|Day Low/High||282.26 / 293.30|
|52 Wk Low/High||88.69 / 292.69|
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
By selling out of big losers prior to the quarter's close, portfolio managers can hide the stocks from clients, but some downtrodden shares could be ripe for bounces next week, so here's my list.
Let's look at their price charts and technical indicators, and draw some conclusions.
Plus, a look at Ulta Beauty and a possible options play in the retailer.
Some key names are set to release their latest earnings results.
AAWW shares have gone nowhere since 2010 for buy-and-hold types, but traders have been able to pocket huge-percentage gains over relatively short periods of time.
Plus, many market players don't wait for the Federal Open Market Committee's latest announcement to jump in, and President Trump's latest Xi tweet gooses equities.
Talks between Washington and Beijing unlikely to end tariffs, but what would be worse? If the Fed chief dropped his guard on a single tweet.
Applying a less than normal 16x multiple to FY 2020's estimate would justify a move to $285 by FedEx's stock price over the next 12 to 18 months. Total return could exceed 80% on this very blue-chip name.
FedEx's rise on bad news and Facebook's fall on the same are two examples of how it's hard to figure out when enough's enough.
The blockchain effort could be a necessary step towards the future of global shipping and driving down costs.
Expect more mud to fly against iconic companies in both countries.
Then again, the time to buy often ends up being the time when nobody wants to.
FedEx's falling out of favor in China over the Huawei delivery issue could open the door to its foes.
Let's step back and look at the bigger picture.
The shipping giant is feeling the effects of intensified U.S.-China trade war hostilities.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
Only economists and pundits seem to be worried about a pending crash that might never occur.
Portfolio managers are exercising their First Amendment right to do incredibly stupid things.
* If 3M's EPS miss and this column doesn't give you pause for reflection on how investors blindly follow price, nothing will! * Despite protestations from those that worship at the altar of price, share prices are not necessarily truth * Case in poi...
When you see that money pouring out of the market it is going to be looking for a home. The home will most likely want some economic sensitivity.
It has become almost too onerous to own something that could be in Amazon's crosshairs.
3M, Walgreens and FedEx had tough reports last quarter. But what they really tell us is to watch fundamentals on earnings.
Portfolio managers care more about Chinese expansion than they do Chinese trade talks.
Before I jump on the radio, here's a quick list of upgrades, downgrades and new research coverage coming out of Wall Street this morning... - Hilltop Holdings upgraded to Overweight from Neutral at Piper Jaffray - Trex upgraded to Buy from Hold at S...
Taken together they create a worrisome picture, one that can explain why it wasn't just the banks that fell on the inversion news.