|Day Low/High||40.79 / 41.25|
|52 Wk Low/High||36.45 / 52.06|
Bunge is still hovering in the range of its December lows but appears poised for a big bounce.
The selloff in Alphabet presents opportunity, and I think this cash machine is ripe for a small long position.
Buckle up after Super Sunday.
The stock's low point in December was almost certainly Bunge's latest and most fabulous entry point.
Things may pick up in the afternoon -- here is how to play it and what sectors to be wary of.
Argus Research details 24 stocks likely to be impacted, one way or the other, by trade wars and tariffs.
Tech is still the equity market's leading sector over three months -- and over most timeframes going back years.
I think it very possible that there will be a positive reaction tonight, more likely based on what Tim Cook says.
These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
ADM now looks ready to start a stronger move to the topside.
Maybe inverse and/or leveraged positions are perverse in nature.
I prefer a bullishly biased vertical call spread expiring in June.
The fundamentals are there, supported by earnings. Let's look at the charts.
* Little happening (modest gain in the S&P Index), save the continued rotation mentioned this morning. * Sentiment is that new Chief of Staff John Kelly will bring some order into a disorganized and dysfunctional White House. * Busy morning for data...
This ADM out-of-the-money, bullishly biased vertical call spread expires in September.
The technical signals for this agribusiness giant are all bullish.
The industry is showing strong earnings growth after weather improved.
I'm talking about head-to-head comparisons of companies.