Trade of the Week
ETF Sector Relative Strength Corner: Metals Group Primed to Rise into Seasonal Strength
SPDR S&P Metals & Mining ETF (XME) - This ETF offers a way to access U.S. companies engaged in the extraction of metals and other natural resources. As such, XME can be useful as a tool for tilting portfolio exposure towards the mining sector or betting on a...
Credit Spread in Transport Leader Ready to Rebound From Base
FedEx (FDX) is a $270.5B logistics leader that trades at 10.1x earnings, 0.7x sales, FCF yield of 5.6% and dividend yield of 1.9%. The stock has formed a nice, inverted bottoming pattern the past several months and has a coiled weekly squeeze as it reenters yearly...
Aerospace Name Sets Up Inside Week Breakout
Seasonal Stock Setup: Food Distributor Sees Seasonal Tailwind in August
Sysco (SYY) is a $44B company that trades at 19.9x earnings, 0.7x sales, with a dividend yield of 2.3% and short interest is 2.2%. The stock has a strong seasonal history in August with 7 of the last 10 years higher for an average return of +5.3%. This is the...
Seasonal Stock Setup: Med Tech Leader Has Bullish Tailwind Through Summer
Medtronic (MDT) is a $122.1B company that trades at 16.2x earnings, 4.2x sales, with a dividend yield of 2.8% and short interest is 0.7%. The stock has a strong seasonal history in July and August with 4 of the last 5 years higher for an average return of +3.2% and...
ETF Sector Relative Strength Corner: Financial Group Poised for Continuation Rebound
SPDR S&P Bank ETF (KBE) - This ETF offers exposure to U.S. banking institutions, delivering access to a narrow slice of the financial sector that has historically exhibited significant volatility but is capable of turning in big performances over a short period of...
Credit Spread in Software Large Cap with Multi-Week Base
Service-Now (NOW) into earnings already issued cautious commentary which may take the reaction of any negative news out of shares while leaving room for optimism. NOW shares have based on the 200-week moving average since May as a key level of support and seeing...
Software Leader Nears Volume Pocket Breakout for Quick Trade Potential
Seasonal Stock Setup: Auto Retailer Forming Wedge During Strong Calendar Month
Carmax (KMX) is a $15.4B company that trades at 16.5x earnings, 1.0x sales, and Short interest is 7.1%. The stock has a strong seasonal history in July with 8 of the last 10 years higher for an average return of +4%. This is the strongest calendar month outside of...
Seasonal Stock Setup: Retail Leader Back in Uptrend with Seasonal Tailwind
Costco Wholesale (COST) is a $230.4B company that trades at 36.3x earnings, 1.0x sales, 2.8% FCF yield and a 0.7% dividend yield. Short interest is 0.9%. The stock has a strong seasonal history in July with 9 of the last 10 years higher for an average return of +4.9%....