Starbucks Corp. stock trades under the ticker SBUX & has shown recent bullishness that traders & investors should research further.
SBUX stock closed at $116.91/share on Friday 11/5/2021.
Starbucks Corp. SBUX Stock’s Technicals Broken Down
SBUX Stock Price: $116.91
10 Day Moving Average: $112.53
50 Day Moving Average: $113.75
200 Day Moving Average: $111.96
RSI: 60.11
MACD: -0.077
SBUX completed a bullish MACD crossover yesterday, after trading on above average volume for the last few days.
They also gapped up 4%+, bullishly crossing over their 10 & 50 Day Moving Averages as well.
With an RSI that is only slightly overbought, there looks to be additional momentum in the near-term to continue pushing SBUX’s share price higher.
The next area of major resistance is the $120 level.
Starbucks Corp. SBUX Stock As A Long-Term Investment
Starbucks has been a longterm hold favorite for many investors.
Their P/E (ttm) is 33.03, and they do not have a positive P/B, which is to be expected as they operate a chain of restaurants that are focused on renting their space.
SBUX stock’s Beta is 0.83, meaning that it tends to move less aggressively than the broader market, which is another perk for investors focused on the long-term.
Starbuck’s balance sheet could look better though, with Total Cash (mrq) of $6.62B & Total Cash (mrq) of $23.61B.
They offer a dividend yield of 1.64%, which looks safe with a payout ratio of just over 50%.
SBUX also enjoys 70% of their share float being held by institutional investors.
Starbucks Corp. SBUX Stock As A Short-Term Trade Using Options
Short-term oriented traders can profit off of SBUX stock’s recent momentum by using options.
I am looking at the contracts with the 11/19 expiration date.
The $116, $117 & $118 calls all look liquid enough to trade & are either in, at or near being in the money by a matter of percentage points.
The $119 & $118 puts also look appealing as a hedge, although they have less open interest, meaning that traders see more near-term upside than downside for SBUX’s share price.
Tying It All Together
Overall, SBUX stock looks to be appealing in both the near-term & long-term.
Investors will like collecting a safe dividend from a stock that is less volatile than the broader market, with a fair valuation.
Traders will like their current momentum which looks poised to continue climbing in the near-term based on their technicals.
Starbuck’s Corp. stock is worth taking a closer look at, regardless of what your trading style & time frames are.
After a week that was centered around earnings, the Fed announcements & climate discussions, stocks generally continued to climb higher.
With more earnings calls to come this week, it seems that we are positioned for more of the same market action.
SSO ETF – ProShares Ultra S&P 500 ETF
Interestingly enough, both major indexes closed lower than they opened by the end of the day Friday, but still accomplished day over day gains (SSO & QLD pictured).
QLD ETF – ProShares Ultra QQQ ETF
It will be interesting to see if that risk-off sentiment continues into next week & if investors will be interested in taking their gains & going home safely by the end of another earnings week.
Homebuilders & Supplies (NAIL), RoboCar Disruptors (VCAR), Pharmaceutical & Medical (PILL) & Basic Materials (UYM) Stocks & ETFs Leading The Charge
ETFs focused on homebuilders & their suppliers have been experiencing a bit of good fortune in the recent times, with NAIL, the Direxion Daily Homebuilders & Supplies Bull 3X Shares ETF continuing to climb higher.
Robotic Cars also continued to climb higher sharply this week, despite negative/uncertain news circulating about Workhorse WKHS stock, amongst other names in the space.
VCAR, the Simplify Volt RoboCar Disruption & Tech ETF saw much stronger volume than average, although their RSI is overbought, so there may be some near-term drops as a new price range is established.
VCAR ETF – VCAR, the Simplify Volt RoboCar Disruption & Tech ETF
It comes as no surprise that Pharmaceutical & Medical names have been having strength recently.
PILL, the Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF climbed higher this week on above average trading volume.
This is another one that is in overbought territory based on their RSI though, so investors may think to time an entry after they settle into a new range, instead of chasing the tail end of recent momentum.
Basic Materials stocks also have been experiencing strength in the last month.
