Trade of the Week
ETF Sector Relative Strength Corner: Low Volatility, High Yield Group Powering Into Weekly Breakout
Utilities Select Sector SPDR ETF (XLU) - The XLU Utilities ETF is one of the most popular options for investors looking to gain exposure to the U.S. utilities sector, a corner of the domestic stock market known for relatively low volatility and relatively high...
Credit Spread of the Week: E-Commerce Heavyweight Hammering Out Bottom
Amazon (AMZN) - AMZN is a $1.45T internet e-commerce leader which just announced its long anticipated stock split. Although the split is not effective till June it was well received in a weak market overall. AMZN closed the week well off its lows near 2700 and put in...
Seasonal Stock Setup: Relative Strength Retailer Coiling Ahead of Strong Spring History
Costco Wholesale (COST) – COST is a $213.5B wholesale leader in the consumer discretionary sector. The stock has had a great past year being up over 66% year over year even after the recent pullback off highs which held just ahead of the 200 day EMA near 470. COST has...
Seasonal Stock Setup: Data Communications Small Cap Poised to Break Higher
Iridium Communications (IRDM) – IRDM is a $4.7B tech company engaged in providing mobile voice and data communications services using a constellation of orbiting satellites. It provides voice and data communications to business, the US and foreign governments, and...
Seasonal Stock Setup: Defensive Pharma Leader Coiling in Wedge Into Strong Spring Time
Merck (MRK) – MRK is a $202B Pharma stock within the Healthcare sector that is holding up fairly well in a rocky market. The stock sports some stronger seasonal history in March and April as well, over the last 10 years being up 7 of those 10 March/Aprils with an...
Seasonal Stock Setup: Staple Name with Overhead Gap to Fill Into Earnings and Strong Season
Campbell’s Soup (CPB) – CPB is a $13.6B food and beverage stock with a 3.23% dividend yield and it reports earnings on 3/9 before the market opens. A fairly low beta name that has been consolidating between 40-46 since last summer where it has a gap from earnings up...
ETF Sector Relative Strength Corner: Agribusiness Group Breaking Out of One Year Base Pattern
VanEck Agribusiness ETF (MOO) - The MOO agriculture ETF is a well diversified basket of equities giving investors global exposure to the agriculture business. MOO’s holdings are primarily in developed regions, although the ETF has some emerging market exposure in...
Credit Spread of the Week: Top EV Leader Ready to Rebound from Bull Wedge
Tesla (TSLA) - TSLA is a $947B leader in electric vehicles and one of the few growth stocks which can say they are still up positive year over year as the stock was much closer to 600 this time last year before its wild run up to 1240 in the Fall. TSLA still has an...
Seasonal Stock Setup: Healthcare Leader Showing Relative Strength Poised for New Highs
United Healthcare (UNH) – UNH is a $434B healthcare services company that is one of the largest weightings in the price weighted Dow Industrials based on its stock price. The stock has performed quite well relatively speaking in 2022 only slightly lower from its...
Seasonal Stock Setup: Construction Name Back in Uptrend into Spring Seasonal Strength
Builders Firstsource (BLDR) – BLDR is a $12.8B residential construction builder and supplier of building products, components, and value added services. After a strong 2021 more than doubling its share price the stock pulled back to start 2022 with many homebuilders...