It has been a while since April 3rd, when we published our last update on McDonald’s. In that highly bullish article we shared our view that MCD stock ‘s recovery was poised to continue and eventually reach $180 a share. MCD was trading near $157.70 back then. Over five months later, it is still hovering…
Twitter Stock Remains in Pullback Mode
When Twitter stock touched $14.12 on April 17th, 2017, it was just a few cents away from a new all-time low. Fourteen months later, in June 2018, TWTR was trading in the vicinity of $48 a share following a phenomenal 238% surge. Unfortunately, just when the company turned free cash flow positive and everyone was…
AMD Stock is Up 190% in 2018. Be Careful Now
Our first and so far only article about Advanced Micro Devices Inc. was published on January 4th, 2018, when AMD stock was hovering around $11.55 a share. Back then the Elliott Wave analysis of AMD’s daily chart made us think the cryptocurrency mining boom was going to propel the stock price to a new high…
BAC Stock on Its Elliott Wave Path to the North
A little over two months ago, on July 2nd, we published an article about Bank of America stock. The price was then hovering near $28.20 a share, following a decline from as high as $33.05 in March. Fortunately, despite the 15% plunge, the Elliott Wave Principle (and the company’s fundamentals, by the way) suggested BAC…
Hibbett Stock is an Elliott Wave Bargain
The last time we wrote about Hibbett Sports Inc., a relatively small sports shoes and apparel retailer, was more than half a year ago, on February 20th. While Hibbett stock was trading around $25 a share, our Elliott Wave reading of its price chart made us believe the stock is headed higher in the long-term,…
OLED Stock Bulls Living on Borrowed Time
Universal Display Corporation is engaged in the research, development and commercialization of OLED technologies, which explains why its stock symbol on the NASDAQ exchange is OLED, even though it has nothing to do with the company’s actual name. OLED stock climbed to an all-time high of $209 per share in January, 2018. Unfortunately, the rest…
Intel Looks Like a Buy-the-Dip Opportunity
When we published our last update on Intel in January, the stock was down to less than $44.50 a share following news that major security flaws in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks. The situation looked very bleak for Intel as many corporations and institutions threatened to sue the company over the…
Chipotle’s Recovery Needs a Healthy Pullback
In August 2015 the price of Chipotle Mexican Grill (NYSE:CMG) stock was hovering in the vicinity of $760 a share. The company was a Wall Street darling, whose future looked especially bright considering its revenue and earnings growth over the past several years. Unfortunately for all CMG shareholders, E.coli, salmonella and norovirus outbreaks formed a…
Pandora’s Jewelry Hasn’t Lost Its Shine
And Pandora the stock is ready to get its shine back, too According to Pandora A/S’ 2017 annual report, the Copenhagen-based company is the “leader in the affordable jewellery segment and the largest producer of jewellery worldwide in terms of pieces crafted.” That leading position paired with double digit average earnings growth in recent years convinced…
Alibaba Stock in Corrective Mode Now
Two and a half months ago, on May 7th, we analyzed the daily price chart of Alibaba stock and reached the conclusion that once the bulls lift the shares to a new all-time high near $220, a bearish reversal should be expected. Two things happened since that analysis: first, Alibaba stock climbed to $211.70 in…
CVR Energy Remains a Solid Long-Term Oil Play
Almost two years ago, on September 12th 2016, we published an article about a little known oil refiner, whose stock price had plummeted by over 82% in just over three years. The company’s name was CVR Energy Inc. and its crash of course coincided with the great selloff in crude oil prices. And while others…
Glencore’s Subpoena Plunge in Elliott Wave Context
Glencore, the world’s largest cobalt miner, plunged by as much as 13% in intraday trading on Tuesday after the news spread that the company has received a subpoena from the U.S. Department of Justice. Authorities are requesting documents regarding Glencore’s business in Congo, Venezuela and Nigeria as the company is under suspicion of corrupting government…
Bank of America Deserves a Higher Valuation
Bank of America is having a great year so far. The mega bank beat earnings and revenue estimates in the first quarter and was one of the top performers during the Fed’s recent stress test, which allowed it to boost its dividend by 25% and further support its share buyback program. In addition, the company…
Barratt Stock Decline Not a Buy-the-Dip Opportunity
Barratt Developments PLC is the largest house-builder in Great Britain. Founded in 1958, the company acquires land and plans, designs, constructs, develops and sells homes in the United Kingdom. Similarly to many home-building companies, Barratt had a tough time during the housing crisis. The stock, which trades under the ticker symbol BDEV on the London…
3M Stock to Give Investors a Chance to Evacuate
2018 is nothing like 2017 so far for 3M stock investors. The share price reached an all-time high of $259.77 on January 26th, but has been steadily declining in the past five months, losing over 26% at one point in May. If you have been following us for at least two years, you probably know…