UYM ETF, the ProShares Ultra Basic Materials ETF continued to climb higher, with above average volume on Friday’s gains.
However, I would be keeping an eye on their MACD that is beginning to turn over a bit, and also their 50 & 200 Day Moving Averages which are just over 1% apart from one another.
The MA’s should separate further in the coming days, but with a slightly overbought RSI this one may warrant buying some puts as well to be safe.
UYM ETF – ProShares Ultra Basic Materials ETF
Of course, there are other ETFs out there that cover the same niches of the market, some of which may be better suited to your portfolio’s risk profile.
Emerging Markets Healthcare (KMED), Social Media (SOCL), Steel (SLX) & Short-SPAC (SOGU) ETFs Are All Lagging The Market Trends
Interestingly enough, while PILL has climbed, the KMED ETF has been lagging.
This is in-line with general sentiment around emerging markets at the moment, but does not align with the broader bullishness in the healthcare & pharmaceutical space.
KMED ETF – KraneShares Emerging Markets Healthcare Index ETF
Social Media companies have come under more fire & scrutiny than usual recently, leading to a dip in SOCL since mid-October.
Their volume has been lighter than average recently, with prices seeing stability in the $61-62 range, needing to be able to break out above $62 to reverse course.
SOCL ETF – Global X Social Media Index ETF
With a relatively neutral RSI, SOCL could begin to climb again in the near-term, although I would be focusing on the relationship between the 10 & 50 Day Moving Averages before deciding an entry-point & consider also having some puts for protection from potential further price declines.
Another interesting lagger is SLX, the VanEck Vectors Steel ETF.
Despite builders, suppliers & basic materials names climbing, steel here is underperforming.
SLX ETF – VanEck Vectors Steel ETF
SLX is also trading on below average volume, with a slightly oversold RSI.
Lastly, the short-SPAC ETF SOGU has also been lagging, meaning that the 25 SPAC-names they track are outperforming or there is good sentiment behind them.
SOGU ETF – The Short De-SPAC ETF
SOGU’s RSI is about to enter very-oversold territory, but there is limited data available on them as they began trading in May.
Tying It All Together
As mentioned prior, I try not to repeat names & sectors/industries week over week in order to cover the broadest amount of relevant information.
While ETFs are not perfect trackers of market sentiment, a lot can be inferred about specific areas of the broader markets by tracking their performance.
Given that we are still in earnings season, it is important to watch the technicals of these ETFs & how they move in relation to news about specific companies that are held in their basket.
It is also important to then check how much the % change is compared to the % of the basket that is held in each individual stock, as this may present opportunities to get in at better prices than the ETFs true, current value.
Elevate Credit, Inc. stock trades under the ticker ELVT & has show recent bullish signals that traders & investors should take note of.
ELVT stock closed at $3.92/share on 11/5/2021 & looks poised to continue climbing.
Elevate Credit Inc. ELVT Stock’s Technicals Broken Down
ELVT Stock Price: $3.92
10 Day Moving Average: $3.55
50 Day Moving Average: $3.62
200 Day Moving Average: $3.70
RSI: 60.6
MACD: -0.027
ELVT completed a bullish MACD crossover yesterday, on higher than average volume compared to the rest of the year, which is a bullish signal.
Additionally, the price broke out above & closed above the 10, 50 & 200 Day Moving Averages.
The $4.10 & $4.26 price levels are the next levels of resistance for traders to be targeting & ELVT’s share price continues to climb.
Elevate Credit Inc. ELVT Stock As A Long-Term Investment
Long-term oriented investors will like ELVT stock’s P/B of 0.81, however their P/E (ttm) is not positive, which investors will typically not be fond of.
ELVT’s Quarterly Revenue Growth Y-o-Y is not stellar, at -28% & their balance sheet is also looking questionable.
ELVT has Total Cash (mrq) of $105.8M & Total Debt (mrq) of $361.8M, which also may not be suitable to most investors’ portfolio strategies.
With no Dividend Yield & the above mentioned metrics, it comes as no surprise to see that only 53% of their share float is held by institutional investors.
However, some investors may find ELVT appropriate to their portfolio & risk strategies.
