Passport to Wall Street http://www.pws.io/ pl-PL Copyright 2019, Passport to Wall Street 60 Stock of Week: Long Homebuilders? http://www.pws.io/stock-of-week-long-homebuilders <p class='black-text'>This week we will take a look at a sector ETF that has been gaining attention by investors for a number of reasons. The Homebuilders <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XHB"><span style="color:#333">(</span><span style=";">XHB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XHB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XHB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XHB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have had a rough go of it lately, mainly because the traditional costs of building have skyrocketed. The cost of materials, labor and land has gone up so much that many of the homebuilders have been forced into building at the higher end. Additionally, a slowdown in new home sales last year in a rising interest rate environment has challenged the sector.</p><p class='black-text'>However, the sector has recently seen a stable increase in the amount of interest for new homes. This week, with the Federal Reserve's decision to leave rates unchanged for the duration of 2019, the sector has now sort of seen an "all clear for now" from investors and decent uptick in prices.</p><p class='black-text'>For this reason, as well as the technical support of the 200-day moving average, we'll look for a new long position on the popular ETF. The trade of the week is based on Wednesday's and Thursday's price actions, which showed this support right smack at the 200-day moving average.</p><p class='black-text'>The trade of the week is to play the XHB long right here at the $38.50 level and look for a break to new highs. The prior high was at $39.50 and the next real resistance area seems to put prices at the $40 level in the short term. Given the lower cost of this ETF, active traders can look to simply purchase shares of the ETF with the goal of hitting the $40 as a first and main target.</p> http://www.pws.io/stock-of-week-long-homebuilders Thu, 21 Mar 2019 21:04:18 -0400 Dustin Tibbitts Tiger Brokers Goes Public http://www.pws.io/tiger-brokers-goes-public <p class='black-text'>On Wednesday, <a href="https://technode.com/2019/03/21/xiaomi-backed-tiger-brokers-us-ipo/">Tiger Brokers</a> <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TIGR"><span style="color:#333">(</span><span style=";">TIGR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TIGR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TIGR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TIGR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> announced its initial public offering (IPO) pricing of $8 per share. On Thursday, the Chinese firm said it raised $104 million from its IPO. Tiger Brokers previously sought to raise $150 million at a price range of $5 to $7. On Wednesday at 10:40 AM, its 13 million American depositary shares (ADRs) opened at $8.10 on the Nasdaq stock exchange. TIGR stock closed at $10.94, gaining 35% in its first public trading day. ADRs represent shares of foreign companies trading on the US stock market, and each TIGR ADR represents 15 Class A ordinary shares in Tiger Brokers.</p><p class='black-text'>The Beijing-based <a href="https://www.itiger.com/">Tiger Brokers</a>, officially named Up Fintech, is an online trading platform. Founded in 2014, Tiger Brokers allows Chinese citizens all over the world to trade stocks listed on the US, Chinese, and Hong Kong stock markets. It offers 4 times margin leverage, commissions of $2.99 per order, and no minimum deposits. Its founder, Wu Tianhu, is the largest shareholder, with a 18.9% stake. Smartphone firm Xiaomi <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XIACF"><span style="color:#333">(</span><span style=";">XIACF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XIACF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XIACF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XIACF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and global discount brokerage Interactive Brokers <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IBKR"><span style="color:#333">(</span><span style=";">IBKR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IBKR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IBKR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IBKR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> own 14.1% and 7.7%, respectively.</p><p class='black-text'>As real estate markets - China's traditional investment avenue - have cooled, more investors find the Chinese and global stock markets exciting. <a href="https://www.cnbc.com/2019/03/20/chinas-tech-savvy-millennials-fueling-interest-in-trading-us-stocks.html">Tiger Brokers</a> and Hong Kong-based securities brokerage Futu <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FHL"><span style="color:#333">(</span><span style=";">FHL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FHL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FHL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FHL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which went public for $90 million in early March, have added hundreds of thousands of new customers in the last few years. Young middle-class people in particular are flocking to online and mobile trading. According to Tiger Brokers' prospectus, more than 70% of its individual users are younger than age 35, and more than 85% had an annual income of over $40,000. Trading stocks on the internet now seems appealing because in the past high commissions kept retail investors out of Chinese equities. American no-fee brokers like Robinhood and Webull that appeal to younger or less experienced investors don't operate in China.</p><p class='black-text'>While China has long been considered a growing emerging market, there are also risks in investing in new tickers like TIGR and FHL. First, business in China is quite opaque, with numerous recent reports of Chinese firms using shady accounting practices that border on fraud. Second, stock trading is largely a zero-sum game, and new traders can easily blow up their accounts from a few bad decisions. The ease of margin and online access can encourage risky overtrading. Finally, Tiger Brokers' growth plan depends on a robust domestic market. Real growth concerns in global emerging markets like China could lead to weak consumer demand and even a recession. In that case, brokerage customers will likely ditch trading for cost-saving survival activities. Although Tiger Brokers gained nicely in its public debut, long-term investors should be aware of the potential risks.</p><p class='black-text'><i>The author does not hold any positions in any of the securities above.</i></p> http://www.pws.io/tiger-brokers-goes-public Thu, 21 Mar 2019 20:48:11 -0400 Eric Yao Markets Enjoy Post-Fed Rally http://www.pws.io/markets-enjoy-post-fed-rally <p class='black-text'>The markets enjoyed a strong, trend-day type rally today led by big tech like Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and semiconductors. The Dow 30 closed higher on the day by 217, the S&P 500 added 30, and the Nasdaq closed higher on the day by 109. Interest rate sensitive areas like REITs and Homebuilders also enjoyed strong days thanks to the dovish stance by the Fed yesterday where they said they would likely leave rates unchanged for the rest of the year.</p><p class='black-text'>Sector News</p><p class='black-text'>Financials continued to get hit today following yesterday's Fed announcement that they would likely leave rates unchanged for the rest of the year. Financials as a whole had their worst two day decline this year so far on that news with the regional banks taking the brunt of the sell off. Though they closed lower on the day, they were still well off their lows.</p><p class='black-text'>Semiconductors continued to enjoy their recent bullish run with a total gain on the week now totalling about 4%. The semiconductor sector has recently started a new bullish run, which has helped support the markets at these highs.</p><p class='black-text'>Homebuilders and interest rate sensitive areas like REITs all had a positive day today thanks to the clarity of potentially steady rates. Both sectors enjoyed their strongest days of the week.</p><p class='black-text'>Stock News</p><p class='black-text'>Biogen <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BIIB"><span style="color:#333">(</span><span style=";">BIIB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BIIB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BIIB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BIIB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares plummeted nearly 30% today as the company announced that they're ending their trials on their promising Alzheimer's treatment after it became clear that the drug would not be as effective as initially thought. The stock sold off to lows not seen since 2016.</p><p class='black-text'>Darden Restaurants <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DRI"><span style="color:#333">(</span><span style=";">DRI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DRI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DRI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DRI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares enjoyed a nice pop today as the company reported earnings and revenue that was better than Wall Street's expectations. The company also saw a bump up in sales at its restaurant brands, including Olive Garden and Longhorn steakhouse, which prompted them to raise their 2019 outlook. Technical traders note the lack of overhead resistance.</p><p class='black-text'>Conagra <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CAG"><span style="color:#333">(</span><span style=";">CAG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CAG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CAG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CAG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher on the day today as the company announced earnings that were 2 cents better than expected. Revenue came in a little light and the company was not totally optimistic going forward with their sales outlook. Investors were bullish on the absorption of price increases by the consumer.</p> http://www.pws.io/markets-enjoy-post-fed-rally Thu, 21 Mar 2019 15:30:16 -0400 Dustin Tibbitts Markets Respond to Federal Reserve. http://www.pws.io/markets-respond-to-federal-reserve <p class='black-text'>The markets traded in a wild range today as the Federal Reserve made their rate decision to leave rates unchanged. The markets responded to their decision along with comments that the overall economy is slowing and that they would move to a 0 rate hike approach for the rest of the year. This sent the Dow 30 from down triple digits to positive on the day only to finish in the red by 145. The S&P 500 traded in a similar fashion and also closed lower on the day, losing 8 points. The Nasdaq stayed positive and was able to post a gain of 5.</p><p class='black-text'>Sector News</p><p class='black-text'>The announcement by the Fed to leave rates unchanged for the rest of the year sent Treasury yields sharply lower. The 10 year hit its lowest rate of the year and long-term rates hit their recent lows.</p><p class='black-text'>The news also pushed banks lower on the day. The <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> saw its second worst day of the year (yesterday being the worst) but technical traders note the uptrend is still intact. Regional banks were the biggest loser, breaking under their 50-day moving average for the first time since January.</p><p class='black-text'>Transportation <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IYT"><span style="color:#333">(</span><span style=";">IYT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IYT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IYT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IYT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was the weak spot today thanks mostly to weakness in FedEx, which reported earnings. The transportation sector broke under the 50-day moving average after stalling at the 200-day moving average just yesterday. For the year the sector is still higher by about 10%. FedEx makes up about 10% of the IYT.</p><p class='black-text'>Stock News</p><p class='black-text'>FedEx <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FDX"><span style="color:#333">(</span><span style=";">FDX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FDX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FDX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FDX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was a big focus today as the company reported earnings that missed analyst expectations. Revenue was also worse than expected and the company cut its 2019 outlook again after doing so last earnings report as well. The company cites a slowing global economy as the driving factor for the miss.</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today as an analyst said Boeing was a buy as the 737 Max jet is "too big to fail" for Boeing, as well as the transportation industry. Shares moved off their lows today, at one point being only one of three names in the Dow to show positive gains.</p><p class='black-text'>General Mills <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GIS"><span style="color:#333">(</span><span style=";">GIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares broke out of a range today as the comapny reported earnings that came in much better than expected ($0.83 vs $0.69) along with revenue that was higher than expected. The company announced guidance that was also slightly better than expected, which helped fuel today's rally.</p> http://www.pws.io/markets-respond-to-federal-reserve Wed, 20 Mar 2019 14:57:07 -0400 Dustin Tibbitts ETF performance this week. http://www.pws.io/etf-performance-this-week-1-2 <p class='black-text'>The markets have started the week mostly bullish with moves that pushes the S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> to new highs twice already. This week the Federal Reserve will be announcing their interest rate decision and there are no expectations of any change in the current rate. The SPY is sitting just 4% from it's all time highs set back in August of last year.</p><p class='black-text'>The Russell 2000 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IWM"><span style="color:#333">(</span><span style=";">IWM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IWM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IWM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IWM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has gained more attention as the weakest index with it's failure to perform with the other major indices, but also because of it's failure so far at technical resistance. Technical traders continue to note the weakness at the 200 day moving average.</p><p class='black-text'>Semiconductors <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SMH"><span style="color:#333">(</span><span style=";">SMH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SMH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SMH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SMH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have continued to push to new highs this week as the sector enjoyed another broad based rally. Over just the last 10 days the sector has rallied off lows to the tune of 9% and currently sits at highs of the year. The sector has less than 5% to go to reach all time highs.</p><p class='black-text'>Consumer discretionary <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLY"><span style="color:#333">(</span><span style=";">XLY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has also been a strong area of the market this week. Though there were many names that have offered support in the sector, a notable name was Ford <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/F"><span style="color:#333">(</span><span style=";">F</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="F" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="F" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="F" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> on Tuesday which announced that they would boost production of SUV's by 20% this summer. The sector is just about 5% from all time highs as of Tuesday's close.</p><p class='black-text'>Healthcare <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has enjoyed a strong start to the week with a move back towards the yearly highs with nearly a 1% move on Tuesday. The last pullback offered a strong, "V-Shaped" bottom reversal which many investors have been chasing ever since. The sector has underperformed this year so far but only has less than 4% to go before hitting all time highs.</p> http://www.pws.io/etf-performance-this-week-1-2 Wed, 20 Mar 2019 10:12:05 -0400 Dustin Tibbitts Markets revers course mid-day. http://www.pws.io/markets-revers-course-mid-day <p class='black-text'>The markets were higher to start the day today following a rally in Europe overnight, buy shortly after lunch the markets sold off, erasing the day's gains as investors began to position ahead of the Fed rate announcement tomorrow. The Dow 30 closed lower by 14, the S&P 500 closed flat, and the Nasdaq added 9 on the day. The Russell 2000 grabbed the most attention as it sold off about 0.70%.</p><p class='black-text'>Sector News</p><p class='black-text'>Semiconductors continued to push to new highs today as the sector enjoyed another broad based rally. Over just the last 10 days the sector has rallied off lows to the tune of 9% and currently sits at highs of the year.</p><p class='black-text'>Consumer discretionary was also a good area of the market today. Though there were many names that offered support in the sector today, a notable name was Ford <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/F"><span style="color:#333">(</span><span style=";">F</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="F" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="F" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="F" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which announced that they would boost production of SUV's by 20% this summer. The sector is just about 5% from all time highs as of today.</p><p class='black-text'>Stock News</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> remains the dominant headline today as the fallout continues. China has considered removing the 737 max from any trade deal, and Canadian officials say they are re-examining the approval of the 737 in their country. The CEO released a video update which explained what they are doing to get planes off the ground which seemed to satisfy investors for now.</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares started the day with another drop as the drama between the CEO, Elon Musk and the SEC continues. The SEC maintains that they now know Musk did not get pre-approval for any tweet as per their settlement agreement. The SEC continues to ask a federal judge to hold the CEO in contempt. Shares moved a touch higher today as the company tweeted that they would delay the price increase by one day thanks to "unusual demand."</p><p class='black-text'>Netflix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NFLX"><span style="color:#333">(</span><span style=";">NFLX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NFLX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NFLX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NFLX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> CEO says that their streaming service will not be participating in any service that Apple may launch in the coming days. The CEO stated that they want customers to view their content on their own service. Shares remain in a tightening base near highs for the year.</p> http://www.pws.io/markets-revers-course-mid-day Tue, 19 Mar 2019 14:38:17 -0400 Dustin Tibbitts Top-Down Analysis of Markets http://www.pws.io/top-down-analysis-of-markets <p class='black-text'>The markets have moved into the final stages of the first quarter, all with gains to report. Today we go over all the different areas to see how things are going.</p><p class='black-text'>First, we'll take a look through the different indices to see how the year has progressed so far. Year to date, the Russell 2000 Midcap Index <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IWR"><span style="color:#333">(</span><span style=";">IWR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IWR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IWR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IWR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been the leader with a gain of over 15%. However in the last few weeks, it's been a clear laggard and seems to be slowing. The Nasdaq 100 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is just a touch behind the Russell with a gain of 15.62%. Last week the QQQ was the clear leader as big tech pushed back to highs.</p><p class='black-text'>The Dow <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DIA"><span style="color:#333">(</span><span style=";">DIA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DIA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DIA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DIA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> comes in as the worst performer on the year so far. Though it still boasts a gain of 10.78%, it's notably weaker than the other major indices. Over the last week the DIA has been held back thanks to the sharp selloff in Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>The tech sector <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> comes in as the best-performing sector of the year with a gain of 17.76%. It should be noted that 4.76% of that came in the last five trading days thanks in part to Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which finally sparked a new round of buying.