Lockdown
Buying shares in a beauty retailer in March 2020 sounded like a crazy, stupid idea. Stock markets around the world were plunging at a record pace amid a global GDP crash resulting from government-enforced lockdowns. People were stockpiling necessities in preparations not to leave their homes in the foreseeable future. With COVID-19 cases rising everywhere,…
LKQ Stock On the Verge of Doubling Yet Again
The first and only time we wrote about LKQ Corporation was in late-September, 2020. The stock had just doubled from its coronavirus plunge and was hovering around $27. Despite the recent strength, however, we thought the shares still present a good investment. In a time of crisis one cannot rely on charts alone, so the…
Tencent to Start Rising Amid China’s Tech Crackdown
Stocks of China’s tech giants have been falling for months as the country’s crackdown on the industry spooked investors. After Alibaba was slapped with the biggest antitrust fine in China’s history, risks increased that regulators are not done with Tencent despite its own $1.5B fine. As a result, the stock fell from its February 2021…
Tesla ‘s Bubble Appears to Be Bursting at Last
Our previous article about Tesla stock, published November 17th, 2020, called for a surge to ~$600, followed by a major bearish reversal. We thought TSLA was then rising in wave 5. A new all-time high was supposed to occur, but since fifth waves conclude every impulse, we opined the bears would be eager to return.…
Etsy Aims for $300 Before Bears Cut the Stock in Half
The last time we wrote about Etsy was on January 18th, 2019. The stock was trading close to $54 a share and was up a staggering 803% from its January 2016 low. Etsy’s profits could not possibly justify its then $6.6B market cap, but with sales growing so rapidly, some people were already comparing it…
NovoCure to Shed Another 40% After Today’s 15%
Founded in 2000, NovoCure develops treatment for tumors using specific frequencies to disrupt cancer cell division. The company went public in 2015 and, after a disappointing 2016, has been making investors very happy ever since. On the other hand, the stock is down over 15% today despite positive TTFields liver cancer study results. Normally, an…
Essex Property to Lose Half After Reaching New Record
Essex Property saw its stock price drop to as low as $176 during 2020’s Covid selloff. From the October 2019 all-time high of $334, that was a 47.3% total decline in less than five months. Fast-forward to today, it feels as if 2020 was just a bad dream. The stock is hovering around $307 right…
Cathie Wood’s ARK to Add 40% Before Turning South
In the twelve months between the Covid crash bottom in March 2020 and February 2021, the ARK Innovation ETF returned 385%. Bold bets on disruptive and promising, yet still money-losing companies turned fund manager Cathie Wood into an investing superstar. However, after the fund’s staggering surge from just $33 to nearly $160 a share, it…
Ryman Stock Can Revisit Its Covid Crash Lows
Retirement homes were hit especially hard by COVID-19. Sadly, many of their clients lost their very lives as elderly people are the most vulnerable demographic. And although New Zealand and Australia have so far dealt with the pandemic better than most, the spring of 2020 was a real nightmare for companies like Ryman Healthcare. With…
Toronto-Dominion Another Canadian Bank to be Wary Of
A few days ago we shared our bearish stance on Royal Bank of Canada. Its price chart revealed a textbook pattern that took 25 years to develop. Today, we are going to examine another one of Canada’s Big Three banks – Toronto-Dominion. The second largest bank in Canada came into existence after the merger of…
Royal Bank of Canada Looks Toppy and Dangerous
Canadian banks are known to be much more conservative than their U.S. peers. For instance, due to better lending practices, the country barely felt the 2007-2009 housing crisis. That did not prevent its stock market from collapsing in sympathy, though. The share price of the Royal Bank of Canada for example – the biggest financial…
