Patrick Industries, Inc. stock trades under the ticker PATK & has shown recent bullishness that traders & investors should research further into.
PATK stock closed at $68.59/share on 4/3/2023.
Patrick Industries, Inc. PATK Stock’s Technical Performance Broken Down
Patrick Industries, Inc. PATK Stock’s Technical Performance Over The Past Year
PATK Stock Price: $68.59
10 Day Moving Average: $67.43
50 Day Moving Average: $70.78
200 Day Moving Average: $57.81
RSI: 48.8
MACD: -0.885
Yesterday, PATK stock completed a bullish MACD crossover, losing -0.32% on the day’s session.
Their RSI is neutral, with recent trading volumes being lighter than average compared to the year prior, signaling uncertainty by the market as to where to price them.
PATK has support at the $67.43 (10 day moving average), $66.83 & $64.89/share price levels, with resistance at the $67.76, $70.78 (50 day moving average) & $70.99/share price levels.
Patrick Industries, Inc. PATK Stock As A Long-Term Investment
Long-term oriented investors will like PATK stock’s 4.95 P/E (ttm), as well as their 1.57 P/B (mrq).
Their recently reported growth metrics will require a more thorough examination, with -17% Quarterly Revenue Growth Y-o-Y & -34.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require a more thorough examination, with $22.85M of Total Cash (mrq) & $1.45B of Total Debt (mrq).
PATK stock pays a 2.09% dividend, which appears to be sustainable in the long-run, as their payout ratio is 10.67%.
Patrick Industries, Inc. PATK Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from PATK stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $55, $65 & $60 call options are all in-the-money, listed from highest to lowest level of open interest.
The $70 & $75 puts are also all in-the-money, with the former being more liquid than the latter strike.
Tying It All Together
PATK stock has many interesting attributes that traders & investors will find appealing.
Investors will like their valuation metrics & sustainable dividend yield, but may want to look deeper into recent growth trouble & their balance sheet.
Traders will like their recent technical performance, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look into PATK stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PATK STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
SPY, the SPDR S&P 500 ETF gained +3.45% this past week, with trading volumes falling more back in line with the average over the past year.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their MACD is very bullish, but their 62.89 RSI is approaching overbought territory.
Resistance after the past week’s rally is at $410.48, $416.72 & $422.50, with support at the $407.06, $406.62 & $401.76/share price level.
QQQ, the Invesco QQQ Trust ETF added +3.23% over the past week, with volumes also returning more to the average level for the past 52 weeks.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
At 68, QQQ’s RSI is almost overbought, although their MACD is still showing bullish signals.
QQQ has support at the $313.93, $312.16 & $310.83 (10 day moving average), with overhead resistance at the $327.77, $331.51 & $338.56/share price levels.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
They bucked the trend & has above average volume, during a volatile, but successful week.
Their RSI is neutral at 50.43 & MACD is bullish, but their 200 day moving average is 0.52% away & will be an interesting resistance point to watch for more insight into their future performance.
IWM has support at the $175.83, $175.13 & $174.63/share price levels, with resistance at the $179.33 (200 day moving average), $179.92 & $184.07/share price levels.
Let’s dive into the week’s report.
Global Gold Miners (RING), Europe (EURL), North American Tech (IGM) & Global Comm Services (IXP) Are All Bullishly Leading The Market
RING, the iShares MSCI Global Gold Miners ETF’s Technical Performance Over The Past Year
Their RSI is approaching overbought at 66.87 & their MACD has begun curling over, signaling a cool down period in the near-term.
Given that their distribution yield is only 2.03% for long-term shareholders, it may be wisest to wait to see how they behave at their next test of support or trade an options strategy rather than buying long shares into uncertainty.
RING has support at the $24.53 (10 day moving average), $23.50, $23.38 & $23.37 (50 day moving average), with resistance overhead at the $26.15, $26.36, $26.68 & $28.58/share price levels.
EURL, the Direxion Daily FTSE Europe Bull 3x Shares ETF’s Technical Performance Over The Past Year
Their MACD is still bullish, while their RSI is neutral & recent trading volumes have been about average compared to the year prior.
