WW Grainger stock trades under the ticker GWW & has shown recent bullishness that traders & investors should research further into for when market volatility has cooled down.
GWW stock closed at $665.43/share on 4/19/2023
WW Grainger, Inc. GWW Stock’s Technical Performance Broken Down
WW Grainger, Inc. GWW Stock’s Technical Performance Over The Past Year
GWW Stock Price: $665.43
10 Day Moving Average: $653.35
50 Day Moving Average: $669.75
200 Day Moving Average: $578.94
RSI: 51.61
MACD: -2.387
Yesterday, GWW stock completed a bullish MACD crossover, losing -0.14% on the day’s session.
Their RSI is neutral & recent trading volumes have been below average, signaling uncertainty as to where the market values their share price.
After a large gap up in February of 2023, they have begun a head & shoulders reversal, with back-to-back hanging man candlestick sessions, indicating that there is going to be a price correction & consolidation on the horizon.
Traders & investors should watch how they behave at support & resistance points in the coming weeks to see where they may be able to enter a position under more favorable, less volatile conditions.
GWW has support at the $653.35 (10 day moving average), $650.46, $649.20 & $625.97/share price level, with resistance at the $669.75 (50 day moving average), $683.44, $689.74 & $709.21/share price level.
WW Grainger, Inc. GWW Stock As A Long-Term Investment
Long-term oriented investors will like GWW stock’s 21.57 P/E (ttm), but may find their 13.36 P/B (mrq) to be a bit too high for their liking.
They recently reported 13.2% Quarterly Revenue Growth Y-o-Y, with 35.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $325M of Total Cash (mrq) & $2.74B of Total Debt (mrq).
GWW stock pays a 1.02% dividend, which appears to be sustainable in the long-run, as their payout ratio is 22.55%.
75.27% of GWW stock’s outstanding share float is owned by institutional investors.
WW Grainger, Inc. GWW Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to protect their portfolio from volatility, while profiting from price movements in GWW stock.
The $660, $650 & $630 call options are all in-the-money, listed from highest to lowest level of open interest.
The $670, $680 & $690 puts are also all in-the-money, with the former being more liquid than the latter strike prices.
Tying It All Together
GWW stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their sustainable dividend, as well as their recent growth metrics.
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 how GWW stock fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN GWW STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
La Z Boy stock trades under the ticker LZB & has shown recent bullishness that traders & investors should research further into to plan an entry once markets have become less volatile.
LZB stock closed at $28.85/share on 4/19/2023.
La Z Boy LZB Stock’s Technical Performance Broken Down
La Z Boy LZB Stock’s Technical Performance Over The Past Year
LZB Stock Price: $28.85
10 Day Moving Average: $28.16
50 Day Moving Average: $29.23
200 Day Moving Average: $26.28
RSI: 52.84
MACD: -0.235
Yesterday, LZB stock completed a bullish MACD crossover, gaining +1.87% on they day’s session.
Recent trading volumes have been slightly below average, signaling that investors are not certain as to how to price LZB shares currently, amid a turbulent macro environment.
Their RSI is neutral & traders & investors should be watching how they behave at their support & resistance levels in the coming weeks to identify when an opportune entry time may be after volatility cools off.
LZB stock has support at the $28.16 (10 day moving average), $27.81, $27.66 & $27.56, with resistance overhead at $29.21, $29.23 (50 day moving average), $30.05 & $30.17/share price levels.
La Z Boy LZB Stock As A Long-Term Investment
Long-term oriented investors will like LZB stock’s valuation metrics, with a 7.04 P/E (ttm) & a 1.35 P/B (mrq).
They recently reported 0.2% Quarterly Revenue Growth Y-o-Y, with 11.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $293.08M of Total Cash (mrq) & $427.29M of Total Debt (mrq).
LZB stock pays a 2.39% dividend, which appears to be sustainable in the long-run, as their payout ratio is 16.83%.
97.2% of LZB stock’s outstanding share float is owned by institutional investors.
La Z Boy LZB Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in LZB stock’s price, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $25 are the only strike that is currently in-the-money, with open interest at the $30 & $35 strike prices as well.
The $30 & $40 puts are also in-the-money, with the former being more liquid than the latter.
