VIX bouncing off multi-year resistance, Delta variant worries, mixed economic data, and upcoming September doom and gloom.
Will the VIX continue higher? Will it break through support? My bet is that it will continue higher.
Lumen (more commonly known as CenturyLink) appears to be a failing company sinking in debt. Down more than 70% from its ATH, it has been slow to adapt to a changing market, cut its dividend by more than 50%, and reported a staggering $5.3 billion net loss in 2019. These factors have driven investors away from LUMN, dropping the share price to its lowest point...
Altria is trading at a steal right now.
Following the popularity and subsequent crackdown on JUUL, Altria's stock has tumbled ~45% from its high in 2017. The barrage of lawsuits and FDA restrictions has frightened investors, causing shares to plummet. A $29 billion debt and a $731 million loss on a Cronos Cannabis investment have increased pessimism regarding...
You don't need to know anything about markets to know how this will end. WSB and Robinhood traders have pushed Gamestop to insane, unrealistic highs.
This company has a history of underperforming earnings and operates in an industry that will soon be obsolete. When was the last time you bought a CD? The vast majority of videogame sales are now conducted online...
As a 128-year-old multinational beverage giant, The Coca-Cola Company is a staple in any portfolio.
In the post-covid era of high growth tech stocks, boring bread and butter companies such as Coca Cola have been relatively underbought. It has severely underperformed the SPY, analysts estimate 2020 revenue to decline by 11%, and covid shutdowns have affected its...
The entire defense industry has been underbought in the post-Covid market, particularly Lockheed Martin.
Although LMT's predominant customer is the United States, Lockheed maintains relationships with over 40 countries around the globe. The F-35 program is guaranteed to provide the company with a significant stream of revenue for the coming decades, and the US...
RTX price broke above the symmetrical wedge. The defense is generally undervalued (stock fell due to coronavirus, but government defense spending has not). Wait for it to retest the wedge and if it reverses take a long position
Due to the recent volatile nature of the S&P 500, it's next to speculation to try to predict short term price movement.
Found support at the 3180 range. Will either succumb to selling pressure and bad news and breakthrough support, reversing lower - or will push to test resistance at 3230. If that is the case then it will likely climb up to test previous highs....