Elevate Credit Inc. ELVT Stock As A Short-Term Trade Using Options
Traders can catch ELVT’s current momentum while hedging against risk by trading options.
I am looking at the contracts with the 11/19 expiration date.
The $2.50 calls are in-the-money & the $5 may also be worth looking at if you think that they will break above the $4.26 level fast in order to make some additional profit.
Both have open interest of just below or over 1,000 contracts, so they are liquid enough to make quick plays with.
The $5 puts are the only liquid option that is reasonable as the $7.50’s show no open interest, and it is highly unlikely anyone will be writing those contracts at this point in time.
Tying It All Together
All-in-all, traders & investors may be interested in the gains that ELVT has to offer.
As an investment, their fundamentals are shaky, but they may fit in some investors’ strategies pending further research.
In the near-term, their current momentum looks healthy & set to continue climbing for a bit.
ELVT stock is worth taking a closer look at to see if it is right for your strategy.
AMC stock closed at $40.79/share on 11/3/2021, with more bullish momentum to come.
AMC Entertainment Holdings Inc. AMC Stock’s Technicals Broken Down
AMC Stock Price: $40.79
10 Day Moving Average: $37.07
50 Day Moving Average: $40.79
200 Day Moving Average: $28.01
RSI: 56.9
MACD: -0.543
Yesterday, AMC stock completed a bullish MACD crossover, while the day’s high prices also went over the 50 Day Moving Average, although they settled for the day right on it.
There is a ~10% difference between the 10 & 50 Day Moving Averages, which will provide additional bullish momentum in the days to come.
The $44.20 level will be the next resistance test, which they should see in the coming days, as their RSI is still relatively neutral.
AMC Entertainment Holdings Inc. AMC Stock As A Long-Term Investment
AMC has recently been one of the meme stocks, that traders have been pumping for short-term gains.
As a long-term investment, they are pure speculation.
Their P/E (ttm) is negative & their P/B is 0.18 (which is low & may be the only appealing aspect to their stock).
AMC stock’s Quarterly Revenue Growth is 2,252.9%, which is only because of COVID lockdown measures being rolled back Y-o-Y.
AMC’s balance sheet is also unappealing with Total Cash (mrq) of $1.81B & Total Debt (mrq) of $11.08B.
Again, this is a purely speculative name.
AMC Entertainment Holdings Inc. AMC Stock As A Short-Term Trade Using Options
Traders can take advantage of AMC’s current momentum, while also protecting themselves from its speculative nature by trading AMC options
I am looking at the 11/19 expiration dated contracts.
The $40 & $39 calls look appealing as they are already in-the-money & this is an erratic stock.
As a hedge, the $41 & $42 puts also look appealing in the near-term.
The Open Interest on the puts is far lower than on the calls, signaling that traders see this name powering higher in the near-term.
Tying It All Together
Overall, AMC stock is not suitable for investing in, unless you have picked up a discarded scratch ticket on the ground before & won $1,000+; then you may be lucky enough for it to work.
In the near-term, however, they do have momentum that can be taken advantage of for profits.
Always be careful when playing with a speculative name like AMC stock.
Fabrinet stock trades under the ticker FN & has shown recent bullishness that traders should take a closer look at.
FN stock closed at $111.21/share on 11/1/2021, after a 13%+ gap up day.
Fabrinet FN Stock’s Technical Performance Broken Down
FN Stock Price: $111.21
10 Day Moving Average: $98.41
50 Day Moving Average: $102.17
200 Day Moving Average: $92.88
RSI: 69
MACD: -0.406
Fabrinet’s stock completed a bullish MACD crossover yesterday, on a 13%+ gap up day.
FN crossed over its 50 Day Moving Average, with ~4% difference between the 10 & 50 Day MAs that will provide additional support.
While their RSI is approaching overbought, over the next few days that will settle down as they establish a new range.
The next level to watch for will be $115.53, which was yesterday’s high.
Fabrinet FN Stock As A Long-Term Investment
Investors may be interested in FN stock, particularly their P/E (ttm) of 24.3.
FN stock’s P/B is 3.2, with a Beta of 1.02, showing that they tend to move in line with the broader markets.