</p><p class='black-text'>Industrials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLI"><span style="color:#333">(</span><span style=";">XLI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Real Estate <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLRE"><span style="color:#333">(</span><span style=";">XLRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and Energy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLE"><span style="color:#333">(</span><span style=";">XLE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> all are bunched up in the number two spot, with gains of 14% each. Healthcare <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLV"><span style="color:#333">(</span><span style=";">XLV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Consumer Staples <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLP"><span style="color:#333">(</span><span style=";">XLP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are the clear lagging sectors, with gains of only 6.33% and 7.72% respectively.</p><p class='black-text'>Finally, drilling down to the different groups of the market, you might not guess what the top performing group is. The Solar group <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TAN"><span style="color:#333">(</span><span style=";">TAN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TAN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TAN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TAN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is the best performing group of the S&P 500 so far this year with a gain of 29.49%. Many of the energy and tech groups are also at the top of the list, such as SPDR S&P Biotech <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XBI"><span style="color:#333">(</span><span style=";">XBI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XBI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XBI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XBI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and SPDR S&P Oil & Gas Equipt & Servs. <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XES"><span style="color:#333">(</span><span style=";">XES</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XES" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XES" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XES" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. On the downside, it may come as no shock that Healthcare providers like iShares Dow Jones US Health Care <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IHF"><span style="color:#333">(</span><span style=";">IHF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IHF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IHF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IHF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> are at the bottom of the list, with gains of only 4.33%.</p> http://www.pws.io/top-down-analysis-of-markets Mon, 18 Mar 2019 19:09:45 -0400 Dustin Tibbitts Markets Start the Week Higher http://www.pws.io/markets-start-the-week-higher <p class='black-text'>The markets started off the week on a positive note thanks in part to a broad-based, cyclical rally. The Dow 30 was still held back by Boeing, but closed the day higher by 65. The S&P 500 closed higher by 10 and the Nasdaq added 25 on the day. This week offers a handful of earnings, as well as a Fed meeting that could steal all attention mid-week.</p><p class='black-text'>Sector News</p><p class='black-text'>Communication Services sold off today mostly on the weakness in Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. The sector has recently moved above a long, wide range that started back in early January. The sector is higher on the year by about 12%.</p><p class='black-text'>The oil strength continues today as oil bounced about 1%. Last week it was announced that Saudi Arabia would continue its production cuts into April following their March cuts. This along with sanction effects in Venezuela and Iran have helped support prices in the short term.</p><p class='black-text'>Banking stocks finally pushed above their stubborn resistance area today. For the month of March, the financials have struggled to get above the 200-day moving average, along with some price resistance from February.</p><p class='black-text'>Stock News</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares once again dragged down the Dow today as the Department of Transportation and a Grand Jury in Washington are reportedly investigating the FAA approval of the 737 Max jets. Shares moved back towards lows set last week following the most recent crash involving Ethiopian Airlines.</p><p class='black-text'>Worldpay <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WP"><span style="color:#333">(</span><span style=";">WP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares blasted off today as it was reported that Fidelity National Financial <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FIS"><span style="color:#333">(</span><span style=";">FIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> would be buying the company for about $35 billion in cash and stock minus debt. Investors will be getting about $11 in cash plus shares of FIS when the deal closes. FIS shares initially broke out to new highs on the news.</p><p class='black-text'>Caesars Entertainment <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CZR"><span style="color:#333">(</span><span style=";">CZR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CZR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CZR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CZR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher on the day following news that they are in early stages of working on a merger with Eldorado Resorts <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ERI"><span style="color:#333">(</span><span style=";">ERI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ERI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ERI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ERI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. This is largely seen as a win for Carl Icahn, who recently took a large position in the company and nominated three of his board members.</p> http://www.pws.io/markets-start-the-week-higher Mon, 18 Mar 2019 15:08:24 -0400 Dustin Tibbitts Levi Jeans Returns to the Public Markets http://www.pws.io/levi-jeans-returns-to-the-public-markets <p class='black-text'>The IPO markets continue to heat up with bigger brand names headed to the market. Late last week it was announced that Uber would begin its IPO march to pricing in April and their road show could take place in the coming weeks. They'll likely debut after rival Lyft, which is also racing their way to the markets.</p><p class='black-text'>While we wait, there are still some interesting names coming to the market this week, starting with a company that is coming back to the public markets after more than 30 years as a private company. Levi Strauss & Co. the denim jean icon is planning to offer 36 million shares at a range of $14 - $16 in hopes of raising $550 million.</p><p class='black-text'>Up Fintech Holding <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TIGR"><span style="color:#333">(</span><span style=";">TIGR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TIGR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TIGR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TIGR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is another Chinese based brokerage firm with hopes of raising 78 million this week by offering 13 million shares at a range of $5 -$7.</p><p class='black-text'>In the medical space there is Guardian Health Sciences <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GHSI"><span style="color:#333">(</span><span style=";">GHSI</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GHSI" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GHSI" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GHSI" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which is focused on the retinal disease space. They'll be offering 1.8 million shares at $4 in hopes of raising $8 million.</p><p class='black-text'>The last offering of the week is a blank check company that hopes to raise $130 million to acquire businesses in the insurance or reinsurance space. Currently they have no prospects, but will offer 13 million at $10 to begin their efforts.</p> http://www.pws.io/levi-jeans-returns-to-the-public-markets Mon, 18 Mar 2019 04:20:45 -0400 Dustin Tibbitts Beto O’Rourke’s Unlikely Path to the Presidency http://www.pws.io/beto-orourkes-unlikely-path-to-the-presidency <p class='black-text'>On Thursday, <a href="https://twitter.com/BetoORourke/status/1106155281845760000">Beto O'Rourke announced</a> in a short video that he is running for president in the 2020 Democratic primary. Flanked by his supportive wife Amy, he called his political movement "the last great hope of Earth" and asked supporters to say they will join on a new campaign website. Besides his tweet, <a href="https://www.vanityfair.com/news/2019/03/beto-orourke-cover-story">Vanity Fair</a> published a lavish cover story on Beto's decision to run. The story detailed Beto's everyday life up to his presidential announcement. Despite being a media darling, Beto's path to the presidency will be a struggle, but he will add a unique voice to the field.</p><p class='black-text'><a href="https://ballotpedia.org/Beto_O%27Rourke">Beto </a>was born in El Paso, Texas in 1972 and studied English literature at Columbia University. Young Beto was a member Cult of the Dead Cow, a famed hacker group. He is also fluent in Spanish. Beto was arrested for driving while intoxicated in 1998, but got charges dismissed after completing a program. After graduation, he worked various jobs before founding Stanton Street Technology Group, an Internet services and software firm. In 2005, Beto ran for the El Paso City Council. He won and served two terms until 2010. In 2012, Beto ran for the House of Representatives and won, serving until 2018. He held a town hall with constituents every month and sat on the Armed Services and Veterans' Affairs Committees in Congress. Last year he launched a long-shot bid for a US Senate seat and raised a record $80 million. After Beto narrowly lost by 2% to incumbent Ted Cruz (R-TX), many commentators speculated he would run for president.</p><p class='black-text'><a href="https://www.nytimes.com/2019/03/14/us/politics/beto-on-the-issues.html">Beto </a>is widely considered a moderate liberal on policy. In Congress he was a member of the New Democrat Coalition, a pro-business caucus. He believes in using antitrust laws to breakup monopolies and spur innovation. On immigration, he is more liberal, supporting citizenship for undocumented immigrants and demilitarization of immigration enforcement. On gun control, he supports universal background checks and magazine size limits. On healthcare, he wants universal coverage but gave conflicting positions on Medicare for all. He is against President Trump's tariffs and supports free trade. He called for criminal justice reform and decriminalizing marijuana. On climate change, he wants the US to rejoin the Paris accords and recently came out in support of a Green New Deal.</p><p class='black-text'>Despite his fundraising and star power, Beto faces an <a href="https://www.cnbc.com/2019/03/15/2020-candidate-beto-orourke-has-talent-but-also-challenges-he-hasnt-faced-before.html">uphill battle </a>in a field of 15 candidates. As a white man, he might be unable to attract enough votes from a diverse Democratic base when many women and people of color are also running. And as a former Congressperson, he is less well-known than household names like Bernie Sanders and Kamala Harris. He also has far less political experience than many of his peers. But Beto can try to leverage his youth, his media savvy, and his oratory. On policy, he holds unique views on immigration. Should he make it onto the first debate stage in June, Beto will try to draw in a broad coalition.</p> http://www.pws.io/beto-orourkes-unlikely-path-to-the-presidency Mon, 18 Mar 2019 04:16:15 -0400 Eric Yao Cryptocurrency Week of March 17 in Review http://www.pws.io/cryptocurrency-week-of-march-17-in-review <p class='black-text'>The second week of March has been exciting for the cryptocurrency markets. Perhaps the biggest news is that <a href="https://www.coindesk.com/republican-leader-mccarthy-proposes-blockchain-transparency-in-government">Kevin McCarthy </a>of California, Republican House Minority Leader, called for exploring blockchain technology to help make the US government more transparent and efficient. He said blockchain is revolutionizing the financial industry and can bring benefits to government operations. Then he touted three related bills where the government embraced new tech: a bug bounty program, a cybersecurity enhancement, and a technology education bill for veterans. In calling for a blockchain experiment with governance, McCarthy asked Congress to adopt new technology that could make it more accountable to citizens.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'><a href="https://cointelegraph.com/news/coinbase-pro-increases-fees-updates-market-structure-to-increase-liquidity">Coinbase </a>revised its trading fee schedule and angered some active trading customers. The professional trading platform Coinbase Pro hiked maker fees from zero to 0.15% for the lowest tier of volume. It also slightly cut taker fees from 0.3% to 0.25%. Coinbase also changed its tiered schedule of trading volume and removed the option of stop market orders, turning them into stop limit orders. The exchange said it believes the changes will help boost liquidity. But many crypto users online expressed disappointment at the loss of zero fee trading, saying they will switch to Binance, Kraken, and other low-cost exchanges. Coinbase also added support for Stellar lumens (XLM) earlier in the week.</p><p class='black-text'><a href="https://www.coindesk.com/paradigm-leads-9-million-round-for-cosmos-creator-tendermint">Tendermint</a>, a blockchain interoperability project, has raised $9 million in a Series A funding round led by Paradigm, a technology-based venture capital firm. Other fundraising participants included Bain Capital and 1confirmation. Tendermint will use the funds raised to further develop Cosmos Hub, a blockchain project that aims to allow blockchains to interoperate among other blockchains. Cosmos Hub was recently launched after 3 years of research and development. Tendermint has also released a software development kit. The firm's mission is to provide sustainable interoperability solutions that spark an increase in useful real-world blockchain applications.</p><p class='black-text'>Crypto prices rose again this week, moving sharply up to a market cap of almost $140 billion, with Bitcoin (BTC) finally breaking $4,000. The majors all entered the green, and Bitcoin Cash (BCH), Stellar, and Cardano (ADA) led the strong surge. In the top 100, the biggest losers are ABBC Coin (ABBC), down 32%, Bitcoiin (B2G), down 24%, and Blocknet (BLOCK), down 13%. The biggest gainers are MetaHash (MHC), up a whopping 84%, TokenPay (TPAY), up 67%, and Groestlcoin (GRS), up 67%. Next week's events include the Blockchain & Bitcoin Conference in Prague and Money20/20 Asia in Singapore.</p><p class='black-text'><i>The author owns a small amount of BTC.</i></p> http://www.pws.io/cryptocurrency-week-of-march-17-in-review Sun, 17 Mar 2019 21:01:30 -0400 Eric Yao S&P Pops Above Resistance Level http://www.pws.io/sp-pops-above-resistance-level <p class='black-text'>The markets were higher today as news out of Boeing helped support the Dow and a strong semiconductor sector helped along with financials. The Dow 30 closed the day higher by 138, the S&P 500 added 14, and the Nasdaq closed the day higher with 57.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil remained above its recent breakout zone today as it was reported that Saudi Arabia plans to extend production cuts into April. The OPEC nation announced last month that they would cut production in March much more than was anticipated, which helped support prices. Just this week the price of oil has gained over 4%.</p><p class='black-text'>Semiconductors hit new highs on the year today thanks in part to earnings from Broadcom. Today's move in Semiconductors helped support the rally in the S&P 500 and puts the sector higher by more than 25% on the year.</p><p class='black-text'>Tech stocks also hit new highs on the year today, which marks the third time this week that it accomplished this. The tech sector is on record as the best-performing sector of the S&P, with gains of about 18%.</p><p class='black-text'>Stock News</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares helped support the Dow today as the company announced they would be rolling out a software upgrade for the 737 Max series planes in 10 days. It was also revealed that a part recovered from the crash site of the most recent crash in Ethiopia was set in a position to pitch the nose lower, which was the reason the FAA ultimately made the decision to ground planes.</p><p class='black-text'>Facebook <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FB"><span style="color:#333">(</span><span style=";">FB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off today as it was announced late yesterday that their Chief Product Officer and VP of WhatsApp would be leaving. Shares moved back to recent lows, losing about 2% on the day.</p><p class='black-text'>Adobe <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ADBE"><span style="color:#333">(</span><span style=";">ADBE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ADBE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ADBE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ADBE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares moved lower today despite a beat on earnings of 9 cents. The company also saw revenue higher than expected, but the company was not so optimistic about the future, lowering their current quarter expectations. Shares are still higher by about 14% on the year.</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares moved lower today as investors responded to the announcement of the new Model Y, an SUV that Tesla is saying will be priced in the $47,000 range. The company announced that they would start production in the fall of 2020. Investors still notice the steady, technical downtrend.</p> http://www.pws.io/sp-pops-above-resistance-level Fri, 15 Mar 2019 15:24:20 -0400 Dustin Tibbitts Stock of the Week: A Slow Stock for a Trade? http://www.pws.io/stock-of-the-week-a-slow-stock-for-a-trade <p class='black-text'>This week we will look at a stock that is known for being a slow and steady mover, but we will look at it for more of a mid-term in duration trade. Why would we look at a slow stock when our goal is trading profits? Well, from time to time a stock hits a particular technical area on a chart that is highly likely to draw attention from all sorts of traders and investors. Today, General Mills <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GIS"><span style="color:#333">(</span><span style=";">GIS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GIS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GIS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GIS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has reached that point.</p><p class='black-text'>On Thursday, General Mills was upgraded to "buy" from "hold" at Deutsche Bank <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DB"><span style="color:#333">(</span><span style=";">DB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which brought the stock to fundamental investors' attention. The analyst at the firm stated that the company's core business has now stabilized and that they would see increased opportunity from their pet food company, Blue Buffalo acquisition. They went on to say that they felt that Blue Buffalo was an underappreciated area of their overall business.</p><p class='black-text'>From a technical perspective the stock also grabbed attention given that it has now recovered all of its late-year decline from 2018 and is currently sitting near the highs. If you were to look back even further, you'd note that if it breaks out here, there are clear skies ahead given the large open area provided by the sharp gap lower on March 21 of last year. This represents a wide profit zone for all those looking to hop in.</p><p class='black-text'>So, with all that being said, the trade of the week is to get long GIS at $48 to participate in this breakout as it happens. A reasonable target in the mid-term is $50 and possibly a touch more. Remember, this is historically a slower moving stock, so consider allocating a little less capital to this trade, as it may be capital that is tied up for a little longer.</p> http://www.pws.io/stock-of-the-week-a-slow-stock-for-a-trade Thu, 14 Mar 2019 18:01:21 -0400 Dustin Tibbitts Markets Struggle to Find Traction http://www.pws.io/markets-struggle-to-find-traction <p class='black-text'>The markets struggled to find any traction today after weak numbers overnight out of China as well as lower-than-expected new home sales here in the States. The Dow 30 closed higher by 9, the S&P 500 sold off 1, and the Nasdaq closed lower on the day by 11.