Tying It All Together
LZB stock has many unique characteristics that traders & investors will find appealing.
Investors will like their dividend yield & valuation metrics, but may want to review their balance sheet structure in more detail before investing.
Traders will like their recent technical performance, but may be disappointed in how illiquid their options are.
All-in-all, LZB stock is worth taking a closer look into to see how it fits into your portfolio strategy once market volatility has subsided.
*** I DO NOT OWN SHARES OR CONTRACTS POSITIONS IN LZB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Toro Co. stock trades under the ticker TTC & has shown recent bullishness that traders & investors should research further into in order to plan a position in less volatile market conditions.
TTC stock closed at $105.87/share on 4/18/2023.
Toro Co. TTC Stock’s Technical Performance Broken Down
Toro Co. TTC Stock’s Technical Performance Over The Past Year
TTC Stock Price: $105.87
10 Day Moving Average: $103.93
50 Day Moving Average: $109.06
200 Day Moving Average: $100.44
RSI: 47.16
MACD: -1.366
Yesterday, TTC stock completed a bullish MACD crossover, gaining +0.47% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral.
Yesterday’s doji candlestick signals uncertainty in their near-term price is on the horizon & traders & investors should be watching how they behave at support levels in order to time a position entry when the markets have become less volatile.
TTC stock has support at the $105.11, $104.14 & $103.93/share (10 day moving average) price levels, with resistance at the $107.07, $107.09 & $108.65/share price levels.
Toro Co. TTC Stock As A Long-Term Investment
Long-term focused investors will like TTC stock’s 22.78 P/E (ttm), but will find their 7.49 P/B (mrq) to be too high.
They recently reported 23.2% Quarterly Revenue Growth Y-o-Y, with 53.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $174.04M of Total Cash (mrq) & $1.17B of Total Debt (mrq).
TTC stock pays a 1.18% dividend, which appears to be sustainable in the long run as their payout ratio is 27.25%.
88.22% of TTC stock’s outstanding share float is owned by institutional investors.
Toro Co. TTC Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in TTC stock’s price, while protecting their portfolio against volatility.
I am looking at the contracts with the 6/16 expiration date.
The $105, $95 & $90 call options are all in-the-money, listed from highest to lowest level of open interest.
The $110, $115 & $120 puts are also all in-the-money, withe the former strike being more liquid than the latter two.
Tying It All Together
TTC stock has many interesting characteristics that traders & investors will find favorable.
Investors will like their dividend yield, as well as their recent growth metrics, but will want to dig deeper into their balance sheet’s structure.
Traders will like TTC’s recent technical performance, but may be disappointed by their relatively illiquid options.
Overall, it is worth taking a closer look into TTC stock now to see how it fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARE OR OPTIONS CONTRACT POSITIONS IN TTC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Eaton Corp. stock trades under the ticker ETN & has shown recent bullishness that traders & investors should look further into for an possible entry once market volatility has subsided.
ETN stock closed at $163.69/share on 4/18/2023.
Eaton Corp. ETN Stock’s Technical Performance Broken Down
Eaton Corp. ETN Stock’s Technical Performance Over The Past Year
ETN Stock Price: $163.69
10 Day Moving Average: $160.47
50 Day Moving Average: $167.80
200 Day Moving Average: $152.50
RSI: 49.1
MACD: -1.625
Yesterday, ETN stock completed a bullish MACD crossover, gaining +0.39% on the day’s session.
Recent trading volumes have been relatively average compared to the year prior & their RSI is neutral.
Yesterday’s shooting star candlestick signals that investors & traders may want to tread with caution & eye ETN stock’s behavior at its support levels, so that they can plan an entry point for a position when volatility has simmered down across the market.
ETN stock has support at the $160.47 (10 day moving average), $160.23 & $157.90/share price levels, with resistance at the $164.52, $165.68 & $166.69/share price level.
Eaton Corp. ETN Stock As A Long-Term Investment
Long-term oriented investors will like ETN stock’s 25.86 P/E (ttm), but may find their 3.71 P/B (mrq) to be too high for their liking.
They recently reported 12.2% Quarterly Revenue Growth Y-o-Y, with 30.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $555M of Total Cash (mrq) & $9.24B of Total Debt (mrq).
