Trade of the Week
Seasonal Stock Setup: Digital Banking Name Near Weekly Trendline Breakout
NCR Corp (NCR) – NCR is a $5.7B leading software- and services-led enterprise provider in the financial, retail and hospitality industries. The stock has been consolidating in a long sideways to down pattern since last Fall and has found its base around its yearly...
Seasonal Stock Setup: Global Food Service Retailer Trending Up Through April
McDonalds (MCD) – MCD is a $185.7B leading global foodservice retailer with over 39,000 locations in over 100 countries. Approximately 93% of McDonald's restaurants worldwide are owned and operated by independent local business owners. MCD has strong seasonal bias to...
ETF Sector Relative Strength Corner: Diversified Property Industry Showing Appeal in Choppy Market
iShares U.S. Real Estate ETF (IYR) - This ETF offers exposure to the real estate industry within the U.S. equity market, an asset class that has been recently overlooked by many investors following the unprecedented housing crisis. IYR follows the Dow Jones U.S. Real...
Credit Spread of the Week: Leisure Experience Leader Building Bull Pennant Higher into Summer
Live Nation Entertainment (LYV) - LYV is a $25B leader in live entertainment composed of global market leaders: Ticketmaster, Live Nation Concerts and Live Nation Media & Sponsorship. The company is bullish on 2022 concert demand despite the ongoing Russia/Ukraine...
Seasonal Stock Setup: Leading Permian Basin Oil Producer Ready to Squeeze Higher
Occidental Petroleum (OXY) – OXY is a $55.8B international energy company with assets in the United States, Middle East, Africa and Latin America. It is one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and...
Seasonal Stock Setup: Rural Lifestyle Retailer Showing Relative Strength Near Highs
Tractor Supply (TSCO) – TSCO is a $23.8B discretionary retailer specializing as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle. The stock sometimes trades with the Agriculture and farming sector which has been a...
ETF Sector Relative Strength Corner: Med-Tech Group Nearing Weekly Breakout
iShares U.S. Medical Devices ETF (IHI) - This ETF focuses on an interesting and often forgotten segment of the healthcare industry, the medical device makers. Companies in this segment tend to have more stable revenue streams, less issues with patent pipelines, and...
Credit Spread of the Week: Healthcare Device Name Rounding Out Bottoming Base
Abbott Labs (ABT) - ABT is a $222.5B medical device and diagnostics healthcare company. The stock has recently broken above its 55 EMA and 200 day EMA near 122.50 after a correction from highs to start the year. RSI has cleared a downtrend line also pointing to the...
Seasonal Stock Setup: Integrated Energy Leader Forming High Tight Flag in Strong Trend
Chevron (CVX) – CVX is a $244.64B oil company primarily engaged in Downstream operations consisting of refining of crude oil into petroleum products; marketing of crude oil, refined products and lubricants. The big cap energy stocks have held up quite well even as the...
Seasonal Stock Setup: Athletic Apparel Innovator Flagging Near 200 Day
Lululemon (LULU) – LULU is a $38.84B manufacturer of yoga-inspired athletic wear. The company's products include performance apparel and accessories for women, men, and young girls. LULU reported solid earnings last week and gapped up above its 200 day EMA. It has...