After Thursday & Friday’s candlesticks & the back to back gap up day mid-week EURL should also be approached with caution, as their 1.68% distribution yield will only provide so much safety from a near-term shakeup in price.
EURL has support at the $21.15, $20.83 (50 day moving average), $20.74 & $19.95/share price levels, with resistance at the $21.83, $22.52, $22.73 & $23.08/share price levels, which are the key areas to be watching their behavior at currently.
IGM ETF – iShares North American Tech ETF’s Technical Performance Over The Past Year
Their RSI is approaching overbought conditions at 67.49, as their MACD begins to show signals of exhausting.
Recent trading volumes have been below average compared to the year prior & their 0.48% distribution yield will not provide much cushion for safety, making IGM another candidate for options trading while waiting for their price to stabilize.
IGM has support levels to keep an eye on at the $336.83, $334.48, $328.38 (10 day moving average) & $323.42/share price level, with resistance at the $349.47, $351.10, $352.90 & $359.78/share levels.
IXP ETF – iShares Global Comm Services ETF’s Technical Performance Over The Past Year
Their RSI is also approaching the overbought level & their MACD is beginning to show signals of losing momentum.
While long-term holders will receive 1.22% annually in the form of distributions, patchy low trading volumes raise concerns about IXP’s strength in the near-term & signal to hold off on a long-term position entry.
IXP has support at the $63.74, $63.39, $63.25 & $62.61 (10 day moving average) price levels, with resistance at the $64.33, $64.43, $65.84 & $65.98/share price levels.
Banks (KBE), Genomics Immunology and Healthcare (IDNA), Mortgage Real Estate (REM) & Brazil (BRZU) Are All Bearishly Lagging The Market
KBE, the SPDR S&P Bank ETF has lost -30.32% over the past year, losing -30.49% from the high of April 2022, but reclaiming +7.89% (ex-distributions) since their recent low.
KBE ETF – SPDR S&P Bank ETF’s Technical Performance Over The Past Year
Their RSI has recently recovered from being in oversold territory but remains on the oversold end of neutral after suffering sharp declines in March 2023 & MACD has crossed over bullishly while the price has consolidated over the past month.
Recent trading volumes have been very high compared to the year prior, and their 3.42% annual distribution yield will provide some protection against loss for long-term holders, but the price may still require more time to settle down making any near-term moves in the name without options protection unwise.
KBE has support at the $36.54 (10 day moving average), $34.83 & $34.33/share price levels, with resistance at the $37.70, $38.23 & $41.36/share price levels.
IDNA ETF – iShares Genomics Immunology & Healthcare ETF’s Technical Performance Over The Past Year
Their RSI is approaching neutral again, while their MACD is still bullish, but recent trading volumes have been very light compared to the year prior.
IDNA’s 0.58% distribution yield will not provide much protection for investors, so waiting to see how their price behaves around support/resistance areas will be imperative to find the most opportune entry point.
IDNA has support at the $22.94 & $22.09/share price levels, with resistance at the $23.55, $24.20 & $24.76/share price levels.
REM, the iShares Mortgage Real Estate Capped ETF has lost -26.34% over the past 52 weeks, losing -27.56% since their high in April 2022, while regaining +16.17% since their low in October 2022 (ex-distributions).
REM ETF – iShares Mortgage Real Estate Capped ETF’s Technical Performance Over The Past Year
With a bullish MACD, REM’s RSI has recovered to just below neutral levels after their price slid most of the past 2 months.
While long-term holders receive an 11.55% distribution yield, their shaky recent trading volumes show that there is still uncertainty around where to value these shares at & it would be wisest to approach with caution.
REM has support at the $21.78, $21.13, $20.94 & $20.85 (10 day moving average)price levels, with resistance at the $22.11, $22.24, $22.60 & $22.87/share price levels.
BRZU, the Direxion Daily Brazil Bull 2x Shares ETF has lost -43.75% over the past year, shedding -48.5% since their high of April 2022 & has gained +20.47% (ex-distributions) since their low in July 2022.