ETN stock pays a 1.99% dividend, which appears to be sustainable in the long-run, as their payout ratio is 52.77%.
84.1% of ETN stock’s outstanding share float is owned by institutional investors.
Eaton Corp. ETN Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in ETN stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $160, $140 & $155 call options are all in-the-money, listed from highest to lowest level of open interest.
The $165, $175 & $170 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
ETN stock has many interesting attributes that traders & investors will find appealing.
Investors will like their dividend yield & recent growth metrics, but may want to research further into their balance sheet structure before investing.
Traders will like their recent technical performance, but may wish their options were more liquid.
All-in-all, it is worth taking a closer look into ETN stock to see how it fits into your portfolio strategy when market volatility subsides.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ETN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Terex Corp. stock trades under the ticker TEX & has shown recent bullishness that traders & investors should research further into to find an appropriate entry-point for when market volatility subsides.
TEX stock closed at $44.84/share on 4/14/2023.
Terex Corp. TEX Stock’s Technical Performance Broken Down
Terex Corp. TEX Stock’s Technical Performance Over The Past Year
TEX Stock Price: $44.84
10 Day Moving Average: $44.58
50 Day Moving Average: $51.55
200 Day Moving Average: $41.11
RSI: 41.08
MACD: -2.119
On Friday, TEX stock completed a bullish MACD crossover, gaining +0.76% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is climbing back from oversold conditions after a series of down days 2 weeks ago.
The real bodies of their most recent three candlesticks signal that there is uncertainty around TEX stock’s value currently, making it important to watch how they behave at support levels to figure out where to enter once markets become less volatile.
TEX stock has support at the $44.58 (10 day moving average), $43.78, $42.40 & $41.89/share price levels, with resistance at the $44.94, $44.95, $45.07, $46.35 & $46.34/share price levels.
Terex Corp. TEX Stock As A Long-Term Investment
Long-term oriented investors will like TEX stock’s 10.38 P/E (ttm), but may find their 2.58 P/B (mrq) to be a bit too rich.
They recently reported 23% Quarterly Revenue Growth Y-o-Y, with 56.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may require a more thorough review, with $304.1M of Total Cash (mrq) & $864.6M of Total Debt (mrq).
TEX stock pays a modest 1.17% dividend, which appears to be sustainable in the long-run, as their payout ratio is 12.04%.
90.12% of TEX stock’s outstanding share float is owned by institutional investors.
Terex Corp. TEX Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from TEX stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $42, $41 & $43 call options are all in-the-money, listed from highest to lowest level of open interest.
The $45, $47 & $48 puts are also in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
TEX stock has many interesting attributes that traders & investors will find appealing once markets become less volatile.
Investors will like their sustainable dividend & recent growth metrics.
Traders will like their recent technical performance.
Overall, it is worth taking a closer look into TEX stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS POSITIONS IN TEX STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Powell Industries, Inc. stock trades under the ticker POWL & has shown recent bullishness that traders & investors should research further into for when market volatility subsides.
POWL stock closed at $41.35/share on 4/14/2023.
Powell Industries, Inc. POWL Stock’s Technical Performance Broken Down
Powell Industries, Inc. POWL Stock’s Technical Performance Over The Past Year
POWL Stock Price: $41.35
10 Day Moving Average: $40.89
50 Day Moving Average: $42.68
200 Day Moving Average: $31.02
RSI: 49.36
MACD: -0.406
On Friday, POWL stock completed a bullish MACD crossover, gaining +0.15% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior, but their last week of candlesticks signals that there is uncertainty in the air about their value.
As such, it is wise to research into POWL stock now, while watching how it behaves around key support areas to figure out a more favorable entry for when markets become less volatile.
POWL stock has support at the $40.89 (10 day moving average), $40.36, $40.16 & $38.87/share price levels, with resistance at the $41.48, $42.63, $42.68 (50 day moving average) & $43.12/share price levels.
Powell Industries, Inc. POWL Stock As A Long-Term Investment
Long-term oriented investors will like POWL stocks 27.39 P/E (ttm) & 1.62 P/B (mrq).