</p><p class='black-text'>Sector News</p><p class='black-text'>Retail was a weak spot today as investors continue to bail on the recent breakout above a short range. Dollar General was one weight on the sector today, along with names like Limited Brands <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LB"><span style="color:#333">(</span><span style=";">LB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Ross Stores <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ROST"><span style="color:#333">(</span><span style=";">ROST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ROST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ROST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ROST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and Dollar Tree <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DLTR"><span style="color:#333">(</span><span style=";">DLTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DLTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DLTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DLTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. For the year the sector is still higher by about 8% and hovering just above its 50-day moving average.</p><p class='black-text'>Financials were strong today, marking their fourth straight day of gains. Technical traders noted the move back into the 200-day moving average and overhead price resistance as well. For the year the big financials are higher by about 12%.</p><p class='black-text'>Stock News</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> remains near the front page news as the company now has about every 737 Max 8 and 9 grounded around the globe. The company is currently investigating the cause of both crashes overseas and Bank of America <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BAC"><span style="color:#333">(</span><span style=";">BAC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BAC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BAC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BAC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> analysts expect the grounding to last three to six months. Shares remain near lows, just above the 200-day moving average. To date the selloff in share price has cost the company roughly $30 billion.</p><p class='black-text'>General Electric <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GE"><span style="color:#333">(</span><span style=";">GE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today as the company issued their 2019 outlook, which showed they expected to earn 50-60 cents per share as the company continues to restructure. While analysts were expecting earnings of about 70 cents, investors focused on the CEO's comments that he expects 2020 to be significantly better.</p><p class='black-text'>Dollar General <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DG"><span style="color:#333">(</span><span style=";">DG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares plummeted today as the company reported earnings which missed expectations by 4 cents. Revenue did beat expectations and store sales ticked higher by 4%, far higher than the 2.6% expected. The company also raised their dividend by 10% and increased their share buyback program by $1 billion.</p> http://www.pws.io/markets-struggle-to-find-traction Thu, 14 Mar 2019 15:28:28 -0400 Dustin Tibbitts ETF Performance This Week http://www.pws.io/etf-performance-this-week-1 <p class='black-text'>The markets have started the week disconnected from each other thanks in part to the the unfortunate crash of yet another Boeing 737 Max 8. This is the second crash in less than 6 months, which has weighed on the Dow-heavy stock. For the week so far, the Dow has been held back on the weakness from Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> with a gain of less than a half of a percent.</p><p class='black-text'>The S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, while it still has Boeing in it, has fared much better with a gain of almost 2% through Tuesday. The technical traders note the currently successful bounce off the 200-day moving average, but with immediate overhead resistance at the $281.50 area on the SPY.</p><p class='black-text'>Industrials were weighed down Tuesday on the Boeing news, continuing to see weakness following the Ethiopian crash two days ago. Technical traders noted the bounce off the 200-day moving average Monday, but with Boeing having nearly a 10% weight in the sector, it was hard to see any real momentum from Monday's move.</p><p class='black-text'>The big tech area of the market <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> hit new highs for the year yesterday as investors continue to focus on large tech this week. Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was a major player in the sector as the company was upgraded and also announced a special event on March 25th where they're expected to launch more services based offerings. The XLK also has enjoyed the support of the 200-day moving average.</p><p class='black-text'>Lastly, REITs <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ICF"><span style="color:#333">(</span><span style=";">ICF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ICF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ICF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ICF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continue to push to new highs, hitting new yearly highs every day this week. The consistently strong area of the market is now higher by almost 15% since the start of the year and showing no signs of pulling back.</p> http://www.pws.io/etf-performance-this-week-1 Thu, 14 Mar 2019 04:08:54 -0400 Dustin Tibbitts Markets Higher Despite Brexit and Boeing News http://www.pws.io/markets-higher-despite-brexit-and-boeing-news <p class='black-text'>The markets traded positively again today despite a full day of news over the grounding of Boeing Max 8 and 9 series planes. The Dow 30 traded wildly today but ultimately closed higher by 148. The S&P 500 added 19, poking above the important 2800 resistance area that has held prices back since last October. The Nasdaq fared the best thanks to FANG names with a gain of 52.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil was higher today, breaking above the short-term resistance area seen around $58 per barrel thanks to the weekly inventory report which showed a decline of 3.9 million barrels here in the States.</p><p class='black-text'>Healthcare continued its bounce off the 200-day moving average today with its impressive rally so far this week. Just this week the sector is higher by about 3% and has less than 2% to go until hitting new highs on the year.</p><p class='black-text'>Technology stocks also had a good day today, hitting new yearly highs for the second time just this week. For the year it's been mostly straight up for the sector, adding about 16%. Apple has been a big help this week, making up almost 17% of the Technology Select Sector SPDR Fund <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Until this week, Apple has underperformed the sector, but it now seems to be reviving.</p><p class='black-text'>Stock News</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued to dominate the headlines today as the lawmakers here in the US officially called for the FAA to ground the 737 Max jets. The American Airlines <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AA"><span style="color:#333">(</span><span style=";">AA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> flight attendant union also wrote a letter to the CEO asking for the same. The stock traded in a wild range as investors tried to figure out the timeline of this grounding.</p><p class='black-text'>Express <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/EXPR"><span style="color:#333">(</span><span style=";">EXPR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="EXPR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="EXPR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="EXPR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares broke down to new lows today as the company reported a mixed quarter. The retailer beat on earnings but revenue came in less than expected thanks to a drop in sales that was more than forecasted. While analysts expected a decline in sales of 5.6% the company reported a 6% overall decline in store sales. The company said they face more short-term challenges.</p><p class='black-text'>Kraft Heinz <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KHC"><span style="color:#333">(</span><span style=";">KHC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KHC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KHC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KHC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were slightly higher today as the company announced they would consider the sale of their Breakstone brand, which is said to be worth nearly $400 million.</p> http://www.pws.io/markets-higher-despite-brexit-and-boeing-news Wed, 13 Mar 2019 15:21:08 -0400 PWS.IO Markets Mixed Again Thanks to Boeing http://www.pws.io/markets-mixed-again-thanks-to-boeing <p class='black-text'>The markets closed mixed again thanks to continued fallout at Boeing. The Dow 30 closed the day lower by 96, but the S&P 500 added 8 and the Nasdaq closed higher by 32. In Brexit news, the latest deal was rejected once again, leaving more confusion and concern from investors.</p><p class='black-text'>Sector News</p><p class='black-text'>Industrials were weighed down today as Boeing continued to see weakness following the Ethiopian crash two days ago. Technical traders noted the bounce off the 200-day moving average yesterday, but with Boeing having nearly a 10% weight in the sector, it was hard to see any real momentum from yesterday's move.</p><p class='black-text'>The big tech area of the market <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLK"><span style="color:#333">(</span><span style=";">XLK</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLK" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLK" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLK" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> hit new highs for the year today as investors continue to focus on large tech this week. Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was a major player in the sector today as the company was upgraded yesterday and also announced a special event on March 25th at which they're expected to launch more services-based offerings.</p><p class='black-text'>Stock News</p><p class='black-text'>Dick's Sporting Goods <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DKS"><span style="color:#333">(</span><span style=";">DKS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DKS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DKS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DKS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply lower today despite the company reporting earnings that were mostly in line with expectations. Investors chose to focus on slowing sales which were highlighted by last month's weak retail report, along with the announcement that the company would stop selling hunting rifles and accessories at 125 stores. The company also guided lower than Wall Street's expectations for 2019.</p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares suffered another weak day today as the company was downgraded by Edward Jones along with more countries grounding the Max 8 aircraft and the US mandating design changes. The downgrade cited the possibility of a delay of orders following the recent crashes.</p><p class='black-text'>Stitch Fix <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SFIX"><span style="color:#333">(</span><span style=";">SFIX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SFIX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SFIX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SFIX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares soared today as the company announced earnings that more than beat expectations ($0.12 vs $0.05). Revenue was also higher than expected and the company guided higher for the current year. Current active clients, which is a popular metric followed by investors, saw an 18% increase to 2.96 million. Gross margins also saw a small uptick to 44.1%</p> http://www.pws.io/markets-mixed-again-thanks-to-boeing Tue, 12 Mar 2019 15:35:13 -0400 Dustin Tibbitts Three Ways to Short the Broad Markets http://www.pws.io/three-ways-to-short-the-broad-markets <p class='black-text'>For the first part of the year, the markets have been nothing but higher. Every major index has pushed off the December decline and rallied straight up, mostly back above their 200-day moving averages. Many traders are starting to think about protecting against a downside move or simply looking to try to profit from any pullback. Today we'll cover a few ways you can short the markets should you feel the same.</p><p class='black-text'>The first and easiest way, but also the most capital intensive, is to look for a market ETF and simply short it. This will require you trade on margin, which involves its own risks, so be sure you understand that before continuing. Try the popular S&P 500 ETF <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, or Nasdaq 100 ETF <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. Shorting a stock or ETF means you are borrowing shares from someone else and will promptly sell them. You then hope to buy them back cheaper before returning them to the original owner. Thankfully, with technology these days you simply hit the sell button and the rest is taken care of for you.</p><p class='black-text'>Shorting the index ETFs is considered the most capital intensive because of the current price of the indices. The SPY is currently trading around $275, so if one were to short 100 shares on standard margin, one would be looking at over $13,000 in capital required.</p><p class='black-text'>Another way to short the market would be to buy inverse ETFs. This may sound a little odd, but there are ETFs out there that realize not everyone can short the markets, so they do it for you. An inverse ETF will move opposite the direction of the underlying index. For example, if the S&P 500 were the index you wanted to short, you could simply buy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SH"><span style="color:#333">(</span><span style=";">SH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. A drop in the S&P 500 would result in the rally of the SH. Note: Before acting on an inverse ETF one should better understand the costs associated, especially on leveraged, inverse ETFs.</p><p class='black-text'>The final way to short the market is simply to buy puts. Buying a put is an options trade wherein the value of the put will rise as the markets fall. Timing is key here, as the option will expire, so you will want to be confident. These can also be used as a form of insurance against a portfolio. If the market never falls, however, you still pay for the insurance.</p> http://www.pws.io/three-ways-to-short-the-broad-markets Mon, 11 Mar 2019 18:22:24 -0400 Dustin Tibbitts Broad-based rally to start week. http://www.pws.io/broad-based-rally-to-start-week <p class='black-text'>The markets finished the day with a strong gain after starting mixed. Strong moves in tech stocks and a recovery in transportation stocks helped support the strong rally today which ultimately pulled the Dow out of the red and positive by 200. The S&P 500 closed higher on the day by 40 and the Nasdaq added 149.</p><p class='black-text'><b>Sector News</b></p><p class='black-text'>Transports were a big focus today as the finally flipped back into the positive with their first fain in 12 trading days. Technical traders note the near perfect bounce off the 200 day moving average.</p><p class='black-text'>Oil was one of the better performers today as the price returned back towards the highs of it's recent range. The move came on news that the Saudi Oil minister commented that he would stand behind the March oil cuts.</p><p class='black-text'>Semiconductors were higher on the day thanks in part to a deal announcement from Nvida. The sector as a whole enjoyed a broad based rally off the 200 day moving average where it pulled back to Friday.</p><p class='black-text'><b>Stock News</b></p><p class='black-text'>Boeing <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BA"><span style="color:#333">(</span><span style=";">BA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was by far the biggest name in the news today as the company saw shares tumble on news of a fatal plane crash in Ethiopia. The crash was the second in a year from it's 737 Max 8 airliner which caused Ethiopian Airlines to ground the rest of it's 737 Max 8 fleet. The Chinese government announced the same actions shortly after. The drop in share prices held back the Dow by about 1%.</p><p class='black-text'>Mellanox Technologies <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MLNX"><span style="color:#333">(</span><span style=";">MLNX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MLNX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MLNX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MLNX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares blasted to new highs today as the company agreed to be bought by Nvidia for $125 per share in a $6.9 billion deal. This goes on record as the largest acquisition ever for Nvidia which outbid Intel for the deal to acquire the data center company.</p><p class='black-text'>Apple <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AAPL"><span style="color:#333">(</span><span style=";">AAPL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AAPL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AAPL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AAPL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares enjoyed a strong day today as the company was upgraded to buy at Bank of America, completely reversing it's call in November. The analyst says that inventory levels and growth rates of the services business caused them to adjust their rating.</p> http://www.pws.io/broad-based-rally-to-start-week Mon, 11 Mar 2019 14:56:35 -0400 Dustin Tibbitts Cryptocurrency Week of March 10 in Review http://www.pws.io/cryptocurrency-week-of-march-10-in-review <p class='black-text'>The biggest news of the first week of March was that <a href="https://www.cnbc.com/2019/03/08/fidelitys-new-cryptocurrency-company-is-up-and-running-despite-a-bear-market-for-digital-coins.html">Fidelity Investments</a> has launched its new cryptocurrency firm Fidelity Digital Asset Services. The new firm offers coin custody and trading operations and already has signed with a few institutional clients, after interviewing 450 institutions. Despite the prolonged bear market Fidelity has steadily added new clients like hedge funds, pension funds, and family offices. Tom Jessop, who heads Fidelity Digital Asset Services, said low crypto prices have not discouraged potential clients. He said part of Fidelity's mission is to teach institutional investors about crypto so they might take a more positive view.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'>Journalism startup <a href="https://cointelegraph.com/news/blockchain-based-journalism-platform-civil-launches">Civil </a>launched its new platform for independent journalism on Wednesday. The project's CVL token can be bought for Civil membership, which will give journalists and news organizations voting power on the platform. 34 million CVL tokens were offered for sale at a rising price of 20 to 94 cents. Civil also debuted two tools, the Civil Registry and Civil Publisher. The registry lets any newsroom apply to be a Civil newsroom. The publisher lets newsrooms place verifiable data onto the blockchain. Civil has a partnership with the Associated Press so that new is delivered to the Civil platform.</p><p class='black-text'><a href="https://www.coindesk.com/a-multibillion-dollar-cryptocurrency-based-on-lies-us-arrests-alleged-onecoin-leader">US federal prosecutors</a> arrested the leaders of OneCoin, an alleged pyramid scheme. The US Attorney for the Southern District of New York indicted Ruja Ignatova and Konstantin Ignatov for wire fraud, securities fraud, and money laundering. The US government claims OneCoin used crypto to defraud investors out of billions of dollars. Prosecutors say that OneCoin members make commissions when they recruit new people to join the scheme and that the price growth of its token is manipulated. International prosecutors in over 10 countries have also been cracking down on OneCoin since 2016, and OneCoin promoters face fines and legal orders to stop marketing.</p><p class='black-text'>Crypto prices rose slightly to end at above the $134 billion level, and Bitcoin (BTC) tried to break through $4,000 again. Litecoin (LTC), Stellar (XLM), and Cardano (ADA) led the majors, which all ended in the green. In the top 100, the biggest losers are Bitcoin Private (BTCP), down a whopping 45%, Bitcoiin (B2G), down 18%, and Grin (GRIN), down 16%. The biggest gainers are FLO (FLO), up 64%, ABBC Coin (ABBC), up 61%, and Einsteinium (EMC2), up 55%. In the upcoming week, investors will be watching Theta's (THETA) mainnet launch, the Blockchain International Scientific Conference, and Asia Crypto Week.</p><p class='black-text'><i>The author owns a small amount of BTC and LTC.