BRZU ETF – Direxion Daily Brazil Bull 2x Shares ETF’s Technical Performance Over The Past Year
Their MACD is beginning to show signs of waning enthusiasm, as their RSI is is re-approaching neutral, which when paired with their below average recent trading volumes is a good reason to wait & see how they interact with their nearest support/resistance levels before making an investment in them.
While their distribution yield is 5.06%, that is not enough protection to justify entry into a long-term position here.
BRZU has support at the $62.94, $62.13, $59.89 & $59.19 (10 day moving average) price levels, with resistance overhead at the $63.33, $64.14, $65.38 & $67.47/share price levels.
Tying It All Together
This week we hit the pavement running Monday, with St. Louis Fed President Bullard speaking at 8:30 am, followed by S&P final U.S. Manufacturing PMI at 9:45 am, ISM Manufacturing & Construction Spending data at 10 am & closing out with Fed. Governor Cook speaking at 4:15 pm.
Factory Orders & Job Openings data get reported on Tuesday at 10 am & at 6 pm Cleveland Fed President Mester speaks.
On Wednesday we get the ADP Employment data at 8:15 am, with U.S. Trade Balance data at 8:30 am, S&P Final U.S. Services PMI data at 9:45 am & the ISM Services report at 10 am.
Thursday kicks off with Initial Jobless Claims & Continuing Jobless Claims data at 8:30 am, with St. Louis Fed President Bullard Speaking at 10 am.
We close out with the US Unemployment Report, US Unemployment Rate, Average Hourly Wages & Average Hourly Wages Y-o-Y at 8:30 am on Friday, followed by Consumer Credit data at 3 pm.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, RING, EURL, IGM, IXP, KBE, IDNA, REM or BRZU AT THE TIME OF PUBLISHING THIS ARTICLE ***
New York Times Co. stock trades under the ticker NYT & has shown recent bullishness that traders & investors should research further into.
NYT stock closed at $38.19/share on 3/29/2023.
New York Times Co. NYT Stock’s Technical Performance Broken Down
New York Times Co. NYT Stock’s Technical Performance Over The Past Year
NYT Stock Price: $38.19
10 Day Moving Average: $37.60
50 Day Moving Average: $37.38
200 Day Moving Average: $32.87
RSI: 54.58
MACD: -0.005
Yesterday, NYT stock completed a bullish MACD crossover, gaining +1.81% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior.
NYT stock has support at the $37.80, $37.60 (10 day moving average) & $37.38/share price levels, with resistance at the $39.24, $39.96 & $40.73/share price levels.
New York Times Co. NYT Stock As A Long-Term Investment
Long-term oriented investors will like NYT stock’s 36.22 P/E (ttm), but may find their 3.88 P/B (mrq) to be a bit too rich.
They recently reported 12.5% Quarterly Revenue Growth Y-o-Y, with 1.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks solid, with $347.36M in Total Cash (mrq) & $69.03M of Total Debt (mrq).
NYT stock pays a modest 0.96% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.62%.
93.54% of NYT stock’s outstanding share float is owned by institutional investors.
New York Times Co. NYT Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge their portfolios against volatility, while profiting from price movements in NYT stock.
I am looking at the contracts with the 4/21 expiration date.
The $38, $37 & $36 call options are all in-the-money, listed from highest to lowest level of open interest.
The $41, $39 & $40 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
NYT stock has many interesting attributes that traders & investors should look deeper into.
Investors will like their balance sheet & modest, but sustainable dividend.
Traders will like their recent technical performance & liquid options.
Overall, it is worth taking a closer look into NYT stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NYT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Fox Corporation stock trades under the ticker FOX & has shown recent bullishness that traders & investors should research further into.
FOX stock closed at $30.98/share on 3/27/2023.