SPY, the SPDR S&P 500 ETF added +0.23% over the past week as investors digested & reacted to earnings calls, CPI/PPI data & more, being less favorable than NASDAQ stocks for the week, but outperforming the small cap Russell 2000 index.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
While Friday’s spinning top candle’s open & closing prices stayed near the top of Thursday’s candle’s range, it remained inside of it, signaling hesitance among investors at the $415/share level.
Their RSI is closer to overbought than neutral, with some room to consolidate & cool off & their MACD looks poised to roll over bearishly in the near-term.
Trading volumes have been about average compared to the year prior for SPY & I’ll be watching their nearest support/resistance levels in the coming week for clues as to the S&P’s next moves.
SPY has support at the $410.48, $409.91 (10 day moving average) & $407.06/share price levels,with resistance at the $416.72, $422.50 & $426.37/share price levels.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their MACD crossed over bearishly mid-week & Friday’s spinning top candlestick is also similar to SPY’s, signaling investors are not certain about the $320/share price level on QQQ.
Their RSI is also above 60, with room to cool off in the near-term & their recent trading volumes have been about average compared to the year prior.
QQQ has support at the $317.86 (10 day moving average), $313.19 & $312.16/share price levels, which will be areas of interest to watch this week, with resistance overhead at the $321.63, $327.77 & $332.51/share price levels.
IWM, the iShares Russell 2000 ETF shed -0.13% over the past week, as investors were more interested in larger cap S&P 500 stocks & the tech heavy NASDAQ index last week.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
They remained in a tight range all week, trading at about average volume compared to the year prior.
Their RSI is neutral & MACD is still bullish, but beginning to signal a loss of steam, which will make seeing their reactions to support levels this week important for figuring out where the index goes next.
IWM has support at the $176.32 (10 day moving average), $175.83, $175.77 & 175.13/share price levels, with resistance at the $179.71 (200 day moving average), $179.78, $179.92 & $182.24/share (50 day moving average) price levels.
Let’s dive into some of the best & worst performing sectors & geo-locations based on this week’s technical performance rating data!
South Korea (KORU), U.S. Home Construction (ITB), United Kingdom (EWU) & Energy (ERX) Are All Bullishly Leading The Markets
KORU ETF – Direxion Daily South Korea Bull 3x Shares ETF’s Technical Performance Over The Past Year
Last week’s multiple gap up days have pushed their RSI to close to overbought conditions last week, with trading volumes being above average compared to the year prior.
Their MACD still looks strong, but with only 0.82% in the form of annual distribution for long-term share holders, it appears best to wait & see how they behave at support levels before entering or adding to a position (unless using options as insurance).
KORU has support at the $9.43, $9.25, $9.23 & $8.93 (10 day moving average), with resistance overhead at the $9.66, $9.96, $10.08 & $10.33/share price levels.
ITB ETF – iShares U.S. Home Construction ETF’s Technical Performance Over The Past Year
Their RSI had been relatively flat around 59 as they’ve been slowly building up from a consolidation period, but their MACD is not signaling near-term strength.
Add in their below average trading volumes of recent compared to the past year & it appears that market participants are not overly optimistic about ITB in the near-term.
With only a 0.73% cushion in the form of their distribution yield, unless using an options strategy it would be best to wait & see how they too behave at support levels in the coming weeks.
ITB has support at the $69.63 (10 day moving average), $68.55 (50 day moving average), $67.69 & $65.14/share price levels, with resistance at the $71.14 $73.66, $73.75 & $74.44/share price levels.
EWU, the iShares MSCI United Kingdom ETF has gained +2.21% over the past year, with +32.37% returns from their 52 week low in September 2022 (ex-distributions).
EWU ETF – iShares MSCI United Kingdom ETF’s Technical Performance Over The Past Year
Their RSI has just crossed out of overbought territory after a few weeks of strong price performance, but the lighter than average volume they’ve traded on recently shows there is still some reservations among investors in EWU.
While their MACD looks strong with the recent trend, it is beginning to also signal near-term consolidation, implying investors should be defensive.
EWU has a 3.13% distribution yield for long-term shareholders each year, but that will only provide protection from losses until the $32.52 price level, signaling it best to have an options strategy in place as insurance, or wait to enter after seeing their behavior at support levels.
EWU has support at the $33.18, $33.09, $33.05 (10 day moving average) & $32.35/share price level, with resistance at the $33.64 & $33.95/share price levels.