Fabrinet’s Quarterly Revenue Growth Y-o-Y is 25.8%, and their balance sheet also looks healthy.
With Total Cash (mrq) of $547.9M & Total Debt (mrq) of $45.96M, FN looks to be a healthy investment.
While they do not offer a dividend yield, they still attract a lot of institutional investors, with 96% of their share float being held by them.
Fabrinet FN Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of FN stock’s current momentum, while protecting themselves against volatility.
I am looking at the 11/19 expiration dated contracts.
The $105, $110 & $115 strike price calls all look appealing, although they have very low levels of open interest, which is to be expected as they were <$100/share for the last month until yesterday.
There is very low open interest on the puts side, but I would be looking to the $115 & $120 strike price there, should there be contracts written in the meantime, otherwise perhaps look towards the 12/17 expiration date.
Tying It All Together
Overall, it looks like Fabrinet’s stock is well worth taking a closer look at for all types of market participants.
As an investment, they look fairly valued & have a solid looking balance sheet.
In the near-term, they should continue to push higher after yesterday’s strong performance.
FN stock is worth doing more research into as both a trade & an investment.
Papa John’s Intl. Inc. stock trades under the ticker PZZA & has shown recent bullish movement that traders & investors should take a deeper look at.
PZZA stock closed at $125.76/share on 11/1/2021.
Papa John’s Intl. Inc. PZZA Stock’s Technicals Broken Down
Papa John’s Intl. Inc. PZZA Stock’s Technical Performance For The Last Year
PZZA Stock Price: $125.76
10 Day Moving Average: $121.67
50 Day Moving Average: $126.09
200 Day Moving Average: $106.77
RSI: 55.2
MACD: -1.013
Yesterday, PZZA completed a bullish MACD crossover, while also approaching its 50 Day Moving Average.
The prior day, PZZA broke out above its 10 Day MA, which is <5% behind their 50 Day MA.
With a neutral RSI, there is additional momentum to push the price above the 50 Day MA, which will get additional fuel from the 10 Day MA crossing it a matter of days later.
The next test for PZZA will be the $127.66-128/share range.
Papa John’s Intl. Inc. PZZA Stock As A Long-Term Investment
Investors may be fond of PZZA stock as a long-term hold, due to their popularity & increased Quarterly Revenue Growth of 11.8% & Quarterly Earnings Growth of 56%.
Their Institutional Shareholders account for ~98% of shareholders.
However, their P/E (ttm) & P/B are both not positive, and their 1.13% dividend yield is not supported by a strong payout ratio (-13%).
Another area that some investors may be wary of is their balance sheet, where they have Total Cash (mrq) of $96.2M & Total Debt (mrq) of $614.2M.
Papa John’s Intl. Inc. PZZA Stock As A Short-Term Trade Using Options
Short-term focused traders may be interested in using options to profit from PZZA stock’s recent momentum.
I am looking at the contracts with the 11/19 expiration date.
The $120 & $125 calls look safe, with the $130 also being in the running to be in-the-money by the expiration.
For puts, the $130, $135 & $140 strike prices also look appealing as a hedge.
The open interest on puts vs. calls shows that traders expect there to be more bullishness to come from PZZA stock in the near term, although that sentiment may shift as contracts with expiration dates between now & then expire.
Tying It All Togher
Overall, PZZA stock has a lot of opportunities for traders & investors.
Investors may like their recent growth & undisputed popularity of the major pizza chains.
Traders will like their current momentum & variety of expiration dates for options contracts, as they can get better prices on contracts that expire sooner.
All-in-all, Papa John’s Intl. Inc. is worth taking a closer look at for all market participants.
Entering the second to last month of the 2021, and markets look to be relying on decent-to-good earnings to continue climbing higher.
Volume Y-O-Y has gone down a bit, which makes sense as investors are stuck trying to figure out where we go next, where concerns over debt, continued corporate earnings growth, inflation, energy & supply chains & sitting on edge.
UPRO ETF – ProShares UltraPro S&P500
The 3x levered S&P 500’s UPRO ETF (above) is at record highs, while their NASDAQ counterpart TQQQ has more volume, but similar price stall-out at just above all-time highs.
