Trade of the Week
Seasonal Stock Setup: Industrial Value Name Bottoming Into Strong Calendar Month
Johnson Controls (JCI) – JCI is a $39.4B diversified industrial company that engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. The company trades at...
ETF Sector Relative Strength Corner: Beaten Up Builders Rebounding Into Potential Yield Dip
iShares U.S. Home Construction ETF (ITB) - This ETF offers exposure to the U.S. homebuilding industry, and as such offers exposure to a corner of the domestic economy that tends to be cyclical in nature. In addition to pure play homebuilders, this fund includes...
Credit Spread of the Week: Bear Call Spreads Into Resistance for Broken Industrial
Deere (DE) - DE is a $110B farm machinery leader that held up very well in the first 4 months of the year but since late April has broken trend and is below all key moving averages. After its big gap down on earnings a few weeks ago it has now rebounded back to...
Seasonal Stock Setup: Memory Device Maker Clearing Trendline Break
Micron (MU) – MU is a $84.17B industry leader in innovative memory and storage solutions. The stock has positive seasonal stats in May and June with 7 of the last 10 years showing bullish returns for average gains of +3.7% in June. The Semi sector overall has positive...
Seasonal Stock Setup: Healthcare Leader Breaking Out into Strong Calendar Months
Eli Lilly (LLY) – LLY is a $286.4B drug manufacturing company. The Company is engaged in the discovery, development, manufacturing, marketing, and sales of pharmaceutical products across the world. The Company's diabetes products include Baqsimi, Basaglar, Humalog,...
Pharma Innovator Climbing Higher into June
Gilead (GILD) – GILD is a $81.34B biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to...
ETF Sector Relative Strength Corner: Materials Coiling in Large Weekly Consolidation
Materials Select Sector SPDR ETF (XLB) - This ETF is one of several funds offering exposure to the U.S. materials sector, a corner of the market that may be appealing for investors looking to gain indirect exposure to commodity prices through the stocks of companies...
Credit Spread of the Week: Internet Information Leader Bouncing Off Key Support
Alphabet (GOOGL) - GOOGL is a $1.523T internet search leader with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, Google Cloud and YouTube. The stock nearly hit its big 50% fibonacci retracement from the COVID lows to the...
Seasonal Stock Setup: Global Materials Producer Clearing Key Level into Summer Strength
Vale S.A. (VALE) – VALE is a $88.1B global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Brazilian company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer...
Seasonal Stock Setup: Crude Oil Fund Coiling in High Tight Flag
US Oil Fund (USO) – USO is a $2.8B oil fund that tracks the daily price of crude oil. The investment objective of USO is for the daily changes in percentage terms of its shares' per share net asset value (NAV) to reflect the daily changes in percentage terms of the...