All posts by William Roth

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4 Video Game Stocks Breaking Out

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The major U.S. averages are holding near fresh record highs, fueled by optimism over the Federal Reserve’s recent dovish turn. Still, markets remain worried about ongoing geopolitical tensions as well as tepid economic data.

The futures market is eagerly pricing in multiple interest rate cuts before the end of the year.

Setting aside the macroeconomic discussion, the underlying health of the American consumer seems solid as we approach the mid-point of the year — which is about when everyone starts focusing on the holiday shopping season and the stocks that are best poised to perform as spending ramps up. No surprise then that a number of video game stocks are perking up on the heels of the recent E3 entertainment expo in Los Angeles. Hype is building for new titles and a coming console hardware refresh.

Here are four stocks to watch:

Video Game Stocks: Electronic Arts (EA)

Video Game Stocks to Buy: Electronic Arts (EA)

Electronic Arts (NASDAQ:EA) shares are breaking up and over their 50-day and 200-day moving averages, setting the stage for a move up and out of a five-month consolidation range. Analysts at Nomura initiated with an overweight rating.

The company will next report results on July 30 after the close. Analysts are looking for earnings of two cents per share on revenues of $722 million. When the company last reported on May 7, earnings of 69 cents per share beat estimates by 10 cents on an 8.7% rise in revenues.

Video Game Stocks to Buy: Take Two Interactive (TTWO)

Take Two Interactive (TTWO)

Take Two Interactive (NASDAQ:TTWO) stock has been surging, on an upward trajectory since bottoming in March. Analysts at the Benchmark Company recently raise their price target to $130 after witnessing a jubilant reaction to its Borderlands 3 demo at the recent E3 show. They are also looking ahead to the next Grand Theft Auto game. The last installment, Grand Theft Auto V, was initially released in 2013.

The company will next report results on Aug. 1 after the close. Analysts are looking for earnings of four cents per share on revenues of $383 million. When the company last reported on May 13, earnings of 50 cents per share missed estimates by 25 cents on an 18.7% rise in revenues.

Video Game Stocks to Buy: Activision (ATVI)

Activision (ATVI)

Analysts at Needham recently sat down with management of Activision (NASDAQ:ATVI), who noted an intent to focus on monetizing core franchises including Call of Duty and sticking to a more frequent and predictable schedule of content releases. Coverage was recently initiated with a neutral rating by analysts at Citigroup.

The company will next report results on Aug. 1 after the close. Analysts are looking for earnings of 26 cents per share on revenues of $1.2 billion. When the company last reported on May 2, earnings of 58 cents per share beat estimates by 33 cents per share on an 8.7% decline in revenues.

Stocks to Buy: Facebook (FB)

Facebook (FB)

While Facebook (NASDAQ:FB) might not be the first name one thinks of when it comes to video games, the company is a major player both through its Oculus VR subsidiary as well as its social media-based games. Facebook as well as competitors are in the midst of the launch of “Gen 2” VR headsets with better tracking and resolution, among other features.

The company will next report results on July 24 after the close. Analysts are looking for earnings of $1.87 per share on revenues of $16.5 billion. When the company last reported on April 24 earnings of $1.89 per share beat estimates by 27 cents on a 26% rise in revenues.

As of this writing, William Roth did not hold a position in any of the aforementioned securities.

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Source: Investor Place

Technology

4 Technology Stocks Blasting Higher

Remember last week, when the technology sector was slammed lower on worries over higher regulatory scrutiny? Wall Street apparently doesn’t, as stocks in the sector are zooming higher after the Nasdaq Composite dramatically tested below its 200-day moving average.

All it took was some dovish chatter from the Federal Reserve to turn sentiment around in a big way. Also helping was over-the-weekend news that President Donald Trump’s Administration had reached an agreement with Mexico, relieving the risk of fresh import tariffs.

Some impressive rallies are under way, particularly in stocks poised to benefit from the coming launch of new video game hardware in 2020. Here are four stocks worth a look:

Tech Stocks to Buy: Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD)

Shares of GPU/CPU maker Advanced Micro Devices (NASDAQ:AMD) are zooming higher, pushing up and over the prior highs set last September to return to levels last seen in 2006. This comes as hype builds for the new Xbox and PlayStation game consoles from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) next year. Both are using AMD’s hardware to power their devices.

