Despite the fact that 2018 was the best year in Monster Beverage Corp.‘s history in terms of earnings and revenue, MNST stock was another story. The share price reached an all-time high of $70.22 per share in January 2018, but eventually closed at $49.22 in December. A decline of almost 30%. Obviously, improvements in business…
Elliott Wave Pattern to Send ORLY Stock Tumbling 20%
In our previous article we examined Advance Auto Parts stock through the prism of the Elliott Wave principle. Today, we are going to take a look at another company in the same industry – O’Reilly Automotive Inc. – whose ORLY stock exceeded $394 per share last month. But it hasn’t always been that easy for…
AAP Stock Setting the Stage for a “Black Swan”?
The second half of 2017 was the worst time in many years for retail stocks in general. Everything from apparel, to sporting goods and grocery chains was under heavy selling pressure. The market didn’t spare auto parts retailers, as well. One of the victims was Advance Auto Parts – AAP stock. The stock crashed from…
Horizon Pharma Stock Was Cut in Half. Then it Tripled
Horizon Pharma (NASDAQ:HZNP), headquartered in Dublin, Ireland, is a $4.7B biopharmaceutical company operating primarily in the United States. In July 2015, its stock was in the vicinity of $39.50. By May 2017, it was trading under $10 per share. We first examined Horizon Pharma stock’s prospects in September 2016, when it was searching for direction…
OLED Stock can Halve if Rejected at Fibonacci Level
Universal Display (NASDAQ:OLED) stock is hot again. The share price is up by over 90% in less than two months, climbing from under $79 to above $151 since January 3rd. But is the bulls’ optimism warranted? Six months ago, on August 15th 2018, we examined OLED stock through the prism of the Elliott Wave principle.…
AMD Stock Carries More Risk than Reward near $25
AMD stock is up almost 34% since the start of 2019, beating the year-to-date return of the S&P 500 three times over. Shares fell to $16.04 on December 26th, when the bulls finally managed to fight back. Yesterday, the stock closed at $24.71, following an intraday high of $25.51. Most people, anticipating the rally to…
Elliott Wave Ahead of MCO Stock Bullish Reversal
A month and a half ago, Moody’s was trading below $137 a share, following a decline from as high as $188 in late-July, 2018. MCO stock was down by 27% in just five months and investors were getting overly pessimistic about its investment merits. But instead of simply extrapolating the recent weakness into the future,…
Procter & Gamble Stock Approaching Heavy Resistance
The lower the price paid the higher the return. This is a simple truth all stock market investors should keep in mind all the time. Yet, few really do. Procter & Gamble, for example, is the same strong company it was last year and the year before. Depending on the price you paid for its…
Ralph Lauren Stock Set for a 50% Gain?
Ralph Lauren, the maker of Polo, is another top apparel brand, which was left for dead during the “retail apocalypse” of 2017. In just four years between May 2013 and May 2017, the company lost over 65% in market value as the stock fell from an all-time high of $192 to as low as $66.…
Etsy Stock: The Easy Money’s Been Made Already
Three years ago, in January 2016, Etsy stock fell to as low as $6.04 a share. Yesterday, it closed at $54.59 a share. If you have been among the lucky few, who happened to pick the bottom and held until now, your annual compounded rate of return would be over 108% per year or 803%…
Bank of America Riding the Earnings Wave… For Now.
The last time we wrote about Bank of America was on October 18th, 2018. The stock was trading below $29 a share, down from the $33.05 top reached in March. The bank had just reported a record first quarter, but the stock price was falling nevertheless. So in order to make sense of it, we…
Boeing Stock Ready for a Final Ascent
The last time we wrote about Boeing stock was in early October 2018. In that article we shared our view that while BA was approaching the $400 a share mark, it was time for the bulls to play it safe. The Elliott Wave principle suggested that a bearish reversal can soon be expected, even if…
Home Capital: From near Bankruptcy to Opportunity
Home Capital Survived in 2017 Home Capital investors had a volatile two years. The company almost went bankrupt in mid-2017. Allegations from the Ontario Securities Commission that management misled investors about mortgage fraud within its broker network led to a run on the bank. 95% of its saving accounts deposits disappeared as a result. On…
Nvidia Stock Staging a Deceptive Elliott Wave Recovery
The last three months of 2018 may have been bad for stock market investors in general, but few suffered more than NVDA shareholders. Nvidia stock climbed to an all-time high of $292.76 a share on October 2nd. By December 24th it was down to $124.50, losing over 57% in less than 90 days. So it…
General Mills Stock Staging an Elliott Wave Recovery
If you think the last three months have been bad for stock market investors, think about how General Mills stock investors must be feeling. GIS has been steadily declining since mid-2016. Two and a half years ago, the share price climbed to an all-time high of $72.95. Last week it fell to $36.42, so it…
