Tag: Mid-Day Report

This Stock Could Outperform The Market In The Next Three Months

Posted on by The INO.com Team

October proved to be a spectacular month for stocks with the best gains seen since the third quarter of 2011. Historically, the last quarter proves to be a good one for stocks. That is not a guarantee that stocks will go higher, but historically since 1949, stocks have averaged a gain of 4% in Q4. That is followed by a strong Q1 with the average gain of 2%. History is all well and good, but it doesn't necessarily repeat itself in a very systematic fashion every single year.

Here's the stock that I think can do very well in Q4. The stock is TE Connectivity Ltd. (NYSE:TEL). Presently this stock is trading around the $64.90 area and I believe it can move substantially higher in Q4.

Here are the reasons why I think that: Continue reading "This Stock Could Outperform The Market In The Next Three Months" →

Did Bill Ackman Get Valeant (VRX) Wrong?

Posted on by The INO.com Team

There is a lot of talk today about the stock Valeant Pharmaceuticals International Inc. (NYSE:VRX) from one of its largest shareholders, Bill Ackman. You may remember Mr. Ackman from his ill-fated forays into JCPenney, Herbalife and Target.

Today he is defending (via a conference call) one of his biggest investments in Canadian pharmaceutical company, Valeant. This stock was very instrumental in helping Mr. Ackman's Pershing Square Capital be the best-performing hedge fund last year, with a return of 40.4%. This year it's another story as this stock has tanked and Pershing has a reported paper loss of 1.5 billion dollars. Allegations of impropriety and finagling its sales and the way it does business have all contributed to Valeant's slide in the marketplace. Continue reading "Did Bill Ackman Get Valeant (VRX) Wrong?" →

Interesting Smart Scan Results That May Surprise You

Posted on by The INO.com Team

This morning I was using MarketClub's Smart Scan and noticed something that perfectly reflects the current market conditions we are experiencing right now. The number of chart Scores of +100 and -100 indicating strong upside and downside trends were practically even. This illustrates the lack a unified consensus either way for a strong bull or a bear market.

Eventually this balance will change one way or the other, but for now caution is not a bad word to use or practice in this market.

The Haves And The Have-Nots

No, I'm not talking about politics or political correctness, I'm talking about stocks that have everything going for them and other wannabe stocks that for whatever reason do not have that same mojo.

Here are 5 stocks that everything going for them: Continue reading "Interesting Smart Scan Results That May Surprise You" →

Trends And Tipping Points For Apple, Alibaba And Twitter

Posted on by The INO.com Team

Apple Inc. (NASDAQ:AAPL)

Yesterday, the 900-pound gorilla, Apple Inc. (NASDAQ:AAPL) reported earnings and by all accounts they were outstanding, far outpacing all of the pre-earnings estimates. But the reality is, the stock price barely moved and is up just 1.5% in today's early trading. I still believe that Apple is not out of the woods yet and it is yet to have any new blockbuster products or innovations.

The weekly and monthly Trade Triangles are indicating that Apple is in a trading range. The longer-term monthly Trade Triangle is red indicating the major trend remains negative. A tipping point for Apple on the downside would be a move below $109.50, that would turn all Trade Triangles red indicating a downward move. On the upside, Apple needs to move over $122.60 to reignite the bull trend. Continue reading "Trends And Tipping Points For Apple, Alibaba And Twitter" →

Is Apple Going To Upset The Apple Cart And The Market?

Posted on by The INO.com Team

I'm not sure how you're feeling, but I am feeling a little uneasy about where the market is trading particularly this week. Please don't misunderstand what I'm saying, I am not saying that the market is going to crash this week, nor am I saying that it is going to soar to new highs. It just all seems a little surreal and that's what is making me feel uneasy.

As I have mentioned before, the Trade Triangles are indicating a trading range scenario for the major indices. Intermediate-term traders should be on sidelines at this time. All of the major indices are close to butting up against resistance which should slow and halt any further upside progress from here.

Apple is set to report earnings

After the close on Tuesday, Apple Inc. (NASDAQ:AAPL) reports its Q3 earnings. This could be a game changer for Apple and also for the market. Judging by the market action especially today, I think the report is going to be somewhat neutral to negative and show little or no growth for their iPad and iPhone business. The Trade Triangles are saying that you should be on the sidelines right now and that's where I intend to be. The only thing that would move me off the sidelines is if I see a move below $109.50 either today or tomorrow. If that happens, then I'll want to be short going into the report.

Maybe that's why I am feeling a little uncomfortable this week about the market. Continue reading "Is Apple Going To Upset The Apple Cart And The Market?" →