RedHotStocks

RedHotStocks Updated 

Today's earnings from BABA were really good but after an initial pop it bleed into negative, BAIDU could very well act the same. The chart is ugly with a break from a bear flag on high volume and indicators all point south. There is a chance that the earnings could be great and the stock jumps, but we cant see it happen under a cloud of poor sentiment.

RedHotStocks Updated 

An analysts almost doubling their price target on a company one day prior to earnings, may give us a indication of what is in store. AMAT is sitting on quite a critical level and this upgrade had come at a great time. Hopefully the Analyst is anticipating a large beat.

RedHotStocks

Sometimes we get bogged down in the minor details, so when we scale out into the weekly chart perspective is easier, fewer lines and drawing tools give clearer thought. Clearly we are hitting old resistance from 2017 and July 2018 giving us the possibility of a double top, which the bears are praying for. We remain optimistic and not overly concerned by the $100...

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The current stock price of $28 seems to be quite a reasonable level, at least that is what they 14 analysts covering the name think. They have a average HOLD rating and a price target of $28, from which we should expect very little fluctuation on earnings . Today's earnings reaction could dictate the stocks performance for the foreseeable future. Hopefully...

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Despite the drama that has unfolded with the banning of Huawei from the USA network, ERICISSON was already on a bull run. ERIC and its competitors like Nokia have been undercut by the Chinese government subsidized Huawei, but that may all be about to change. Not alone is the USA banning Huawei but they are encouraging its allies to do the same, it is just one more...

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It has been a hard slog for investors recently in the Cannabis stocks, despite positive earnings they continue to sell off. Canopy is touted as the best of a bad bunch but unfortunately, if your lay with dogs your going to get Flees. From a charting perspective it is approaching decision time, which will surely lead to a a sizable move, we are of the opinion that...

RedHotStocks

The stock of WIX has had a amazing 2019 and it is more that understandable that post earnings, investors are going to bank some profits. We see a healthy pullback in the coming days to the initial breakout level of $125 before continuing much higher. The company is investing and growing greatly in a ever expanding sector of the market. It is along term hold for...

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Yesterdays earnings report hit the right notes with investors, the stock traded higher on a beat on both earnings and revenue, while also providing favorable guidance for the full year. Shares jumped 3.5% afterhours so we hope for continuation today, the stock completed a correction from April 18 high and is now approaching that level once again at $22.80. In the...

RedHotStocks

Don't feel it is to late to get into ZYNE, this is a small cap company with outstanding prospects considering the market for Cannbinoid products which is still untapped. Only a small fraction of countries have legalized the use of such drugs which are revolutionizing for the treatment of life limiting conditions. We consider that we are in the 5th wave and $17-$18...

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Afterhours Macrogenics Inc has announced Positive Results from Phase 3 SOPHIA Study of Margetuximab in Patients with HER2-Positive Metastatic Breast Cancer. This has resulted in a 15% jump in price on high volume, we will looking for continuation tomorrow, this could be a flyer. Company Profile MacroGenics, Inc. is a clinical-stage biopharmaceutical company,...

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Shares have made a very positive move afterhours on good volume after the release of its 8-K Inc announcing that the global phase 3 ClarIDHy trial of TIBSOVO® (ivosidenib) in previously treated cholangiocarcinoma patients with an isocitrate dehydrogenase 1 mutation met its primary endpoint. Tomorrow will be a very positive day so be ready, it could move very...

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It has been a very eventful year so far TNK and yesterdays closing (as below) has given investors some reassurance that the future is secured,BUY Volume has increased considerably and as earnings approach this could be a real winner at the current entry level. Teekay Corporation, +2.01% announced the closing of its previously announced offering of $250 million in...

RedHotStocks

***************We are long but will remain realistic, LTC has hit a wall of resistance from $104-$128, we will be in full bull mode when we can hopefully get above $130 which should not be to long, with the impetus of a split coming in August. Keep trailing stop losses if you have gains, a correction could be quite deep and fast.

RedHotStocks

ARGUABLY THE BIGGEST CLUB IN THE WORLD IS HEMORRHAGING VALUE FOR INVESTORS. THE TEAM HAS BEEN IN THE DECLINE FOR 6 YEARS AND NOW THE STOCK IS FOLLOWING. FAILURE TO QUALIFY FOR THE CHAMPIONS LEAGUE WILL MEAN A LOSS OF UP TO $40 MILLION ALONE. THIS SEASON ANOTHER MANGER HAS BEEN SACKED WHICH MEANS THE NEW MANAGER WILL BE GIVEN LARGE SUMS OF MONEY TO TRY AND BUILT A...

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Walmart reports tomorrow and we think it is setting up nicely for a jump on earnings. The markets will eagerly await they numbers as it could give a the true picture of the consumer environment due the diversified customer base WMT has. From a charting perspective there is a small bull flag developing within a tightening wedge which we believe will result in a...

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Maybe overly bullish but the chart is what it is, plainly a superb Cup & Handle formation has taken place now for the breakout we need high volume. Fingers crossed.

RedHotStocks

After a initial pop on earnings the shorts were all over SNAP and the stock retreated 20% within days. We believe that the retrace is complete and the old downtrend is now acting as support. It is also notable that a gap was filled and the price stabilized to the DIME on that level. Whats APP and TWTR's troubles in recent days may have stalled the communications...

RedHotStocks

After premium products drove down comparable sales in the first seven weeks, Jack in the Box, in the middle of the first quarter of the current financial year has shifted to a more value-based approach. The new strategy, which will continue for the remainder of the year, arrested the slide in comp sales with minimal or no impact on the gross margin. This weeks...