ERX ETF – Direxion Daily Energy Bull 2x Shares ETF’s Technical Performance Over The Past Year
Their RSI is on the overbought end of neutral, after a gap up two weeks ago propelled them ~+9%, but their MACD is beginning to hint at signs of near-term weakness & consolidation on the horizon.
ERX’s volumes have been far below average recently, which also suggests that there is limited good sentiment left in the near-term.
While their 2.53% distribution yield will reward long-term shareholders with a cushion, their behavior at support levels will be critical for establishing when it is wisest to enter, unless hedging with options.
ERX has support at the $64.34, $63.37, $62.54 & $62.45/share (10 day moving average) price levels & resistance at the $64.77, $65.12, $67.05 & $67.35/share price level.
Real Estate (VNQ), Space (UFO), Israel (ISRA) & MidCap Dividends (DON) Are All Bearishly Lagging The Market
VNQ, the Vanguard Real Estate ETF has dropped -21.88% over the past year, losing -28.4% from their 52 week high in April of 2022, but rebounding +8.75% from their 52 week low in July of 2022 (ex-distributions).
VNQ ETF – Vanguard Real Estate ETF’s Technical Performance Over The Past Year
Despite a recent rally in late March, VNQ’s MACD is signaling a bearish crossover is imminent & their RSI is trending bearishly away from the neutral level.
Recent trading volumes have been about average compared to the year prior, confirming the sentiment & while their distribution yield is 4.21%, this seems like a situation best to approach with caution in the near-term.
VNQ’s behavior at support levels will give clues into when an entry would be better (unless employing an options strategy), with support at the $79.69, $79.07, $77.16 & $76.86/share price levels & resistance at the $81.88, $82.13, $82.42 (10 day moving average) & $82.84.
UFO, the Procure Space ETF has lost -24.44% over the past year, which coincidentally was its high point in the past 52 weeks, but has rebounded +7.21% from their 52 week low in October of 2022 (ex-distributions).
UFO ETF – Procure Space ETF’s Technical Performance Over The Past Year
Their MACD is beginning to indicate a bearish rollover, but their RSI is still neutral.
Volume sentiment is tough to gauge, as this is not the most particularly liquid security, & their most recent price movements have been to consolidate in the $18.50-19 range since the end of March.
UFO pays a 2.36% distribution for long-term holders, which provides some relief, but there seems to be uncertainty on their horizon as well, making insurance against losses (buying puts or selling calls) & an eye on support levels for entry imperative.
UFO has support at the $18.59, $18.02, $17.55 & $17.48/share price level, with resistance at the $18.79, $18.86 (10 day moving average), $19.07 & $19.08/share price levels.
ISRA, the VanEck Vectors Israel ETF has declined -21.63% over the past year, shedding -23.96% from their 52 week high in April of 2022, but scraping back +3.94% from their 52 week low in March of 2023 (ex-distributions).
ISRA ETF – VanEck Vectors Israel ETF’s Technical Performance Over The Past Year
They too have an MACD flashing warnings signs, after consolidating into a $35-35.50 price range over the past few weeks.
Recent trading volumes have been below average compared to the year prior & their RSI is bearishly declining, signaling investors should be cautious & wait to see how they behave at support levels before creating a new position or adding to an existing one.
With only a 1.38% distribution yield for long-term holders, there is limited cushion for protection unless you employ an options strategy defensively to protect/profit from near-term losses.
ISRA has support at the $34.79, $34.48 & $33.77/share price level, with resistance at the $35.30, $35.44 (10 day moving average), $35.45 & $35.62/share price levels.
DON, the Wisdom Tree MidCap Dividend Fund ETF has lost -4.6% over the past year, falling -10.81% from their 52 week high in April of 2022, while gaining back +8.94% since their 52 week low in September of 2022 (ex-distributions).
DON ETF – Wisdom Tree MidCap Dividend Fund ETF’s Technical Performance Over The Past Year
Their recent volumes have been below average & their RSI is neutral, but their MACD is beginning to show signs of bearishly rolling over.
DON pays a 2.97% distribution yield, which provides some cushion for a price consolidation, but they too are in a “wait & see” period to see how they behave against their support levels in the near-term.