Fox Corporation FOX Stock’s Technical Performance Broken Down
Fox Corporation FOX Stock’s Technical Performance Over The Past Year
FOX Stock Price: $30.98
10 Day Moving Average: $30.49
50 Day Moving Average: $31.53
200 Day Moving Average: $30.12
RSI: 48.6
MACD: -0.336
Yesterday, FOX stock completed a bullish MACD crossover, gaining +1.97% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average.
FOX stock has support at the $30.64, $30.62 & $30.56/share price levels, with resistance at the $31.44, $31.53 (50 day moving average) & $31.67/share price levels.
Fox Corporation FOX Stock As A Long-Term Investment
Long-term oriented investors will like FOX stock’s 11.07 P/E (ttm) & their 1.39 P/B (mrq).
Their balance sheet will require a more thorough examination, with $4.06B of Total Cash (mrq) & $8.22B of Total Debt (mrq).
FOX stock pays a 1.61% dividend, which appears to be sustainable as their payout ratio is 18.01%.
54.26% of FOX stock’s outstanding share float is owned by institutional investors.
Fox Corporation FOX Stock As A Short-Term Trade Using Options
Traders focused on shorter time horizons can trade options to profit from FOX stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $30, $25 & $20 call options are all in-the-money, with the former being more liquid than the latter two strike prices.
The $35 & $40 puts are also both in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
FOX stock has many interesting attributes that traders & investors are sure to find appealing.
Investors will like their valuation metrics, as well as their sustainable dividend.
Traders will like their recent technical performance, but may wish that their options were more liquid.
Overall, it is worth taking a closer look into FOX stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FOX STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Valero Energy Corp. stock trades under the ticker VLO & has shown recent bullishness that traders & investors should research further into.
VLO stock closed at $131.88/share on 3/27/2023.
Valero Energy Corp. VLO Stock’s Technical Performance Broken Down
Valero Energy Corp. VLO Stock’s Technical Performance Over The Past Year
VLO Stock Price: $131.88
10 Day Moving Average: $129.39
50 Day Moving Average: $134.72
200 Day Moving Average: $121.24
RSI: 49.99
MACD: -1.118
Yesterday, VLO stock completed a bullish MACD crossover, gaining +2.03% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, after recently climbing back from the losses of early March 2023.
VLO stock has support at the $129.39 (10 day moving average), $128.70 & $127.86/share price levels, with resistance at the $134.72 (50 day moving average), $135.70 & $141.32/share price levels.
Valero Energy Corp. VLO Stock As A Long-Term Investment
Long-term oriented investors will like VLO stock’s 4.35 P/E (ttm) & their 1.99 P/B (mrq).
They recently reported 17.5% Quarterly Revenue Growth Y-o-Y, with 208.5% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $4.86B of Total Cash (mrq) & $12.72B of Total Debt (mrq).
VLO stock pays a 3.03% dividend yield, which appears to be sustainable in the long-run, as their payout ratio is 13.5%.
83.82% of VLO stock’s outstanding share float is owned by institutional investors.
Valero Energy Corp. VLO Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from VLO stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $130, $131 & $129 calls are all in-the-money, listed from highest to lowest level of open interest.
The $135, $132 & $134 puts are also all in-the-money, with the former being more liquid than the latter two strikes.
Tying It All Together
VLO stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics, recent growth & dividend yield.
Traders will like their recent technical performance & how liquid their options are.
All-in-all, VLO stock is worth taking a closer look at to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN VLO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
SPY, the SPDR S&P 500 ETF gained +1.46% this past week, lagging the performance of the NASDAQ names.
SPY, the SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is neutral & recent trading volumes have been above average compared to the year prior.
SPY’s MACD is showing signs of slowing down, with signals of a downtrend from Tuesday on last week.
SPY has support at the $392.02 (10 day moving average), $389.10 (200 day moving average), $388.28 & $387.13/share price levels, with overhead resistance at the $398.27, $399.14 (50 day moving average), $401.76 & $402.49/share price levels.
QQQ, the Invesco QQQ Trust ETF closed +1.97% higher this week vs. last, outperforming the large caps of the S&P 500, as well as the smaller cap Russell 2000 stocks for the week.
