|Day Low/High||35.95 / 37.12|
|52 Wk Low/High||9.82 / 40.86|
The charts and indicators of the auto parts retailer are in pretty good shape, but market weakness could drag down its stock.
Let's switch gears and talk about where we are hearing some pockets of strength this morning - housing and consumer spending. Homebuilder KB Home reported May quarter revenue and EPS that missed consensus expectations last night. The homebuilder sha...
I don't envy anyone trying to put together a model of these moments. So, you look for an intersection where you might be right no matter what.
Eric Rosengren is less optimistic than most of his Fed peers when making estimates for forward looking unemployment or second half economic growth.
Iran tension is not the market-turning catalyst one might have expected.
Low interest rates, continued low unemployment and high consumer confidence are bullish props to this sector.
I have always been fond of KB Home and Jabil even as they have never been the darlings of the industry community.
Should these impeachment proceedings linger, this will be the first time that a reelection campaign is run under such conditions, meaning that the unpredictable becomes that much more predictable.
Let's see what the charts and indicators are saying now.
Key to a China trade deal will be that both sides come away from the G-20 meeting with the feeling that progress has been made, and that the schedule of tariffs has not been expanded.
Construction spending hasn't sent ambivalent signals in 2019.
The major homebuilders are forecasting strong demand into the second half of 2019, giving a boost Wednesday to shares of Home Depot and Lowe's.
The homebuilding sector is showing signs that it can remain red hot in 2019.
Equity markets marked time on Monday, mostly on light volume.
How did we get from a rolling bear market to a rolling bull market so quickly?
This is why using the Philips Curve, in a vacuum, is misleading.
Aggressive traders could probe the long side of KBH on strength above $22 risking below $18.
The S&P 500 began the year selling at 18.2x forward earnings. It is now at around 15x projected earnings.
To this observer, the most worrisome developments in the capital markets this week include the following: * The deterioration in the high yield bond market. (The charts of and are rolling over). * The heightened regime of volatility in the U.S. stoc...
* The regime of volatility is growing more conspicuous * An ideal trading market continues * But the earnings disappointments are countering normal seasonal market strength and adversely impacting investors' appetite for risk "Workin' on our night m...
The perception of the majority right now is quite negative.