Many of the worst-hit stocks during the pandemic are leading this latest rally and, among those, are gambling stocks ($DJUSCA). The group broke out yesterday above July highs and now has its collective sight set on the June 8th closing high of 747. Wynn Resorts (WYNN), one of the bigger... READ MORE
Earlier today, I was a guest on "Your Daily 5" and I featured 5 charts that I believe we should all be focused on right now. One of the charts I discussed was the Dow Jones U.S. Delivery Services Index ($DJUSAF), which has exploded higher after two... READ MORE
Somehow, we've been able to weather the storm that's called 2020. I'm speaking from a stock market perspective. The health care crisis has taken its toll and continues to take its toll and impact our everyday lives. But if you pulled up an S&... READ MORE
When a stock gaps higher and keeps running, it generally tells me that the top of gap support is what we need to concern ourselves with. It's definitely not a guarantee that it holds, but the odds are greater. When I trade stocks, it's all about... READ MORE
I'm a big fan of buying stocks at support. On June 29th, Advanced Micro Devices (AMD) tested a very important price support level and printed a reversing hammer candlestick that same day. In my Daily Market Report to EarningsBeats.com members, I suggested mid-day that a bottom could... READ MORE
First, welcome to August! It's hard to believe that we're into our 8th month of 2020. It's been a very difficult year on a number of fronts, but I hope that EarningsBeats.com has at least been able to help you navigate through the... READ MORE
Every three months, we fill out our four portfolios with 10 equal-weighted and leading stocks, mostly in leading industries. We combine fundamental research and technical analysis to make our money work harder, which is the whole idea. We know there's a strong correlation between earnings growth rates and... READ MORE
Too many traders focus on the wrong things when looking for a big short squeeze. It's not about how many short shares there are for a particular stock. And it's not about high short percentage of float. And, quite honestly, it's not even about... READ MORE
It's no secret that I like finding leading stocks in leading industry groups. In my view, however, THAT is the secret sauce in building a portfolio to outperform the benchmark S&P 500 over time. Of course, there will be hiccups along the way and we'... READ MORE
There's been one common denominator thus far in earnings season: high-flying stocks have seemed to hit a brick wall after posting earnings - even spectacular, way-above-consensus-estimates earnings. That was my biggest question as we headed into earnings season. I knew the numbers would be incredible across several different... READ MORE
Trading earnings-related gaps is what I like to do. It's what we do at EarningsBeats.com. Well, we do lots of things at EarningsBeats.com, but doing our homework and preparing our members to trade earnings-related gaps is certainly high on our list. It always amazes me to... READ MORE
That seems rather plausible. After all, earnings are one key factor that drives stock prices. But, in this case, I'm referring specifically to Big Lots, Inc. (BIG). It's part of a very strong industry group, broadline retail ($DJUSRB), which set a new 52-week relative high vs.... READ MORE
We can talk about earnings, the economic outlook, technical conditions, etc., but to be quite honest, the real keys to successful investing/trading come down to timing, patience, and managing risk. At EarningsBeats.com, we do all the research for our members. We provide so many trading opportunities and literally... READ MORE
I've been patiently waiting for the BIG breakout, the one that really kickstarts this group. I believe we just saw it on Friday. Health Care (XLV) definitively made its move after already recently providing some very bullish clues. After weeks and weeks of sideways action, in which the... READ MORE
Below is today's Daily Market Report (DMR) that I send to EarningsBeats.com members every day. Today's focus was definitely on health care (XLV). I've been waiting for a few months for its sideways consolidation to resolve and we're getting that now:... READ MORE
When a stock, industry group, or sector breaks out before earnings season, that's generally a signal that Wall Street is anticipating solid results. Whether the breakout is sustained, however, boils down to the actual earnings results. In the case of trucking ($DJUSTK), the breakout has been made. This... READ MORE
This is a question directly from one of our EarningsBeats.com members and it honestly goes right to the heart of my trading strategy, so I thought it was a great question to answer and share with everyone. Because I deal so closely with earnings, gaps are a huge part... READ MORE
I'm constantly discussing relative strength, and I don't just discuss it with respect to individual stocks. I want to know where money is rotating to among industry groups. It's why I keep an industry group relative strength ChartList at EarningsBeats.com. I view every... READ MORE
Transportation stocks ($TRAN) are important because they tend to go higher and drive the S&P 500 higher when the economy is strong, expected to strengthen, or both. Off of the 2009 market bottom, the best advances on the S&P 500 during this secular bull market have... READ MORE
I try to minimize risks as best I can. That means generally trading only companies that are in Wall Street's good graces. In order to get there, I believe it's really important for companies to deliver on their promises. It's called "under promise... READ MORE
