Posts by Philip Pearlman
- Philip Pearlman at Yahoo Finance1 mth ago
ZELTIQ Aesthetics, Inc (ZLTQ) is a medical technology company that makes non-invasive fat reduction products. Its CoolSculpting procedure, which has been FDA approved for treatment, works by essentially freezing fat cells below the surface of the skin.
For the better part of 2014, ZELTIQ has been trending lower from a high just above $22 a share in January of this year to a recent closing low of $14.77 in July.
Last week, according to AlphaTrends founder Brian Shannon, ZELTIQ broke out from its down trend and now has room to run higher.
Shannon notes that while the stock was moving lower during 2014, short interest was increasing dramatically, reaching in excess of 10% of the float with a days to cover reading of more than seven days at average daily volume.
So, with the stock price now beginning to move higher, we are likely not only seeing fresh buyers but short covering as well, with the potential for a short squeeze as well.
- Philip Pearlman at Yahoo Finance1 mth ago
This morning, we’re launching Yahoo Finance Contributors. We’ve lined up a truly all-star cast to publish content on their Tumblr accounts; the content will flow right into Yahoo Finance pages, ticker pages, widgets etc.
In effect, we’re opening up Yahoo Finance, the largest finance site in the world, in a scalable way, and socializing expert-generated content through the awesome powers of Tumblr, while bringing on board some of the very smartest minds on the street.
The contributors will bring even more seasoned, smart and novel analysis to Yahoo Finance, and that is really our main objective — to fortify our site with more goodness for our readers.
The contributors at launch include people you are likely familiar with, such as Carl Icahn, Jim O’Shaughnessy and Josh Brown. But, in a way, I’m most excited about the prospect of bringing incredible market participants and thinkers that you might not be familiar with to the forefront.
- Philip Pearlman at Breakout3 mths ago
Amazon wants to make it incredibly easy for its users to pay for goods and services of other merchants without having to have a credit card on file everywhere else.
The payments space as a whole seems to be heating up at an accelerating pace recently and Amazon, with more than 200 million e-commerce accounts complete with credit card numbers and a trusted brand, could, to quote a 1990’s Jeff Bezos, get big fast and challenge eBay's (EBAY) Paypal for payments dominance.
Heading into the end of the week, the stock market seemed to take to heart its mandate to frustrate the majority of participants most of the time.
It was a tale of two markets. Monday and Tuesday were bullish with the S&P 500 (^GSPC) rising more than 1% while the badly lagging Russell 2000 (^RUT) ripped more than 2% on Monday alone after its 1% jet higher last Friday.
Under the hood, divergences abound. The S&P 500 and Dow Industrials (^DJI) managed all-time closing highs on Wednesday while the Russell 2000 could not hold its 200-day simple moving average yesterday. Internally, NYSE breadth remains mediocre even at these levels
In addition, economically sensitive sections of the market have also begun underperforming significantly. Most notably, the iShares Home Construction Index ETF (ITB), which traded up by as much as 7% during the first two months of the year, has fallen 12% since and now trades down 6% YTD.
Everyone in the world is now focusing on the extreme equity market divergences. They cause a good bit of anxiety and appear striking to observers forever looking for patterns in the big scheme with which to make sense of the universe.
First, there’s the difference in performance between the large caps and the small caps. The large cap Dow Jones Industrial Average is making new all-time highs while the small cap Russell 2000 closed below its 200 day moving average last Friday.
Second, the number of NYSE stocks making new highs minus the number of NYSE stocks making new lows continues to look mediocre at best even as the Dow and S&P make all time highs.
Something has to give one way or the other. Either small cap under-performance and the relatively poor market internals drag down large caps or the small caps battle back and play catch up.
The million dollar questions go like this -
Apple is just a consumer electronics company and has been so for quite a while now.
Its days as a magical company are long over. The magic died two and a half years ago with Steve Jobs and now Apple is finally coming out of denial, acknowledging reality and giving itself the opportunity to move on to its next phase.
This is long overdue.
The height of the denial culminated some months ago in the over-the-top fantastical and widely distributed iPad commercial complete with dreamy Robin Williams voice over that, while excruciatingly beautiful, seemed way out of touch with reality and the accelerating trend towards the commoditization of the tablet market.
So Apple, if the reports that it is close to buying Beats Electronics prove true, is finally pivoting; a long overdue move out of this denial and a coming to terms with what it is.
I love Twitter.
It’s a brilliant and revolutionary service that allows people from all over the world to connect with each other and to large audiences dynamically and in real time. In this way, it is a new communications technology that has truly changed the world for the better and I imagine it will continue to surprise and delight myself and millions of its other loyal users.
Last night, Twitter (TWTR) released its second earnings report as a public company and the stock is trading much lower than yesterday’s close to around $38/share. This comes after an already precipitous slide from the $73.31 close on December 26th four months ago. Growth continues to slow and investors are questioning whether the platform can achieve near universal adoption the way Facebook (FB) has done it.
High expectations accompany high valuations, and clearly Twitter is faltering presently.
- Philip Pearlman at The Exchange5 mths ago
The gist was that these five stocks are the bellwethers for the bull market and must be watched closely in order to guage the health of the long-term rally in effect since the crisis lows of March 2009.
On Feb. 13, I wrote:
As these fabulous five names outperform, the bull market must be given the benefit of the doubt. If they falter, well, then watch out.
And while they all rallied Tuesday, the once "fab five" stocks have indeed faltered in a big way over the past month:
Where we are now
- Philip Pearlman at Breakout5 mths ago
We had carnage spread across the board to end the week in equities with technology names getting clubbed especially hard and the biotechnology sector continuing its slide. In fact the Nasdaq Biotech ETF (IBB) was down a whopping 5% at one point.
The NASDAQ composite (^IXIC) traded almost 3% lower with Amazon.com (AMZN), Facebook (FB) and Netflix (NFLX) among others all down sharply. Recall that it’s been only two days since the S&P 500 (^GSPC) closed at a new all-time high, although things can shift quickly, especially to the downside and as the old saying goes, “the market takes the stairs up and the elevator down.”