TEVA Stock Could Be in Trouble Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) saw its TEVA stock plunge 5.5% after the company issued an update on its 2017 fiscal year earnings guidance on Friday morning. The company provided a lower-than-expected earnings-per-share guidance at $4.90–$5.30 for the year, which is…
Trivago Stock Goes Public The Trivago IPO (Trivago N.V. (NASDAQ:TRVG)) comes in priced below the projected range, but gained nine percent by Friday afternoon. The Trivago IPO was priced at $11.00 per share, with 26.1 million American depositary shares offered. This is down from the $13.00 to $15.00…
Apple Could Metamorphose into a Technology Dinosaur Apple Inc. (NASDAQ:AAPL) announced a few weeks ago that its radical new "AirPods" earplugs are available for sale. My response, along with many others was: so what? While I may be somewhat sarcastic, I'm also left wondering when CEO Tim Cook…
Is DRYS Stock Back? It wasn't so long ago that DryShips Inc. (NASDAQ:DRYS) was having an over-200% climb in one day. A short month after that, DRYS stock was peaking near the $100.00 mark, up from single digits, only to be brought right back down to earth again…
Is Apple Stock Set to Skyrocket? Despite being one of the most profitable companies on the planet, some investors continue to remain bearish on Apple Inc. (NASDAQ:AAPL). But for brokerage firm Drexel Hamilton, LLC, Apple stock is only heading upward. One analyst has set a price target of $185.00,…
Activision Blizzard, Inc. (NASDAQ:ATVI) is the world’s leading developer and publisher of online and console ("X-Box," "PlayStation," etc.) video games. The game franchises that ATVI owns include Call of Duty, Candy Crush, Destiny, Diablo, Farm Hero, Guitar Hero, Skylanders, StarCraft, and World of Warcraft. Activision’s titles are among the…
Markets will end up higher this year, but well off the gains of 2009. On the plus, the S&P 500, NASDAQ and Russell 2000 are holding above their previous chart highs, while the DOW is off 0.05% below its previous chart high. Failure to hold above the previous…
It’s looking like the main stock market averages are hitting key resistance levels as they continue with their upward bias. Trading volume has been mediocre, but, then again, it’s been that way since the financial crisis. What the stock market really needs is a good catalyst—a positive catalyst…
If there is one investment to avoid in 2011, it will be bonds. Why? Simply because interest rates are headed higher in 2011. No, we won’t see a spike in short-term interest rates. The Fed will not let that happen. But the Fed cannot control long-term interest rates.…
If you need sure-bet plays in retail, you have to stick with Wal-Mart Stores, Inc. (NYSE/WMT) and Costco Wholesale Corporation (NASDAQ/COST). Costco delivered with strong results on Wednesday, after posting earnings of 312 million dollars, or $0.71 per diluted share, above the consensus estimate of $0.69 per diluted…
The bulls appear to be in full control at this juncture. On the charts, the NASDAQ has joined the Russell 2000 to move above their respective previous chart highs. This is bullish, but we need to see if the indices can hold. Small-caps continue to outperform, with the…
What a month December has been so far for the stock market. The Dow Jones Industrial Average is up 3.5% in the first two days of December—its biggest two-day rally since July. What’s fueling the rise in stock prices? Several factors. First and foremost, investors have nowhere else…
I’m looking at the major business newspapers this morning and I see one big story missing from page one of these newspapers, “Dow Jones up 250 points yesterday, single-day gain of 2.3%!” Yesterday’s big rise in the Dow Jones Industrial Average is very significant for the stock market.…
The S&P 500 Index has broken solidly below 1,200, and the trading action is the correction that the market’s required. I’d like the trading action to spread to commodities so investors could have another entry point. I think 1,150 seems likely on the S&P 500 index and an…
Volatility abounds and it is coming from every which direction. The Eurozone’s fiscal problems unfortunately persist. Inflation has become a real threat in China and other emerging markets. The U.S. Federal Reserve’s second round of quantitative easing is controversial and, as such, has only dialed the knob on…
The majority of the news is on Ireland and the fear that the debt issues there could spread throughout Europe and further dampen growth there. But I have talked enough about Europe and will swing my focus to China—my favorite growth region for growth investors looking to increase…
Important economic news and my analysis to share with PROFIT CONFIDENTIAL readers: Jobless claims in the U.S. declined to 407,000 last week, according to the Labor Department, the lowest level since July 2008. My take: The economy is clearly improving. If the jobless claims are falling, then the…
I want to stay on the topic of large-caps for a while. Owning solid, dividend-paying stocks in the age of austerity is going to be a decent strategy, unless interest rates skyrocket and cash begins to pay more than stocks (always a possibility down the road, but not…
A company like Caterpillar Inc. (NYSE/CAT) has got to be one of the ultimate benchmark stocks to follow. If business is good in the global economy, so is business at Caterpillar. This stock is hitting new 52-week highs, and it has been a tremendous wealth creator since the…
The Fed has really been put through the ringer after it decided to push its way into the Treasury market one more time and unleash Quantitative Easing II (QE2) onto the U.S. financial systems in an effort to keep interest rates low and stimulate lending, borrowing and spending.…
