215.35 -1.18 (-0.54%)
Pre-Market: 8:01AM EST
|Bid||215.16 x 1000|
|Ask||216.66 x 1000|
|Day's Range||214.18 - 217.88|
|52 Week Range||158.09 - 239.31|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||21.56|
|Earnings Date||Feb 25, 2020|
|Forward Dividend & Yield||5.44 (2.54%)|
|1y Target Est||239.10|
The Dow Jones Industrial Average is falling ahead of the proposed new tariff on Chinese goods on Dec. 15. Some retailers still show bullish rises.
Astralis is the first pure-play team to sell stock to the public in the burgeoning world of professional videogame playing.
Wall Street is in Santa Claus rally mode at the end of the week. But will it be another and more bearish December to remember? One thing is for certain, blue-chip stocks 3M (NYSE:MMM), ExxonMobil (NYSE:XOM) and Home Depot (NYSE:HD) are showing technical signs that admired income streams will be trumped by capital gains for bearishly positioned investors.Let me explain.Wall Street is breathing much easier at the end of the trading week. Following a bearish opening act after POTUS took aim at China and the E.U. and a back-and-forth NATO summit provided market volatility but finished empty handed, investors are cheering Friday's jobs data. For its part, the Dow Industrials with its cadre of blue-chips is up roughly 1% and off fractionally for the five-day period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors are also finding strength from a "calmer tone on trade" and perhaps motivated by seasonal bullish tendencies. The fact is it has been a solid 2019 and window dressing those gains could be in full-force this season. Still, there's always the chance the market could see a repeat performance more in keeping with last year's memorably bearish December. * 7 Hot Stocks for 2020's Big Trends At the end of the day, historical patterns such as a Santa Claus rally are nice to consider. But as we've seen, those leanings are far from ironclad opportunities. And with uncertainty surrounding Dec. 15 when a new round of tariffs on Chinese imports are set to begin, the chance for other bearish drivers to emerge or maybe reawakened concerns to rear their ugly head, it's a good time to keep some blue-chips on the radar for shorting. Blue-Chip Stocks to Short: 3M (MMM)Source: Charts by TradingView3M is the first of our stocks to short. As of this writing, this blue-chip stock is the Dow Industrial's biggest dog with its year-to-date loss of nearly 14%. Income-oriented investors might see this weakness coupled with a dividend of 3.45% as an opportunity. But I don't buy it. I see MMM's bearish patterns and overhead resistance as keeping shares in a shortable position.MMM Stock Strategy: Short this blue-chip stock if shares can break beneath the low of the November topping candle for a second time. One caveat is to make sure this price action is accompanied by a bearish stochastics crossover. It may mean shorting at a lower price in MMM stock, but it's worth the confirmation given what's been stated.Look to support near $133 - $140 for taking initial profits in 3M shares. Likewise, respect pattern resistance for exiting this blue-chip stock if necessary. ExxonMobil (XOM) Source: Charts by TradingViewExxonMobil is the next of our stocks to short. This blue-chip stock isn't in the same dog house as MMM, but XOM has been a definite laggard with its flat-line, year-to-date performance. And the price chart is telling me the worst is yet to come.Here, I'm focused on a broadening pattern top to complete in conjunction with a test of the 62% level. And as XOM stock wrestles with a breach of its long-term trendline and a bearish crossover of the weekly stochastics, there are good indications $60 - $62 will come into play. * 10 Stocks That Should Be Every Young Investor's First Choice XOM Stock Strategy: For this blue-chip stock I'd recommend shorting shares beneath this week's opening price of $68.50. From there, the aforementioned support area is where bearish traders should look to take profits. As important, since this is XOM stock's fourth stab at rejecting technical trendline support, there's not a whole lot of margin for error. I'd allow a bit of wiggle room, but $71 to cut down losses makes sense off and on the price chart. Home Depot (HD) Source: Charts by TradingViewHome Depot is the last of our blue-chip stocks to short. Technically, all stocks face corrective periods and bearish cycles at one time or another. And right now, HD stock's monthly chart supports the argument that this phase is just beginning.Shares of HD have confirmed November's bearish engulfing candlestick as part of a larger broadening top pattern. The price action also has the backing of a bearish stochastics crossover. And with this blue chip still near the pattern's signal price and support significantly lower near $140 or worse, HD is a stock to short today.HD Stock Strategy: To accompany a short in HD stock, I'd recommend using the pattern top to contain exposure to greater losses if required. This poses stock risk of around 11%. It's slightly more than I'd typically allow in a name like Home Depot. However, given the pattern's prospect's and skewed risk-to-reward in favor of bearish positioning, it makes a strong case for your consideration.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 3 Blue-Chip Stocks to Short appeared first on InvestorPlace.
