Trade of the Week
ETF Sector Relative Strength Corner: Beaten Down Tech Group Putting in Higher Low
KraneShares CSI China Internet ETF (KWEB) - This China Tech fund is the only ETF on the market that offers pureplay exposure to Chinese software and information technology stocks that are China’s answer to U.S. firms like Amazon and Facebook. The group was really hit...
Credit Spread of the Week: Relative Strength Retailer Pulling into Large Support
Target Corp (TGT) - TGT is a $106.01B general merchandise retailer selling products through its stores and digital channels. Target has held up quite well in the market mess of 2022, actually flat YTD and has rebounded nicely from its February lows to back above the...
Seasonal Stock Setup: Healthcare Name Quietly Up Trending into Strong Calendar Month
McKesson (MCK) – MCK is a $48B global leader in healthcare supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information solutions. MCK has one of the cleanest uptrends in the market this year as lower beta...
Seasonal Stock Setup: Clean Uptrend Continuing to Highs in Trash Leader
Waste Management (WM) – WM is a $69.5B leading provider of comprehensive waste management environmental services in North America, providing services throughout the United States and Canada. Through its subsidiaries, the Company provides collection, transfer, disposal...
Seasonal Stock Setup: Defensive Real Estate Operator Pulling Back Within Uptrend
Crown Castle (CCI) – CCI is a $81.67B property owner that operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of...
ETF Sector Relative Strength Corner: Blue Chip Low Beta Fund a Place to Seek Stability
Invesco S&P 500 Low Volatility ETF (SPLV) - This ETF tracks an index consisting of some of America’s largest companies. As a result, investors should think of this as a play on mega and large cap stocks in the American market. These securities are usually known as...
Bearish Setup in Tangential Play on Connected TVs, Ad Spend
Trade Desk (TTD) shares rejected at the declining 21- and 55-EMA last week and now nearing a multi-week break without much notable support until the March lows near $50. TTD has been a relative laggard since November and a breakdown under $50 would crack a significant...
Credit Spread of the Week: Diversified Metals Producer Offering Bounce Entry
Newmont Corp (NEM) - NEM is a $59.1B world leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America,...
Seasonal Stock Setup: Quick Service Restaurant Name Making New 50 day Highs
Yum Brands (YUM) – YUM is a $35.8B fast food service operator that has over 50,000 restaurants in more than 150 countries and territories primarily operating the Company's KFC, Pizza Hut, and Taco Bell brands - global leaders of the chicken, pizza, and Mexican-style...
Seasonal Stock Setup: Value Healthcare Name Nearing Fresh Breakout
CVS Health (CVS) – CVS is a $139.31B is a diversified health services company with nearly 300,000 employees united around a common purpose of helping people on their path to better health. The Company's segments include Pharmacy Services, Retail/LTC, Health Care...