</i></p> http://www.pws.io/cryptocurrency-week-of-march-10-in-review Sun, 10 Mar 2019 16:46:20 -0400 Eric Yao Oddly Quiet Week for the IPO Market http://www.pws.io/oddly-quiet-week-for-the-ipo-market <p class='black-text'>Last week was a good one for IPOs in terms of pricing and performance. Futu Holdings <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FHL"><span style="color:#333">(</span><span style=";">FHL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FHL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FHL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FHL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, the online brokerage firm out of China, was successful in their offering, raising $90 million. This was the only profitable company to launch last week and saw a nice pop of 28% in their first day of trading.</p><p class='black-text'>Medical device company ShockWave Medical <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SWAV"><span style="color:#333">(</span><span style=";">SWAV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SWAV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SWAV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SWAV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares also had a pop on their first day, gaining almost 80%. The company, which only has 12 million in sales over the last 12 months, saw great demand in their IPO, helping them raise 97 million.</p><p class='black-text'>This week there are no IPOs on the calendar, which is a little odd for this time in March. Traders are looking forward to up and coming IPOs which will include many bigger, brand-name startups here in the States. First up should be Lyft, the ride-sharing company, which is in the final stages of their prep before launching. We also expect to see Uber and other names like AirBnB, Slack, and Pinterest.</p><p class='black-text'>One last thing to mention is that electric car maker NIO <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NIO"><span style="color:#333">(</span><span style=";">NIO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NIO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NIO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NIO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares ended their lockup period this week, which could be a problem for shares. The company just announced earnings which were a big disappointment. Its share performance since its IPO has also failed to impress investors.</p> http://www.pws.io/oddly-quiet-week-for-the-ipo-market Sun, 10 Mar 2019 16:41:08 -0400 Dustin Tibbitts Big Money Is Betting on Fusion Power http://www.pws.io/big-money-is-betting-on-fusion-power <iframe width="100%" height="400" src="fusion power" frameborder="0" allowfullscreen></iframe><iframe width="100%" height="400" src="https://www.youtube.com/embed/mZsaaturR6E">fusion" frameborder="0" allowfullscreen></iframe><p class='black-text'>Savvy investors are always searching for the next big thing, whether it's blockchain, artificial intelligence, or space exploration. In the energy industry, one futuristic and idealistic idea is . Nuclear fusion is a reaction with the nuclear force where two or more nuclei combine to create different subatomic particles and release energy. It is basically the opposite of nuclear fission, known as splitting the atom. Nuclear fusion powers stars like the sun, and scientists believe the energy created could help generate electricity. Other potential benefits are the fact that the process yields no harmful gases or waste produced, cannot be used as a weapon, and carries low risks of power plant meltdowns. While fusion power in practice is still young and experimental, the first investors and early adopters are likely to help humans save the environment and make a tidy profit.</p><p class='black-text'>One firm is already working to develop nuclear fusion. <a href="https://generalfusion.com/">General Fusion</a>, founded in 2002 by physicist Michel Laberge, has already raised over $127 million from Amazon's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> Jeff Bezos, Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and Canada's government. <a href="https://www.cnbc.com/2019/03/06/bezos-microsoft-bet-on-a-10-trillion-energy-fix-for-the-planet.html?&qsearchterm=fusion">General Fusion </a>uses hydrogen plasma fuel surrounded by liquid metal. The plasma is placed into a compression chamber and contained by magnets. Then pistons apply pressure to the chamber to increase temperature to 150 million degree Celsius and initiate fusion conditions. The liquid metal enters a heat exchanger where its heat is used to make electricity. General Fusion's next ambitious goal is to create a fusion reactor that will commercialize fusion power. The company said that though it has produced the components for a reactor, it needs at least five years to create a prototype. It will take even more time to further build large power plants that can power cities.</p><p class='black-text'>General Fusion is not the only involved nuclear fusion player. The International Thermonuclear Experimental Reactor is a coalition of governments working on developing fusion using a device called the tokamak. Lockheed Martin <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LMT"><span style="color:#333">(</span><span style=";">LMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is developing a company reactor that will be 10 times smaller than a regular reactor and able to fit in a truck. Lockheed's process tries to mimic the sun's fusion. Seattle-based CTFusion just won a $3 million Energy Department grant to develop a commercial fusion reactor. <a href="https://futurism.com/the-byte/new-artificial-sun-china">China </a>recently built an artificial sun and announced it will complete another one this year. Chinese researchers said their artificial sun will reach seven times the temperature of the sun's plasma. While all the efforts to transform the energy sector are exciting, fusion power still faces many challenges. First is economics, as fusion power is still not cost effective. Second is protecting reactor materials from the neutrons formed during fusion reactions. But big money is starting to discover the awesome potential of fusion power.</p><p class='black-text'><i>The author does not own any positions in any of the securities above.</i></p> http://www.pws.io/big-money-is-betting-on-fusion-power Sun, 10 Mar 2019 16:37:28 -0400 Eric Yao Trump Weekly: Who's Lying? http://www.pws.io/trump-weekly-whos-lying <p class='black-text'>Trump caused a stir just before the weekend when he claimed via Twitter on Friday that his former attorney, fixer, and confidant Michael Cohen - who was convicted of tax evasion, campaign finance violations, perjury, and other crimes and who must report to federal prison in May to begin his three years of incarceration as punishment - <a href="https://twitter.com/realDonaldTrump/status/1104050224052396032?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1104050224052396032&ref_url=https%3A%2F%2Fwww.apnews.com%2F2d4b3c2206e64186874c49e4efd81c15">begged him directly for a pardon</a>, was rejected, and then lied about the matter before Congress. Cohen has denied this version of events and shot back at Trump on Twitter, calling him a <a href="https://twitter.com/realDonaldTrump/status/1104050224052396032?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1104050224052396032&ref_url=https%3A%2F%2Fwww.apnews.com%2F2d4b3c2206e64186874c49e4efd81c15">liar in kind</a>. Cohen's current lawyer acknowledged that his prior counsel discussed the possibility of a pardon with Rudy Giuliani soon after Cohen's offices were raided by the FBI, but denied that Cohen spoke to Trump directly about the matter.</p><p class='black-text'>In other Trump associate news, Paul Manafort, Trump's former campaign manager, was <a href="https://www.nytimes.com/2019/03/07/us/politics/paul-manafort-sentencing.html">sentenced to a mere four years in prison for bank and tax fraud</a>, charges that carry typical minimum sentencing guidelines of 19 1/2 years. The federal judge in the case felt that the recommended penalty was too harsh. Manafort is still facing a second, separate case in which it's been alleged that he tampered with a witness, laundered money, and served as an unregistered foreign agent. Sentencing is expected to occur next week, and it's possible the judge in that case may be less lenient.</p><p class='black-text'>There also seems to be a leak inside Trump's White House, which is <a href="https://www.brookings.edu/research/tracking-turnover-in-the-trump-administration/">notoriously chaotic</a>. The Trump administration had refused to turn over documents about security clearance for Trump's relatives, including daughter Ivanka Trump and son-in-law Jared Kushner, to the House Oversight Committee, which is scrutinizing these access decisions. A staff member inside the White House managed to <a href="https://www.axios.com/jared-kushner-ivanka-trump-security-clearance-leak-0a312b92-4a2d-4a70-a7fa-7fb7980d5305.html">leak them to the House</a> anyway. The Democratic House has opened several far-reaching investigations into Trump's various dealings and personal connections, which Trump again decried this week as "<a href="https://www.politico.com/story/2019/03/05/trump-house-democrats-corruption-probe-1203583">presidential harassment</a>."</p><p class='black-text'>A report in the Guardian on Friday revealed that they'd identified some of the individuals behind <a href="https://www.theguardian.com/world/2019/mar/08/trump-inauguration-money-shell-companies-revealed">three shell companies that obscured contributions to Trump's campaign</a> from foreign influencers. Each of the shell companies gave $25,000 to Trump's inaugural committee. US law bans nonresident foreigners from donating to political campaigns of any kind, including inaugurations; those found to have violated this stipulation could face fines or prosecution, though the Federal Elections Commission has been understaffed and has previously been criticized for not doing enough to combat foreign influence. The Guardian traced the three shell companies back to a lobbyist with connections to Taiwan, an Israeli citizen, and an Indian real estate investor, all of whom have denied wrongdoing.</p><p class='black-text'>Lastly, the <a href="https://www.nytimes.com/2019/03/06/us/politics/us-trade-deficit.html">US trade deficit on goods hit a record peak of $891.3 billion</a> in 2018, thanks at least in part to Trump's $1.5 trillion tax cut. Since Trump imposed tariffs on steel, aluminum, and other Chinese goods, the trade deficit swelled up by 12.5% from 2017, or nearly $70 billion dollars. Trump's trade wars have cost the US at least $19.2 billion, with Americans paying at least $12.3 billion to the government in tariffs while losing $6.9 billion in income due to trade-war-related market disruptions. The jobs report also showed somewhat slowing growth on Friday, though unemployment levels dipped back down to just under 4%.</p> http://www.pws.io/trump-weekly-whos-lying Sat, 09 Mar 2019 11:24:25 -0500 Ariel Courage Markets Close Lower on Jobs Report and China News http://www.pws.io/markets-close-lower-on-jobs-report-and-china-news <p class='black-text'>The markets were lower today thanks to a weak session overnight in China as well as a weak jobs number here in the States. Though all of the major indices closed off their lows of the session, the Dow 30 still lost 22, the S&P 500 sold off 5, and the Nasdaq closed lower by 13, marking the worst week of the year for stocks.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil was a weak spot today as global growth concerns weighed on nearly all energy-related areas. Oversupply continues to be a concern despite OPEC committing to cutting production this month. Despite the drop today, oil still remains in a technical range.</p><p class='black-text'>Transports continued their selloff to mark the worst week of the year. Technical traders note the pullback to the 50-day moving average as the next likely support area, which it nearly reached today.</p><p class='black-text'>Stock News</p><p class='black-text'>Big Lots <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BIG"><span style="color:#333">(</span><span style=";">BIG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BIG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BIG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BIG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares soared today as the company announced earnings that came in much better than Wall Street's expectations. Earnings came in at $2.68 per share, which was $0.38 better than average analyst expectations. Revenue and store sales were also big focuses, as the company blew away expectations on both. Shares moved out of a technical base today, rapidly approaching the 200-day moving average.</p><p class='black-text'>Exxon Mobil <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XOM"><span style="color:#333">(</span><span style=";">XOM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XOM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XOM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XOM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower again today as the company was downgraded by Cowen to market perform. The analyst cited the long-term dividend commitment as a negative, stating that investors would be more interested in free cash flow in general. Earlier this week the company announced a $6.5 billion investment to grow the business.</p><p class='black-text'>Costco <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/COST"><span style="color:#333">(</span><span style=";">COST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="COST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="COST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="COST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher today as the company reported earnings that easily beat expectations. Revenue did miss slightly, but the company said they saw increased sales as well as strong online sales. They also announced they would raise their starting pay for employees to $15 an hour from $14. That is the second time in less than 12 months the company has raised their wages.</p> http://www.pws.io/markets-close-lower-on-jobs-report-and-china-news Fri, 08 Mar 2019 16:55:36 -0500 Dustin Tibbitts Selling Puts on CVS? http://www.pws.io/selling-puts-on-cvs <p class='black-text'>This week we'll focus on CVS Health Corporation <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CVS"><span style="color:#333">(</span><span style=";">CVS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CVS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CVS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CVS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which has been in the news quite a bit since releasing earnings just two weeks ago. The company reported earnings that were less than stellar thanks to increasing costs and a struggling long-term care business. For traders this means more volatility - which could mean more trade opportunity.</p><p class='black-text'>If you look at the price of the stock since reporting earnings, shares have fallen every single day for a total of 12 consecutive days. Nearly every one of those days also saw the stock push to new lows. Since the gap lower on earnings the stock has fallen an additional 20%, many will be looking for a short term bounce or pause in decline.</p><p class='black-text'>A move to the $50 area would put it down over 20% (not including the earnings gap) and a quick check of the options market shows that investors are currently pricing in a 28% chance that it falls lower than that over the next month. With this in mind, we'll use a simple option trade to participate in those odds.</p><p class='black-text'>Looking at April's monthly expiration, we'll focus on the $50 put, which is currently selling for about $1.20. If we sold that put for $1.20 it puts our breakeven at $48.80 which should be more than enough wiggle room for this weak stock to move around. Our goal would be to profit around $0.60 on the trade in total which means we would like a rapid bounce off this area or for the stock to trade sloppily in a range until closer to expiration.</p> http://www.pws.io/selling-puts-on-cvs Thu, 07 Mar 2019 17:31:39 -0500 Dustin Tibbitts Stock Market Selloff Continues http://www.pws.io/stock-market-selloff-continues-1 <p class='black-text'>The markets sold off a little more today as overnight news of a reduced growth forecast from the European Central Bank confirmed concerns about a slowdown in the EU. The ECB announced a new round of cheap money for banks and held interest rates unchanged, which sparked the decline overnight. The Dow 30 closed lower on the day by 202, the S&P 500 sold off 22, and the Nasdaq closed lower on the day by 84.</p><p class='black-text'>Sector News</p><p class='black-text'>Metals and mining stocks sold off again today. They're now lower by about 8% since hitting a high back in late February. Technical traders note the pullback to the 50-day moving average and ponder the potential of short-term support.</p><p class='black-text'>Gold miners <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GDX"><span style="color:#333">(</span><span style=";">GDX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GDX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GDX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GDX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> were one of the leading areas today as potential deals between the two largest holdings in the ETF continue to receive investor speculation. Barrick Gold <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOLD"><span style="color:#333">(</span><span style=";">GOLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which is 11% of the sector ETF, enjoyed a strong day today.</p><p class='black-text'>Transports <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/IYT"><span style="color:#333">(</span><span style=";">IYT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="IYT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="IYT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="IYT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continued their string of selling days today as the sector continues to suffer steady losses. Just this week the sector has lost over 3% and is rapidly approaching the 50-day moving average.</p><p class='black-text'>Stock News</p><p class='black-text'>American Eagle Outfitters <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AEO"><span style="color:#333">(</span><span style=";">AEO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AEO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AEO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AEO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower on the day despite the company reporting earnings that came in better than expected. The company reported revenue that was less than expected along with weaker profits in the current quarter, which investors chose to focus on. The company cited increased spending on opening new stores and marketing as the reason for the miss. Shares have remained in a range between $20 and $22 so far this year.</p><p class='black-text'>Kroger <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KR"><span style="color:#333">(</span><span style=";">KR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off hard today as the company reported a rare earnings miss. The report also included a revenue miss thanks in part to slowing sales. Investors also focused on lower guidance going forward. This came as a bit of a shock to investors as the company has beaten on earnings 68% of the time and revenue 63% of the time over its lifetime. Shares of the nation's largest operator of traditional grocery stores fell to 9-month lows.</p><p class='black-text'>Barnes & Noble <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BKS"><span style="color:#333">(</span><span style=";">BKS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BKS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BKS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BKS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off double digits today despite the company reporting earnings that beat by 14 cents. The company saw revenue decline along with operating profits. Forward guidance did not impress investors. Shares are now lower by about 30% on the year.</p> http://www.pws.io/stock-market-selloff-continues-1 Thu, 07 Mar 2019 17:28:01 -0500 Dustin Tibbitts Markets Continue to Stall Near Highs http://www.pws.io/markets-continue-to-stall-near-highs <p class='black-text'>The markets were lower today as investors continue to look for bullish catalysts to grab onto. Today also marked the 10 year anniversary of the bull market. The Dow 30 closed lower on the day by 132, the S&P 500 sold off 18, and the Nasdaq lost 70. Tomorrow's earnings reports come from names like Barnes & Noble <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BKS"><span style="color:#333">(</span><span style=";">BKS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BKS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BKS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BKS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, Costco <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/COST"><span style="color:#333">(</span><span style=";">COST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="COST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="COST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="COST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, and H&R Block <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HRB"><span style="color:#333">(</span><span style=";">HRB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HRB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HRB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HRB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> among others.