The company will next report result son July 24 after the close. Analysts are looking for earnings of eight cents per share on revenues of $1.5 billion. When the company last reported on April 30, earnings of six cents per share matched estimates despite a 22.8% decline in revenues.

Tech Stocks to Buy: Microsoft (MSFT)

Microsoft (MSFT)

Microsoft stock is breaking up and out of a three-month consolidation range to hit new highs as hype builds for “Project Scarlett” — the company’s new Xbox console. At the 2019 E3 show, executives showcases 60 new games for both its console and the PC including Halo Infinite. The new Xbox, capable of 8K resolution, is poised to debut in late 2020.

The company will next report results on July 18 after the close. Analysts are looking for earnings of $1.21 per share on revenues of $32.8 billion. When the company last reported on April 24, earnings of $1.14 beat estimates by 14 cents on a 14% rise in revenues.

Tech Stocks to Buy: Marvell Technology Group (MRVL)

Marvell Technology Group (MRVL)

Shares of Marvell Technology Group (NASDAQ:MRVL), maker of digital and analog components for everything from hard drives to Wi-Fi cards, are rebounding to challenge the highs set in late April. This marks nearly a double off of the lows seen in late December. This also represents another challenge of the highs seen in late 2017 and early 2018.

The company will next report results on Sept. 5 after the close. Analysts are looking for earnings of 15 cents per share on revenues of $654 million. When the company last reported on May 30, earnings of 16 cents beat estimates by two cents on a 9.5% rise in revenues.

Tech Stocks to Buy: eBay (EBAY)

eBay (EBAY)

eBay (NASDAQ:EBAY) shares are pushing up and out of a five-month consolidation range, pushing to highs not seen since early 2018 and capping a rise of nearly 50% off of its December lows. Rumors have been circulating in recent weeks that the company could soon start accepting cryptocurrencies. Investors have been focusing on improved margin profile, which drove recent earnings upside surprise.

The company will next report results on July 17 after the close. Analysts are looking for earnings of 62 cents per share on revenues of $2.7 billion. When the company last reported on April 23, earnings of 67 cents per share beat results by four cents on a 2.4% rise in revenues.

As of this writing, William Roth did not hold a position in any of the aforementioned securities.

Source: Investor Place

Energy

4 Energy Stocks Ready to Rally

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U.S. equities are recovering on Tuesday thanks to a steepening of the yield curve. Put more simply, the bond market is suddenly feeling a little less worried about the specter of a recession after long-term rates fell below a critical short-term rate recently.

Stocks are taking their cue from this larger and much more important marketplace, helping the S&P 500 push back over the critical 2,800 level. Will the move above this threshold, which has confounded the bulls repeatedly since October, finally be definitively crossed?

If it is, newfound strength in the energy sector will be a key driver. Quietly, hoping not to attract attention to itself, crude oil has been steadily gaining ground since bottoming in December. With the start of the summer driving season near, West Texas Intermediate is once more flirting with the $60-a-barrel level. The Energy Select Sector SPDR (NYSEARCA:XLE) is following suit, preparing for a move up and over its 200-day moving average.

While I’ve recently discussed a few mega-cap energy stocks, here is a look at four slightly smaller names that are worth a look:

Occidental Petroleum (OXY)

Shares of Occidental Petroleum (NYSE:OXY) are preparing to break up and and out of a tight three-month consolidation range as it extends away from a rising 50-day moving average. Next stop is a test of the 200-day average, which would be worth a gain of 6% from here. The company recently announced that it plans to double crude exports to 600,000 barrels per day in 2020.

The company will next report results on May 8 after the close. Analysts are looking for earnings of 76 cents per share on revenues of $4.1 billion. When the company last reported on February 12, earnings of $1.22 per share beat estimates by six cents on a 33.8% rise in revenues.

ConocoPhillips (COP)

ConocoPhillips (NYSE:COP) shares are rising again above its 200-day moving average, returning to the upper end of a trading range going back to late October. Already enjoying a 20%+ rally off of its late December low, watch for a move to prior highs near $78 — which would be worth a gain of more than 14% from current levels.

