Stocks & ETFs

Fastenal’s Stock (FAST) Sinks, Still Has Downside Risk

Building supply company Fastenal (FAST) traded 4% lower in the Tuesday morning session. Fastenal reported earnings per share of $0.61 and total revenue of $1.19 billion, compared to analyst expectations of $0.61 and $1.18 billion. However, an “in line” earnings report isn’t always good enough, with investors perhaps taking into…

S&P 500 Market Outlook: Gold Shines, Stocks Holding On

Key Developments In The Financial Markets Stocks continue to consolidate.  And Gold tests key breakout level. Tuesday’s stock market rally helped to add some conviction to the idea that stocks can move higher in the short run. The major indices managed to successfully close up near the highs of the…

Rio Tinto’s Stock Rallies On High Hopes For Global Trade

Rio Tinto (RIO) was trading 4% higher on Monday morning, after Chinese President Xi Jinping’s speech earlier today at the Boao Forum in Hainan, China. Xi promised to continue to encourage trade and investment – and also to boost imports such as automobiles. In response, both the Chinese and U.S….

S&P 500 Futures Trading Update: Bulls Try Again

Broad Stock Market Futures Outlook for April 10, 2018 Traders continue to see big swings in the stock market. Yesterday’s reversal lower has been reversed higher this morning. Bullish traders are showing some force as we hold higher support after creating a short-term higher low. We are moving upward into resistance…

Alcoa’s (AA) Rallies As US Sanctions Spur Aluminum Prices

Alcoa’s (AA) stock price traded 7% higher on Monday morning, after Aluminium prices popped by as much as 3%. The market is evaluating the impact of the recently-announced US sanctions to be imposed on Russian oligarchs. The sanctions include Oleg Deripaska, who owns a stake in the world’s second largest…

S&P 500 Futures Trading Outlook: Playing The Edges

Broad Stock Market Outlook for April 9, 2018 An overnight relief bounce in stock market futures greets traders Monday morning. Even so, the S&P 500 and Nasdaq are prone to selloffs on tests higher into price resistance. A broader look at stock market futures shows a range bound market with the…

Here’s Why The Stock Market Is A Sloppy Mess

The bulls got caught looking higher this week… While many investors have had high hopes about a successful retest of the February stock market lows, I have been exercising caution. Though I believe that the broader bull market is still alive, I am concerned that this correction may need to…

Why Motorola Solutions Stock (MSI) Could Be Headed Higher

Do you like big bullish bases for stocks?  How about breakouts? Motorola Solutions (MSI) fits this criteria for me. Today, I’ll look at both the weekly and monthly chart to show why Motorola Solutions could be a great longer-term play for growth investors. In the weekly chart below, Motorola Solutions…

Xilinx (XLNX) Stock Declines, Technicals Point To More Downside

Chipmaker Xilinx (XLNX) was trading 3% lower during the Monday morning session, after JP Morgan (JPM) downgraded the stock from to Underweight from Neutral. The also cut their price target to $68 from $73. More Downside Ahead For Xilinx? Our analysis of the Xilinx stock $XLNX and market cycles on…

Micron (MU) Nears Short-Term Cycle Low On “Sell” Rating

Chip producer Micron Technology (MU) traded 6% lower during the Thursday morning session. This happened after Swiss investment bank UBS initiated its coverage with a sell rating and a price target of $35. Short-Term Opportunity In Micron Decline? My analysis of MU’s market cycles on the weekly chart below suggests…