RedHotStocks

RedHotStocks

Stein Mart Inc. stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various other locations including NYSE:KSS . This is a superb opportunity to increase footfall into the stores without any marketing expenses. It is also interesting to...

RedHotStocks

************************STRONG WATCH FOR TOMORROW, BREAK ABOVE $.65 WILL BE BRING A MASSIVE RALLY, UP 58% afterhours***************** ANALYSTS AVERAGE RECOMMENDATION OVERWEIGHT ANALYSTS AVERAGE PRICE TARGET $1.83 OBALON THERAPEUTICS INC. Obalon Therapeutics, Inc. focuses on developing and commercializing medical devices to treat obese and...

RedHotStocks

Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish. Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that...

RedHotStocks

Todays earnings report from NYSE:AZO was bullish as we expected and the stock has moved considerably higher, our expectations are very much the same for NYSE:AAP whom report tomorrow before the bell. In our last analysis we had hoped for a breakout above $183 which failed but this remains our breakout level which will soon be tested once again. Despite falling...

RedHotStocks

retail WRECKAGE HAS ENSUED TODAY AND IN OUR OPINION THAT WILL CONTINUE INTO THE EARNINGS REPORT FROM NASDAQ:URBN . ALREADY IN A MASSIVE DOWNTREND THE OPTIONS MARKET HAS BEEN ACTIVE WITH THE $23 PUTS STRIKE EXPIRING ON MAY 24TH . THEY STOCK HAS ALREADY LOST STRONG SUPPORT AT $27 NEXT STOP IS $23, $22 THEN $16. CURRENT SHORT INTEREST IS 16% AND WE EXPECT THAT TO...

RedHotStocks

If we needed any more reason to stay clear of NYSE:JWN , today's results from NYSE:KSS have rubber stamped the short thesis on the stock. The stock has acted terribly for the past few months, indeed years and selling has really ramped up into earnings which is a alarming pattern. We can not find anything positive to cling onto and if $36 fails to hold a real...

RedHotStocks

Target earnings is going to be very interesting for the broader market as NYSE:WMT NYSE:HD NYSE:KSS have all disappointing investors. We have included two scenarios for Target post earnings tomorrow but our bias is on the bearish side. It is our belief that retail is suffering once again and sentiment is quite poor in the segment. They MA'S are very bearish and...

RedHotStocks

Despite the fact that analysts are less than bullish on the stock, we have confidence that a good report will follow on from the rising home sales figures released last month. Toll brothers stock has suffered a deep correction from 2018 highs, but is now in a well defined uptrend with out target in the $43 region. Within the chart there is a possibility of a...

RedHotStocks

*********STRONG WATCH FOR A BREAKOUT ON THIS NAME IN THE COMING WEEKS****** ANALYSTS ARE VERY OPTIMISTIC ON THE PROSPECTS WITH CREDIT SUISSE ISSUING A BUY RATING AND A $29 TARGET WHILE ON MAY THE 8th H.C WAINWRIGHT MAINTAINED A BUY RATING AND A $36 PRICE TARGET. EARNINGS HIGHLIGHTS Edited Transcript of Clovis Oncology Inc earnings conference call or...

RedHotStocks

If you are not familiar with the Stock, get to know it now, it has made investors a lot of money in the past 4 trading days, tripling in value. There is always concerns when it comes to such low cap companies but this rally is based on facts not speculation. After a extremely upbeat drug trial report it was upgraded to $12 the following day by Oppenheimer. There...

RedHotStocks

What a difference a few weeks make, things really have got very ugly very quickly, the POTUS is willing to use the tech industry as leverage against China in the escalating trade war. It may be a case that investors became complacent once again as when we now look in Hindsight at the indicators, they RSI, MACD and Stoch had all reached quite elevated levels and...

RedHotStocks

It is a frustrating time for AAPL investors and believers, despite the surge pre earnings the stock price has now entered correction down 16% from its May high. "It never rains but it pours" is very true regarding NASDAQ:AAPL . Having lost a long standing battle with Qualcomm, then NYSE:SPOT and the EU have taken issue with AAPl's compliance with competition...

RedHotStocks

AutoZone’s strategy of fast delivery of high-quality products is expected to drive third-quarter fiscal 2019 results. Besides having a growing physical presence through ramping up store openings, its online platform is adding to a impressive growth performance, these online initiatives will further improve sales and market share for the leading retailer and...

RedHotStocks

Among the bricks and mortar stores TJX is a real winner, it is a favourite among consumers and indeed other retailers, whom have excess inventory that they can not shift. TJX buys it cheap and sells it cheap to the bargain hunters who just love finding that item they didn't really need but it was too cheap to put back on the rack. Despite this from a technical...

RedHotStocks

Even the most optimistic of people will find it hard to build a compelling case for the survival of NYSE:JCP . As sales have decreased the company have been battling the need to reduce debt while also closing stores. The downfall of OTC:SHLDQ really was the writing on the wall for investors in JCP and despite they best efforts the board, it has been unable to...

RedHotStocks

We must have a look at the Bearish perspective on HD as we go into the much anticipated retailers earnings reports this week. Spring is like christmas to Home Depot, home improvements , and in particular planting season for gardener, this year however, mother nature has not been kind which will have a impact on earnings. Secondly, longer term is it possible the...

RedHotStocks

It is a horrible time to be invested in TECH, it is obviously going to be sacrificed in the trade war, Huawei has become enemy Number 1 and any company with Chinese exposure has suffered great loss in value in the past few weeks. NASDAQ:LITE has considerable exposure and has now lowered guidance due to the ban initialised on Huawei. The chart of Lite is...

RedHotStocks

We are sorry we did not get into this earlier, big mistake on our behalf to not short this years ago on the explosion of online gaming. Sometimes the most obvious things are missed , this should have been the automatic short the moment XBOX etc were using downloaded games. On the positive side there is still plenty of room to run in the downside.