DON has support at the $40.72 (10 day moving average), $40.15, $40.14 & $39.92/share price levels & resistance at the $41.11 (200 day moving average), $41.36, $41.73 & $41.85/share (50 day moving average) price levels.
Tying It All Together
Next week kicks off with the Empire State Manufacturing data at 8:30 am on Monday, followed by Homebuilder Confidence Index data at 10 am & at 12:45 pm Richmond Fed President Tom Barkin speaks.
Tuesday we hear Housing Starts & Building Permits data at 8:30 am, with Fed Governor Michelle Bowman speaking at 1 pm.
Wednesday is the Fed Beige Book at 2 pm & New York Fed President Williams speaking at 7 pm.
Things pick up the pace Thursday with Initial Jobless Claims, Continuing Jobless Claims & Philadelphia Fed Manufacturing Survey data reported at 8:30 am, followed with Existing Homes Sales & U.S. Leading Economic Indicators at 10 am.
Thursday afternoon we hear from many Fed speakers, starting with Fed Governor Christopher Waller & Cleveland Fed President Loretta Mester speaking at 12 pm, Dallas Fed President Lorie Logan & Fed Governor Michelle Bowman speaking at 3 pm & at 5 pm Atlanta Fed President Raphael Bostic speaks.
Friday the week winds down with S&P Flash U.S. Services PMI & S&P Flash U.S. Manufacturing PMI data at 9:45 am & Fed Governor Lisa Cook speaking at 4:35 pm.
Additionally, there will be many notable earnings calls throughout the week including Monday’s Charles Schwab, J.B. Hunt Transport Services, M&T Bank & State Street reporting.
Wednesday we hear from Tesla, Abbott Labs, Baker Hughes, Discover Financial Services, IBM, Travelers, Morgan Stanley & Las Vegas Sands.
AT&T, Blackstone, American Express, Phillip Morris International, Seagate Technology & Rite Aid are set to report earnings on Thursday & on Friday we hear updates from Freeport-McMoran, SAP, Procter & Gamble, and more.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN SPY, QQQ, IWM, KORU, ITB, EWU, ERX, VNQ, UFO, ISRA, or DON AT THE TIME OF PUBLISHING THIS ARTICLE ***
Snap On Inc. Holding Co.’s stock trades under the ticker SNA & has shown recent bullishness that traders & investors should research further into for less volatile times in the market.
SNA stock closed at $238.91/share on 3/13/2023.
Snap On Inc. Holding Co. SNA Stock’s Technical Performance Broken Down
Snap On Inc. Holding Co. SNA Stock’s Technical Performance Over The Past Year
SNA Stock Price: $238.91
10 Day Moving Average: $237.67
50 Day Moving Average: $243.70
200 Day Moving Average: $226.10
RSI: 50.13
MACD: -1.631
Yesterday, SNA stock completed a bullish MACD crossover, gaining +0.41% on the day’s session.
Their RSI is neutral at 50 & recent trading volumes have been about average compared to the year prior.
After gapping up on Tuesday, their last few days of candlesticks are tightly consolidated in a ~1% range, signaling that investors & traders are anticipating downside moves in the near-term.
This makes it important for traders & investors to watch how SNA stock behaves around support levels in the coming weeks, as they eye a safer entry when times have become less volatile.
SNA stock has support at the $237.67 (10 day moving average), $231.89 & $230.33/share price levels, with resistance overhead at the $243.70 (50 day moving average), $243.94 & $247.74/share price levels.
Snap On Inc. Holding Co. SNA Stock As A Long-Term Investment
Long-term oriented investors will like SNA stock’s 14.02 P/E (ttm), but may find their 2.8 P/B (mrq) to be a bit too rich.
They recently reported 4.1% Quarterly Revenue Growth Y-o-Y, with 6.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $757.1M of Total Cash (mrq) & $1.27B of Total Debt (mrq).
SNA stock pays a 2.47% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.96%.
89.29% of SNA stock’s outstanding share float is owned by institutional investors.
Snap On Inc. Holding Co. SNA Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in SNA stock’s price, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 6/16 expiration date.
The $230, $220 & $200 calls are all in-the-money, listed from highest to lowest level of open interest.
