For a stock like Apple Inc. (NASDAQ: AAPL) which is so vastly covered and closely tracked by analysts, it can be reasonably expected that the near-term to mid-term forecasts have been baked into the price. Earnings for the next 12-18 months are priced (with fair deviations) into the stock, which is $95.89 as of Friday’s […]
Tag: Stock market
Staples, Inc. – Buy …. But Not Just Yet!
Staples, Inc. (NASDAQ: SPLS) faced the market’s wrath as its merger with Office Depot, Inc. (NASDAQ: ODP) was blocked by the U.S. District Court for the District of Columbia. As per the terms of the merger agreement, Staples is now obliged to pay Office Depot a $250 million break-up fee. Ron Sargent, CEO and Chairman […]
S&P 500 Will See A Massive Move This Year!
S&P 500 index will likely see a rip-your-face-off move this year. This is what the index’ weekly price chart is saying. As can be seen from the chart below, S&P 500 has been trading in a very broad range of 330 points, and is currently at the higher end. Even though the expectations from quarterly […]
All the Technical Reasons to Remain Bearish on Tesla Motors
Elon Musk-led Tesla Motors, Inc. (NASDAQ: TSLA) is due to release its quarterly numbers of Feb 10, 2016. However, the stock has been trading with a bearish bias ever since the start of this year, losing 33% YTD. The stock currently trades at $162.60 but a technical evaluation of the price chart suggests that there […]