|Day Low/High||13.70 / 14.23|
|52 Wk Low/High||4.82 / 14.76|
Earnings reports continue to outperform, but can this support equity markets at these levels now?
This is how you can tell which camp is winning and which is losing in this time of Covid-contradiction.
Let's look at the chart and see how I'd trade AA.
There are stocks for people who believe we're roaring back, those who are hiding out from the virus, and those fearing gloom and doom. But here are the ones I'd give a workout.
These names are showing both technical and quantitative deterioration.
Watching first-time jobless claims and trading volume, plus some thoughts on defense names like Raytheon and Lockheed Martin, and tech names like Lam Research.
That's the question my wife asked me recently -- here's my answer.
The market impact of the virus for U.S. investors has been seen in more pronounced fashion in Treasury markets.
Copper equities will keep reaping the benefits, until central banks close the taps.
With Trump touting a trade deal and more liquidity being pumped in by global central banks, this is a good time for equities, commodities and risk assets.
Inflation will be a big theme for 2020 and commodities will benefit the most -- especially copper and iron-ore.
The big gains in commodities stocks come to those who jump in when commodity prices are down and forming a bottom, or in the early stages of an uptrend.
Freeport-McMoRan is always going to be my first call on the health of copper.
Apple is on the verge of offering new products that could diversify its revenue stream even further.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
As we have seen so far, in terms of market reaction, there is great reward at the point of sale in beating expectations.
After languishing for months, share of Freeport-McMoRan are on a tear.
This options strategy on SBUX offers potential reward with little risk.
Forward looking valuations, except for Nvidia, are very low.
Thanks to the stock market correction many world-class stocks are back down to attractive levels.
A bullishly biased, FCX vertical call spread expiring in August.
Consider this FCX bullishly biased, at-the-money vertical call spread expiring in April.
The stars are aligned for FCX and another look at the charts is definitely in order.
There probably will not be a trade war, beyond the intention of making a point.
Stocks put in broad gains supported by tax cuts, bonuses, a weaker dollar and more.