The $250, $240 & $260 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
SNA stock has many interesting attributes that traders & investors will want to look into so that they can enter positions at better prices when market volatility has subsided.
Investors will like their sustainable dividend, as well as their balance sheet.
Traders will like their recent technical performance, as well as how liquid their options are compared to other names.
All-in-all, it is worth taking a closer examination into SNA stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SNA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Piper Sandler Companies stock trades under the ticker PIPR & has shown recent bullishness that traders & investors should research further into for when market volatility subsides.
PIPR stock closed at $134.18/share on 4/12/2023.
Piper Sandler Companies PIPR Stock’s Technical Performance Broken Down
Piper Sandler Companies PIPR Stock’s Technical Performance Over The Past Year
Yesterday, PIPR stock completed a bullish MACD crossover, gaining +0.32% on the day’s session.
Their RSI is neutral, with recent trading volumes being below average compared to the year prior, signaling investors are being cautious in how they value the stock.
While they closed above their 10 day moving average yesterday, the day’s hanging man candlestick signals more near-term volatility is on the horizon, so traders & investors should be watching their behavior at support levels to begin planning future entry points for when broader market volatility is lower.
PIPR stock has support at the $133.83 (10 day moving average), $133.53 & $132.41/share price levels & has resistance at the $141.93 (50 day moving average), $142.44 & $142.62/share price levels.
Piper Sandler Companies PIPR Stock As A Long-Term Investment
Long-term oriented investors will like PIPR stock’s 20.51 P/E (ttm) & their 2.25 P/B (mrq).
They recently reported -39.7% Quarterly Revenue Growth Y-o-Y, with -66.4% Quarterly Earnings Growth Y-o-Y, which prospective investors will want to research further into.
Their balance sheet looks appealing at first glance, with $705.6M of Total Cash (mrq) & $239.92M of Total Debt (mrq).
PIPR stock pays a 1.79% dividend, which appears to be sustainable in the long-run, as their payout ratio is 36.81%.
66.65% of PIPR stock’s outstanding share float is owned by institutional investors.
Piper Sandler Companies PIPR Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from PIPR stock’s price movements, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 6/16 expiration date.
There are currently no calls with strike prices in-the-money for this date, but that will likely change as there are 2 expiration dates in the meantime that may shuffle liquidity.
The $143.75 & $138.75 puts are in-the-money, with the former having more open interest than the latter.
Tying It All Together
PIPR stock has many interesting attributes that traders & investors will want to look closer into in anticipation of when markets become less volatile.
Investors will like their balance sheet, valuation metrics & sustainable dividend, but may want to review their recently reported growth metrics.
Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into PIPR stock to see how it fits into your portfolio strategy when the broader markets are less volatile.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PIPR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Hooker Furniture Corp. stock trades under the ticker HOFT & has shown recent bullishness that traders & investors may want to research further into for when market volatility subsides.
HOFT stock closed at $18.73/share on 4/10/2023.
Hooker Furniture Corp. HOFT Stock’s Technical Performance Broken Down
Hooker Furniture Corp. HOFT Stock’s Technical Performance Over The Past Year
HOFT Stock Price: $18.73
10 Day Moving Average: $18.54
50 Day Moving Average: $20.06
200 Day Moving Average: $17.00
RSI: 44.9
MACD: -0.471
Yesterday, HOFT stock completed a bullish MACD crossover, gaining +2.18% on the day’s session.
Recent trading volume have been slightly elevated compared to the average of the year before & their RSI is still in the neutral range after spending the last few weeks in a consolidation period.
Broader macro volatility signals are still abound, making it important to watch how HOFT stock behaves at its support levels to figure out where the best entry-point will be once markets become less volatile.
HOFT stock has support at the $18.54 (10 day moving average), $18.39 & $18.07/share price levels, with resistance at the $19.14, $19.34 & $19.82/share price levels.
Hooker Furniture Corp. HOFT Stock As A Long-Term Investment
Long-term oriented investors will like HOFT stock’s valuation metrics, with a 22.63 P/E (ttm) & a 0.8 P/B (mrq).
The $25, $22.50 & $20 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
HOFT stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics & dividend yield, but may want to dig deeper into their balance sheet for clues on how sustainable their dividend is.
Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into HOFT stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN HOFT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
