Latest Stock Buy or Sell? Make More Informed Decisions!

Market. The market is focusing on the volatile results of a small number of tech basked companies and overlooking the great returns of many strong companies in the broader market. However, the US market looks like it is forming a double top, which is a bit worrisome as traders could see this as a time to take profit. A natural drop of 80 points on the S&P500 would not surprise him and a failure to continue to make a new high would only confirm a potential larger sell off.

This is looking risky right now. It is not moving higher after testing $28 in June. A good stop would be $26. Earnings are coming out next week. He would not be a buyer until it traded back above $28.

He holds this and is positive on it and sees it at key support near $195. He would add to a position, but wants to see it trade above $200 soon. He will add above $204. Fundamentally, it is a dividend grower and is a strong competitor in the space.

The support level would be $245. He thinks the volume is supportive with good buying in the low $220s. It is trying to break out and is seeing resistance near $266. A good time to buy, with $250 as a stop.

He sees $9 as key support. Earnings are expected in the next day or so. This is one of the best performing oil and gas stocks this year. It is at a high relative level and with oil prices falling over $2 be careful. He would use $6.90 as a stop.

A very long term uptrend since 2011. A complete reversal of that trend has occurred this year. An attempt to rally in June failed, but has key support at $27. He does not see strong fundamentals at the moment. He would do a small speculative purchase, but expects $31 to be key resistance.

The chart looks good at the moment. This has formed a double bottom around $1.70 and has been trading steadily higher. This is a good bargain potentially and has moved through resistance around $3. As long as energy prices continue to do well, it could rally by another $0.50 with $2.60 as key support.

A lot of consolidation around $6 over the past two years. The rally in April was solid and there is likely some profit taking going on. He is concerned about a potential drop to $7 very easily with a 6% drop today based on lower oil prices. It looks very tricky right now and it looks risky right now. (Analysts’ price target is $11.39)

One of the three banks he owns. BNS-T is one of the weaker ones and he thinks that makes it a potential buy. He sees support around these levels. If it traded below $74.50 he would sell. Yield 4%

A Top Pick, actually, with a great technical reversal with solid support near $45. A short term pullback below $47 is possible and he thinks this is a good time to be buyer with $45 as a stop.

A $5 billion marketcap and pays a good yield trading near the bottom of the $8.30 - $11.00 trading range. An excellent short term buy, but trade with an $8.20 stop. Short-term potential is above $10.

The chart looks decent and volume has been strong. You could add to your position with a $4.00 stop. Towards the end of the year, when real earnings occur, there will be a market re-evaluation of this space in general. He would not invest in this space for his clients. (Analysts’ price target is $8.50)

This is one of his recent Top Picks. The break above $19 was very positive. Recent earnings were very positive and sees another $1 of upside. He would be a buyer with $18 as a stop.

Gold is one of the worst investments currently, unless you are lucky to catch the right trend at the right time. The volatility on these holdings is nuts. Gold prices are well off the highs. He would see support near current levels, which if broken could take this below $4.00. A break above $8.00 might attract him as a buyer.

The financial exchange sector has done well. It has nearly doubled in price over the past two years. It is again consolidating, but has made new recent highs. For the trend to continue you need to see it trade above $77 by October. As a holder, $71 is a stop.