Five Months Ahead of HollyFrontier ‘s Collapse

Oil stocks plunged across the board Monday following an epic OPEC+ negotiations failure. The price of oil was down over 31% yesterday after Saudi Arabia launched an all-out price war. One of the many casualties was HollyFrontier, which we covered over five months ago. HFC tumbled almost 16% to close Monday’s session at $24.10. And…

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Disney Stock’s Weakness Exposed by COVID-19 Panic

The coronavirus panic caused indiscriminate selling of almost every stock, regardless of the underlying company’s position. Among the hardest hit blue chip stocks was Walt Disney. The bearish logic behind the 28% selloff is that a big part of Disney’s revenue comes from its movies and parks. People fearful of infection would rather stay home…

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Bank of America Lost 30%, but Sent a Warning First

The coronavirus panic coupled with the Fed’s emergency 50 basis points rate cut sent bank stocks plunging very quickly. Bank of America, one of the “too big to fail”, is down almost 30% from its December 2019 high. However, BAC is in a much better financial shape than ten years ago. In fact, the company…

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COVID-19 De-Risks Royal Caribbean Stock

COVID-19, or the coronavirus as it is commonly known, is taking its toll on the travel industry. Cruise ship operators are among the hardest hit as ports refuse docking to ships with infected passengers on board. The share price of Royal Caribbean Cruises, for example, is down over 52% in less than two months. The…

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Walgreens Stock Dips Below $45 as KKR Deal Stalls

We last wrote about Walgreens stock on November 11th, 2019. Shares were hovering around $62 after news that KKR’s was willing to take the company private. It was going to be the largest leveraged buyout in history. We, on the other hand, were more interested in what was going to happen with the stock in…

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Avoiding Boeing ‘s Perfect Storm and 40% Crash

The past year has been a real nightmare for Boeing investors. The stock reached an all-time high of $446 a share on March 1st, 2019. And just when it looked like the sky is the only limit, things took a sharp turn for the worse. Two of the company’s 737 MAX planes crashed within five…

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“DAX Falls on Coronavirus Fears.” It’s Not That Simple

The coronavirus outbreak is a convenient explanation for everything market-related these days. According to the media, investors across the globe panicked last week that the virus, which has taken over 3000 lives already, is going to become a pandemic. Major stock market indices in the U.S. lost roughly 14% in the past five trading days.…

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Gold Fails as a Safe Haven Amid Coronavirus Panic

The S&P 500 was down 14.4% for the week at one point Friday on fears the coronavirus outbreak is going to become a worldwide pandemic. It is common knowledge that investors turn to gold when stocks and other risky assets decline. Last week, however, that wasn’t the case. While stock markets around the globe were…

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S&P 500 – Elliott Wave Ahead of the Coronavirus Panic

It’s been a bloody week for stock investors. Markets are crashing across the globe on fears that the coronavirus outbreak, which originated in Wuhan, China, is going to become a worldwide pandemic. The DJIA and the S&P 500 lost 10.8% and 10.7% in the past four days, respectively. As of this writing, the futures market…

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Is Coronavirus the Black Swan to Sink Dow Jones?

Stocks around the globe sold off Monday on fears coronavirus is getting out of control. The virus appears to be spreading from Asia to Europe as Italy announced it is putting 12 towns under quarantine. Dow Jones fell 3.56% in response to the news, while the S&P 500 lost 3.35%. Now, everyone is wondering if…

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GBPUSD Completes Pattern, Uptrend to Resume

When we last wrote about GBPUSD Britain was still an EU member. Today, that is no longer the case as the country left the Union on January 31st. On the other hand, the pair is roughly unchanged, currently hovering around 1.2900. In fact, GBPUSD has been tracking a classic Elliott Wave pattern. Take a look…

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Chipotle Bulls Reach the Promised Land. Now What?

In late-March 2019 we published an analysis, stating that Chipotle bulls were aiming at $900 a share. The stock was hovering around $700 at the time, but the momentum it was gaining made us confident it can rise some more. The Elliott Wave chart our confidence stemmed from is given below. Following a perfect 5-3…

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Bitcoin Is Up 35% Since Christmas. Here is Why

The price of Bitcoin was hovering around $7200 on Christmas, down from $13 880 six months earlier. And while the majority of headlines were all doom and gloom, the cryptocurrency‘s price charts were telling a very different story. Bitcoin was down 48% from its recent top, but that wasn’t the time to join the bears.…

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Buying Rational Stock Now is Irrational

Rational AG is a German kitchen appliances and processors manufacturer, founded in 1976. With over 750,000 appliances on the market, the company is one of the leaders in the industry. Not surprisingly then, its stock price has been rising for quite a while now. 17 years ago, in March 2003, Rational stock fell to 25.32…

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Salesforce Bulls To Head for the Exits Soon

Salesforce .com stock fell to $2.25 in August 2004. What followed is nothing short of spectacular. Shares closed at $182.31 on Friday, up 8000% or 34% compounded annually. In other words, CRM multiplied investors’ money by 81 in less than 16 years. However, even traditional valuation measures indicate the stock is getting ahead of itself.…

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