Headquartered in New York, Ubiquiti Inc. is a communication equipment manufacturer with a market cap of ~$13 billion. The stock is up 85% since its late-August low and is now trading in the vicinity of $200 a share. Understandably, such sharp and fast rallies easily attract people’s attention. Extrapolation of the past into the future…
Disney Stock Forming a Major Elliott Wave Top
The last time we wrote about Disney stock was on April 17th. The company had just announced its own streaming service, sending the price sharply higher to over $130 a share. The interesting part was not the surge itself, but the fact that the Elliott Wave principle managed to prepare us for it a year…
Nikkei 225 Can Lose 30% in Next Corrective Wave
The Japanese Nikkei 225 reached a multi-year high of 24 448 in October 2018. The last time the index traded this high was 27 years ago, in 1991, in the aftermath of the Japanese asset bubble. However, the bulls couldn’t maintain their momentum last year, which opened the door for a decline to 18 949…
Bristol-Myers Stock Pattern Triggers a 37% Surge
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…
S&P 500: Triangle Pattern Leads to New Record High
The S&P 500 reached new all-time highs on the back of better-than-feared earnings season and improved US-China trade prospects. The index closed at 3085 Thursday, bringing its 2019 tally to the impressive 23.1%. But was there a way to predict this move instead of just explaining it after the fact? To paraphrase Warren Buffett, the…
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…
Insurance ETF Poised for an Elliott Wave Correction
The SPDR Insurance ETF reached a new all-time high in September, helped by a solid job market, increasing wages and rising consumer confidence. The price is up 630% since the Financial Crisis low at $4.77 in March 2009. The question is, can investors trust the uptrend to continue? Regardless of what pundits say, we don’t…
Financial Bubbles: A Short History (Infographic)
Markets go bust so often we somehow accepted that it is a fact of life. The truth is that financial bubbles can be forecast accurately and prevented successfully way ahead of time. Our friends at Fortunly explain that the life-cycle of a financial bubble always starts with emotional investing. Overblown asset valuations and irrational expectations…
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…
