2017 marks the first time the United States is hit by two back to back Category 4 storms. Depending on who you ask, Harvey and Irma are estimated to have caused between $30 and $90 billion in combined damage. Chuck Watson, an analysts with Enki Research, went even further by saying that going back to normal…
Johnson & Johnson is a global medical, pharmaceutical and consumer goods manufacturer, founded in 1886. The company’s stock, listed on the New York Stock Exchange under the symbol JNJ, is a component in the S&P 500 as well as in the Dow Jones Industrial Average index. This is a blue chip company with a long…
Eight month ago, we stumbled upon the daily chart of Oil States stock and immediately recognized a dangerous situation. A few days before New Year, while OIS was trading close to $40 a share, the Elliott Wave Principle warned us that “the bears are supposed to take the wheel again“, since there was a “Textbook…
It has been a rough week for Advance Auto Parts shareholders. The stock closed at $109.32 on Monday, only to crash to as low as $82.21 on Tuesday for its biggest one-day drop ever, after the company announced weak results and provided a grim sales outlook. What makes things even worse is the fact that…
In May 2016, Apple stock fell slightly below the $90 mark. Yesterday, August 15th, 2017, shares climbed as high as $162.20 for a total gain of 81.2% in just 15 months. One of Apple’s largest shareholders, Warren Buffett’s Berkshire Hathaway, took a huge advantage of this surge by buying AAPL shares when they were priced…
“Another decline at least to the support area near $34 – $33 might be underway.” That is what the Elliott Wave Principle suggested about the share price of Intel Corp. back on January 31st. While the stock was trading at $37.40 over six months ago, we published an article to show you the following chart.…
Berkshire Hathaway’s shareholders are not like the owners of other public companies. By following Warren Buffett’s long-term approach, most of them stay with the company in good times and bad, regardless of what the market is doing with the price of the stock. Nevertheless, it pays to be prepared. The last time we wrote about…
Hibbett Sports stock was trading above $68 per share for a while in December, 2013. Today, less than four years later, you could buy in for under $16. At one point last week, Hibbett was down by 81% from its all-time high. Such a severe crash could fill with doubts even the most devoted of…
Vestas Wind Systems is the world’s largest wind turbine manufacturer. The company has installed almost 60 000 wind turbines in 76 countries around the globe. Last year’s record breaking revenue of 10.2 billion euro helped the stock gain enough inertia to give Vestas Wind Systems a market cap of $19.2 billion as of this writing.…
Just when Elon Musk’s Tesla is about to start delivering its first mass-production electric vehicle – the Model 3 – to clients, the stock suddenly dropped from an all-time high of $387 to $303 in just two trading weeks. The price managed to rebound and is currently hovering around $323 a share. However, the company…
Like many others, communications services provider WPP Plc stock rebounded handsomely from its Financial crisis bottom at $22.35 a share in late-2008. By May 2015, the bulls had already lifted the price above the $120 mark. The problem is that unlike many other stocks, WPP’s went exactly nowhere during the past two years, locked in the…
According to a report by Yahoo, Verizon stock is the worst performer among the 30 stocks within the Dow Jones Industrial Average so far in 2017, after the share price of the telecom giant is down by over 18.5% this year. And indeed, Verizon finished 2016 close to $53.40 a share. Last week, it fell to…
Nordstrom Inc. is one of the largest fashion retailers in the United States and Canada, operating 354 stores in total. The company was founded in 1901 in Seattle, Washington. In this respect, Nordstrom has seen everything the retail industry and the economy as a whole could offer. It survived both world wars, the Great Depression, the…
Shares of Qualcomm Inc., the San Diego, California-based chip-maker, have been on a tear since late-April, when the price touched $51.06. A little over a month later, the stock closed the last trading session at $58.58, representing a recovery of 14.7%. Many might see this rally as an invitation to grab shares in one of the…
It was September 12th, 2016, when we first wrote about CVR Energy stock. In that material we examined the stock’s long-term perspective from an Elliott Wave point of view and arrived to the conclusion that investors in the small-cap refiner should not feel discouraged from the recent price plunge, because its structure suggested it is…
