Category Archives for "Stock Review"
Weibo Got Annihilated
Weibo is a Chinese social media stock that trades in the U.S. under the ticker (WB). It reported earnings today that beat the profit and revenue expectations but the stock dropped 16% on 9.3 million shares.
But it wasn’t the only one. SINA (SINA) also reported earnings that beat and it dropped 13.4%. SINA is a an online media company and part owner of Weibo. Momo (MOMO) is an online dating company in China and it got hit for 4.5% today. Continue reading
Walmart…Dancing with the Bear
Walmart (WMT) stock peaked in January 2015 with a high of $90.97. This was the peak of a 5 wave cycle that began 35 years earlier.
The Dow Jones Industrial Average is at all-time highs these days but Walmart, one of the Dow 30 stocks, is trading well off its all-time high at $68.87. It hit a post-peak low of $56.30 in November 2015. Continue reading
Is the Model 3 Pushing Tesla to 400 and Beyond?
Tesla (TSLA) has been acting like a rocket ship lately up about $88 a share (49%) in just the last 2 months. It is rapidly gearing up for production of the Model 3 which will be its lowest priced model available.
In the video below I analyze the weekly and daily charts of TSLA to see where in the Elliott Wave cycle TSLA currently sits. My assessment may or may not surprise you. Continue reading