TQQQ ETF – ProShares UltraPro QQQ
While everything is still climbing, the RSI’s & MACD on the two above ETFs show that perhaps there is about to be some risk-off movement, as both RSIs are flirting with overbought territory & the MACD’s are beginning to curve more.
Technology (VCLO), Oil (UCO), Uranium (URA) & Semiconductor (USD) ETFs Are Performing Stronger Than The Pack
Technology, specifically the disruptive names in cloud computing & cyber security are performing well, with the VCLO ETF (below).
This looks like a time for investors to time a decent entry, as prices are slowing down while their RSI readjusts, and volume is above average.
VCLO ETF – Simplify Volt & Cybersecurity Disruption ETF’s Past Year Technical Performance
With the current state of the energy markets, it is no surprise that oil is bullish, although it looks like the UCO ETF is showing some signs of slowing down its rapid recent growth.
UCO ProShares Ultra Bloomberg Crude Oil ETF’s Past Year Technical Performance
This looks like a time where investors may get a decent entry point as their RSI is coming back down from overbought levels, and prices are expected to continue climbing.
URA ETF – Global X Uranium ETF’s Technical Performance For The Past Year
URA, an ETF that tracks uranium also looks to be cooling off, with its RSI approaching neutral again, with higher than average volume for the year, creating an opportunity for entry.
Their 50 Day Moving-Average should provide support on the price to continue near-term growth.
USD ETF also looks healthy over the last year, especially with their more recent performance since September.
With an near overbought RSI, there may be some pullback that investors can use as an entry-point in the near-term, to catch some of their momentum.
BioTech (LABU), Education (EDUT), China Real Estate (CHIR) & ESports/Digital Entertainment (NERD) Are Lagging The Pack
LABU ETF – Direxion Daily S&P BioTech Bull 3x Shares ETF’s Past Year Technical Performance
LABU, an ETF that has 3x leveraged exposure to BioTech has been performing poorly this past year, but looks to potentially be reversing course & be an opportunity in the near-term for some growth.
EDUT ETF – Global X Education ETF’s Technical Performance Over The Past Year
EDUT, a global education ETF has had a difficult year, however, it may be able to reverse course if it can maintain above $10.88 & break above $11.02, as with an RSI that is signaling being oversold, there should be opportunity to reverse course.
CHIR ETF – Global X MSCI China Real Estate ETF’s Technical Performance Over The Last Year
It is no surprise that Chinese Real Estate is in some trouble at the moment, and the CHIR ETF agrees.
I think that there may be more pain to come, as there are still many relevant uncertainties, but for investors looking for exposure in the space, they offer a 6.47% dividend yield while you wait/to provide a cushion should they continue to decline.
NERD ETF – Roundhill BITKRAFT Esports & Digital Entertainment ETF’s Technical Performance Over The Last Year
The NERD ETF tracks Esports & Digital Entertainment & has also been having a tough go at it this year.
However, if they can stay above $26.28, they may reverse course in the near-term,with the RSI & MACD showing some more slight losses quickly, but their Moving Averages show signs of reversing.
Tying It All Together
Overall, it will be interesting to watch how the next week’s earnings calls come out, especially after Amazon’s & Apple’s this past week.
Broader indexes look ready to cool off a little bit, with high RSI’s on the S&P & NASDAQ leveraged ETFs, which should make for some good entry points for investors & volatility for traders.
Investors may be taking some profits here before the end of the year, which would mean more cash on the sidelines, and a shift into safer value names with more dividend yields.
*** I DO NOT OWN SHARES OR OPTIONS RELATED TO ANY OF THE NAMES MENTIONED ABOVE AS OF WRITING THIS ARTICLE ***
WD-40 Co. stock trades under the ticker WDFC & has shown recent technical strength that should be closer examined.
WDFC stock closed at $231.01/share on 10/28/2021.
