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: Trading
John McAfee’s Company Brings Bitcoin Leaders on Board
John McAfee’s cyber-security firm MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Bitcoin pioneer Erik Voorhees to its Cryptocurrency Advisory Board, barely a day after it inducted Roger Ver as the Chairman of this board. Following the appointment of two leading Bitcoin entrepreneurs to the board, the market is pushing the […]
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 […]
Will Indian Stocks Disappoint Next Week?
Indian stocks ended this week on a strong note, posting 3.9% in gains. The benchmark Nifty 50 closed above 7850, helped by a strong global rally and some support lent by positive IIP data. Banks and Auto were the major gains, along with Metals. India’s fundamental situation has also been improving with the sustenance of […]
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 […]
IPCA Labs Shrugs Off US FDA Warning, Pares Losses
Ipca Laboratories (NSE: IPCALAB) has shrugged off the US FDA warning issued for three of its manufacturing units. The stock opened higher at Rs 679 but as the warning letter became public knowledge, the stock began a seemingly unending decline before opportunistic buyers stepped in and pared the losses. In a large swing day, the […]
JUST DIAL: A Story Gone Horribly Wrong For Investors
On June 5, 2013, Just Dial (NSE: JUSTDIAL) made its debut on the Indian stock exchanges, surging 19% intraday. The stock listed on the exchange at Rs 590, and went on to hit a high of Rs 1779 in January the following year. Investors rushed to pour money into the then-unstoppable stock which had leading […]