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…
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…
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…
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…
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.…
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.…
CAC 40 Reaches Highest Level Since 2007
The French CAC 40 benchmark index climbed to 5629 yesterday. The last time it traded above 5600 was in late-December 2007 and while the price is still far from its 6192 all-time high, the current rally is no less significant, especially if we consider that just three months ago the bears dragged the CAC 40…
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…
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…
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…
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,…
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…
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…
WPP Stock Bulls Ready to Fight Back
On July 10, 2017, WPP stock was trading above $101 a share on the New York Stock Exchange, down from its all-time high of $123.33 reached in May, 2015. Despite being down 17.9% already, the Elliott Wave Principle suggested the stock is likely to “lose 30% from current levels”, so we wrote an article to…
Canadian National Railway Afraid of NAFTA Breakup?
President Donald Trump has repeatedly criticized the North American Free Trade Agreement between Mexico, the United States and Canada. The White House recently announced that the deal would need to be renegotiated to include better terms for the U.S. What that means exactly remains to be seen, hopefully within the next two weeks, but given…
