RedHotStocks

RedHotStocks

What a battleground this was during post earnings release, after missing on revenue and what some perceived to be weak guidance the stock tumbled in afterhours trading, 24 hours later the stock was up 20% from those lows on positive Upgrades and comments. Speculation is that next week will bring some very positive announcements, so watch this space. Company...

RedHotStocks

It is difficult to be overly positive in NVDA going into earnings after what has happened to INTC and XLNX post earnings. On the last earnings report investors were assured that things would only improve as inventories were reduced. Data center weakness has become a worry as INTC and ANET have expressed weaker revenue from the sector, the gaming Stocks decline...

RedHotStocks

BABA has staged a massive comeback from the December lows after a change in sentiment towards the Chinese Giants. This will only persevere if Trade Talks remain amicable, any sign of hostility between both sides and BABA will be one of the stocks to be hardest hit. Having consolidated for the month of April the stock has now broken out of the channel and with...

RedHotStocks

DNR has been on our watch-list for some time due to unusual price and volume activity. More recently activity in the options market coupled along insider buying by the President and CEO purchasing $300,000 of shares at a average price of $2 as very positive. We see the company as extremely under valued currently trading at a very low P/E 2.3. and hopefully...

RedHotStocks

Gilead reported earnings on Thursday and it may be finally turning the corner. GILD was considered a one trick pony due to the success of its Hepatitis drugs, which unfortunately have starting to drop in revenue. That decline has been meet with a rising revenue stream from new HIV treatments, which tend to be longer term treatments than Hepatitis cases. As a...

RedHotStocks

It is hard to imagine how sentiment could get much worse in EA and the entire gaming space. The last earnings report was a roller-coaster ride of heavy selling then heavy buying, bad news then good news. We think that the stock has finally been flushed out, investors who remain have very low expectations. Tuesdays earnings report may be the opportunity EA needs to...

RedHotStocks

It has been a interesting day for NIO investors after a highly unusual amount of call options were traded today, with no positive news. Speculation is rife that there is a possible tie up with APPLE on the horizon. Acting upon A rumor alone would be a very risky strategy to purchase 166,000 call options. This will be on the watchlist Monday for option...

RedHotStocks

Much needed relief was felt today by the board and investors in X Steel after a dismal 12 months. Yesterdays earnings produced a surprise in both earnings and revenue thus creating the pop in the stocks price, volume is quite good today also but the stock has a high short interest. Next week will tell us if this provides a opportunity to long on continuation from...

RedHotStocks

For the goodness of entrepreneurship we sure do hope that they bears get burned, Tesla is a revolutionary company with a genius at the head. Elon Musk is a visionary but also erratic and this has put a bulls-eye on his back for skeptics, short sellers, analysts and So called Reporters to constantly take aim and him professionally and his personal life. Maybe its...

RedHotStocks

Monster Beverage shares have gained more than 8% in the premarket, after posting earnings of $.48 per share rather than the expected $.38, sales had a increase of 11% which has pleased investors this morning. The stock could quite easily hit a all time high in the coming trading days, after consolidating for 1 year. Company Description Monster Beverage Corp....

RedHotStocks

Bristol-Myers Squibb upgraded to Overweight with a $55 (17% upside) price target at Barclays. Shares up 1% premarket. Post earnings BMY has had some nice price action, investors liked what the heard from the earnings report and the analysts have started to upgrade the stock as of today. Sentiment in the Pharma sector has been horrendous for months, so maybe a...

RedHotStocks

Universal display posted much better earnings than expected on Thursday after-hours, resulting in a massive 15% pop in the premarket today. OLED also increased its 2019 outlook which is definitely against the trend in the sector. Having already gained 67% in 1 year, now may no be the time to be jumping in, but it is one for the watchlist on any pullback in the...

RedHotStocks Updated 

Amazon had a lovely turnaround today amid all the selling pressure we have explained on our chart our set up for the long trade tomorrow, hopefully it is understandable.

RedHotStocks

Can anyone smell FOMO?

RedHotStocks

EOG reports Thursday evening with a several of its peers, optimism is in short supply within the sector. Given the 15% sell off over the past week in EOG and the fact it historically sheds any post earnings gains very quickly there is no reason to get in quite yet. On the bull side, a earnings surprise could propel this beaten down stock much higher, but we see...

RedHotStocks

Its going to be a very interesting day in the world of TESLA BULLS and BEARS, we hope that the bulls can get the upper hand today. Despite what anyone thinks of E Musk's personality or behavior, there is no denying he is a modern day genius and should be left alone to be that, but because he does not appear on mainstream business media they have made Tesla the...

RedHotStocks

Since our last analysis on ANE,T there has been some selling but the major support level has held. We love the stock but we were and remain to be worried about the indicators signalling further selling. Earnings are today so we will play it long depending on the market sentiment, if support breaks today we will possible wait to long after earnings for a chance of...

RedHotStocks

It is not a vote of confidence when both the CFO and CEO have dumped shares for 2 months while also announcing a greater than expected loss in earnings. What will it take to win back investor confidence in a stock that gets shelved in the Bubble category.? We can see nothing on the horizon for them, as quite frankly there are better Cannabis stocks to invest in....