CVS Health (CVS) is down sharply Friday — about 10% — in response to reports that it’s in talks to acquire primary care chain Cano Health (CANO) and a Medicare Advantage plan downgra...
Tag: Bruce Kamich
Will AMD Stock Ever Make a Bottom?
Semiconductor maker Advanced Micro Devices (AMD) issued a third-quarter revenue warning Thursday after the close of trading. Let’s check on the charts and indicators again. Our last review on Se...
Marathon Oil Has the Stamina to Run Even Higher
Marathon Oil (MRO) looks like it is “off to the races” again as it has surged sharply higher in recent days. Let’s check the charts and indicators to see if we need to jump in now or...
Sorry, This Bear Market Is Probably Only Two-Thirds Over
Stocks rallied sharply Monday and Tuesday and a number of Real Money subscribers emailed me asking whether it was time to move back into stocks. The question is understandable as I have been recommend...
Carnival Is Taking on Water: Time to Bail?
By BRUCE KAMICH Oct 03, 2022 | 09:13 AM EDT Stocks quotes in this article: CCL Cruise line operator Carnival Corp. ( CCL) was down 23% Friday on very heavy volume. Let’s check the stock’s...
AMD’s Prices Are Micro Now, Too
Shares of chip maker Advanced Micro Devices (AMD) have traded lower since early December, but investors have not been attracted to the long side. Unfortunately further declines look likely in the mon...
GE Doesn’t Just Have Supply Chain Issues
The CFO of General Electric (GE) told shareholders and analysts Thursday evening that the supply chain was putting pressure on margins and free cash flow. Let’s check and see how that is playing...
Oracle Sends Mixed Technical Signals Ahead of Earnings
Oracle Corp. (ORCL) is scheduled to release its first-quarter results after the close of trading here on Monday, so let’s check on the charts and indicators of the computer technology giant to ...
Virgin Galactic Has Been Grounded
By BRUCE KAMICH Sep 09, 2022 | 09:26 AM EDT Stocks quotes in this article: SPCE Virgin Galactic Holdings ( SPCE) has lofty goals but the charts are looking like they will be stuck on the ground for th...
What’s Next for Intel as It Reaches Our Downside Price Target?
The charts of chipmaker Intel (INTC) were reviewed back on July 29 where we noted a Point and Figure chart target of $30. INTC has reached that downside price objective so let’s check on the cha...
NextEra Energy Gets a Fundamental Supporter
NextEra Energy (NEE) owns Florida Power & Light Company, which is America’s largest electric utility that sells more power than any other utility. A major sell side firm upgraded the compan...
Has the Correction in Freeport-McMoRan Run Its Course?
By BRUCE KAMICH Sep 02, 2022 | 11:15 AM EDT Stocks quotes in this article: FCX Copper miner Freeport-McMoRan ( FCX) declined sharply along with copper prices from April to July but now stock prices ma...
Broadcom’s Charts Don’t Offer Much Comfort Ahead of Earnings
Broadcom (AVGO) shares are edging lower in pre-market trading here on Thursday ahead of the chipmaker’s third-quarter results after the closing bell. Broadcom is expected to post eanrings of $9....
Plug Power Charges Ahead (And Potentially Much Higher) Amid Amazon Deal
Shares of hydrogen supplier Plug Power (PLUG) surged Thursday on the heels of an announcement of a green hydrogen supply deal with online retail giant Amazon (AMZN) . In our July 7 review of PLUG we w...
IBM Gets a Quant Downgrade, But Here’s What the Charts Reveal
Shares of IBM (IBM) were downgraded Tuesday by TheStreet’s Quant Ratings service. Let’s check the charts to see if what the technicals say. In the daily bar chart of IBM, below, we can see...
Upstart Holdings Isn’t a Stock to Hold on the Cusp of Earnings
By BRUCE KAMICH Aug 08, 2022 | 07:59 AM EDT Stocks quotes in this article: UPST Upstart Holdings Inc. (UPST) is expected to report its second-quarter results after the close of trading here on Monday....
