|Day Low/High||235.33 / 242.38|
|52 Wk Low/High||149.24 / 282.77|
On the back of several major market indices putting in fresh highs this week, we have a bunch of fresh Buy ratings (and a sell, too): Adobe initiated with a Buy at Goldman; target $580 Intuit resumed with a Neutral at Goldman; target $430 Meritage ...
As power has changed hands in the White House, we can expect these names -- and themes -- to benefit.
I rolled up my sleeves to tamp the froth and slay the euphoria, and here's what I found instead.
Let's check and see how flexible the charts look.
Technical analysis has become so much more accurate a trading tool than it ever was before.
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
The charts suggest more upside potential for the cloud software company's shares than was the case a few months ago.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
There is plenty of chasing of the strength which is an indication that FOMO is in overdrive again.
The company's backlog of revenue set to be recognized in the next 12 months grew much more strongly than expected.
Unless there is something truly new at work, disregard the bump as nothing more than Wall Street silliness.
Wall Street is richly rewarding software firms it sees as long-term share-gainers within large addressable markets.
The Fed and Treasury are set on avoiding the mistakes that doomed us in the past, and we have to invest for this new market we're in now.
The risk-reward for the shares of the cloud-based human resources software provider isn't as attractive as it could be.
WDAY looks ready to break out as traders weigh wether markets are now overbought after this 2-day run.
Rising U.S.-China tensions continue to weigh, but new home sales and stalled continuing jobless claims may be positive catalysts.
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.
Rate cuts and other Fed actions are motivating some tech companies to raise funds or refinance existing debt.
Should growth expectations have to come down for more than a few months due to macro headwinds, tech companies sporting high valuations will likely see multiple compression.
Let's see how the charts and indicators are positioned ahead of the numbers.
What we have witnessed in recent days would be Wall Street and corporate America in aggregate finding great difficulty in quantifying what is clearly at this point, unknowable.