Bristol-Myers Squibb and Celgene are expected to merge into a single company before the end of the year. The deal will create the fifth largest pharmaceutical company in the world with sales of approximately $42 billion in 2019. Bristol-Myers fell sharply after the deal was announced in early-January. In late-April, the stock was still in…
Home Capital: Third Wave Lifts Stock 140% in 2019
Home Capital Group is up 17.4% in Toronto today following the company’s third quarter financial report. The mortgage lender beat analysts’ earnings expectations and delivered improvements in other areas, too. In total, HCG is up ~140% in 2019. But things didn’t look so rosy at the beginning of the year. The stock was hovering in…
Walgreens: Did the Market Foresee that KKR Offer?
Anyone who’s been in Elliott Wave analysis long enough has noticed how often some external factor “makes the price move” in the direction the analysis had identified much earlier. We’ve seen it happening in crypto, we’ve seen in happening in stock indices. Now, it happened with Walgreens stock. Walgreens jumped on November 5th after CNBC…
SERV Stock Gave a Warning Before Crashing 40%
The last three weeks have been tough on ServiceMaster shareholders. SERV stock was hovering around $56 a share as October went into its final third. But when the company announced its preliminary Q3 results on October 22nd, all hell broke loose. Apparently, Wall Street didn’t like what it saw, which resulted in a swift and…
Expedia Disappointed. Elliott Wave Analysis Did Not
Expedia stock is down 25% today after the company’s Q3 results missed expectations. GAAP EPS fell 57 cents short of analysts’ estimates. The revenue figure was anticipated to be $10 million higher than reported, as well. On top of that, Expedia cut its full-year guidance which annoyed Wall Street even more. That is the official…
SEIC Stock Can Lose Half its Value in a Recession
SEI Investments provides investment management, processing and platforms for private banks, institutional investors and investment advisors and managers. With a market cap of roughly $9.4 billion, the company is in the mid-cap category, which is generally thought to offer some of the best growth potential opportunities. But is SEIC stock a good choice around $62…
DexCom ‘s Wall Street Darling Status is in Danger
In previous articles, we’ve discussed numerous stocks, which brought their investors great returns in the past decade. Today’s material will focus on one that beats them all. DexCom – a medical device company, headquartered in San Diego, California. In November 2008, during the throes of the Financial Crisis, DXCM stock plunged to as low as…
3i Group Stock Vulnerable to a 35% Elliott Wave Decline
Headquartered in London, UK, 3i Group is a multinational private equity and venture capital company. Its field of operation makes is highly dependent on the capital markets and the state of the economy. For example, 3i Group stock fell sharply during both the 2000-2002 Dot-com crash and the 2007-2009 Financial Crisis. Between September 2000 and…
Heineken Beer Tastes Better than the Stock
Founded in 1864, Heineken N.V. is the largest brewer in Europe and the second largest in the world. Even though its original brewery in Amsterdam closed in 1988, the company still operates over 165 breweries in more than 70 countries around the globe. During the Financial Crisis, in March 2009, Heineken stock fell below 19…
Bank of America Breaking Out of a Triangle Pattern
We last wrote about Bank of America in January, shortly after the company’s Q4 2018 report. The market was in a positive mood, sending the share price up to $28.44 at the time of writing. In addition, our Elliott Wave analysis of the situation indicated more strength can be expected going forward. Nine months later…
Nvidia Stock to Take a Turn for the Worse?
Nvidia shareholders have plenty to be grateful for so far in 2019. The stock is up nearly 37% since we wrote about it in January. On the third day of the new year NVDA was hovering around $136 a share following a sharp selloff from ~$293. However, the five-wave impulse pattern formed by this plunge…
Verizon Nears a New Record. Can it Last This Time?
Verizon stock reached its all-time high twenty years ago, in October 1999. The dot-com bubble was at full swing and few questioned the validity of the bullish thesis. Stocks were supposed to never stop rising and make everyone rich. Unfortunately, the bulls gave up as soon as Verizon touched $64. Nine years later, in October…
Masco Stock Can Lose 50% Once it Reaches $50
Masco Corp. was founded in 1929 – the year the Great Depression started. The company survived and prospered during the next 90 years and seems to be in a healthy shape in 2019. People will always need home-improvement products and Masco will probably be around for many years. However, as the prospects for the global…
HollyFrontier Concluding a Bearish Elliott Wave Cycle
HollyFrontier Corp. is an independent petroleum refiner with a market cap of roughly $8.8 billion. The stock reached an all-time high of $83.28 a share in June 2018. By late-May 2019, it was barely able to hold above $37, losing nearly 55% in just one year. However, HFC recovered significantly in the last four months.…
Legg Mason Looks Bullish But Needs a Pullback
Legg Mason stock fell to $23.25 during the December 2018 rout, but managed to regain its footing as 2019 began. Two weeks ago, it touched $40.27 for a year-to-date gain of 73%, not counting the dividends. But stocks don’t rise in a straight line. After a big surge in a short time it is usually…
