A New CEO Could Break this Stock Out of Its Stuck Range
There’s nothing wrong with a company trading in a range, moving up a little and down a little, but mostly unchanged over time. But investors who look for catalysts can likely find hints as to whether a company will break out of its range higher or lower. Right now, one range-bound stock is also one of the biggest out there. Shares of Amazon (AMZN) have been stuck in the low $3,000 range after a massive rally over the past few years. Now, ...
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Another Share Drop Following Strong Earnings Points to a Rebound Opportunity
It’s a simple trading strategy: Find a company that’s performing well and just posted great quarterly earnings numbers. Then, if shares drop because the company’s guidance isn’t bullish enough, buy the dip and wait for the rebound, following the fundamentals. That’s as strategy likely to pay off well in this market throughout earnings season. One such trade has already presented itself in Walgreens Boots Alliance (WBA). The drugstore chain posted great growth, but shares got knocked down last week following earnings anyway ...
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Continued Upside in Value Stocks Could Reward Investors with Some Fizz From this Flat Performer
The first half of the year saw a slowdown in tech stocks, and better relative strength in value names. While growth has started to rise in recent sessions, investors who continue to invest in both growth and value can do well in this market. Some of the best values may be in value names that have now underperformed over the past year. Any positive surprises in such a company may result in a jump higher in shares with low downside risk. One ...
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Stocks In This Sector Are Firing on All Cylinders, and Rewarding Shareholders
A number of sectors are looking strong going into the back half of the year. In one sector, costs are going down, expenditures look likely to drop, and prices remain robust, which makes for an attractive move going forward. The sector? Oil and natural gas. A number of companies are looking good as OPEC is set to meet on production, with oil potentially capable of seeing oil hit $100 per barrel. Case in point is ConocoPhillips (COP). The energy giant just increased ...
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Everyday Low Prices Come to the Prescription Drug Market
Even when inflation rates weren’t rising at multi-year highs, prices for some goods have been rising far higher than the national average. One of the biggest areas with increasingly higher prices has been in drug costs. Enter Walmart (WMT). The retail giant is now offering a private-label insulin. The diabetes drug is priced at nearly 50 percent lower than brand names, potentially saving users thousands of dollars per year. The company’s ReliOn NovoLog brand of insulin vials and pens has started being ...
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This Tech Play Joined the Trillionaire Club, and Still Has Room to Rally
Big tech companies have been in the spotlight over a number of their business practices. While the jury is still proverbially out on more regulation for big tech, one judge recently threw out a lawsuit against Facebook (FB). The lawsuit was an FTC complaint regarding a number of antitrust complaints, given the company’s anti-competitive nature. Shares of the social media firm rallied on the news, allowing the firm to hit a $1 trillion market cap for the first time. There’s likely room ...
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It’s Still a Low-Yield World, So Buy Dividend Stocks That Do This
With inflation running at annualized rates near 5 percent right now, the notion of locking up money in a 10-year government bond that pays just 1.5 percent seems ridiculous. But rather than go all the way up the risk scale, investors looking for income can find better starting yields and even find opportunities to grow that income over time. But instead of the bond markets, those with a multi-year time horizon will likely do best with dividend growth stocks. With many companies ...
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Media Merger Rumors Show Value in Two Companies
The stock market has always been rife with rumors. From big players talking up positions or trying to talk down a shorted stock, it’s part of the great game. This week, merger speculation occurred that Comcast (CMCSA) was looking to merge or buy out a number of smaller players. While Wall Street analysts are trying to downplay these rumors, the possibility has been floated that the cable giant turned media powerhouse is looking to buy up either Roku (ROKU) or ViacomCBS ...
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