RCII forming pennant, likely to run againRCII has a 9.3/10 Equity StarMine Summary Score, has beaten analyst estimates on its last 5 earnings reports, and has grown earnings by 113% this year. Its P/E of 12.3 is quite attractive for a growing company.
Here's S&P Capital IQ's analysis of the fundamentals, scored out of 100:
Valuation: 99/100 (extremely undervalued)
Quality: 98/100 (extremely high quality)
Growth stability: 97/100 (extremely stable)
Financial health: 95/100 (extremely healthy)
Man. You don't see numbers like those every day. About the only thing RCII *doesn't* have going for it is that rentals aren't a very sexy sector. This isn't going to run like a Tesla or a Beyond Meat. Still, this is a very solid stock that should climb out of its pennant soon, in my opinion. Set a stop loss beneath the pennant bottom.
Edit to add: 1) several directors added shares on September 6, which I assume was part of their compensation plan, 2) RCII's price stayed stable after its dividend, which is always a good sign, 3) RCII got upgraded by Recognia today after the algorithm detected a breakout. I think this was a false positive, but it could move the stock price up anyway.
Growthstocks
Short idea - AdobeBeing one of the best growth stocks, NASDAQ:ADBE lately, however, is underperforming indexes. Yesterday's breakdown on relatively large volume suggests that another leg lower may have started.
Based on triangle breakdown, wave symmetry and previous support levels, target on this short should be @ ~256-258. Stop loss @ 290.
How High Is High Enough??SHOP Has just been on a tear, my goodness. I had this move marked out when it was flagging, had my buy marked at 125. Got distracted elsewhere, missed the buy, and now have just been absolutely kicking myself over this. What a run. My best estimate for a target sits around 428. May buy a put option at that point if it does in fact reach it, but I obviously don't wanna be short for very long in this name. If you have been in, congrats on the move. May wanna consider realizing some gains in the next 20 bucks or so of price action. Happy hunting and GLTA!!
Well, Whatdya Know??MDB Linked Ideas. Just strength and growth, plain and simple. Like I said, 200 or bust. Happy hunting and GLTA!!
$MDB Bet Paying OffMDB As shown in linked idea on MongoDB, it was sitting at a minimum 6:1 risk/reward ratio at open Monday. If you took that trade there, which I did at open, you're currently up around 6% after one day. Has broken out of inner resistance, now headed toward outer resistance at 153 area. If it is able to convincingly break that trendline, it is very possible for this thing to have an extended run as it has every other time it bouyed around the 125 MA. If so, the logarithmic channel top would end up being over 250 per share. I'm an owner of this strong growth stock. Happy hunting and GLTA!!
Remember when I said don't bet against this one??AYX Pure strength. As you can see from the chart, AYX is in the process of breaking out of its lifetime channel resistance. If this is able to hold the breakout this week, the sky is the limit for this thing. No overhead resistance, so only psychological resistances to worry about technically. Usually those come in numbers divisible by 5, so likely looking at 150 first resistance, then 155, and so on. Just a super strong growth stock. Short at your own peril. Happy hunting and GLTA!!
$WWE Shark Attack? Improbable, but I'll Bite!!WWE I think this is an outstanding growth stock, but worsening macro conditions in the mid-term may truly bring it down to a level that may very closely fit a bullish shark harmonic pattern. If that does in fact happen, and bear in mind this is a year or so away trade, I will absolutely load the boat with WWE stock sub-40. Again, it could be a bit of a stretch, but it is absolutely in the realm of possibility. Just an observation to put on your back burner. Happy hunting and GLTA!! 1.bp.blogspot.com
Risk/Reward 6:1 Minimum in MDB Right NowMDB In my previous post (linked) I looked at the way MongoDB previously had reacted to tests of its 125 moving average over its short but super strong lifespan. This is a true growth stock, and is currently in a position to offer a minimum of 6:1 ratio on risk/reward from Friday's close. This is dependent on setting a stop loss below the current uptrend line and channel this stock has ridden on its rise, so around 134.50 should do. On breakout from the current inner resistance, MDB should have very little trouble running to at least its previous ATH 185ish, but just as easily may head all the way back up to the top of its channel near 250ish. RSI is on watch for breaking out of resistance line, and Klinger Oscillator is quickly heading towards bullish entry point when crossing zero line while crossed over bullish. I entered last week at 139.50 as a hold, with stop loss set for now. If it breaks out as I suspect it will, I will use a trail stop instead. If looking for short term gains, I suggest options after the breakout, either up or down. Happy hunting, and GLTA!!