</p><p class='black-text'>Sector News</p><p class='black-text'>Crude Oil sold off today as the weekly inventory reports showed a sizable increase in US crude stockpiles. Analysts were expecting a draw of around 9 million barrels but reports showed an increase of 7 million. Oil remains near the highs of the year but has traded sideways over the last few weeks.</p><p class='black-text'>Semiconductors were one of the weaker areas today as the sector continues to see profit-taking in the short term. This week the semiconductor index has pulled back to the 20-period moving average, a technical indicator the bulls will likely be focused on going forward.</p><p class='black-text'>Stock News</p><p class='black-text'>General Electric <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GE"><span style="color:#333">(</span><span style=";">GE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was back in focus today after the CEO commented yesterday that they would show a negative free cash flow for 2019. Bank of America lowered their price target to $12 from $13 on this news and JP Morgan <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JPM"><span style="color:#333">(</span><span style=";">JPM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JPM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JPM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JPM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> was quick to point out their $6 price target. The stock has lost 20% in just the last 8 trading sessions.</p><p class='black-text'>Abercrombie & Fitch <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ANF"><span style="color:#333">(</span><span style=";">ANF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ANF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ANF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ANF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher today as the company was the latest retailer to announce strong Q4 earnings. The company beat analyst expectations by 20 cents per share, with revenue that was also better than expected. Store sales showed a pop of 3% which was double Wall Street's expectations.</p><p class='black-text'>Dollar Tree <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DLTR"><span style="color:#333">(</span><span style=";">DLTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DLTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DLTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DLTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares moved back towards highs today as the company beat on earnings by a penny. Revenue was also better than expected and investors focused on the announcement of a new effort to optimize their store chain, including the closure of 390 Family dollar stores.</p><p class='black-text'>Urban Outfitters <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/URBN"><span style="color:#333">(</span><span style=";">URBN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="URBN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="URBN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="URBN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in the news today after releasing earnings that came in better than expected along with revenue that was as expected. The stock sold off from highs on news that the company would suffer a weak start to the year thanks to its own "costly mistakes" and colder weather.</p> http://www.pws.io/markets-continue-to-stall-near-highs Wed, 06 Mar 2019 18:59:46 -0500 Dustin Tibbitts Stock Market ETF Update http://www.pws.io/stock-market-etf-update <p class='black-text'>The markets have started the week looking for any reason to move higher or lower. The S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> remains at a key technical resistance area and neither the bulls nor bears have taken any full control this week.</p><p class='black-text'>The Nasdaq 100 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has been in a similar position but showing a little more strength than the other major indices. The QQQ remains above the 200-day moving average and is holding steady for now.</p><p class='black-text'>Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continue to be a lagging area of the market again this week as technical traders are waiting for the next catalyst to push it over the 200-day moving average. For now, the sector remains in a choppy range just under the 200-day moving average, about 20% off their lows.</p><p class='black-text'>Retail <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XRT"><span style="color:#333">(</span><span style=";">XRT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XRT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XRT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XRT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has picked up some steam thanks to positive results from some big names in the retail space. The retail sector recently broke out of a small range but has been struggling to attract the bulls after the weakest retail sales numbers since the financial crisis.</p><p class='black-text'>Communication Services <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLC"><span style="color:#333">(</span><span style=";">XLC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> showed some strength early this week thanks in part to some of the FANG names. The sector remains at the upper end of a sideways range that it has been holding onto since mid-January. Technical traders note this as the likely sector to enjoy greater returns should the markets find the strength to move higher.</p><p class='black-text'>REITs <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ICF"><span style="color:#333">(</span><span style=";">ICF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ICF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ICF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ICF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> continue to be a bull monster, refusing to pull back after a rapid, sharp run back to highs. This week all attempts to pull back have been immediately erased. In some cases the reversals took place intraday. For the year the sector remains one of the better performers, up over 15%.</p> http://www.pws.io/stock-market-etf-update Wed, 06 Mar 2019 15:41:28 -0500 Dustin Tibbitts Markets Neutral, Awaiting Next Catalyst http://www.pws.io/markets-neutral-awaiting-next-catalyst <p class='black-text'>The markets traded in a range most of the day today between negative and positive. A late day rally put the major averages in the green but by the close the slumped just into the negative.. The Dow 30 closed lower by 12, the S&P 500 lost 3, and the Nasdaq closed lower on the day by 1. Tomorrow investors will be focused on a few retail names reporting earnings including Abercrombie & Fitch <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ANF"><span style="color:#333">(</span><span style=";">ANF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ANF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ANF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ANF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Dollar Tree <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DLTR"><span style="color:#333">(</span><span style=";">DLTR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DLTR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DLTR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DLTR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Sector News</p><p class='black-text'>Retail was a strong area today thanks to positive results from some big names in the retail space. The retail sector recently broke out of a small range but has been struggling to attract the bulls after the weakest retail sales numbers since the financial crisis.</p><p class='black-text'>Financials were a lagging area of the market again as technical traders are waiting for the next catalyst to push it over the 200-day moving average. For now the sector remains in a choppy range just under the threshold.</p><p class='black-text'>Stock News</p><p class='black-text'>Target <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TGT"><span style="color:#333">(</span><span style=";">TGT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TGT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TGT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TGT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today, breaking out of a multi-month base as the company reported earnings that were just better than expected. Revenue was also better than expected thanks to an uptick in sales, which came in at 5.3% versus expectations of only 5.1%. The company was also positive going forward, announcing a full year forecast that was better than Wall Street's expectations. Technical traders note the approaching 200-day moving average.</p><p class='black-text'>Kohl's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KSS"><span style="color:#333">(</span><span style=";">KSS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KSS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KSS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KSS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares also had a strong day from their earnings results. The company reported a beat by 6 cents with revenue higher than expected as well. The company also saw same-store sales increase more than analysts expectations, which further fueled the bulls today. Technical traders note the resistance overhead in the form of price and the 200-day moving average.</p><p class='black-text'>Salesforce.com <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CRM"><span style="color:#333">(</span><span style=";">CRM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CRM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CRM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CRM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares traded a little lower today despite the company easily beating earnings expectations along with better-than-expected revenue. The company saw weakness in share price as they announced Q1 forecasts that were less than expected. Shares are still one of the relatively strong stocks over the last 12 months.</p><p class='black-text'>Limited Brands <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LB"><span style="color:#333">(</span><span style=";">LB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were slightly higher today as the company has been reportedly pressured to split Bath & Body Works from its Victoria's Secret brands. The Wall Street Journal reported the news that a hedge fund investor will be pushing the issue in the form of a letter of intent to the CEO.</p> http://www.pws.io/markets-neutral-awaiting-next-catalyst Tue, 05 Mar 2019 16:53:47 -0500 Dustin Tibbitts China Uses "Social Credit" Program to Bar Millions From Traveling http://www.pws.io/china-uses-social-credit-program-to-bar-millions-from-traveling <p class='black-text'>In a move that has shocked the western world, China has implemented a new "<a href="https://www.theguardian.com/world/2019/mar/01/china-bans-23m-discredited-citizens-from-buying-travel-tickets-social-credit-system">social credit</a>" system. Now, reports have revealed that the system is being used to block certain citizens from traveling based on certain behaviors and minor past offenses that appear on their permanent record.</p><p class='black-text'>According to the National Public Credit Information Center, this new rule has affected around <a href="https://www.theguardian.com/world/2019/mar/01/china-bans-23m-discredited-citizens-from-buying-travel-tickets-social-credit-system">17.5 million </a>transactions in 2018 across the nation. The ban isn't only limited to airfare; <a href="https://www.theguardian.com/world/2019/mar/01/china-bans-23m-discredited-citizens-from-buying-travel-tickets-social-credit-system">5.5 million</a> train ticket transactions were also affected.</p><p class='black-text'>The system has been criticized by the West for being too "<a href="https://www.technologyreview.com/the-download/613070/chinas-social-credit-system-stopped-millions-of-people-buying-travel-tickets/">Orwellian</a>," with many questioning the ethics behind such closely monitored, state-sponsored surveillance systems that often involve <a href="https://tech.co/news/china-social-credit-tech-dystopia-2019-03">genetic sequencing</a>. Western companies like Massachusetts-based Thermo Fisher Scientific Inc. <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMO"><span style="color:#333">(</span><span style=";">TMO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have stopped selling or assisting its genetic sequencing products to the province of Xinjiang after receiving word that its technology was used as part of the program. s</p><p class='black-text'>The social credit system was apparently initiated in <a href="https://tech.co/news/china-social-credit-tech-dystopia-2019-03">2013</a>, when the ruling party began targeting "indebted citizens" on a supposed blacklist. The government has a network of informers and integrated AI systems that collect and collate disparate pieces of information about individuals and store them in a centralized database, effectively creating personal dossiers for people. It acts much like a credit score, but includes nonfinancial factors. The central database could include things like tax reports, fine payments, criminal history, and debt records, which are aggregated to eventually <a href="https://tech.co/news/china-social-credit-tech-dystopia-2019-03">produce each person's social credit score.</a> Beyond travel, people can also be restricted from <a href="https://www.theguardian.com/world/2019/mar/01/china-bans-23m-discredited-citizens-from-buying-travel-tickets-social-credit-system">purchasing insurance, real estate, or investment products</a>. The system isn't limited to individuals; it can also impact large corporations by preventing the from bidding on certain projects or issuing debts.</p><p class='black-text'>The report further stated that more than 14 million data points of "untrustworthy conduct" last year, including scams, unpaid loans, false advertising and occupying reserved seats on a train. According to a government document regarding the system from 2014, the social credit initiative's <a href="https://www.theguardian.com/world/2019/mar/01/china-bans-23m-discredited-citizens-from-buying-travel-tickets-social-credit-system">aim</a> is to "allow the trustworthy to roam everywhere under heaven while making it hard for the discredited to take a single step."</p><p class='black-text'>The government has also gone on to state that <a href="https://www.theguardian.com/world/2019/mar/01/china-bans-23m-discredited-citizens-from-buying-travel-tickets-social-credit-system">3.5 million</a> people and companies paid taxes or debts they owed because of the social credit system, raising questions regarding its efficiency. Though the system may be considered conventionally "efficient," it is certainly not equitable, as it redistributes resources in a way that does not take into account people's economic backgrounds.</p> http://www.pws.io/china-uses-social-credit-program-to-bar-millions-from-traveling Mon, 04 Mar 2019 19:30:12 -0500 Tamanna Chhibbar Why we use moving averages. http://www.pws.io/why-we-use-moving-averages <p class='black-text'>Ever wonder why moving averages are used by so many traders? It seems that no matter which chart you look at there is always at least one moving average on there. Is it a self fulfilling prophecy at this point that because so many traders use them that we are all responding to them or is there something more to them? If so, how can we make the most of it?</p><p class='black-text'>There are three extremely popular moving averages that seem to be used on almost any time frame. First is the 20 period moving average which is used more for the short term traders but can also be used for longer term traders looking for clues in the short term. The second is the 50 period moving average which is typically used on a daily time period to help those in the mid to long term identify changes in trend. The last is the granddaddy of all, the 200 moving average. This is also typically used on a daily time period.</p><p class='black-text'>The first thing that so many traders use this for is simply to identify trend. The moving averages offer a quick way to see the consistency of an uptrend or downtrend. If you are long a stock and it's trending above the 20 day moving average then you would be hard pressed to find someone interested in selling that stock.</p><p class='black-text'>The other thing traders use these moving averages for is to gauge over extension. Look at any stock or index and you can see that if it moves to sharply away from it's 20 day moving average (or any for that matter) then it will always come back to it. Typically when a stock snaps back towards the moving averages it happens rather abruptly as well so traders will always want to be on alert for a stock that is moving to sharply away from the moving average.</p><p class='black-text'>Moving averages are no magic indicator, rather an additional tool you can use to identify moments in time where you may want to enter with others or simply close a position.</p> http://www.pws.io/why-we-use-moving-averages Mon, 04 Mar 2019 18:24:48 -0500 Dustin Tibbitts Markets Sell Off on Trade News and Econ Numbers http://www.pws.io/markets-sell-off-on-trade-news-and-econ-numbers <p class='black-text'>The markets started the day higher on news of the China/US trade deal potentially coming by month's end, but sold off as construction spending dropped more than expected. This, along with investors believing that a trade deal is already baked into prices, pulled markets lower on the day. The Dow ultimately closed lower on the day by 204, the S&P 500 sold off 10, and the Nasdaq closed lower by 17, though all major indices were off their lows of the session.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil was a focus today as prices headed higher on the potential for a trade deal and general supply cuts by OPEC nations. Oil has been chopping around near highs recently, finding new resistance at the $58 per barrel area. Since hitting lows back in December the price per barrel is now higher by about 33%.</p><p class='black-text'>Homebuilders continued their rally today and were one of the better performing areas of the markets. Ever since the homebuilders led the markets lower, they've been able to recover and erase all of those declines. Technical traders note the strong overhead resistance, suggesting this will be a stopping point for now in the sector.</p><p class='black-text'>Homebuilding stocks were near tops of S&P 500's list.</p><p class='black-text'>Stock News</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were in the news today for their announcement of the new Model Y, an SUV expected to cost about 10% more than the Model 3. The unveiling of the new SUV will come on March 14th and will reportedly offer a shorter range due to its size. The news today sort of overshadowed the companies payment of their $920 million convertible bond in cash on Friday. Shares sold off on concerns that the Model Y ramp up will hurt Model 3 sales.</p><p class='black-text'>Amazon <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/AMZN"><span style="color:#333">(</span><span style=";">AMZN</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="AMZN" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="AMZN" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="AMZN" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today on an upgrade from Evercore. The company raised their price target to $1,965 from $1,800, citing gross profit growth as the key metric for their decision. Evercore says that due to additional businesses the company will see gross profit grow faster than revenue over the next three years.</p><p class='black-text'>AT&T's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/T"><span style="color:#333">(</span><span style=";">T</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="T" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="T" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="T" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> recently acquired CNN brand is about to get a makeover. The company is reportedly looking into shaking things up at the executive level as the channel is "not reaching its potential." Shares of AT&T were lower on the day.</p><p class='black-text'>Kraft Heinz <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KHC"><span style="color:#333">(</span><span style=";">KHC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KHC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KHC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KHC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today as Morgan Stanley <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MS"><span style="color:#333">(</span><span style=";">MS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> upgraded the stock. The company says that the earnings and dividend cuts are now priced into the stock. Kraft shares have been hovering near lows since the massive earnings drop after the company announced slowing sales.</p> http://www.pws.io/markets-sell-off-on-trade-news-and-econ-numbers Mon, 04 Mar 2019 17:14:11 -0500 Dustin Tibbitts IPO Markets Ready Themselves for Action http://www.pws.io/ipo-markets-ready-themselves-for-action <p class='black-text'>While February is typically known to be a slower month for IPOs, the same cannot be said for March. In addition to the typical upswing in activity, there are also big name IPOs making their way to offerings, which may spur even more action going forward.