WD-40 Co. WDFC Stock’s Technical Performance Broken Down
WDFC Stock Price: $231.01
10 Day Moving-Average: $223.41
50 Day Moving-Average: $229.48
200 Day Moving-Average: $259.86
RSI: 53.8
MACD: -1.917
WDFC has had higher than average volume the past couple of weeks when compared to the rest of the year, and yesterday completed a bullish MACD crossover.
Additionally, WDFC crossed over both its 10 & 50 Day MA’s bullishly in the process, while maintaining a neutral RSI.
With ~3% between the 10 & 50 Day MA’s, there looks to be additional momentum in the near-term that will help them test the $235 price level.
Once they have crossed there, the next level to eye is the $240 level.
WD-40 Co. WDFC Stock As A Long-Term Investment
WDFC has a P/E (ttm) of 44.4 & a P/B of 15.4. While the P/B is a bit rich, investors may like their Price to earnings ratio.
While their Quarterly Revenue Growth Y-o-Y was not impressive at only 3%, this is a household name that has a large marketshare that spans over generations that was founded in 1953.
WDFC has Total Cash (mrq) of $85.96M & Total Debt (mrq) of $124.7M on their balance sheet.
WDFC’s dividend yield is 1.3%, with a Payout Ratio of 54%, which although is high, does not suggest that the yield will need to be cut anytime soon.
Institutional investors like WDFC stock, owning 89.5% of the share float.
WD-40 Co. WDFC Stock As A Short-Term Trade Using Options
Traders can take advantage of WDFC stock’s current momentum using options.
I am looking at the 11/19 expiration dated contracts.
The $230 & $240 calls look appealing, with the latter only being 4.5% out of the money.
The $240 & $250 puts also look interesting, and can be used to prevent losses from broader market volatility.
Tying It All Together
Overall, WD-40 Co.’s stock has many appealing attributes for traders & investors to look into.
As a long-time established brand, investors can feel safe in their performance, although some of their metrics may be riskier than others.
Near-term traders will like their current path of momentum, and additional near-term strength.
WDFC stock is worth taking a closer look at for any and all market participants.
Timken Steel Corp. stock trades under the ticker TMST & has shown recent bullishness that traders & investors should take note of.
TMST stock closed at $13.75/share on 10/26/2021, after completing many bullish indicators that signal future growth is to come in the near-term.
Timken Steel Corp. TMST Stock’s Technical Performance Broken Down
TMST Stock Price: $13.75
10 Day Moving-Average: $13.19
50 Day Moving-Average: $13.51
200 Day Moving-Average: $11.96
RSI: 54.6
MACD: -0.064
Yesterday, TMST stock completed a bullish MACD crossover, while also bullishly breaking through its 10 & 50 Day Moving-Averages.
With a neutral RSI, TMST has more room to run in the near-term, although traders should note that their volume is about average compared with the rest of the year.
This may be of less concern to traders now, as most stocks that we have covered on this site have been trading below their annual average volumes.
Timken Steel Corp. TMST Stock As A Long-Term Investment
Investors may be interested in TMST stock’s valuation metrics, where their P/E (ttm) is 21.83 & their P/B is 1.04.
TMST stock has experienced Quarterly Revenue Growth Y-o-Y of 112%, which also should catch the eye of investors.
TMST’s balance sheet is also appealing, with Total Cash (mrq) of $115.2M & Total Debt (mrq) of only $63.9M.
Two areas of concern for investors may be their lack of a dividend yield, as well as their high beta that is 2.09, meaning that they will generally move in a more volatile fashion than the rest of the market.
Timken Steel Corp. TMST Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of TMST stock’s recent momentum, while hedging against broader market inflation.
I am looking at the contracts with the 11/19 expiration date.
The $15 & $12.50 calls look appealing, although they will need to test the $14.69 level before the former will be in-the-money.
The $15 & $17.50 puts also look appealing as a means of hedging against a fall in price caused by broader market volatility.
Tying It All Together
Overall, TMST stock has many appealing attributes that traders & investors should take a closer look at.
Traders will like TMST’s current momentum & with 3 weeks left on their option contracts there is time for them to break out into higher territory, putting the $15 calls in-the-money.
Investors will like their fundamentals, although they may be disappointed by the lack of dividend.
All-in-all, TMST stock is worth taking a closer look at.
