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…
McDonalds Stock to Conquer 180 a Share
Despite declining revenues in the last several years, McDonalds’ profits are still on the rise. The company’s stock was also climbing until late-January 2018, when it reached an all-time high of $178.68. But instead of going for the $180 mark, the bulls could not maintain the positive momentum. A little over a month later, MCD…
Foot Locker’s Death Greatly Exaggerated
In about six short months between May and November 2017, Foot Locker lost over 63% of its market capitalization. The retail crisis did not spare FL stock, which crashed from $77.71 on May 10th to $28.42 by November 8th last year, following misses in earnings and revenue in the first two quarters of fiscal 2018.…
Amgen Stock in Trouble, Despite Strong Results
Amgen Inc. (NASDAQ:AMGN) reported its full year 2017 results on February 1st. On a non-GAAP basis, the California-based biotech giant earned $12.58 per share, an 8% increase from 2016. But instead of celebrating another year of strong business performance, investors punished Amgen stock, which fell from an all-time high of $201.22 to $168.45 between January…
Buckle Stock Looks Bullish Ahead of Earnings
2017 was drawing to a close when we wrote an article about this relatively unknown apparel retailer on December 28th. The Buckle stock (NYSE:BKE) was trading near $24.50 after a four-month rally from as low as $13.60. But instead of falling in love with the recovery and joining the bulls, we decided to listen to…
Interpublic, Omnicom to Make Hedge Funds Happy
Facebook and Google are disrupting the advertising business in a way most companies in the industry never thought possible. To make things worse, large consumer companies such as Procter & Gamble and Kraft Heinz have reduced their marketing spending. As a result, traditional advertising companies face slowing revenue growth and uncertain future. Just what hedge…
Disney Stock to Finally Escape from Its Prison
Walt Disney stock reached its all-time high of $122.08 on August 4th, 2015, and has been a one of the most boring stocks in the market ever since. The share price has been lingering between $122 and $86 for almost three years now. The last time we wrote about it, Disney stock was trading slightly…
Hibbett Stock Confirms Uptrend But Needs a Rest
The share price of Hibbett Sports Inc. (NASDAQ:HIBB), a relatively small sporting goods retailer with just over 1000 stores in the United States, fell to as low as $9.40 in mid-August, 2017. During the next six months, however, the stock climbed to as high as $26.25 a share for a total return of 179%. Given…
Ferrari Stock to Hit the Brakes Soon?
Ferrari is capable of incredible speeds and not just their cars. Ferrari N.V. held is NYSE initial public offering in October 2015 and after a decline to $31.66 per share in February 2016, the stock began an incredible rally. Two years later, the bulls reached a high of $130.63 for a 312% total gain, which…
BAC Stock is Everyone’s Favorite Now
Bank of America Corp. had an incredible 2017. Shareholders saw BAC stock rise by as much as 36% on the back of strong revenue and earnings growth. This, in turn, led to even higher expectations for the next couple of years with analysts predicting EPS of $2.40 in 2018 and $3 in 2019. In short,…
Illumina Stock Outperforms, Walks on Thin Ice
There is no question that keeping all eggs in one basket is a risky strategy to rely on in the markets. However, if investors held nothing but Illumina stock for the last two years, they would have beaten the S&P 500 by a large margin. Shares in the biotechnology company have risen by over 76%…
Intel’s CPU Disaster Anticipated by Elliott Wave Analysis
Intel had a great 2017, finishing the year at $46.50 a share for a total gain of 27%. 2018 did not begin very well, though. The stock just fell to as low as $42.69 yesterday, after it became clear that major security flaws found in Intel’s processors make smartphones and PC’s vulnerable to hackers’ attacks.…
AMD’s Crypto-Inspired Stock Chart Looks Promising
The biggest profits during the gold rush of the 19th century were made by those selling picks and shovels. Similarly, graphics cards providers are currently making a killing as the crypto mania inspires a lot of people to spend big on mining equipment. As Intel stock keeps tracking the Elliott Wave path, it is time…
Buckle Stock Declares the Retail Crisis Over
Most retailers must be very happy 2017 is over. It has been an extremely tough year for the sector as store closures and even bankruptcies mounted. Fast-food chains, apparel stores, specialty retailer and even grocers felt the pressure of declining mall traffic and changing customer habits. As a result, their stocks sold off, as well.…
