Goodyear Tire & Rubber (GT) is a multinational company that will have to navigate thru the current tariff conditions as they operate roughly 80 plants across 27 countries. Although share price could fluctuate based on trade policy uncertainty, Goodyear’s future growth and profitability remain attractive. If a tariff war escalates, Goodyear Tire would face […]
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The Dow notched its 44th record close of the year and jumped back into its prior uptrend channel. The newly adjusted uptrend channel now has key support in the middle at 43,250. Backup help is at 42,500 and now represents the bottom of the uptrend channel. The middle of the uptrend channel is at at […]
11:35am (EST) We have a New Trade this morning so let’s get on it. New Trade! SoFi Technology (SOFI, $14.15, up $0.22) Sell to Open SOFI January 17 calls (SOFI250117C00017000, $0.55, up $0.05) Action: We are suggesting buying the stock at current levels while selling the SOFI January 17 calls for every 100 shares bought. […]
Once again, the action on the Volatility Index (VIX) was money after the close below 20 AND 17.50 on Wednesday. The prior Thursday, Friday, and Monday peaks failed to clear 24 which would have been a bearish signal ahead of the election. Tuesday’s low on the VIX was at 20.20 and basically a half-point close above key […]
Shares of BlackBerry Ltd. (NYSE: BB) rallied 8% after the company said it has settled the disputes over patent royalties against Facebook Inc. (Nasdaq: FB) for terms that weren’t disclosed. BlackBerry had sued Facebook in 2018 in a fight over messaging patents and was then countersued over patents for voice messaging technology.
Bulls Get Weekly Win Despite Friday’s Flat Action The market lost ground on Friday following a flood of economic news and inaction from Congress on developments for a coronavirus relief package. No deal was announced on that front as lawmakers have broken for recess until Labor Day. Despite the flat session, the major indexes posted […]