Investors who were brave or fortunate enough to buy Dell Technologies during the coronavirus panic of March 2020 must be very pleased with the results. The stock is up 338% from that bottom at $25.51 and closed at $111.63 yesterday. For a profitable, growing and financially sound company like Dell, that surge is not a…
Has ServiceNow ‘s Bubble Finally Reached its Limit?
After the huge success of Amazon Web Services, it is easy to see why cloud computing is such a hot sector right now. However, no trend lasts forever and no stock remains a Wall Street darling indefinitely. Today, we’d like to examine another red-hot company in the cloud industry – ServiceNow Inc. With a market…
Megacable Stock – A Pattern 13 Years in the Making
Megacable Holdings engages in the provision of telecom services to 250 cities in 25 states in Mexico. Headquartered in Guadalajara, the company was founded in 1982 but did not go public before late-2007. Listing on a public market in 2007 practically guaranteed terrible stock performance over the next year or so during the global Financial…
GN Store Nord Stock On Its Way to the Bargain Bin
In case you didn’t know, GN Store Nord A/S is a leading hearing aid devices manufacturer, based in Denmark. The company’s annual sales are expected to exceed DKK 15 billion this year. According to Statista, GN held a 15% share of the global hearing aid device market in 2019. Considering that its growth rate has…
Roku Down 37% as Elliott Wave Correction Unfolds
We last wrote about Roku in the spring, on May 24th, 2021. The stock was hovering around $330 a share. Fundamentally speaking, we thought that even this was too high a price. A quick look on the company’s weekly chart, however, convinced us that “Roku ‘s bubble can keep inflating”. Not indefinitely, though. The anticipated…
Three Months Ahead of NovoCure ‘s 35% Plunge
Our first and only article on NovoCure stock was published almost three months ago, on July 1st. In it we shared our view that the tumor treatment company was not only significantly overvalued, but in immediate danger of a large stock price drop. The stock had just fell 15% in one day, despite positive TTFields…
MongoDB – Bearish Pattern Joins Nosebleed Valuation
MongoDB Inc. is a general purpose database platform developer and provider. The company was founded in 2007, but only came public ten years later – in 2017. During the following four years, the stock has risen from an IPO price of $33 to $515 a share as of last week. So, it is fair to…
Pandora Does Things Right. Stock May Need a Breather
When we wrote our previous article on Danish jewelry maker Pandora in December, 2020, the stock was up over three-fold since March. That recovery from DKK 180 to DKK 651 didn’t not come out of the blue, though. It was the result of a bullish setup we managed to identify as early as July 2019.…
Match ‘s SP500 Inclusion a Good Excuse to Reach $200
Match Group Inc. rose over 10% in post-market trading Friday following reports that it is going to be included in the S&P 500. The company, which owns Tinder, OkCupid and most other major dating apps in the U.S., has a market cap of over $41B. Despite the anticipated “summer of love”, though, this is not…
Cameco Stock Seems to Have Finally Turned a Corner
Uranium spot prices are on the verge of breaking above $34/lb, up over 80% from the bottom of $18/lb reached in late-2016. Cameco, as one of the world’s top uranium producers, is now seeing its stock price rising in tandem. Yesterday, it closed at $19.16 after reaching $21.95 in June. We first covered Cameco in…
A Fresh Look At Cigna ‘s Elliott Wave Super Cycle
In a case study article on Cigna, published in October, 2016, we examined how a fundamentally sound and undervalued stock can still drop nearly 90%. The reason for that crash didn’t lie in some company specific issue. Rather it happened to occur during the biggest financial crisis in 80 years. Nevertheless, we made the point…
CBOE Takeover Rumor Lifts Stock to Elliott Wave Target
We first wrote about CBOE Global Markets less than eight months ago. The S&P 500 had already recouped all its COVID selloff losses and was hovering at new all-time highs. CBOE, in contrast, was still down 30% from its 2018 record, trading below $97 a share. For some reason, the market was ignoring the company’s…
Ahead of Ulta Beauty ‘s 150% Gain Since Lockdown
Buying shares in a beauty retailer in March 2020 sounded like a crazy, stupid idea. Stock markets around the world were plunging at a record pace amid a global GDP crash resulting from government-enforced lockdowns. People were stockpiling necessities in preparations not to leave their homes in the foreseeable future. With COVID-19 cases rising everywhere,…
LKQ Stock On the Verge of Doubling Yet Again
The first and only time we wrote about LKQ Corporation was in late-September, 2020. The stock had just doubled from its coronavirus plunge and was hovering around $27. Despite the recent strength, however, we thought the shares still present a good investment. In a time of crisis one cannot rely on charts alone, so the…
Tencent to Start Rising Amid China’s Tech Crackdown
Stocks of China’s tech giants have been falling for months as the country’s crackdown on the industry spooked investors. After Alibaba was slapped with the biggest antitrust fine in China’s history, risks increased that regulators are not done with Tencent despite its own $1.5B fine. As a result, the stock fell from its February 2021…