</p><p class='black-text'>While the media attention continues to stir around Lyft and the latest reports out of that company, which is currently prepping for an IPO later this year, this week we will have two names that actually launch.</p><p class='black-text'>First up we have Futu Holdings <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/FHL"><span style="color:#333">(</span><span style=";">FHL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="FHL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="FHL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="FHL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which is a rapidly growing investing platform over in Hong Kong. Similar to the low cost fin-tech platforms here in the states, Futu is technology-focused and making ultrafast strides in user experience, which has attracted a rapidly growing user base. They will be the largest offering of the week, looking to raise $120 million by offering up 10 million shares at a range of $10 - $12. This would give the company a valuation of just over $1.3 billion.</p><p class='black-text'>The other offering of the week comes to us out of California and is in the biotech space. ShockWave Medical <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SWAV"><span style="color:#333">(</span><span style=";">SWAV</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SWAV" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SWAV" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SWAV" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> will be looking for $75 million this week to continue development of its sonic wave device, which they hope they can expand on to treat cardiovascular disease. Currently the company operates at a heavy loss. They will offer up 5 million shares at a range of $14 - $16, which would give them a valuation of nearly a half of a billion dollars with only $12 million in sales last year.</p> http://www.pws.io/ipo-markets-ready-themselves-for-action Mon, 04 Mar 2019 06:20:34 -0500 Dustin Tibbitts Cryptocurrency Week of March 3 in Review http://www.pws.io/cryptocurrency-week-of-march-3-in-review <p class='black-text'>As February drew to a close, the biggest news was that <a href="https://www.coindesk.com/swiss-banking-giant-julius-baer-to-offer-digital-asset-services">Julius Baer </a>announced it will partner with SEBA Crypto AG to offer digital asset services late this year. The Swiss private bank and crypto banking startup plan to allow clients to access coin storage, transaction, and investment solutions, pending Swiss regulatory approval. Julius Baer said that it is convinced digital assets including cryptocurrency will become a legitimate asset class in investors' portfolios. SEBA is slated to launch banking operations in the second quarter and an initial coin offering (ICO) in the third quarter.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'>Coinbase made many moves this week to expand its coin offerings and customer base. The American exchange added support for the Ripple (XRP) token to Coinbase Pro. Now most customers can fully transact with and trade XRP against US dollars (USD), euros (EUR), and Bitcoin (BTC). Coinbase also announced a partnership with fintech startup SoFi to enable the online lender's customers to invest in cryptocurrency. Finally, <a href="https://www.coindesk.com/bitcoin-delete-coinbase-neutrino-crypto">Coinbase acquired Neutrino</a>, a UK-based blockchain analysis firm, for an undisclosed amount. The controversial move resulted in several users tweeting that they deleted their Coinbase accounts. Some users are angry that Neutrino allegedly aided Saudi Arabia, United Arab Emirates, and Ethiopia with surveillance and human rights abuses.</p><p class='black-text'>French president <a href="https://www.coindesk.com/french-president-says-blockchain-could-put-europe-at-vanguard-of-innovation">Emmanuel Macron</a> called for the increased use of technologies like blockchain in the agriculture industry to boost food authentication and traceability. Macron said he wants Europe to be at the vanguard of agricultural data. He added he wants the industry to track every kind of produce from raw material production to packaging and processing. In his International Agricultural Fair speech, Macron also expressed his desire to protect farmers and consumers from climate change, spur more ecological farming practices, and potentially establish a European task force to standardize quality and fight food fraud. Macron stressed that technological innovation is key to benefiting consumers.</p><p class='black-text'>Crypto prices rose slightly this week to $130 billion, and Bitcoin and the overall market finally ended a month in the green. Ethereum (ETH), EOS, and Tron (TRX) all fell hard, but Litecoin (LTC) and the rest of the coins pulled market cap upward. In the top 100, the biggest losers are SophiaTX (SPHTX), down 17%, Apollo Currency (APL), down 17%, and Electroneum (ETN), down 16%. The biggest gainers are ABBC Coin (ABBC), up a whopping 211%, Ravencoin (RVN), up 104%, and Clams (CLAM), up 58%. As Bitcoin's recent trading range has tightened, traders will watch for a breakout from the $3,700 to $3,900 area.</p><p class='black-text'><i>The author owns a small amount of BTC and LTC.</i></p> http://www.pws.io/cryptocurrency-week-of-march-3-in-review Mon, 04 Mar 2019 06:11:03 -0500 Eric Yao Trump Weekly: North Korea and Michael Cohen Fallout http://www.pws.io/trump-weekly-north-korea-and-michael-cohen-fallout <p class='black-text'>Trump had his second meeting with North Korean leader Kim Jong Un this week in Hanoi, Vietnam. The two planned to follow up on the historic summit they had in June 2018, during which both Trump and Kim made commitments - albeit vague ones - to denuclearization. On Thursday, however, the talks abruptly collapsed after the leaders were unable to come to an agreement about sanctions or progress.</p><p class='black-text'><a href="https://www.nytimes.com/2019/02/28/world/asia/trump-kim-vietnam-summit.html">According to Trump</a>, "Basically they wanted the sanctions lifted in their entirety, and we couldn't do that. We had to walk away from that." However, <a href="https://apnews.com/85250b96c38b4a238139e753302d9742">two other members of the US delegation</a> to North Korea contradicted this claim, saying that Kim only wanted a rollback of UN sanctions first imposed in 2016, not the complete removal of all sanctions over the past decade.</p><p class='black-text'>It's unclear what the path forward will be, though Trump seems to be offering continued goodwill to Kim and North Korea. Trump even defended Kim in the death of Otto Warmbier, a young American who fell into a coma during his detainment in North Korea and ultimately died shortly after his release. Trump said Kim told "[him] he didn't know about it, and I take him at his word." Warmbier's <a href="https://www.washingtonpost.com/politics/otto-warmbiers-family-responds-to-trumps-defense-of-kim-jong-un-saying-kims-evil-regime-is-responsible-for-their-sons-death/2019/03/01/294898c4-3c32-11e9-a2cd-307b06d0257b_story.html">parents have publicly criticized</a> Trump's glib acceptance of Kim's claim.</p><p class='black-text'>Trump's former longtime attorney, fixer, and personal confidant Michael Cohen testified before Congress this week. He testified first before the Senate and then before the House. Only one of three total days of testimony was made public. In the public portion of his testimony, Cohen accused Trump of "criminal conduct" both while campaigning and while in office. He alleged that Trump knew in advance of WikiLeak's plan to release hacked DNC emails intended to damage rival candidate Hillary Clinton's credibility and that Trump knew Roger Stone was in communication with WikiLeaks about the matter. Cohen also confirmed that he had paid hush money to women with whom Trump had affairs. Cohen also said he did not have direct evidence of Russia collusion, but had reason to suspect this was the case, such as Donald Trump Jr.'s meeting with a Russian lawyer who promised dirt on Hillary Clinton in June 2016 - a meeting that Trump Jr. previously denied having, but now claims was actually about adopting Russian children. Cohen also described his personal views of Trump as <a href="https://www.washingtonpost.com/politics/cohen-tells-congress-trump-knew-about-wikileaks-plans-directed-hush-money-payments/2019/02/27/f2784a20-3acd-11e9-a2cd-307b06d0257b_story.html">"racist," "conman," and a "cheat." </a></p><p class='black-text'>Congress will seek further testimony from Cohen in March, along with other Trump Organization notables, such as Felix Sater, who worked on the Moscow Trump Tower project, and former <a href="https://www.thedailybeast.com/house-intel-will-call-trump-org-moneyman-allen-weisselberg-to-testify">Chief Financial Officer Allen Weisselberg</a>. They're also reportedly <a href="https://www.politico.com/story/2019/02/28/house-oversight-trump-cohen-testimony-1196594">seeking testimony from Ivanka Trump and Trump Jr</a>. Trump, for his part, has dismissed Cohen as a liar who has given "<a href="https://www.washingtonpost.com/politics/trump-lambastes-cohen-pointing-to-reportedly-favorable-book-written-by-his-former-lawyer/2019/03/01/65f77998-3c23-11e9-a2cd-307b06d0257b_story.html">fake testimony.</a>"</p><p class='black-text'>In other scandal-related news, the investigation into Trump's inaugural committee continued this week, as the attorney general for the city of <a href="https://www.nytimes.com/2019/02/27/us/politics/trump-inaugural-committee.html">Washington D.C. subpoenaed documents</a>. It is the third government agency to open an inquiry into the committee, how it accrued $107 million, and how it spent these funds. New documents have also revealed that Trump directly issued orders for his son-in-law, Jared Kushner, to receive security access, despite his previous claims that he <a href="https://www.nytimes.com/2019/02/28/us/politics/jared-kushner-security-clearance.html">had no involvement in the matter.</a></p> http://www.pws.io/trump-weekly-north-korea-and-michael-cohen-fallout Sat, 02 Mar 2019 08:22:22 -0500 Ariel Courage Is COST Ready to Break Out? http://www.pws.io/is-cost-ready-to-break-out <p class='black-text'>Today we will look at a popular retail stock here in the States. Costco Wholesale <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/COST"><span style="color:#333">(</span><span style=";">COST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="COST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="COST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="COST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is a warehouse, bulk shopping club similar to Sam's Club, which is owned by Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Like the markets at large, for the first part of the year Costco shares have enjoyed a strong rally off lows. Year to date the stock is higher by about 9%. Like many stocks, it's currently sitting right at its 200-day moving average. The difference between this name and many of the others is how it has behaved while near this threshold.</p><p class='black-text'>On February 19th, the stock pushed into the 200-day for the second time this year. Unlike the first time, however, it was able to poke through and not suffer much of a pullback. Instead, the stock pushed repeatedly at the highs, attempting to push comfortably over the 200-day moving average.</p><p class='black-text'>The interesting part is when you look at the lows from February 19th to now. Looking at all the lows, you quickly see how it's pulling back less and less. Having highs that are relatively equal and lows that are rising as they are suggests that investors are unwilling to sell, and those that are willing to sell are able to find buyers rather quickly.</p><p class='black-text'>For this reason, we'll be looking to play the potential break above that range. An entry at $219.85 allows one to participate in the breakout as it happens. The upside potential is well over $225. However, this trade has one big warning: earnings are due on March 7th and anything is possible. Trading between now and then shouldn't be an issue, but investors are highly cautioned to weigh your options ahead of earnings in case there's a large downside surprise.</p> http://www.pws.io/is-cost-ready-to-break-out Fri, 01 Mar 2019 06:04:57 -0500 Dustin Tibbitts Markets Pull Back Off Highs http://www.pws.io/markets-pull-back-off-highs <p class='black-text'>The markets continue to hover near highs as investors are content to simply hold on at these levels. Today investors responded to the lack of a deal between Trump and Kim out of Vietnam as well as a handful of names reporting earnings that were less than expected. The Dow 30 closed the day lower by 70, the S&P 500 lost 7, and the Nasdaq sold off 21.</p><p class='black-text'>Sector News</p><p class='black-text'>REITs saw the bulls come back today after only a brief pullback this week. The sector moved back above the 20-day moving average after falling below it yesterday for the first time all year long. Despite a small uptick in rates, REITs continue to show consistent strength. For the year the ICF <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/ICF"><span style="color:#333">(</span><span style=";">ICF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="ICF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="ICF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="ICF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is higher by about 12%.</p><p class='black-text'>Consumer Staples <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLP"><span style="color:#333">(</span><span style=";">XLP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> were another bright spot in the markets today thanks in part to a recovery bounce in Coca-Cola <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KO"><span style="color:#333">(</span><span style=";">KO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which is about 10% of the sector ETF. Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Costco <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/COST"><span style="color:#333">(</span><span style=";">COST</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="COST" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="COST" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="COST" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> stood out as other performers in the sector today.</p><p class='black-text'>Oil Service <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/OIH"><span style="color:#333">(</span><span style=";">OIH</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="OIH" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="OIH" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="OIH" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> stocks were weak on the day in a broad-based selloff that included the larger holdings in the sector like Schlumberger <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SLB"><span style="color:#333">(</span><span style=";">SLB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SLB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SLB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SLB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Halliburton <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HAL"><span style="color:#333">(</span><span style=";">HAL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HAL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HAL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HAL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which make up 35% of the sector ETF.</p><p class='black-text'>Stock News</p><p class='black-text'>JC Penney <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/JCP"><span style="color:#333">(</span><span style=";">JCP</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="JCP" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="JCP" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="JCP" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares enjoyed a strong day today as the company reported earnings that came in much better than expected (beat by 8 cents). Revenue also came in better than expected. The company also said it plans to close 18 stores this year, which investors cheered. Technical traders noted the break above the recent range as well as the move above the long-term downtrend as bullish signals.</p><p class='black-text'>Box <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BOX"><span style="color:#333">(</span><span style=";">BOX</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BOX" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BOX" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BOX" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares plummeted today despite an earnings report that was better than expected. The company saw revenue come in below expectations and investors were shocked at their lowered guidance going forward. The company saw slowing in its billings and customer additions. Shares fell double digits, erasing the entire month's gains all in one fell swoop.</p><p class='black-text'>Square <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SQ"><span style="color:#333">(</span><span style=";">SQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares sold off today as well despite beating on both earnings and revenue. The company offered weak guidance for the current quarter that was well under analysts expectations. For the year the stock still stands out with its gains of over 39%.</p> http://www.pws.io/markets-pull-back-off-highs Thu, 28 Feb 2019 17:31:27 -0500 Dustin Tibbitts Markets Seem Content to Sit Near Highs http://www.pws.io/markets-seem-content-to-sit-near-highs <p class='black-text'>The markets traded in a mostly sideways range today as investors had a slew of political and economic news to digest. The Trump/Kim nuclear summit took place today, along with Fed Chair Powell finishing his remarks and the Michael Cohen testimony, so investors had plenty to focus on. The Dow closed lower on the day by 72, the S&P 500 lost 1, and the Nasdaq closed higher on the day by 5.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil prices popped higher today as nearly every Oil analyst was off on their prediction of another increase in US stockpiles. Weekly inventory reports showed that US stockpiles fell by a whopping 8.6 million barrels last week. The move in oil today officially erased all of Monday's decline.</p><p class='black-text'>REITs continued their pullback today, breaking through the 20-day moving average for the first time this year as investors seem to be content with their trading profits so far. REITs have been one of the standout sectors this week, with a sharp 12% rally off lows.</p><p class='black-text'>Stock News</p><p class='black-text'>Best Buy <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BBY"><span style="color:#333">(</span><span style=";">BBY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BBY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BBY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BBY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares blasted off today as the company reported earnings that came in much better than expected ($2.72 vs. $2.57), along with revenue that was better than hoped. Same-store sales were also a big beat, up 3% where only 2% was expected. The company also guided positive for the 2019 year and offered a 5 cent increase in their dividend. Shares blasted off back above their 200-day moving average for the first time since November.</p><p class='black-text'>Lowe's <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/LOW"><span style="color:#333">(</span><span style=";">LOW</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="LOW" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="LOW" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="LOW" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were also higher on the day thanks to a beat on earnings. The company did see revenue that was just a touch lower than expected along with same-store sales, which ticked lower. The stock has been higher this year, slightly outperforming rival Home Depot <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HD"><span style="color:#333">(</span><span style=";">HD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>.</p><p class='black-text'>Campbell's Soup <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CPB"><span style="color:#333">(</span><span style=";">CPB</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CPB" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CPB" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CPB" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares got a boost off lows today as the company reported earnings that were better than expected by 7 cents along with a beat on revenue. The company continues to see anemic organic sales and a decline in overall profit margins. Today's move higher puts shares back at break even for the year.</p> http://www.pws.io/markets-seem-content-to-sit-near-highs Wed, 27 Feb 2019 16:32:21 -0500 Dustin Tibbitts Sector ETF's find resistance. http://www.pws.io/sector-etfs-find-resistance <p class='black-text'>The markets have started the week trying to continue their win streak. The S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> finds itself right at the 2,800 resistance area that technical traders have noted as a potential sticking point. So far this week that S&P 500 has been unable to push above this area. A lack of positive economic news along with slowdown in the volatility of earnings season has many looking forward for the next catalyst to push markets higher.