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…

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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…

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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…

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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…

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PZZA Stock Chart Hides an Elliott Wave Message

Papa John’s International, founded in 1984 and headquartered in Louisville, Kentucky, operates approximately 5 200 pizza restaurants globally. The company went public on the NASDAQ stock exchange in 1993 under the ticker symbol PZZA and reached its all-time high of $90.49 in December 2016. Unfortunately, no trend lasts forever and PZZA stock was a big disappointment…

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JNJ Stock Preparing for a Bullish Breakout

JNJ stock did not start the year in the best way possible. The share price fell from an all-time high of $148.32 on January 17th to as low as $118.62 on May 29th, erasing 20% of the company’s market capitalization. Such declines come to remind us that even the best of blue chip stocks do…

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Oracle Stock Investors in for a Bumpy Ride

Oracle Corporation was among the symbols of the Dot-com bubble. The company reached an all-time high of $46.47 a share in September 2000. Less than two years later, in June 2002, the stock was down by over 84% and was barely holding above $7. But unlike many other dot-com darlings, Oracle survived the crash and…

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Foot Locker Resurrected by Elliott Wave

Less than two months ago, on April 1st, we published an article about Foot Locker. While the stock was hovering around $45.50, its hourly price chart revealed an Elliott Wave pattern, which encouraged us to believe the worst was over for this sporting goods retailer. Take a look at it below to refresh your memory.…

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American Express Stock in Reversal Territory

American Express stock fell to as low as $50.27 in February 2016 after the company’s net income fell by 12% in 2015. But as it usually happens with great companies, AXP was quick to rebound and less than two and a half years later the stock is trading near all-time highs above $100 per share.…

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BAC Stock Headed to $40 a Share

After two consecutive years of spectacular gains, which nearly tripled Bank of America’s market cap, the too-big-to-fail financial institution is having a slower, but still strong start of 2018. BAC stock is up 5.22% year to date, easily outperforming the S&P 500. Besides, analysts’ estimates for the company’s future earnings are constantly improving. As of…

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Buckle Stock Gains 40% in Two Months

Two months ago, on March 15th, we published an Elliott Wave analysis of The Buckle stock (NYSE:BKE), saying that “the stage is set for a surge.” At the time of writing, the stock was barely holding above the $18 mark after a decline of nearly 30%. But instead of joining the bears, we thought that…

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Alibaba Stock Attacks $220 but Runs on Fumes

Jack Ma’s Alibaba Group made its NYSE debut at $92.70 a share in September 2014. The initial bullish enthusiasm lifted Alibaba stock rice to $120 two months later, but once it settled down BABA entered a bear market, which erased over 50% of the company’s market value by September 2015. On January 31st 2018, Alibaba…

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Expedia Stock Investors Cannot Feel Safe Yet

Expedia stock reached its all-time high of $161 in late-July 2017, but has been a big disappointment ever since. The stock fell to as low as $98.52 in February 2018, and after a recovery to $118 so far, it is still down by 29.5% from its record high. Now, Expedia Group Inc. is a profitable,…

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Yum Brands Stock Looking at a 20% Correction

In just over two years, Yum! Brands stock (NYSE:YUM) nearly doubled from as low as $46.44 in February 2016 to $87.45 earlier this month, bringing the total market capitalization of the fast-food restaurant chain to over $29 billion. Does this mean now is the time to jump on the bandwagon in anticipation of even better…

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Mylan Stock to Leave Three Painful Years Behind

Three years ago, in mid-April 2015, Mylan stock was trading in the vicinity of $77 a share following a phenomenal rally from as low as $5.75 in late-October 2008. Currently above $40, Mylan (NASDAQ:MYL) is trying to recover from its 61.7% selloff which dragged the share price to $29.39 by August, 2017. Would the bulls…

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