QQQ, the Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
As a result, their RSI is on the more overbought end of neutral (62) & their MACD is bullish, but beginning to show signs of weakness as it rolls over & recent trading volumes have been about average compared to the year prior.
QQQ has support at the $309.30, $304.22, $304.00 (10 day moving average) & $303.53/share price levels, with resistance at the $312.16, $313.19, $315.25 & $327.77/share price levels.
IWM, the iShares Russell 2000 ETF gained +0.69% this past week, as small cap names did not enjoy the same strength as their S&P 500 & NASDAQ peers.
IWM, the iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is on the oversold end of neutral at 38, as their MACD is beginning to righten after their freefall at the beginning of March 2023.
Trading volumes for IWM have been very high this past month, which should advice market participants to be careful.
IWM has support at the $169.71, $169.05, $166.80 & $166.21/share price levels, with resistance at the $172.67, $172.93 (10 day moving average),$174.63 & $174.71/share.
Let’s dive into some of the best & worst performing sectors & geo-locations based on this week’s technical rating data results!
Semiconductors (SMH), U.S. Technology (IYW), Silver Miners (SIL) & Japan Small Cap Dividends (DFJ) Are All Bullishly Leading The Markets
SMH ETF – VanEck Vectors Semiconductors ETF’s Technical Performance Over The Past Year
Their RSI is approaching the overbought end of neutral at 59, with recent trading volumes being slightly below average compared to the year prior.
Their MACD is beginning to signal that there may be some cooling off to come in the near-term, as it turns bearish, and their 0.94% distribution for long-term holders will not provide much cushion for investors.
The presence of both a shooting star & hanging man candlestick in last week’s chart signals that unless you’re using an options strategy for protection to wait & see how it behaves at its support levels.
SMH has support at the $250.42, $249.79 (10 day moving average), $249.56 & $246.32/share price levels, with resistance overhead at the $255.64, $261.92 & $267.30/share price levels.
IYW, the iShares U.S. Technology ETF has lost -12.5% over the past year, but has rebounded +29.98% (ex-distributions) since their 52 week low in October of 2022.
IYW ETF – iShares U.S. Technology ETF’s Technical Performance Over The Past Year
Their RSI is approaching overbought, and recent volumes have been above average compared to the year prior.
Their MACD is beginning to show signs of waning enthusiasm & their distribution only offers a modest 0.49% cushion for protection from losses for long-term holders, suggesting that in the near-term this is a better idea for an options trade than a long-term investment.
IYW has support at the $89.24, $88.25, $87.72 (10 day moving average), $87.39 & $87.22/share price level, with resistance at the $90.27, $91.24, $94.25 & $94.65/share price levels.
SIL, the Global X Silver Miners ETF has lost 20.6% over the past year, but has bounced back +38.77% (ex-distributions) from their lowest point of September 2022.
SIL ETF – Global X Silver Miners ETF’s Technical Performance Over The Past Year
Their RSI is on the overbought end of neutral, with recent trading volumes being average compared to the year prior.
Their MACD is beginning to look exhausted, and their distribution only provides 0.21% of an annualized cushion, signaling that it is best to see how Friday’s doji candlestick plays out & whether a morning star pattern is formed or not (signaling a bearish reversal).
While waiting, trading options can generate profits that can be parlayed into buying long-shares once things become more clear.
SIL has support at the $28.92, $28.59 (50 day moving average), $28.45 (10 day moving average) & $27.81/share price level, with resistance levels at $29.78, $29.79, $31.38 & $31.90/share.
DFJ ETF – WisdomTree Japan SmallCap Dividend Fund ETF’s Technical Performance Over The Past Year
Their MACD looks poised for a bullish crossover in the near-term, although their past couple of candlesticks will need to maintain their momentum & avoid filling the gap from last Thursday.
Recent trading volumes have been above average compared to the year prior & their RSI is neutral.
DFJ pays a 2.54% annual distribution, which will shield long-term holders from some losses in volatile environments & they have options which can be used for additional downside protection.
