Crisis may be an opportunity for Altria Group (MO). At the moment, the stock is severely oversold at double bottom support dating back to late 2021. It’s also over-extended on RSI, MACD, and Williams’ %R. From a current price of…
Just last week, we noted oil prices could fall even more. In fact, we noted: “According to AAA, the drop-in oil and gasoline futures prices stemmed from traders’ concerns about an overall drop in U.S. economic activity following the Federal…
Investors may want to keep an eye on Shopify (SHOP). Just this morning, the SHOP stock split 10 for 1, sending the stock to $31.22. “While it does not change the fundamentals for the stock, we believe this split could…
Summer just started. But in a few weeks, it’ll be time to go back to school. And for retailers it’ll be one of the top most important shopping seasons, aside from the winter holidays. According to Morning Consult, “Since early…
Gold may be a good bet for the second half. Gold prices could rally well above $2,500 this year, says Goldman Sachs. Analyst Jeff Currie sees the perfect storm for gold based on three catalysts. One, we could see strong…
With markets spooked by recession fears, pay attention to pharmaceutical stocks. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population is demanding more treatments in an effort to live longer lives.…
The pullback in Bitcoin is overdone. Not only is it over-extended on RSI, MACD, and Williams’ %R, it appears to have caught – and is holding double bottom support dating back to late 2021. Even Jurrien Timmer, director of global…
Oil prices are pulling back. Last trading at $110.40, here’s hoping it drops even more. That’s happening as interest rate hikes fuel worries about a recession, and because U.S. crude production jumped by 100,000 barrels per day last week to…
There’s a good deal of panic out there. Inflation is out of control. The Federal Reserve hiked interest rates by 0.75%, with a likely need for more. Traders are panicking. Markets are falling. And no one knows what comes next.…
The obesity epidemic is still bursting at the seams. According to the World Health Organization (WHO) obesity has tripled in size over the last 50 years. In 2016, they note, 1.9 billion adults were overweight around the world. Of those,…