|Day Low/High||179.25 / 183.50|
|52 Wk Low/High||129.33 / 206.80|
Traders and investors were disappointed recently when the IT company did not raise guidance and that weakness does not look like it has run its course.
Let's look at the charts of both of these companies.
The incredible trajectory of Beyond Meat is daunting to those of us who fear a toppy market and the run in the stock is a slap in the face of those who care about too much enthusiasm.
Simply put, traders at the larger institutions were driven either by risk managers or simple fear out of FANG and information technology, and into anything else.
Analysts now expect an earnings recession to become reality after negative Q1 growth, and ahead of projected negative Q2 growth.
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
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.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
The downbeat progression of talk is at odds with the market itself.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
'Rookie buying' ahead of the print can get you in trouble.
We have to hope they are given a better chance to tell their story than they were Wednesday.
Use the swoon to buy, but wait until the coast is clear and nothing happens and it is just a random rotation.
The virtualization software firm has reportedly hired Goldman Sachs to explore a potential sale. PE firms are likely to at least kick the tires.
But most important, networking is on fire - the internet of things and that's so terrific for everyone.
Let's check out the charts and indicators this morning.
All this sounds bullish but let's check out the charts.
Samsung's latest flagship phones contain meaningful hardware improvements, and reviews have been pretty good. They're unlikely to be smash hits, but demand could be better than feared.
The least covered and perhaps most important of the Wednesday's three events was the appearance of U.S. Trade Representative Robert Lighthizer before the House Ways and Means Committee.
Aggressive traders can go long above $152.44 and above $160.
Here's why these companies do well in a choppy environment.
What happened today is a recognition by money managers that they are paying too much for the drug and food stocks and too little for the building block techs.
These themes are working despite the turmoil in Washington and slowing global growth.
Oracle is back in the green for 2018 after a strong earnings release on Monday night.
As the market has encountered a bit of volatility and tech stocks began to falter overall, many cloud companies have outpaced the market on the way down.
Buy a dip if available into the $160-$155 area but I suspect that may not happen, so you can also buy strength above $170.