iBankCoin
Joined Jan 27, 2008
6,784 Blog Posts

What’s Working, And What’s Not

For a glance at what’s working, the 52-week high list can be found HERE. On the day, there were 153 stocks that made new highs today, a bullish sign indeed. As long as the market finds its footing here, the following should perform well over the next week.

My five favorites include the following, which can be summed up as internet/tech, steel, healthcare, and financials:

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On the flip side of things, should the market crater lower, here is what investors are throwing away, the 52-week low list, aka RETAIL. Be on the lookout for dangerous breakdowns in the following names:

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As always, come trade with us during market hours inside the Exodus trading room. The golden NUGTs are looking good right about now.

And, remember, the $RUT is your friend above 1200. All bets off below this number:

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Have a good evening all!

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$GOOGL Into The Stratosphere

$GOOGL is probably my favorite stock out there, period. The stock is busting through all time highs, on good volume, without a dip intraday.  This move is the beginning of a new leg for $GOOGL, one that likely takes this thing closer to $1000:

Here’s a look at the daily chart, giddy up!

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Here’s a seasonality chart of $GOOGL, courtesy of Exodus, which shows October is the best moth to own GOOGL:
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I will continue to hold my position long.

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Stocks To Watch Today

Despite the market trying to do the whole gap and crap today, here are a few names worth watching from today’s runner screen inside Exodus. I’ve imported the full screen HERE. Tickers of interest include: GPRO, HL, CTRP, SQ, MOMO, WNR, & TRIP

Here’s an updated look at the Russell 2000; 1200 holds for now:

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5 Stocks To Watch This Week

It’s time to sort out our Monday’s hybrid screen, which can be found inside Exodus, and produce a watchlist for the upcoming week. I’ve imported today’s screen to finviz for your viewing pleasure, you may review the results HERE.

Charts in focus heading into the week include:

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Be sure to check out this week’s top 50 Stocks.

 

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$NFLX NETFLIX SOARS AFTER EARNINGS

The growth story is very much intact, and this quarter proves it. Here are the hard numbers:

  • Q3 Revenue of 2.29 Billion, up from 1.73 billion in the year ago quarter and just ahead of the analyst consensus of 2.28.
  • Q3 Total streaming subs 86.74M, Net Additions 3.57M (est. 304K)
  • Q3 EPS: 12 cents vs .06 cents est.
  • Internationally, the company added 3.2 million subs, compared with its guidance of 2 million.
  • Netflix says they will invest in more content across multiple markets, intends to release 1,000 hours of premium original programming up from 600 prior year.

With a high short percentage and bullish technicals, it no surprise to see the stock up a cool 18% on Q3 numbers. Here’s a look at the action in after-hours:

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Note: Netflix Letter to holders showed “We finished the quarter with 1.3 billion in cash and equivalents. As we have done over the past few years, we plan to raise additional debt in the coming weeks.

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Earnings Season Kicks Into Gear; This Week’s Calendar

Monday:

Bank of America Corp
Hasbro Inc
Netflix Inc

Tuesday:

Charles Schwab Corp
Cree Inc
Domino’s Pizza Inc
Goldman Sachs Group Inc
Intel Corp
Interactive Brokers Group Inc
Intuitive Surgical Inc
Johnson & Johnson

Wednesday:

American Express Co
Core Laboratories NV
eBay Inc
Las Vegas Sands Corp
Morgan Stanley
Steel Dynamics Inc
U.S. Bancorp

Thursday:

Bank of New York Mellon Corp
Dunkin’ Brands Group Inc
Fifth Third Bancorp
NetSuite Inc
Southwestern Energy Co
Verizon Communications Inc

Friday:

General Electric Co
McDonald’s Corp

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