HQY landed in my Buy Zone, as indicated on last postNASDAQ:HQY As noted in last post for HQY (linked) I was looking for 72's to begin accumulating in earnest this under the radar growth monster. I believe this has a very clear path to at least the 90's, and I am looking to add from here to 66 low point. If it gets down to 66 (which it may do with an overall macro downturn) this will be one of the many good buys that corrections open up. Of all the opportunities to be presented then, I will most likely add the most in HQY, DOCU, SFIX, and AYX. All infant growth stocks relatively speaking, but all should have outstanding entry points after a market correction, which I do expect. (See SPY posts; possible 230's by early 2020 imho) I am by no means a bear, but when it walks like a duck and quacks like a duck, its probably a....
Entered my first marked "Buy Zone"NASDAQ:DOCU DocuSign entered my first area marked as a "Buy Zone", and where I had set a limit order. I now own some shares at 44.01, and have set my next limit buy in my second Buy Zone at 36.31. Depending on price action, I will either wait to buy there or add more in this area. Between 40 and 37 is my "No Man's Land" where I would be in limbo. This is a buy based almost solely on growth prospects, as I see the Fintech sector as being a strong leader in the future. One day your grandkids grandkids will have a dollar bill framed on the wall explaining to their kids how people used to have to carry around these dirty pieces of paper everywhere and hand them to other people. (Which they will be thoroughly repulsed by) DOCU is not a fintech company; however it stands to benefit greatly by the rise of fintech through the quick, convenient e-signature that will soon be a staple of all credit agencies/banks wordlwide. There are others inthe same line, but I am placing my bet on this recent IPO to be in its earliest stages of growth. Though the street hated last quarters earnings, the growth shown was staggering nonetheless. I like the company, I love the sector and all the various opportunities it presents. Happy hunting and GLTA!
Good time to buyTechnical and Fundamental indicators show strong growth in the next few months. This company made a recent acquisition (Supervalu) and as per the company's strategy standpoint, it is a good move for expanding the supply chain and offer more product line to the customer.
Good buy for swing as well as value investors.
Under the radar buy for growth portfolioHQY Not a major headline grabber, but growth is excellent. Now the chart has opened up technically for a run to 90+ without too much static. I am accumulating here, just a few options, but holding bigger buys for a pullback/reset to 72's for a bigger load up. The Aug 16 C90 is currently sitting at .50, and premium would significantly drop on any pullback. Load the boat then, or go ahead and get feet wet now. Either way, just don't miss this ship. Once it sails it isn't coming back to port for a while. Buy and hold people should absolutely begin adding this to a long term hold growth portfolio. Happy hunting and GLTA!!
Is Domino's days numbered as a growth stock. Growth investors have stepped in over the last 2 years every time Domino's has disappointing at report time or had negative news regarding their buyback. I think we are going to find out very soon if growth investors patience has run to thin. from a technical point of view DMP looks a high probabilty of breaking to the downside. Furthermore, its hard to see a clear level from a technical point of view where support may come in. Perhaps around $33.
Ciena is one name showing relative strengthShares of CIEN have been outperforming this year. The company posted very encouraging numbers last quarter and this aligns with a strong chart. Shares should continue to outperform.
Mastercard shares offer a buying opportunityMA shares have been a fabulous growth story for years. The sales, EPS, & div growth have been top notch and this pullback can be a great entry for a long-term outperformer.
AMZN - This pullback is a long-term opportunityThis pullback in AMZN shares could make for a long-term opportunity to pick up shares. Shares fell +30% and could be in for a nice bounce in 2019.
ETSY - this isn't a trend to fightThis company is growing rapidly. Last quarter growth accelerated again. Risks are to the upside even in a tough tape.
1. Great fundamentals, check.
2. Great technicals, check.
3. Unusual bullish trading activity, another check.
AAP gains in a tough tapeAAP shares saw a massive breakout on big volumes. This + a strong sector is bullish for the name.
MRK more upsideMRK shares are gaining alongside very bullish buy signals. This + a very strong sector should add to the momentum for higher share prices.
DISCLOSURE: long MRK
KO shows big buyingKO shares broke out to new 52 week highs on big volume. This activity should keep shares in bull mode.
SBUX more upsideSBUX shares gapped to new 52-week highs after a strong earnings report. Strong buying in the shares should buoy the stock higher.
DISCLOSURE: long SBUX
JWN new 52 weekerJWN is at new 52 week highs. This sector is moving higher with more volumes than usual. Shares should continue uptrend.
ROST new highsROST shares are at 52 week highs. This momentum should continue as the sector pushes higher.