Since becoming General Electric (NYSE:GE) CEO in October 2018, Larry Culp has made the company a favorite of turnaround lovers.Source: Sergey Kohl / Shutterstock.com If you picked up some shares one year ago, you're sitting on a gain of 54%. But it's all a matter of timing. If you bought the day Culp joined, you're still down 14%.The glory days of Jeff Immelt, when this was a $30 stock and a dividend aristocrat, are gone forever. Culp has frozen pensions, leading to talk of a general "pension crisis" sweeping the world.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut Culp has also remade his executive team, made hard decisions on what to keep and let new hires make forward-looking statements.From here, everything depends on execution. Hard DecisionsCulp's hardest decision may have been to let General Electric's biopharma unit go to his former employer, Danaher (NYSE:DHR). The cash is desperately needed to firm up the balance sheet, which still had $76 billion of debt on it, against a market capitalization of $94 billion, in September. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping As I wrote in July, those numbers understate the case. The company also has $74 billion of "other liabilities" -- pensions and risks from old long-term care policies -- to deal with.The pension freeze helps with the former. The latter is a 25-year old legacy from former CEO Jack Welch, who took on re-insurance for long-term care policies before the cost of nursing care became apparent. Activists want Welch to turn in his retirement payout, as well as Immelt, whom I consider the greatest destroyer of shareholder value the world has ever known. It ain't happening. The New ToneThese moves have created a new tone around the company. Product rollouts are now called victories and buzzwords like "citizen developer" are gaining traction.Some analysts are coming around. Home Depot (NYSE:HD) co-founder Ken Langone says he likes General Electric again, saying Culp "is doing a hell of a job."But this is only tone. General Electric under Culp remains much as it was under Immelt and his successor, John Flannery, an industrial machine company. GE Power remains a drag on results, although the company now makes more from renewable energy equipment like wind turbines. Healthcare is mostly big machines. Boeing (NYSE:BA) remains a drag on GE Aviation, and GE Capital can no longer soften the blows.For the third quarter, General Electric reported a loss of nearly $6 billion, 69 cents per share, on revenues of $23.4 billion. Culp emphasized that losses from continuing operations were just 8 cents per share. He showed $650 million in industrial free cash flow. He also pointed to a backlog of orders that now totals $386 billion, mostly for jet engines and industrial turbines. Since then the shares are up 9%, against a 2.5% gain for the average S&P 500 stock.Not everyone is convinced. JPMorgan Chase (NYSE:JPM) analyst Stephen Tusa, who saw the Immelt disaster coming and may wear the label "GE Bear" to his grave, says General Electric is still missing targets set only in March. He believes numbers look good only because of restructured spending. The Bottom Line on General ElectricGeneral Electric remains an industrial goods company. Industrial goods are not a great business to be in. The company continues to struggle with enormous debt. The amount it will owe on those long-term care policies remains uncertain.I continue to wish Culp well, but from the sidelines. General Electric is, at best, a speculation. If you buy shares today, you're betting it can generate big profits from industrial revenue, and that it can grow. Hope is still not a plan.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post Larry Culp's General Electric Depends on Restructuring Plan appeared first on InvestorPlace.
Home Depot's Analyst Day is around the corner and the day could be a marker of lower expectations for the year ahead.
It's the second big-time board appointment for Tomé since she retired from The Home Depot Inc. (NYSE: HD) on Aug. 31.
DOW UPDATE The Dow Jones Industrial Average is falling Thursday afternoon with shares of 3M and Cisco facing the biggest setback for the index. The Dow (DJIA) was most recently trading 5 points, or 0.
Smaller distribution centers are becoming increasingly common as a way for big retailers to fulfill same- and next-day deliveries.
Finding strong stocks with solid growth needn't be a tradeoff with your environmental, social and governance values. Check out these 50 Best ESG Companies.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
A tight supply will raise Christmas tree prices above last year’s $78 average, but everyone should still be able to find one
Understanding the developing consumer trends in this season is important to determine the companies that would post earnings beats in the fourth quarter. Continue reading...
While an individual stock is certainly a great option to tap the Black Friday deals in the investment world, a basket approach through ETFs is diversified and more cost effective at lower risk.
Holiday sales are expected to increase between 3.8% and 4.2% from last year, which marks a notable improvement from last year's growth of just a "couple of percent," National Retail Federation CEO Matthew Shay said on CNBC's "Squawk Box" Friday. Early estimates from Adobe point to an 18.9% year-over-year increase in online sales Thursday to $4.4 billion, according to CNBC. Online sales between Nov. 1 and Nov. 27 were also up 16.1% year-over-year as consumers took advantage of discounts and sales that are no longer reserved for Black Friday.
Home Depot (HD) loses momentum on the recent dismal top-line performance in third-quarter fiscal 2019. However, its earnings beat streak and strategic investments create positive sentiments.
Discounters, grocers and home improvement may not feel the holiday heat, but department stores and specialty retailers do. Many retailers earn more than 45% of full-year earnings in the quarter encompassing the holidays.
US stocks ended last week with losses as retailers posted disappointing third-quarter results and investors weighed mixed signals regarding US and China trade talks. The S&P 500 inched down by 0.38%, the NASDAQ Composite lost 0.35%, and the Dow Jones Industrial Average declined by 0.57%. On Tuesday, a number of retailers started to report their third […]