Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Keith Richards and Jim Cramer - Mad Money commented about whether RGTI-Q, OPEN-Q, SNOW-N, CMG-N, CRWV-Q, NVDA-Q, WFRD-Q, TOU-T, NWH.UN-T, HOOD-Q, ENB-T, BMO-T, EFR-T, GLXY-T, PRL-T, X-T, CASH, SIL-N, ARX-T, V-N, LULU-Q, CTC.A-T, DOL-T, BNS-T, AEM-T are stocks to buy or sell.
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A Canadian company (such as ENB) is a Canadian stock. If you look at the chart for the US listing, you're now also looking at the effect of the currency exchange. That will distort things, so there's no point. For example, this year the USD got smashed; once converted, that would make the US chart for ENB artificially look better than it actually was.
So for a Canadian company look at the Canadian chart. For a US company look at the US chart.
Technical analysts love to give fancy names to chart patterns ;) The 5-year for this name is showing a cup and handle -- with that rounded bottom, perhaps a little pullback, and then a breakout and consolidation. Also a nice swing trade. Now testing the breakout point, and successfully so. Looks good.
Bottom line on momentum is not to fight it; just go with it, baby. That's the case here. You don't have to understand it. Move this year is parabolic. Though he can't see the momentum indicators such as MACD or RSI, the 1-year chart shows a bit of rounding. Could be just consolidating, but you don't want to see it break. If some of the momentum indicators start rolling over before the stock breaks down, that's a warning sign.
His videos talk about signs to spot a potential top.
Lower beta, boring for this time of year. Two overlooked sectors in one -- healthcare and REITs. Steady eddy. Should probably hold its own between now and the fall, when he'll probably exit. Collect the dividend, might go up a couple of bucks, better than cash. Decent yield of 7.34%.
(Analysts’ price target is $5.57)Oil services. Very depressed, was in downtrend. Then broke out, now starting to move up again, very early stage uptrend. If it starts to fail, he knows his exit point (perhaps ~$50) on the trendline. A buy into a depressed sector at the right time.
A new position as of yesterday :) They bought 1 leg worth 1.5% of a position; if it keeps going up, will keep legging in because there's lots of upside. The next leg would be once it successfully moves through the next point of resistance, which is ~$75. When consolidations break out, it proves that there are still buyers. By legging in, if you go wrong in the early stages you can sell without your portfolio being hurt too much. Yield is 1.59%.
It just reported a top and bottom line beat and reiterated its full-year forecast, but data centre sales came in a little light, so the stock got dinged after hours. Mostly, the stock was up 35% for the year going into the print and it was priced to be perfect. Overall, a good quarter, but didn't address the conundrum that megatech companies are getting the bang from their buck in buying NVDA stuff. China is another issue. Own this, don't trade it.
Jittery stock. Toying with the old high from 2021, with a lot of stress, or excitement, in between. Pulling back into the zone from 2021-2022. Testing old resistance, really don't want to see it fail. Needs to find legs pretty soon, and then you'd be fine. If not, he'd run. Not for the timid.