|Day Low/High||135.90 / 155.40|
|52 Wk Low/High||179.49 / 314.76|
SMAR is one of the few names not releasing earnings right now, and appears an attractive play.
There is no doubt that this is the most aggressive and pro-active Fed since at least the days of Paul Volcker's tug of war with consumer level inflation, not to mention the Reagan administration.
This precarious rally came on the back of oil production cut talks, but the equity markets remain in a downtrend.
I don't think it would be too much of a stretch to imagine that too many investors, or citizens for that matter, will mind seeing March 2020 head on out of here.
Consider these stock model ideas: virus groups, work remotely, and fiscal.
It's a paradigm shift that all started with Zoom and Cisco's Webex.
Let's check out the charts of DOCU.
As we head into the last hour of trading today, let's take a look at which companies are slated to report their quarterly results after the close and their consensus EPS expectations: Adobe : $2.24 Broadcom : $5.36 DocuSign : $0.05 Gap : $0.41 Orac...
What came first? The chicken or the egg? The bear market or the pandemic? I don't care much for labels.
What boggles my mind is DocuSign sitting out there at $15 billion that could work well with HPQ - or Xerox - and their strong free cash flow.
The stock was sold down hard at the open but has bounced nicely as the day has progressed.
Plus, the Saudis look to press their oil agenda while Europe prints some ugly economic data.
There still is no compelling reason to bet on a major market correction at this time.
Xerox or HP or both should consider going after DOCU, and here are two ways for investors to do the same.
For a market that is this close to all-time highs there's a remarkably poor ratio of new highs to new lows.
Investors need to do what works for them in markets where trading action is extremely random.
The cloud stock's results weren't great, but were nothing close to the FedEx disaster.
In my opinion, MA is a good one, otherwise it would not be on my book.
DOCU reports quarterly earnings on Thursday.
If history repeats itself and LULU again over-delivers after under-promising, it should hit the $190-$200 range before summer's end.
Markets are still willing to pay top dollar for high-growth software names that meet or beat their high expectations. But they're proving remorseless to the growing list of firms to fall short.
As of now, the schedule of tariffs on Mexico that would begin at 5% this Monday has not changed.
Here's the problem I see from 10,000 feet.
Even with earnings set for June 6th, I believe we could see a run in front of the number.
While DBX reports earnings tonight and has plenty of cash, they aren't exactly expecting big growth in the bottom line.
Eight of these 11 trade ideas are in the green, with a few big winners.