The company will next report results on April 25 before the bell. Analysts are looking for earnings of 76 cents per share on revenues of $8.5 billion. When the company last reported on January 31, earnings of $1.13 per share beat estimates by 11 cents on over $9.1 billion in revenue.

Anadarko Petroleum (APC)

Anadarko Petroleum (NYSE:APC) shares are coiling up nicely within a four-month consolidation range, readying a powerful breakout that should see a test of the 200-day moving average. Such a move would be worth a gain of nearly 30% from here. The stock has been stock in a multi-year trading range, with resistance near $75 (first reached in 2011) and support near $40 (in place since late 2017).

The company will next report results on April 30 after the close. Analysts are looking for earnings of 19 cents per share on revenues of nearly $3 billion. When the company last reported on February 5, earnings of 38 cents per share missed estimates by 24 cents on a 14.3% rise in revenues.

Pioneer Natural Resources (PXD)

Similar to other names on this list, Pioneer Natural Resources (NYSE:PXD) is enjoying a solid base of support after months within a tight consolidation range that sets up a run at its 200-day moving average. Such a move would be worth a gain of more than 11%. Shares of shrugged off some bad news, including a downgrade from Mizuho on March 19.

The company will next report results on May 1 after the close. Analysts are looking for earnings of $1.52 per share on revenues of $2.2 billion. When the company last reported on February 13, earnings of $1.18 per share missed estimates by 16 cents despite a 75.4% rise in revenues.

As of this writing, the author held no shares in the aforementioned securities.

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Bear

7 Death Cross Stocks to Ditch Now

U.S. equities are trying to catch their breath on Tuesday after another harrowing decline, with investors suffering the worst December on record since 1931. That’s right: Not since the Great Depression “double dip,” caused by premature Federal Reserve tightening, has the holiday season treated shareholders this badly.

Yet again, it’s the Federal Reserve that’s the primary motivator for the end-of-year ugliness.

All eyes are on Wednesday’s policy decision with another rate hike likely. But more important is the forward guidance for the number of rate hikes in 2019. The market is hoping Fed chairman Powell pauses here and waits to see how the economy and financial market’s digest the rapid rise in the cost of credit. Disappointment could lead the further aggressive selling.

Already, a lot of damage has been done with the Russell 2000 already down 20% from its high, enough to qualify for a bear market. Here are seven stocks that are suffering “death crosses” and look set for further weakness.

Fastenal (FAST)


Click to Enlarge Shares of Fastenal (NASDAQ:FAST) are falling below critical support from its 50-day and 200-day moving averages and is on the verge of suffering its first death cross since the summer of 2017 as investors fear a slowdown in construction activity.

Analysts at Morgan Stanley recently initiated coverage with a neutral rating while analysts at Longbow issued a downgrade.

The company will next report results on Jan. 17 before the bell. Analysts are looking for earnings of 60 cents per share on revenues of $1.2 billion.

When the company last reported on Oct. 10, earnings of 69 cents per share beat estimates by two cents on a 13% rise in revenues.

Exxon Mobil (XOM)


Click to EnlargeShares of Exxon Mobil (NYSE:XOM) are falling away from its post-summer trading range to return to lows not seen since April.

A death cross looks likely to happen within the next few days, reversing the oil-induced rally shares enjoyed back in April through June as crude oil prices make another leg lower. Shares were recently downgraded by analysts at Raymond James.

The company will next report results on Feb. 1 before the bell. Analysts are looking for earnings of $1.23 per share on revenues of $83.3 billion.

When the company last reported on Nov. 2 earnings of $1.46 beat estimates by 24 cents per share on a 25.4% rise in revenues.

Qualcomm (QCOM)


Click to Enlarge Qualcomm (NASDAQ:QCOM) shares are relegated to a tight trading range below its 50-day and 200-day moving averages, setting the stage for a death cross as the rally into the September highs is reversed.

Shareholders have already suffered a 23% loss. Qualcomm has been in the news for its patent royalty fight with Apple (NASDAQ:AAPL) and has appealed to Chinese authorities to stop the sale of the latest iPhone models.

The company will next report results on Feb. 6 after the close. Analysts are looking for earnings of $1.09 per share on revenues of $4.9 billion. When the company last reported on Nov. 7, earnings of 90 cents per share beat estimates by six cents on a 2.1% decline in revenues.

