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SCI: Service Corporation International Possible 10%+Babyboomer play, SCI provides funeral and cremation services in 45 states and 8 Canadian providences. Will be willing to hold equity long-term with 1.88% div. After techs hit today I am looking for companies outside of tech. Earnings 7/30 Est: 0.43 MACD(12, 26, 9): weekly crossing showing bullish movements, very similar to a previous breakout also shown on the chart. Trendlines: Broke out of an upward wedge in February, and started trading in a downward wedge/channel. The stock recently broke this downtrend, looking very similar to past breakouts. Momentum: Stock is gaining on the daily chart and currently sitting positive on the weekly. Looking for $40 as first target $43 is the second, stop at $35
NYSE:SCILong
by odeaolay
2
GBPUSD - Will the Services PMI Push Price Lower?Price completed a 3-wave structure, forming a flag pattern. This completes the corrective structure, and giving us a reason to look for a potential short trade with the upcoming UK Services PMI being a catalyst to move price. **Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Short
by KarYong
Trading NFLX with the Least Possible RiskIn my personal life all my friends were selling their cable TV just to subscribe to an on-demand entertainment service such as NASDAQ:NFLX and this encouraged me to look for potential trades related to this idea. I decided to place a spread trade on my watchlist during early 2016: (NFLX/VIAB) and I have had the actual trade on for about 4 1/2 months and it is a play on the current trend in the entertainment industry. You might think that NASDAQ:NFLX is the obvious trade to express my idea but this is an exception due to the fact it has the best fundamentals in the industry; a huge PE ratio compared to it's counterparts, forecasted increase in earnings growth of 100%+ in 2017 and the due to the cyclical nature of the stock the ISM and other indicators are basically telling you that the spread follows the business cycle and looking at the data I'm sure the economy should be very healthy in the coming year which means this trade could stay as a live position for at least 3 more months minimum. When it comes to the risks involved I choose to implement a spread trade instead of just going long NASDAQ:NFLX due to the fact the potential reward could be far greater if I shorted a failing cable company stock. I came across viacom which is a company that runs cable TV network channels such as MTV and Comedy Central. If you've ever watched these channels in the UK you will have noticed all they do is just play reruns endlessly of Friends and Pregnant at 16, not exactly the most exciting company in the world although I do enjoy the odd episode of Friends! The fundamentals of the VIAB stock the market seems to agree with my point of view. Traders are buying/selling NASDAQ:VIAB at a whopping 50% discount to the sector! Don't fall for the guys on TV saying this stock is "cheap", it's at that PE ratio because everyone is shorting it to hedge out risk and are going long NASDAQ:NFLX or another intra-sector constituent such as NASDAQ:FOXA . The PE ratio is low because the company earnings are low quality not because they are cheap. I wouldn't be surprised if this was the most popular spread trade for hedge funds right now who are looking at the entertainment sector. In shorting NASDAQ:VIAB I have taken must less risk going long and short the market and entertainment industry related stocks and I have made a sizable return so far. It all comes down to NASDAQ:NFLX earnings on Jan 16th as to whether I increase my position even further. Would I recommend putting this trade on? Yes, but please do your own research and go through the fundamentals I have mentioned for yourself and see if you agree with me. In terms of timing and technicals its just a matter buying at the low of the uptrend. What's your take on this trade, maybe you have a similar trade on, let me know!
NASDAQ:NFLXLong
by aelius
GNE test its triple bottomGenie Energy Ltd. (GNE) is undergoing bad times since it is involved in oil and gas exploration and is deeply correlated with oil prices. However the stock has approached its triple bottom area and seems to be testing this zone for almost eight weeks in a row. Apart from that the company reported second-quarter net income of $3.5 million, after reporting a loss in the same period a year earlier. This gives us a robust indication GNE will rise at least to its previous zone of resistance at $8.10. For more ideas visit mercuriusam.wordpress.com
NYSE:GNELong
by AleksandrLombrozo
NNA (Navios Maritime Midstream Partners) is gaining bullish momeRecently Navios Maritime Midstream (NNA) shares have been gaining some bullish momentum since the stock formed bullish divergence with engulfing pattern at the bottom of declining channel. The session before yesterday gave another indication when the price had broken out of the ellipse and risen above the median line of the channel. We would project the price to go up at least 10 % to 13 % to reach the upper boundary of the channel as the first target. However the stock has every chance to pierce up and reach its support at $2.4. For more ideas visit mercurius.wordpress.com
NLong
by AleksandrLombrozo
$HAL - Upside breakout potential PT @ $55 + Fundamentals/OilFibonacci Retracements point to a continued rally for HAL given the recent uptick in commodity prices. I'm looking for a breakout to $52 (38.2 Fib Retracement), pullback to $48 (23.6 Fib Retracement), at which point i'm buying with a price target of $55 (50% Fib Retracement). Could go higher, but the upside will be relatively capped given the level of the current US fracklog . Once prices justify completing and turning on these backlogged wells, it will cause the E&Ps to turn on the spigot, again pushing supply to a point where prices will have to react . (There is headline risk given potential Iran deal and capacity issues at cushing) On a fundamental level, the recent divestiture of assets in concert with the baker hughes merger should be a long term positive for the company. I'd also look for them to further consolidate once the deal goes through as some smaller oil/gas service companies will start to feel the financial stress of the downturn during this time. Many of them operate in the more marginal areas of the shales/basins resulting in a higher breakeven cost given an expected return of about 10%. I'd also look for
NYSE:HALLong
by Matt_Feda