</p><p class='black-text'>The Nasdaq 100 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/QQQ"><span style="color:#333">(</span><span style=";">QQQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="QQQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="QQQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="QQQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has shown the ability to move beyond it's 200 day moving average and so far this week technical traders have been comfortable with it's ability to hold above the popular indicator. For the year so far the QQQ boasts a gain over over 10%.</p><p class='black-text'>Oil <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/USO"><span style="color:#333">(</span><span style=";">USO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="USO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="USO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="USO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> prices pulled back sharply to start the week as President Trump tweeted his concerns that oil was still priced too high. Prices recovered slightly Tuesday as OPEC seemed to remain steady on it's current production levels despite Trump's concerns. The price of oil has been higher this year as OPEC committed to reduce production in addition to the effects of Venezuelan and Iranian sanctions. In the U.S. analysts expect crude inventories to come in higher for a sixth straight week.</p><p class='black-text'>Financials <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> attempted to recover from an afternoon selloff on Monday just below the 200 day moving average, and have yet to show any signs of a recovery or attempt to push back above that area. The overhead resistance has been a focus point for investors assuming that the popular moving average will act as resistance in the short term. Many technical traders are prepared and ok with the potential for a pullback.</p><p class='black-text'>Regional banks <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KRE"><span style="color:#333">(</span><span style=";">KRE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KRE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KRE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KRE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> have been slightly weaker than their larger rivals this week. The KRE has already begun to pullback from the 200 day moving average which may lend a clue as to the interest by investors to continue to participate in the financial space for now. For the year the regional banks have outperformed the large banking centers by almost double.</p> http://www.pws.io/sector-etfs-find-resistance Wed, 27 Feb 2019 10:51:14 -0500 Dustin Tibbitts Warren Buffett Releases Earnings & Annual Letter to Investors http://www.pws.io/warren-buffett-releases-earnings-annual-letter-to-investors <p class='black-text'>Over the weekend, Berkshire Hathaway <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BRK.A"><span style="color:#333">(</span><span style=";">BRK.A</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BRK.A" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BRK.A" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BRK.A" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> released its<a href="http://www.berkshirehathaway.com/letters/2018ltr.pdf"> annual letter </a>to shareholders. Written by billionaire and legendary investor Warren Buffet, the annual letters are considered informative and easily understandable and read by investors worldwide for their sometimes unconventional wisdom. Although <a href="https://www.reuters.com/article/us-berkshire-results-summary/berkshire-hathaway-inc-reports-results-for-the-quarter-ended-in-december-earnings-summary-idUSKCN1QE0WR">Berkshire Hathaway </a>experienced a rare bad quarter and posted a loss of $25.4 billion in the fourth quarter due to the December stock market downturn, the 2018 letter still gives investors valuable insight.</p><p class='black-text'>First, <a href="https://www.usatoday.com/story/money/2019/02/23/berkshire-hathaway-posts-25-b-q-4-loss-but-operating-earnings-soar/2956610002/">Buffett </a>discussed Berkshire's business results. Buffett recommended investors focus on the earnings performance of Berkshire's broad portfolio, despite bad paper losses for Kraft Heinz <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KHC"><span style="color:#333">(</span><span style=";">KHC</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KHC" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KHC" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KHC" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, one of Berkshire's largest holdings. Buffett noted that a new accounting rule counts the performance of unsold holdings, which can lead to wild swings between paper profits and losses. He emphasized ignoring paper losses and focusing on the earnings of underlying companies. Berkshire said it repurchased $1.3 billion of its own shares in 2018, thanks to the Trump tax cut. The firm signaled it will continue buybacks as long as it still does not believe its shares are overvalued. Buffett also expressed disappointment at the lack of viable companies to acquire at sensible prices. Cash reserves and equivalents remained ample at $112 billion. Finally, Berkshire's stock performance and book value both beat the S&P 500 (INX) index, one of Buffett's major yearly goals.</p><p class='black-text'><a href="https://www.nytimes.com/2019/02/23/business/dealbook/buffett-annual-letter-berkshire.html">Buffett </a>wrote on other issues too. He reassured investors that US government deficits are nothing to worry about, noting that the national debt has increased by a factor of 400 in the last 77 years, and growth has hummed along. He scoffed at the idea of holding gold as a hedge instead of a broad stock index fund, writing on the performance gap: "The magical metal was no match for the American mettle." On corporate debt, Buffett explained that his personal philosophy is to avoid risky leverage, comparing significant debt to Russian roulette. He also discussed corporate taxes, saying that the US government essentially owns a special class of Berkshire stock. Finally, he praised longtime executives Ajit Jain and Gregory Abel, hinting at Berkshire's secret succession plans after his death.</p><p class='black-text'>The annual letter by Berkshire's chief executive suggests Berkshire posted a solid year despite stock market volatility. Although recent developments with Coca-Cola <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KO"><span style="color:#333">(</span><span style=";">KO</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KO" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KO" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KO" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and Kraft Heinz have hurt Berkshire's paper value, Buffett's stellar reputation as a market-beating value investor remains intact. Reading the 2018 letter helps investors gain a glimpse into the mind of one of the world's wealthiest and wisest individuals.</p><p class='black-text'><i>The author does not own any positions in any of the securities above.</i></p> http://www.pws.io/warren-buffett-releases-earnings-annual-letter-to-investors Wed, 27 Feb 2019 07:20:08 -0500 Eric Yao Markets lower in choppy day of trade. http://www.pws.io/markets-lower-in-choppy-day-of-trade <p class='black-text'>The markets finish the day in the red after oscillating between positive and negative on the day thanks to a slew of economic news that was mostly negative. The Dow 30 closed lower by 33, held back in part by Caterpillar <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/CAT"><span style="color:#333">(</span><span style=";">CAT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="CAT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="CAT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="CAT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which was downgraded and Home Depot <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HD"><span style="color:#333">(</span><span style=";">HD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> which missed on earnings. The S&P 500 only lost 2 on the day and the Nasdaq was muted as well with a loss of only 5.</p><p class='black-text'><b>Sector News</b></p><p class='black-text'>Oil prices recovered slightly today as OPEC remains on it's current production levels. The price of oil has been higher this year as OPEC committed to reduce production in addition to the effects of Venezuelan and Iranian sanctions. In the U.S. analysts expect crude inventories to come in higher for a sixth straight week.</p><p class='black-text'>Financials attempted to recover from yesterday afternoon selloff just below the 200 day moving average. The overhead resistance has been a focus point for investors assuming that the popular moving average will act as resistance in the short term.</p><p class='black-text'><b>Stock News</b></p><p class='black-text'>Home Depot <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/HD"><span style="color:#333">(</span><span style=";">HD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="HD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="HD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="HD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower on the day as the company was the latest retailer to report earnings. Results showed earnings lower than expected ($2.09 vs. $2.16) thanks in part to a one time, 16 cent charge related to their Interline Brands division. Revenue was also lower than expected which prompted an increase in their dividend as well as an additional $15 billion share buyback.</p><p class='black-text'>Discovery Communications <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DISCA"><span style="color:#333">(</span><span style=";">DISCA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DISCA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DISCA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DISCA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were lower on the day thanks to earnings as well. The company did report earnings which were better than expected but revenue came in less than Wall Street's predictions. The company did seem positive on guidance for 2019 but the expansion comments come at a cost which investors seemed to be factoring in.</p><p class='black-text'>Tesla <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TSLA"><span style="color:#333">(</span><span style=";">TSLA</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TSLA" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TSLA" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TSLA" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares started the day lower as it was reported that the SEC asked a federal judge to hold Elon Musk in contempt of court on grounds that he violated his social media settlement when he tweeted about production volumes last week. Musk defiantly fought back tweeting "Something is broken with SEC oversight" and commented that he did not break any agreement.</p> http://www.pws.io/markets-lower-in-choppy-day-of-trade Tue, 26 Feb 2019 16:17:08 -0500 Dustin Tibbitts Google Acquires Cloud Startup Alooma http://www.pws.io/google-acquires-cloud-startup-alooma <p class='black-text'>To improve and streamline its data migration processes, Google <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOOGL"><span style="color:#333">(</span><span style=";">GOOGL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOOGL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOOGL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOOGL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has just acquired <a href="https://cloud.google.com/blog/topics/inside-google-cloud/google-announces-intent-to-acquire-alooma-to-simplify-cloud-migration">cloud migration company Alooma. </a></p><p class='black-text'>Alooma is based in <a href="https://www.thestreet.com/technology/google-acquires-alooma-14871280">Israel and California,</a> and essentially helps consolidate, mobilize, and transport data from multiple sources to the cloud. It has previously raised around <a href="https://www.thestreet.com/technology/google-acquires-alooma-14871280">$15 million in funding, </a>though the amount that Google acquired Alooma for still remains undisclosed.</p><p class='black-text'>"The addition of Alooma, subject to closing conditions, is a natural fit that allows us to offer customers a streamlined, automated migration experience to Google Cloud," Google <a href="https://www.thestreet.com/technology/google-acquires-alooma-14871280">said</a>, "and give them access to our full range of database services, from managed open source database offerings to solutions like Cloud Spanner and Cloud Bigtable. This simplified migration path also opens the door for customers to take advantage of all the technologies we have to offer, including analytics, security, AI and machine learning."</p><p class='black-text'>Google itself has multiple open source database solutions like Cloud Spanner and Cloud Bigtable. The acquisition will complement the myriad services Google offers, as it is a pipeline service that could entice consumers to explore more. Some of the other technologies Google offers includes <a href="https://cloud.google.com/blog/topics/inside-google-cloud/google-announces-intent-to-acquire-alooma-to-simplify-cloud-migration">analytics, security, AI, and machine learning. </a></p><p class='black-text'>Alooma also issued a <a href="https://www.alooma.com/blog/alooma-plans-to-join-google-cloud">statement</a> announcing the acquisition: "Data is the lifeblood of business and has only become more important as the volume of information the world produces grows. We've spent the last five years pioneering a seamless system for bringing all that information together quickly, efficiently, and effortlessly for businesses of all shapes and sizes. And today, we are thrilled to share that Alooma has entered into an agreement to join Google Cloud to further this effort, subject to customary closing conditions."</p><p class='black-text'>For Alooma, the move will allow them to transform into a full <a href="https://www.thestreet.com/technology/google-acquires-alooma-14871280">self-service database</a> by leveraging Google's in-house tech expertise and large scale. The acquisition has been the culmination of a natural integration with Google over the years, from <a href="https://www.alooma.com/blog/alooma-plans-to-join-google-cloud">Google Ads and Analytics to Cloud Spanner and BigQuery.</a></p><p class='black-text'>Given that Alooma has over a <a href="https://www.alooma.com/blog/alooma-plans-to-join-google-cloud">thousand consumers and partners</a>, Google will also be able to boast a new and expanded consumer base in the form of Alooma's already-existing loyalists.</p> http://www.pws.io/google-acquires-cloud-startup-alooma Mon, 25 Feb 2019 19:34:25 -0500 Tamanna Chhibbar Walmart Earnings Report Shows Strong Sales http://www.pws.io/walmart-earnings-report-shows-strong-sales <p class='black-text'>Walmart <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/WMT"><span style="color:#333">(</span><span style=";">WMT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="WMT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="WMT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="WMT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> has emerged a winner this earnings season, in light of a stronger online business and increasing customer attraction rates.</p><p class='black-text'>As the company noted in its earnings report from February 19, e-commerce sales rose by <a href="https://www.wsj.com/articles/walmart-posts-strong-holiday-sales-gains-in-u-s-11550580706">4.2% in January, </a>becoming one of the grocery chain's biggest quarterly upticks in a decade. This value exceeded forecasts, which were about <a href="https://www.wsj.com/articles/walmart-posts-strong-holiday-sales-gains-in-u-s-11550580706">3%.</a></p><p class='black-text'>The key to Walmart's success has been accessibility; there's a Walmart store within ten miles of 90% of Americans. An uptick in sales occurred especially in the <a href="https://www.wsj.com/articles/walmart-posts-strong-holiday-sales-gains-in-u-s-11550580706">toys and gifts department,</a> seeing as we have just come out of the holiday season and shoppers are always looking for cheaper gift items. The folding of former competitor Toys R Us and the ongoing struggles at rival Sears <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SHLDQ"><span style="color:#333">(</span><span style=";">SHLDQ</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SHLDQ" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SHLDQ" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SHLDQ" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> may also have helped.</p><p class='black-text'>"We experienced a favorable economic environment in the U.S. for much of the year," which helped lift grocery spending, <a href="https://www.wsj.com/articles/walmart-posts-strong-holiday-sales-gains-in-u-s-11550580706">said</a> Walmart Chief Executive Doug McMillon. "Progress on initiatives to accelerate growth, along with a favorable economic environment, helped us deliver strong comp sales and gain market share," he <a href="https://www.marketwatch.com/story/walmart-us-sales-get-a-bump-from-grocery-and-toys-2019-02-19">added</a>.</p><p class='black-text'>Because results were so much better than expected, Walmart shares rose <a href="https://www.wsj.com/articles/walmart-posts-strong-holiday-sales-gains-in-u-s-11550580706">2.2%</a> on Tuesday as investors were left pleasantly surprised.</p><p class='black-text'>For the full fiscal year, Walmart's US e-commerce sales increased by <a href="https://www.marketwatch.com/story/walmart-us-sales-get-a-bump-from-grocery-and-toys-2019-02-19">40% overall.</a> This has been integral to endowing Walmart with more visibility among consumers, which is its main unique selling proposition. A large part of the e-commerce success can be accredited to the expansion of online grocery pickup services to over <a href="https://www.marketwatch.com/story/walmart-us-sales-get-a-bump-from-grocery-and-toys-2019-02-19">2,100 of Walmart's 4,600 U.S. stores in the past few months.</a></p><p class='black-text'>With respect to new regulations in India in lieu of Walmart's acquisition of Flipkart, McMillon <a href="https://www.wsj.com/articles/walmart-posts-strong-holiday-sales-gains-in-u-s-11550580706">said</a>: "The things that have happened have been disappointing in some way, but they haven't shaken our confidence and excitement about what this is going to mean to the company long term in India. We hope to have an effective, productive dialogue, as it relates to future changes that happen. But in terms of how the business has behaved, it's in line with what we thought it would be."</p> http://www.pws.io/walmart-earnings-report-shows-strong-sales Mon, 25 Feb 2019 19:26:23 -0500 Tamanna Chhibbar Stock Market in the Green on Trade Deadline News http://www.pws.io/stock-market-in-the-green-on-trade-deadline-news <p class='black-text'>The markets were higher today as news from the White House showed that President Trump has moved back the March 1st trade deadline with China, as talks are going well. This sent the markets higher and ultimately closed higher on the day, albeit at the lower end of the days' range. The Dow 30 was higher by 62, the S&P 500 closed higher by 3, and the Nasdaq added 26 on the day. The Dow 30 is now less than 3% from hitting all-time highs.</p><p class='black-text'>Sector News</p><p class='black-text'>Oil prices sold off today after President Trump told OPEC via Twitter that oil prices are too high. Oil has enjoyed a nice gain on the year, but still remains lower over the year. Just this year oil is higher by 20% still thanks to cutbacks from OPEC as well as Venezuela and Iranian sanctions.</p><p class='black-text'>Bank stocks were higher today, officially challenging the 20-day moving average on the big bank sector ETF <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/XLF"><span style="color:#333">(</span><span style=";">XLF</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="XLF" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="XLF" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="XLF" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. For the year the banks have recovered nicely from their December selloff with a double-digit return. All of December's losses have now been erased and the XLF is back to its sideways range seen last October and November.</p><p class='black-text'>Stock News</p><p class='black-text'>GE <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GE"><span style="color:#333">(</span><span style=";">GE</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GE" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GE" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GE" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were sharply higher on the day as the company announced the most recent adjustment in their restructuring plan. The company announced that it will sell its drug division to Danaher <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/DHR"><span style="color:#333">(</span><span style=";">DHR</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="DHR" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="DHR" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="DHR" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> for $21.4 billion. GE plans to use the roughly $21 billion in cash to reduce debt and strengthen the balance sheet. The deal should be done by the end of the year.