Amazon (AMZN)


Click to EnlargeEveryone’s onetime momentum favorite, Amazon (NASDAQ:AMZN) shares were turned away from resistance near the 50-day and 200-day moving averages and are now threatening to fall below its post-October lows.

Such a move would set up a test of the April low, worth another 13% decline from here. Amazon continues to focus on expanding its physical store footprint, and Amazon plans to roll out smaller versions of its Amazon Go cashier-less stores.

The company will next report results on Jan. 31 after the close. Analysts are looking for earnings of $5.51 per share on revenues of $71.9 billion. When the company last reported on Oct. 25, earnings of $5.75 beat estimates by $2.66 on a 29.3% rise in revenues.

United Technologies (UTX)


Click to EnlargePlans to break United Technologies(NYSE:UTX) up into smaller companies has failed to generate much investor interest, pushing shares down nearly 20% from the highs seen in September and threatening a fall below its early May low. Such a move would set up a move back to the summer 2017 lows near $106 — which would be worth a decline of 9% from here.

The company will next report results on Jan. 23 before the bell. Analysts are looking for earnings of $1.51 per share on revenues of $16.8 billion. When the company last reported on Oct. 23 earnings of $1.93 beat estimates by 11 cents on a 9.6% rise in revenue.

Lowe’s Companies (LOW)

Batted by worries about the housing market and announced store closures, shares of Lowe’s (NYSE:LOW) remain below both their 50-day and 200-day moving averages.

Already down nearly 22% from their late September high, shareholders are on the verge of suffering their first death cross in the stock since the summer of 2017.

The company will next report results on Feb. 27 before the bell. Analysts are looking for earnings of 80 cents per share on revenues of $15.8 billion.

When the company last reported on Nov. 20 earnings of $1.04 beat estimates by six cents on a 3.8% rise in revenues.

Expedia (EXPE)


Click to EnlargeOnline travel booking icon Expedia (NASDAQ:EXPE) is suffering a rapid reversal of its summertime gains, down more than 14% from the highs seen in late July.

This looks to be part of an epic, multi-year head-and-shoulders reversal pattern that could trace a decline all the way down to the 2013 lows near $45 as competition in the online travel space remains intense and fierce as spending is vulnerable to an economic slowdown and consumer retrenchment.

The company will next report results on Feb. 7 after the close. Analysts are looking for earnings of $1.07 per share on revenues of $2.6 billion.

When the company last reported on Oct. 25, earnings of $3.65 beat estimates by 53 cents on a 10.5% rise in revenues.

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Uncategorized

7 Stocks to Buy Thanks to Trump’s New Trade Deal

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U.S. equities are moving powerfully higher on Monday, with the major large-cap indices testing recent record highs, after the United States reached a new trade deal with Mexico and Canada. Effectively “NAFTA 2.0”, the deal, which carries the moniker USMCA, will solve deficiencies in the original NAFTA deal and open new markets for U.S. farmers and manufacturers … at least according to President Trump.

Stocks are cheering the news, as it’s one of the first indications Trump’s aggressive trade tactics are starting to produce results instead of just escalation, as in the case with the ongoing tensions with China.

Investors are cheering the removal of a major source of policy uncertainty and are raising their hopes that previously imposed steel and aluminum tariffs will be rolled back to the benefit of manufacturers. As a result, a number of large-cap names are pushing to new highs. With that in mind, here are seven stocks to buy now:

Microsoft (MSFT)

Microsoft (MSFT) stocks to buy

Microsoft (NASDAQ:MSFT) shares are breaking out to a new record high, pushing away from the $115-a-share level and continuing a smooth and steady rise above their 50-day moving average going back to early April. The company has been enjoying a lift thanks to a dividend boost announced in late September, which included a rise from 42 cents per share to 46 cents per share. While this stock to buy isn’t directly impacted by the trade news, it’s enjoying the broad market tailwinds.

The company will next report results on Oct. 25. Analysts are looking for earnings of 96 cents per share on revenues of $27.7 billion. When the company last reported on July 19, earnings of $1.14 per share beat estimates by 6 cents on a 17.5% rise in revenues.

