I like this stock for a bounce off support post earnings tonight
The (HI) projections have been run. The readings have been falling recently in spite of the rally to all time highs. Our reading hit a high in October, which coincided with some commodity based stocks topping out.
The HI currently is showing modest growth over the short run. Its readings have hit late last years support level and should recover over the next few months.
Last Summer with stocks falling and the bears saying the looming taper of asset purchases by the FED would lead to lower stock prices, the HI said what it has been saying since the lows in 2009 – its a great time to buy stocks.
The streak of green days ended yesterday as the S&P and the DOW closed slightly in the red, while the
$AMZN sports a 550 p/e ratio. It’s pundits continue to talk negatively about the stock, yet its up almost 20% over the last year. Here are the two latest titles on Seekingalpha.com “Amazon.com Has A Big Problem” and “Expectations Sky High For Amazon.com Again On Thursday“. I enjoy gathering opinions of other market participants to help reinforce my own opinions on stocks. Like we saw with the recent pull back, when everyone thinks a stock is going to head one way, it usually heads to the other.
UPB Morning Market Video – $AMZN $AAPL $DECK $MSFT $P $SBUX $FB
Strong call buying this morning indicates someone thinks this stock has bottomed.
Make that six days of gains, as the S&P opened in the green Tuesday,
Morning Market Video – $AAPL $FFIV $FB $FIO $MMM $CAT $DNKN $FCX $AMZN $DDD
Lee will be hosting another Webinar on Thursday: Webinar : Protecting Yourself during earnings w/ LeeMalone 4/24 @ 4:30pm