</p><p class='black-text'>Barrick Gold <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/GOLD"><span style="color:#333">(</span><span style=";">GOLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="GOLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="GOLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="GOLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> officially made their hostile bid for Newmont Mining <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/NEM"><span style="color:#333">(</span><span style=";">NEM</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="NEM" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="NEM" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="NEM" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> in an all-stock tender offer of $18 billion. Shares of both companies traded in a wider range today due to the news.</p><p class='black-text'>Berkshire Hathaway <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/BRK.B"><span style="color:#333">(</span><span style=";">BRK.B</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="BRK.B" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="BRK.B" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="BRK.B" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> shares were higher today following earnings of $2.32 per share, which were nicely above the $1.85 expected. Revenue was lower than expected and and in his annual letter to shareholders Buffett cited the challenges in trying to find a "whale-sized deal." He mentioned he had one on the line, but it got away.</p> http://www.pws.io/stock-market-in-the-green-on-trade-deadline-news Mon, 25 Feb 2019 16:47:19 -0500 Dustin Tibbitts Trading in "No man's land." http://www.pws.io/trading-in-no-mans-land <p class='black-text'>Every now and then you will find a unique point on a chart that you may want to avoid. As technical trader you spend your time trying to find just the right entry point with the least amount of risk. You are also looking for that entry point to be just before the huge profit comes your way right? Well, today we will focus on one particular area that you will certainly want to avoid as it tends to provide low returns and a very low level of accuracy.</p><p class='black-text'>When a stock (or market) finds itself in between the 50 day simple moving average and the 200 day moving average this is known in the trading world as "no man's land." It is a rare time where it seems that no one knows what will happen next. You typically will see a stock, or market chop around sideways in what traders call a base. You could also see many different failed patterns that are normally high odds, and profitable entry points.</p><p class='black-text'>One great example of this is a recent one and happened to occur on the S&P 500 <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SPY"><span style="color:#333">(</span><span style=";">SPY</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SPY" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SPY" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SPY" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>. If you look towards the latter part of January this year you will see that the price moved above the 50 day moving average and then traded sideways. While it seems obvious now that the trend is higher, block off everything that happened from February forward as if you were going back in time to study this chart.</p><p class='black-text'>When the SPY moved above the 50 day moving average it then began to show signs of weakness. At this point the bears thought they had the perfect timing to enter their short position and the bulls thought the SPY had run out of steam. Remember that we just came out of the December drop which pulled the markets back over 20% from their highs so investors were still a little on edge.</p><p class='black-text'>If you were a short seller you saw a good entry and were proven wrong. Just a few days later the price moved up to the 200 day moving average and you thought again that this was a good entry price only to be proven wrong. The bulls that chose to sit on the sidelines were also left out of the next push up and very likely still on the sidelines.</p><p class='black-text'>Take a look back at any stock when it moves between the 50 and 200 day and see if your thoughts or entry areas would have proven successful. Chances are you would have been better off just finding other opportunities instead of jumping in to no man's land.</p> http://www.pws.io/trading-in-no-mans-land Mon, 25 Feb 2019 11:46:22 -0500 Dustin Tibbitts Three IPOs Up for Grabs This Week http://www.pws.io/three-ipos-up-for-grabs-this-week <p class='black-text'>The IPO markets are quiet this week, but there's excitement building. Lyft announced that it will be on offer ahead of its larger rival ridesharing company, Uber. Pinterest also filed confidentially last week as the latest big name IPO to want to list. Slack and Airbnb are two other major names likely to launch this year, provided the broad markets continue to provide an environment for IPOs to be confident in their valuations. A fintech offering or two may even be in the works.</p><p class='black-text'>Still, for this week we just a have a few names looking to raise about $350 million in total.</p><p class='black-text'>First up, the largest offering of the week is a blank check company which hopes to raise $225 million to focus on acquisitions in the energy space. Tortoise Acquisition <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SHLL"><span style="color:#333">(</span><span style=";">SHLL</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SHLL" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SHLL" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SHLL" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> will offer 22.5 million shares at $10 to achieve their goal.</p><p class='black-text'>The largest in terms of valuation is Kaleido Biosciences <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/KLD"><span style="color:#333">(</span><span style=";">KLD</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="KLD" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="KLD" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="KLD" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr>, which is coming to market with a valuation just over $700 million. Their management team is led by some former executives at big pharma. They plan to offer 4.7 million shares at a range of $20 -$22.</p><p class='black-text'>The last name of the week is in the fast pace, e-sports gaming space. Super League Gaming <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/SLGG"><span style="color:#333">(</span><span style=";">SLGG</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="SLGG" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="SLGG" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="SLGG" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> also happens to be the only IPO this week that has any sales. Though the company is still unprofitable, they are looking to further capitalize on the space by offering 2.2 million shares at a range of $10 - $12 in hopes of raising $25 million. With about $1 million in revenue for the last 12 months, they are coming to market with a valuation of just about $100 million.</p> http://www.pws.io/three-ipos-up-for-grabs-this-week Mon, 25 Feb 2019 07:17:52 -0500 Dustin Tibbitts Cryptocurrency Week of February 24 in Review http://www.pws.io/cryptocurrency-week-of-february-24-in-review <p class='black-text'>Perhaps the biggest news of the third week of February that <a href="https://www.coindesk.com/pantera-has-already-raised-125-million-for-its-third-crypto-fund">Pantera Capital </a>has already raised $125 million for its third cryptocurrency fund, a large figure for the so-called crypto winter. Slide decks obtained by CoinDesk show that the San Francisco-based hedge fund has $125 million committed to the fund, but only $25 million was secured since last August, due to the bear market. Pantera plans to invest its third fund in later stage startup funding rounds in order to gain more exposure to more mature firms. Pantera believes its third fund will invest in both tokens and equity, emphasizing blockchain startup equity.</p><p class='black-text'>Here is the rest of the week in review:</p><p class='black-text'>The <a href="https://www.coindesk.com/fbi-seeking-potential-victims-of-bitconnect-to-assist-investigation">US Federal Bureau of Investigation</a> (FBI) is trying to reach out to victims of the BitConnect (BCC) scam from early 2018. The FBI posted on its website a notice that calls on individuals who invested in BCC to answer and submit a questionnaire. The FBI said victims' responses will be useful to law enforcement investigations of the ongoing BitConnect case. In March, BCC investors and promoter Treveon James said the FBI was investigating the case and had questioned him. In October, a consolidated class action lawsuit against BitConnect owners and promoters was filed in the US District Court for the Southern District of Florida.</p><p class='black-text'><a href="https://www.coindesk.com/brazilian-bank-aims-to-raise-15-million-through-security-token-offering">Banco BTG Pactual </a>announced it will raise up to $15 million from a security token offering (STO) called RBZ. The Brazilian bank said its STO token will be backed by distressed Brazilian real estate properties. STO investors will gain exposure to Brazil's real estate market and receive regular profits contingent on performance. Banco BTG also offered international investors a chance to buy the RBZ token in a low-cost, tax-efficient structure. The bank will partner with Gemini and its stablecoin to conduct the STO sale. Banco BTG believes the STO will democratize access to hard-to-reach local asset classes.</p><p class='black-text'>Crypto prices surged this week, ending at over $128 billion. Bitcoin briefly topped $4,000, and most of the majors rebounded strongly, led by EOS, Ethereum (ETH), and Bitcoin Cash (BCH). In the top 100, the biggest losers are Vertcoin (VTC), down 32%, HYCON (HYC), down 24%, and Nasdacoin (NSD), down 23%. The biggest gainers are GlobalBoost-Y (BSTY), up a whopping 301%, Bitcoiin (B2G), up 58%, and Achain (ACT), up 46%. Next week traders will watch whether BTC and ETH can convincingly stay above the $4,000 and $150 resistance levels.</p><p class='black-text'><i>The author owns a small amount of BTC.</i></p> http://www.pws.io/cryptocurrency-week-of-february-24-in-review Sun, 24 Feb 2019 23:11:54 -0500 Eric Yao Huawei Defiant in Face of US Criticisms http://www.pws.io/huawei-defiant-in-face-of-us-criticisms <p class='black-text'>In light of accusations that Huawei's 5G products are being used for Chinese espionage, the US government has urged other American allies to <a href="https://www.cnn.com/2019/02/18/tech/ren-zhengfei-huawei-bbc-intl/index.html">block 5G networks from Huawei technology. </a></p><p class='black-text'>In response, Huawei founder Ren Zhengfei defiantly <a href="https://www.cnn.com/2019/02/18/tech/ren-zhengfei-huawei-bbc-intl/index.html">stated</a>: "There's no way the US can crush us. The world needs Huawei because we are more advanced."</p><p class='black-text'>Huawei has had a spate of high-profile incidents in recent months that have called its corporate ethics into question. In December, Huawei CFO Meng Wanzhou was detained in Canada over charges of <a href="https://www.cnn.com/2019/02/18/tech/ren-zhengfei-huawei-bbc-intl/index.html">bank fraud and Iran sanctions evasion</a>. The US has sought her extradition, and Canada has until March 1 to decide whether to comply with the request. As the daughter of Ren, Meng and her actions have spotlighted further issues in the company regarding nepotism and unethical practices. Another Huawei employee was arrested on espionage-related charges in Poland. The US also opened an investigation into theft of intellectual property from T-Mobile <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/TMUS"><span style="color:#333">(</span><span style=";">TMUS</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="TMUS" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="TMUS" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="TMUS" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> and other American entities. Australia, New Zealand, and Taiwan have all limited Huawei's ability to participate in building their 5G networks. Other countries have heeded the <a href="https://www.wired.com/story/huaweis-many-troubles-bans-alleged-spies-backdoors/">American call to scrutinize Huawei</a> more closely, and the UK, Japan, Norway, Canada, and the Czech Republic are all reassessing their involvement with the company.</p><p class='black-text'>"We must protect our critical telecom infrastructure, and America is calling on all our security partners to be vigilant and to reject any enterprise that would compromise the integrity of our communications technology or our national security systems," US Vice President Mike Pence <a href="https://www.cnn.com/2019/02/18/tech/ren-zhengfei-huawei-bbc-intl/index.html">said Saturday at the Munich Security Conference.</a></p><p class='black-text'>Huawei is currently at the forefront of<a href="https://www.cnn.com/2019/02/18/tech/ren-zhengfei-huawei-bbc-intl/index.html"> 5G technology</a>, as it is well integrated into the technical apparatus of multiple wireless carriers across the board. Even if the US successfully convinces countries to stop using Huawei, it's still a major player in the smartphone industry. The company is expected to overtake Samsung as the world's largest cell phone producer.</p><p class='black-text'>However, Trump recently <a href="https://www.pcmag.com/news/366685/trump-wants-5g-leadership-time-to-un-ban-huawei">tweeted</a> this contradictory statement that hints the pushback against Huawei in the US may not be as bad as expected: "I want 5G, and even 6G, technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies must step up their efforts, or get left behind. There is no reason that we should be lagging behind..."</p><p class='black-text'>Huawei has experienced rapid growth across different parts of the world in a relatively short amount of time. The US is concerned about this rapid growth, because "if China controls the digital infrastructure of the 21st century, it will exploit this position for national security purposes and be capable of coercive leverage over the United States and its allies," as <a href="https://www.pcmag.com/news/366685/trump-wants-5g-leadership-time-to-un-ban-huawei">reiterated</a> by General James L. Jones, former US national security advisor and NATO supreme allied commander.</p> http://www.pws.io/huawei-defiant-in-face-of-us-criticisms Sun, 24 Feb 2019 10:06:21 -0500 Tamanna Chhibbar Trump Weekly: Mueller, Manafort, Cohen, and Stone http://www.pws.io/trump-weekly-mueller-manafort-cohen-and-stone <p class='black-text'>Robert Mueller was due to issue a <a href="https://www.cnn.com/2019/02/23/politics/mueller-manafort-sentencing-filing/index.html">sentencing memorandum</a> before midnight on Friday relating to the prosecution of former Trump campaign manager Paul Manafort, but still has not done so. This may suggest that the document contains sensitive information requiring the approval of a judge or redaction before it's made public. Manafort was convicted of eight felonies and pleaded guilty to another two. He initially reached a plea deal with Mueller, but Mueller found that he violated the terms of the plea deal by misleading investigators.</p><p class='black-text'>Although there were rumors <a href="https://www.cnbc.com/2019/02/22/robert-mueller-wont-submit-report-to-attorney-general-next-week-nbc.html">earlier this week</a> that Mueller would deliver the final report of his investigation for review by newly-confirmed Attorney General William Barr, it now appears that this will not occur. There are concerns that Barr - who once drafted an unsolicited memo to the Trump administration critical of Mueller's investigation - is biased and may seek to suppress elements of Mueller's report. A group of House representatives <a href="http://fortune.com/2019/02/22/mueller-russia-investigation-trump-attorney-general-william-barr/">urged Barr in a letter</a> not to withhold evidence found by Mueller's team, suggesting that it could be construed as an attempt to cover up Trump's misdeeds. There are also concerns that Trump may pardon Manafort for his federal charges; still, New York state prosecutors have said they would pursue prosecution for evasion of taxes and related offenses. These would not trigger double jeopardy. Three companies and 34 individuals have been indicted, pleaded guilty, or otherwise been drawn into the inquiry.</p><p class='black-text'>In other Trump affiliate news, District Judge Amy Berman Jackson has<a href="https://www.cnn.com/2019/02/21/politics/roger-stone-hearing-instagram-amy-berman-jackson/index.html"> issued a gag order</a> on Roger Stone, restricting him from making any public comments about his ongoing case. The decision comes after Stone posted a photo to Instagram that showed the crosshairs of a gun near the judge's head. Stone has denied that this constitutes a threat.</p><p class='black-text'>Michael Cohen has also <a href="https://www.nytimes.com/2019/02/20/us/politics/michael-cohen-testimony.html">agreed to testify publicly</a> before Congress next week about his work as Trump's longtime fixer, lawyer, and confidant. He was originally scheduled to appear earlier this month, but cancelled due to health reasons.</p><p class='black-text'>Reports this week also indicated that Trump also asked acting Attorney General Matthew Whitaker if a Trump-appointed attorney could lead the <a href="https://www.washingtonpost.com/politics/2019/02/20/matthew-whitakers-testimony-about-trump-trying-influence-cohen-probe-was-weird-now-we-might-know-why/?utm_term=.97a7f34cb3d5">Southern District of New York's investigation</a> into Michael Cohen's hush money payments during the 2016 election. Although there's no evidence to suggest Whitaker in any way interfered with the investigation, he did previously testify to Congress that Trump had never pressured him to take action relating to any of ongoing inquiries.</p><p class='black-text'>Amid all the scandal-related news, the Trump administration has continued to forge ahead with its policy goals. It issued, for example, a new rule stating that taxpayer-funded family planning clinics cannot refer women for abortions, effectively cutting off women's healthcare and abortion providers like <a href="https://www.washingtonpost.com/health/2019/02/22/trump-administration-bars-family-planning-clinics-that-provide-abortion-referrals-million-program/">Planned Parenthood from federal funds</a>. Some of the money will be directed to anti-abortion activist groups.</p><p class='black-text'>Talks with <a href="https://www.cnbc.com/2019/02/21/us-china-outline-of-deal-to-end-trade-war-reuters.html">China continued in Washington this week</a>. Reports indicated that negotiations have progressed to the draft stage, which perhaps signals progress. This has fueled optimism that the two sides will resolve their differences before the March deadline.</p> http://www.pws.io/trump-weekly-mueller-manafort-cohen-and-stone Sat, 23 Feb 2019 13:20:38 -0500 Ariel Courage Trade of the week: MSFT http://www.pws.io/trade-of-the-week-msft <p class='black-text'>This week we'll focus on a bigger, and more widely known name in the markets. Microsoft <nobr><span style="white-space: nowrap; display:inline-block"><a href="http://www.pws.io/stock/MSFT"><span style="color:#333">(</span><span style=";">MSFT</span>&nbsp;<span class="updatable-ticker text alert" data-symbol="MSFT" data-type="direction_class" data-up="success" data-down="alert"><i data-symbol="MSFT" data-type="direction_class" data-up="fa-arrow-up" data-down="fa-arrow-down" class="updatable-ticker fa"></i>&nbsp;<span class="updatable-ticker" data-symbol="MSFT" data-type="changePercent"></span></span><span style="color:#333">)</span></a></span></nobr> is certainly a name that all of us have heard of, but have you seen the stock price lately?</p><p class='black-text'>In the short-term, shares of Microsoft have popped about a month long range. It's currently trading over the 200-day moving average, a designation that not every stock can claim at this point. If you zoom out a little and look at the bigger picture, you'll see a strong stock that has held up quite nicely. Take into consideration the market's broad selloff of over 20% late last year. Then compare it to Microsoft, which really only participated in the latter part of the selloff, and you get the impression that there's more underlying strength in this name.</p><p class='black-text'>For a trade, we'll simply look to play on this short- and mid-term strength Microsoft is providing us. Today's trade will be a rather basic one with a straightforward goal. The stock is trading right at the $110 price point. We'll just look to buy shares at this price (given the recent breakout) and shoot for a quick price target of the prior highs around $116.</p><p class='black-text'>Once we reach the $116 area, it may be worth looking at the current state of the markets to see if there could be a chance to hold beyond the highs. One may consider selling some of this position at those prior highs and then holding more for the $118 area. Whether you're a short-term trader or long-term investor, this trade of the week offers something for everyone.</p> http://www.pws.io/trade-of-the-week-msft Fri, 22 Feb 2019 20:36:39 -0500 Dustin Tibbitts