Caterpillar (CAT)

Caterpillar (CAT) stocks to buy

Heavy equipment manufacturer Caterpillar (NYSE:CAT) is at the epicenter of the ongoing trade disputes, as it is sensitive to both U.S. export activity as well as the price of steel and aluminum used to build its earthmovers and other machinery. Shares recently popped up and over their 200-day moving average, returning to a trading range last seen in June. Shares are also overcoming the negative impact of a downgrade from analysts at OTR Global on Sept. 21.

The company will next report results on Oct. 23, before the bell. Analysts are looking for earnings of $2.82 per share on revenues of $13.2 billion. When the company last reported on July 30, earnings of $2.97 cents per share beat estimates by 23 cents on a 23.7% rise in revenues.

Boeing (BA)

Boeing (BA) stocks to buy

Shares of Boeing (NYSE:BA) — one of America’s premier exporters, especially to China — are enjoying a 2.5% surge above triple-top resistance from February, and they are pushing to new record highs. This jump is coming after two tests of support at the 200-day moving average. The company’s order backlog continues to grow, as seen in BA’s announcement today of an order from United Airlines (NASDAQ:UAL) for nine 787 Dreamliners valued at $2.5 billion.

The company will next report results on Oct. 24, before the bell. Analysts are looking for earnings of $3.49 per share on revenues of $24.9 billion. When the company last reported on July 25, earnings of $3.33 per share beat estimates by 8 cents on a 5.2% rise in revenues.

Honeywell (HON)

Honeywell (HON) stocks to buy

Shares of Honeywell (NYSE:HON) are pushing to new highs, capping nearly a month-long consolidation range and resuming the uptrend that started in June. HON shares have experienced a total gain of nearly 20% so far. The company has many areas of exposure to trade and exports, acting as a supplier for BA and other aerospace companies as well as supplying products for home and building projects and advanced technologies like quantum computing.

The company will next report results on Oct. 19, before the bell. Analysts are looking for earnings of $1.99 per share on revenues of $10.7 billion. When the company last reported on July 20, earnings of $2.12 per share beat estimates by 11 cents on an 8.3% rise in revenues.

Danaher (DHR)

Danaher (DHR) stocks to buy

Danaher (NYSE:DHR) shares are extending their recent rise, pushing further away from the lows seen in late August for a move of roughly 10% so far. The company is a maker of medical and industrial products such as microscopes, filtration systems and purification solutions. The company has been a steady riser compared to some of the other companies on this list of stocks to buy, and it has risen without so much as a touch of its 200-week moving average since way back in 2010.

The company will next report results on Oct. 18, before the bell. Analysts are looking for earnings of $1.08 per share on revenues of $4.8 billion. When the company last reported on July 19, earnings of $1.15 per share beat estimates by 6 cents per share on a 10.4% rise in revenues.

Boston Scientific (BSX)

Boston Scientific (BSX) stocks to buy

Boston Scientific (NYSE:BSX) shares have been a steady gainers as well, extending a 50% rise off of their late March lows to push to new highs. Analysts at Needham raised their price target to $43 after the company announced an agreement to acquire Augmenix, a developer of a treatment to reduce side effects of men recovering from prostate cancer radiotherapy.

The company will next report results on Oct. 24, before the bell. Analysts are looking for earnings of 34 cents per share on revenues of $2.4 billion. When the company last reported on July 25, earnings of 41 cents per share beat estimates by 7 cents on a 10.3% rise in revenues.

Cisco (CSCO)

Cisco (CSCO) stocks to buy

Shares of Cisco (NASDAQ:CSCO) are inching up and over recent congestion between $48 and $49 a share. CSCO is benefiting from a price target upgrade from analysts at Piper Jaffray who are now looking for $53. The stock has been on the move since August when the company reported an acceleration of revenue growth pushing the share price to levels not seen since dot-com bubble.

The company will next report results on Nov. 14, after the close. Analysts are looking for earnings of 66 cents per share on revenues of $12.9 billion. When the company last reported on Aug. 15, earnings of 70 cents per share beat estimates by a penny on a 5.9% rise in revenues.

As of this writing, William Roth did not hold a position in any of the aforementioned securities.

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