Here’s Why Apple Has Me Nervous About the Stock Market
By BRUCE KAMICH Aug 04, 2022 | 11:36 AM EDT Stocks quotes in this article: COST, AAPL Real Money readers may remember a story I wrote about Costco ( COST) on July 26 where I discussed a possible risin...
Bad News Gives Intel a Black Eye, But It’s No K.O.
We wrote a story on Intel (INTC) on June 8 with a headline of ” Intel is Putting Its Negative News Behind It,” and concluded that, “I learned early in my career to pay attention whe...
Costco Gaps Lower, Gives This Technical Analyst a Rare Treat
By BRUCE KAMICH Jul 26, 2022 | 01:23 PM EDT Stocks quotes in this article: COST, WMT Costco Wholesale Corp. ( COST) gapped lower Tuesday on the heels of Walmart’s ( WMT) bearish guidance late M...
AMD Could Rally 30% From Here
Advanced Micro Devices (AMD) has weakened since late November. The shares were trading around $160 and subsequently fell to near $70 in early July — a rude awakening for buy-and-hold investors. ...
New Stock Sale Sinks Carnival Corp
Carnival Corp (CCL) announced a $1 billion common stock offering Thursday and traders reacted with sell orders. CCL was recently down about 10% on heavy trading volume. Let’s check out the chart...
Cleveland-Cliffs’ Charts Look Uninspired Ahead of Earnings
By BRUCE KAMICH Jul 21, 2022 | 08:16 AM EDT Stocks quotes in this article: CLF Steel producer Cleveland-Cliffs ( CLF) is scheduled to report its second-quarter results Friday morning. In our April 22 ...
AT&T Looks Impressive to a T Ahead of Earnings
AT&T (T) has struggled and made missteps in the past but we want to be forward looking. The company is scheduled to report earnings before the opening of trading Thursday, so let’s check out...
Is Tilray Going Up in Smoke?
Shares of cannabis company Tilray Brands (TLRY) soared quickly to around $300 back in 2018 but today trade for just a touch above $3 — a rude awakening to buy-and-hold investors who looked for g...
Looking at Copper and Freeport-McMoRan, Everyone Is Ignoring a Huge Issue
Every media outlet has written in recent weeks about the “rapid demand destruction in commodities” but I think they are missing a key conclusion. Let’s dive into the charts and I&...
Coupang Could Make a Bigger Trading Bounce
Coupang, Inc. (CPNG) is a South Korea-based e-commerce company founded by Bom Kim back in 2010 and it got a favorable nod by a sell side firm Friday. Let’s check out the charts and indicators. ...
Bitcoin Tumbles Towards Washout as Crypto Enters ‘Get Me Out’ Phase
In our June 13 review of bitcoin futures we gave a sober outlook for prices including a price target: “In this daily Point and Figure chart of bitcoin, below, we can see the breakdown and a pric...
Carnival Traders Are Voting With Their Feet
A fundamental analyst at a major sell side firm cut their price target on cruise line operator Carnival Corp (CCL) to $7 and made a bearish case for the stock going to $0 (zero). Pretty drastic. Let&#...
Should You Buy Micron Technology Ahead of Earnings?
By BRUCE KAMICH Jun 27, 2022 | 12:20 PM EDT Stocks quotes in this article: MU Micron Technology ( MU) made a high back in December and then has traded lower into June. The shares are trading below the...
Shopify Is Showing Us Bottoming Action From May
In our April 25 review of Shopify (SHOP) we wrote that “Traders should continue to avoid the long side of SHOP. We are likely to see a better buying opportunity in the months ahead.” Has t...
Has Crude Oil Made an Interim High?
Everyone is watching the price of crude oil. Everyone is sensitive to the latest price at the pump. Housewives, truckers, CEOs and even me. Everyone. This issue is a global phenomenon and if crude oil...