DFJ has support at $64.61 (50 day moving average), $64.45 (10 day moving average), $63.55 & $63.39/share & overhead resistance at the $66.05 & $66.68/share price levels from the past 52 weeks.
World Equities (URTH), Risk Parity (RPAR), Pharmaceuticals (PPH) & Sweden (EWD) Are All Bearishly Lagging The Markets
URTH, the iShares MSCI World ETF has lost -10.15% over the past year, falling -12.09% (ex-distributions) from their 52 week high in April 2022.
URTH ETF – iShares MSCI World ETF’s Technical Performance Over The Past Year
Recent trading volumes for URTH have been below average & their RSI is neutral at 51.
Their MACD is slightly bullish, but last week’s candlesticks signal that there is still a downtrend.
Long-term holders will receive 1.61% of distribution as a cushion from losses, but unless trading options, it would be wisest to wait for URTH to get on more stable footing before investing.
URTH has support at the $112.56 (10 day moving average), $110.49 (200 day moving average), $110.18 & $109.48/share price levels, with resistance at the $113.62, $114.33, $115.12 (50 day moving average) & $115.20/share price levels.
RPAR, the RPAR Risk Parity ETF has dropped -15.48% over the past year, losing -16.03% (ex-distributions) from their 52 week high achieved in March 2022.
RPAR ETF – RPAR Risk Parity ETF’s Technical Performance Over The Past Year
Their recent trading volumes have been below average & their RSI is neutral, signaling that investors are not certain as to where they value RPAR’s shares.
Their MACD looks to be losing speed, which may bring near-term entry points for investors who don’t mind losing beyond their 3.85% annual distribution.
For those that do mind, they are optionable, which can be used to generate profits while waiting for a more appropriate entry-point.
RPAR has support at $19.25 (10 day moving average), $19.05, $19.01 & $18.81/share, with resistance at $19.42, $19.45 (50 day moving average), $19.54 & $19.61/share.
PPH ETF – VanEck Vectors Pharmaceutical ETF’s Technical Performance Over The Past Year
Their RSI is approaching neutral again & recent trading volumes have been far below average compared to the year prior.
PPH has a 1.59% distribution for long-term share holders, and has options that can be traded while waiting for a more secure entry point.
PPH has support at the $74.64 (10 day moving average), $74.54 (200 day moving average), $73.64 & $73.40/share price levels, with resistance at the $76.19, $76.89 (50 day moving average), $77.59 & $78.19/share price levels.
EWD, the iShares MSCI Sweden ETF has lost -11.71% of its value over the past year, shedding -14.93% since its high of March 2022.
EWD ETF – iShares MSCI Sweden ETF’s Technical Performance Over The Past Year
Friday’s gap down will prove interesting, as their MACD was on the verge of crossing over bullishly, but with low trading volumes it is hard to gauge investor sentiment on the move.
Their RSI is on the oversold end of neutral at 43, and there looks to be more near-term losses on the horizon, which can present entry point opportunities for long-term investors.
However, unless their 3.57% distribution is the only protection from loss that you require, it would be wisest to wait & see how they behave at their support levels.
EWD has support at the $32.47, $32.13 (200 day moving average), $31.97 & $31.96/share price levels, with resistance overhead at the $33.68 (10 day moving average), $34.04, $34.05 & $34.71/share price levels.
Tying It All Together
This week we have lots of data coming in, with the exception of Monday which will be a quiet day minus Fed. Governor Jefferson speaking at 5pm.
Tuesday will be busy, with Advanced U.S. Trade Balance In Goods, Advance Retail Inventories & Advance Wholesale inventories at 8:30 am, followed by the S&P Case-Schiller Home Price Index & FHFA Home Index Price data at 9 am & U.S. Consumer Confidence & Fed Gov. Barr testifying before the Senate about banks at 10 am.
Wednesday brings us Pending US Home Sales data at 10 am, which will also be when Barr testifies to the House on banks.
Thursday features GDP (2nd revision), Initial Jobless Claims & Continuing Jobless Claims at 8:30 am, with Boston Fed President Collins speaking at 12:45 pm.