Fear is an almost uncontrollable emotion. And when you combine that with financial anxiety, it typically results in predictable fashion - a "throw the baby out with the bath water" selling event. But the good news is that, once the masses grow fearful enough, stock markets rally. After... READ MORE
At EarningsBeats, we've been trying to tell anyone willing to listen why the stock market is going higher. I was definitely among the tiny minority back in March and April when I suggested that this downturn was a cyclical bear market within a secular bull market. I think... READ MORE
Tesla has been a leading auto stock ($DJUSAU) since it bottomed at 176.99 on June 3, 2019, but few traders expected the stock to clear the $1,000 barrier in just over a year. It's been a crazy run, but Wall Street continues to support the stock... READ MORE
June has been fairly kind to the NASDAQ 100 index ($NDX), technology (XLK), software ($DJUSSW), and internet ($DJUSNS) and these have all been leaders, but the combination of overbought, negative divergences and a weak seasonal period has sent all four down to areas not seen recently. Let's start... READ MORE
I am constantly performing research, using my analytical skills to uncover the best stock market opportunities. At EarningsBeats.com, we have a proven process of identifying leading stocks in leading industries. It all starts with fundamental research, which helps us to limit the number of stocks in our trading universe... READ MORE
I think most market participants would agree that the past 19 months, which has included 2 cyclical bear markets, have been trying, to say the least. At the time our Model Portfolio was created on November 19, 2018, the S&P 500 stood at 2690.73. At Thursday'... READ MORE
If you're just showing up at 9:30am ET and deciding last minute which stocks to trade, I think you're doing yourself a major disservice. You also are likely allowing the market to dictate to you which stocks you're interested in. There may be... READ MORE
I've never understood the attraction to short selling, especially in a secular bull market. I get it - March and April didn't really feel like a big time bull market. But it was still part of one. March represented a cyclical bear market in a massive... READ MORE
It's been a shocking rebound to many, but I believe this party is just getting started. Fortunately, we were able to see the increase in the Volatility Index ($VIX) in late-February as an appropriate warning signal and then quickly realized that much of the selling was nothing more... READ MORE
One of my favorite stocks throughout this pandemic has been Zoom Video Communications (ZM). It's been wildly volatile, but also extremely profitable - if you can hang on through all the ebbs and flows. Bulls' patience is currently being rewarded as ZM absolutely flies into its earnings... READ MORE
In developing our Short Squeeze ChartList, which is a fancy name for doing our homework and organizing potentially explosive stocks into one ChartList for our members, we were looking for companies that traders are betting against. When traders believe a company is overpriced, for whatever reason, they sell that stock... READ MORE
I have a routine that I've implemented where I typically review market action around 10:00am ET, 30 minutes after the market has opened. It's not at all unusual to see uptrending stocks down in the morning, so running scans at about that 30-minute mark can... READ MORE
Last night, after the closing bell, NVIDIA Corp (NVDA) did what Wall Street expected - it blew the doors off its earnings. Revenues were reported at $3,080.00 vs. its consensus estimate of $2,995.27 and EPS came in ahead of expectations at $1.80 vs. $1.69.... READ MORE
I review a lot of the Dow Jones industry indices, but one problem is that you cannot trade an index. Naturally, I receive plenty of questions like "how can I benefit from semiconductors if the Dow Jones U.S. Semiconductor Index ($DJUSSC) is breaking out? Obviously, one way would... READ MORE
I've coached sports much of my life and there are two key elements to succeeding in athletics: practice and confidence. Raw talent and athleticism don't hurt either, of course. I don't care how good you might think you are, to excel in sports, or... READ MORE
It's the most exciting time of each quarter for EarningsBeats.com and its community members. We're one day away from the equivalent of the NFL Draft for equities. The beauty of our Stock Market Draft, however, is that no one else participates! We can literally select... READ MORE
It's been a very difficult environment for small caps ($SML) and mid caps ($MID) for quite awhile. We should take note of any stocks in these two asset classes that are moving higher because they're doing so completely against the grain. For instance, take a look... READ MORE
One part of the U.S. stock market has been setting new highs and dragging other areas higher with it. Then we have groups reaching the depths of despair with little or no end in sight to their selling and misery. I've honestly never seen anything quite like... READ MORE
Impulsive selling gripped the market yesterday afternoon for the first time in quite awhile and it came on the heels of a few warnings signs that I passed on to EarningsBeats.com members earlier this week. First, the accumulation/distribution line, which has been a HUGE friend of the bulls... READ MORE
One thing that this pandemic has caused - and few would disagree - is an inordinate amount of fear. An easy way to depict this is simply to look at the Volatility Index ($VIX) and the equity only put call ratio ($CPCE). When these two spike, it's a... READ MORE