Alphabet Class A
- ExchangeNASDAQ Stock Market
- SectorSoftware & Computer Services
- CountryUnited States
Key Points: â€¢ A number of names in the Communications Sector are showing signs of leadership. (ex. GLUU, TWTR, GOOGL, NYT, and NWSA) â€¢ Consumer Discretionary continues to have a number of attractive names technically. (ex. TPR, LGIH, DHI, VSTO, RGR, PENN, SGMS, BYD, BJRI, BKE, EBAY, SIG, HAIN, and ENR ) â€¢ A number of Financial Sector names appear to be perking up. (ex. JHG, INTL, EVR, GHL, ARR, and CINF)
Bullish Outlook Intact Amid rising Middle East tensions, investors have moved to safe-havens including Treasuries and gold, all while having a muted effect on the US equity market. At this point in time, the rising tensions have done virtually no damage to the bullish trends and indicators that continue to dominate the market. We remain bullish. â€¢ 10-Year Treasury. The 10-year yield has fallen to logical support at the uptrend or 1.75%, a level we expect to hold. A breakdown would raise concerns of a deeper pullback for US equities... see chart below. â€¢ Gold Testing Key Resistance. Gold...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
STRATEGY: Rotations in Progress As we write this, fears of a reprisal attack by Saudi Arabia are being priced into the markets. Oil is surging on the back of the largest ever supply disruption in history. Investment managers are likely caught on the wrong side of the Energy Sector move and were very underweight as the Sector's performance has, year-to-date, been nothing but an anchor on performance. The age old adage of â€œparabolic moves often don't end wellâ€ can be applied to those areas going in either direction, up or down. These events as we have seen throughout history often mark a...
The S&P 500 continues its march higher, however the troops have been unable to keep up with the generals and with this is an ounce of concern. Sending the generals into battle often ends up with no more leaders. Our view of the markets is to deploy a barbell approach of growth and safety. While growth continues to outperform, it does so without the small-caps. Meanwhile utilities and staples continue to march just behind the growth areas of the market, and have been unable to reach new RS highs since the December decline. In this report we detail our investment thesis and outlook for U.S. equi...
Higher stocks, higher Tech, a stable USD vs DM and a controlled slide in US rates have made Q3 a (mostly) happy quarter. Q4 should be less so - or at a minimum, more variable. The potential exists for some surprising adverse price moves, in some even more surprising names and places. Strong possibilities of being seen in Q4 are 1600 in AMZN and 1000-950 in GOOGL. The other expected event in Q4 is an acceleration higher in yields, with US 10-Year notes setting up for a surge to 3.40-3.50%. See GMR Special Q4 Report for the path that leads there.
Japan Market Comment by Pelham Smithers, Julie Boote and Joel Scheiman Nikkei Â¥21,724.47 (-Â¥343.77 / -1.56%); Topix Â¥1,740.20 (-Â¥28.04 / -1.59%); Â¥/$106.84 Tags: Takeuchi Mfg (6432 JP), Daifuku (6383 JP), Daikin (6367 JP), Start Today (3092 JP), iStyle (3660 JP), Spotify (pvt.), Sony (6758), Apple (AAPL US), Google (GOOGL US), ABC, CBS (CBS US), Fox (FOX US), NBC, Bosch, GS Yuasa (6674 JP), Mitsubishi Corp. (8058 JP), SEEO, Mitsubishi Motors (7211 JP), Nissan (7201 JP), Panasonic (6752 JP), Toyota (7203 JP), Mahindra & Mahindra Limited (M&M, NSE), LG Chemical (051910 KS), Asahi Kasei (34...
ALPHABET INC (US), a company active in the Internet industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date July 21, 2020, the closing price was USD 1,555.92 and its expected value was estimated at USD 1,447.10.