Friday too will be busy, with 8:30 am having a line up featuring Person Income (nominal), Personal Spending (nominal), PCE Index, Core PCE Index, PCE (Y-o-Y) & Core PCE (Y-o-Y) at 8:30, followed by the Chicago Business Barometer at 9:45 am.
At 10 am Friday the UMich Consumer Sentiment (final) data will be released & at 3:05 the NY Fed President Williams speaks, as well as Fed Governors Cook & Waller speaking in the evening (5:45 & 10 pm).
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SMH, IYW, SIL, DFJ, URTH, RPAR, PPH, or EWD AT THE TIME OF PUBLISHING THIS ARTICLE ***
Oracle Corp. stock trades under the ticker ORCL & has shown recent bullishness that traders & investors should research further into.
ORCL stock closed at $87.90/share on 3/22/2023.
Oracle Corp. ORCL Stock’s Technical Performance Broken Down
Oracle Corp. ORCL Stock’s Technical Performance Over The Past Year
ORCL Stock Price: $87.90
10 Day Moving Average: $85.59
50 Day Moving Average: $87.65
200 Day Moving Average: $77.22
RSI: 54.5
MACD: -0.253
Yesterday, ORCL stock completed a bullish MACD crossover, gaining +0.37% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is neutral, but their recent candlesticks signal there will be more weakness in the near-term, which can give traders & investors more favorable entrypoints.
ORCL stock has support at the $87.65 (50 day moving average), $85.87 & $85.59/share price levels, as they try to break out & above their $90.67 & $99.63/share resistance levels.
Oracle Corp. ORCL Stock As A Long-Term Investment
Long-term oriented investors will like ORCL stock’s 28.14 P/E (ttm).
They recently reported 17.9% Quarterly Revenue Growth Y-o-Y, with -18.2% Quarterly Earnings Growth Y-o-Y, which prospective investors may want to look further into.
Their balance sheet will also require a more thorough examination, with $8.77B of Total Cash (mrq) & $91.81B of Total Debt (mrq).
ORCL stock pays a 1.55% dividend, which appears to be sustainable in the long-run as their payout ratio is 42.24%.
43.54% of ORCL stock’s outstanding share float is owned by institutional investors.
Oracle Corp. ORCL Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price moves in ORCL stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $87.50, $85 & $87 call options are all in-the-money, listed from highest to lowest level of open interest.
The $90, $88 & $89 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
ORCL stock has many interest attributes that traders & investors are sure to find appealing.
Investors will like their P/E (ttm) & sustainable dividend yield.
Traders will like their liquid options & recent technical performance.
Overall, it is worth taking a closer look into how ORCL stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ORCL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Aon Corp. stock trades under the ticker AON & has shown recent bullish behavior that traders & investors should research further into.
AON stock closed at $300.47/share on 3/20/2023.
Aon Corp. AON Stock’s Technical Performance Broken Down
Aon Corp. AON Stock’s Technical Performance Over The Past Year
AON Stock Price: $300.47
10 Day Moving Average: $296.13
50 Day Moving Average: $310.04
200 Day Moving Average: $290.02
RSI: 47.95
MACD: -4.097
Yesterday, AON stock completed a bullish MACD crossover, gaining +1.31% on the day’s session.
Their RSI is neutral & recent trading volumes have been above average compared to the year prior, as they try to recover from losses incurred in earlier 2023.
AON stock has support at the $296.35, $296.13 (10 day moving average) & $294.47/share price levels, with resistance at the $302.17, $310.04 (50 day moving average) & $314.09/share price levels.
Aon Corp. AON Stock As A Long-Term Investment
Long-term oriented investors will like AON stock’s 24.45 P/E (ttm).
Before investing, it would be wise to look closer into their recently reported growth metrics, with 1.6% Quarterly Revenue Growth Y-o-Y & -23.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require a more thorough review, with $1.03B of Total Cash (mrq) & $11.68B of Total Debt (mrq).
AON stock pays a modest 0.74% dividend, which appears to be sustainable in the long-run as their payout ratio is 18.04%.
87.24% of AON stock’s outstanding share float is owned by institutional investors.
Aon Corp. AON Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from AON stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 6/16 expiration date.
The $300, $290 & $260 call options are all in-the-money, listed from most to least liquid strike price.
The $310, $320 & $330 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
AON stock has many interesting attributes that traders & investors will find appealing.
Investors will like their P/E (ttm) & modest, but sustainable dividend.
Traders will like their recent technical performance.
All-in-all, it is worth taking a closer look into how AON stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN AON STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Cintas Corp. stock trades under the ticker CTAS & has shown recent bullishness that traders & investors should research further into.
CTAS stock closed at $441.79/share on 3/20/2023.
Cintas Corp. CTAS Stock’s Technical Performance Broken Down
Cintas Corp. CTAS Stock’s Technical Performance Over The Past Year
CTAS Stock Price: $441.79
10 Day Moving Average: $435.29
50 Day Moving Average: $438.99
200 Day Moving Average: $419.13
RSI: 53.25
MACD: -1.033
Yesterday, CTAS stock completed a bullish MACD crossover, gaining +2.09% on the day’s session.
Their RSI is neutral & recent trading volumes have been below average compared to the year prior, as they have spent much of 2023 in a consolidation range.
CTAS stock has support at the $439.46, $438.99 (50 day moving average) & $438.41/share price level, with resistance at the $447.88, $453.01 & $463.47/share price levels.
Cintas Corp. CTAS Stock As A Long-Term Investment
Long-term oriented investors will like CTAS stock’s 35.48 P/E (ttm), but will find their 12.92 P/B (mrq) to be a bit too high.
They recently reported 13.1% Quarterly Revenue Growth Y-o-Y, with 10.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a deeper examination, with $89.9M of Total Cash (mrq) & $3.1B of Total Debt (mrq).
CTAS stock pays a 0.97% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.17%.
66.92% of CTAS stock’s outstanding share float is owned by institutional investors.
Cintas Corp. CTAS Stock As A Short-Term Trade Using Options
Traders with short-term time horizons can trade options to profit from CTAS stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $430, $420 & $400 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $460, $480 & $450 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
CTAS stock has many interesting attributes that traders & investors will find appealing.
Investors will like their recent growth metrics & modest, but stable dividend.
Traders will like their recent technical performance & liquid options.
Overall, it is worth taking a closer look into how CTAS stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN CTAS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
On Friday, WMT stock completed a bullish MACD crossover, gaining +0.81% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is neutral after their price has spent the last couple of months in a consolidation range.
WMT stock has support at the $138.04 (10 day moving average), $137.17 & $135.76 (200 day moving average), as they look to break out & above their $140.24, $141.60 & $141.68 (50 day moving average) resistance levels.
Walmart, Inc. WMT Stock As A Long-Term Investment
Long-term oriented investors will like WMT stock’s 32.7 P/E (ttm), but may find their 4.91 P/B (mrq) to be a bit too rich.
They recently reported 7.3% Quarterly Revenue Growth Y-o-Y, with 76.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $8.89B of Total Cash (mrq) & $58.92B of Total Debt (mrq).
WMT stock pays a 1.62% dividend, which appears to be sustainable in the long-run, as their payout ratio is 52.46%.
33% of WMT stock’s outstanding share float is owned by institutional investors.
Walmart, Inc. WMT Stock As A Short-Term Trade Using Options
Traders with a short-term time horizon can trade options to profit from WMT stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/14 expiration date.
The $138, $139 & $137 call options are all in-the-money, listed from most to least level of open interest.
The $140, $142 & $141 puts are also all in-the-money, with the former strike being more liquid than the latter two.
Tying It All Together
WMT stock has many interesting charactertistics that traders & investors will find appealing.
Investors will like their dividend yield, as well as their P/E (ttm), but may want to review their balance sheet more thoroughly.
Traders will like their recent technical performance & how liquid their options are.
All-in-all, it is worth taking a closer look to see how WMT stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN WMT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
