154.69 +1.71 (1.12%)
After hours: 4:33PM EDT
|Bid||153.09 x 800|
|Ask||153.44 x 900|
|Day's Range||152.83 - 155.26|
|52 Week Range||109.35 - 225.06|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||3.07|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||147.54|
The market managed to snap out of a two-day funk before it raced out of control, with the S&P 500 logging a gain of 0.36% on Thursday. Nevertheless, the volume behind the move was modest, and the weight of the gains since early June are still bearing down.Source: Shutterstock The gain took shape despite Netflix (NASDAQ:NFLX), which fell 11% after last quarter's subscriber growth fell well short of estimates. Helping keep stocks in the black despite Netflix's stumble, above others, were International Business Machines (NYSE:IBM) and Philip Morris International (NYSE:PM). Shares of Big Blue improved more than 4% following its second quarter earnings beat, and the cigarette company's stock jumped more than 8% after it crushed its Q2 outlooks.It's the stock charts of eBay (NASDAQ:EBAY), Intel (NASDAQ:INTC) and Mohawk Industries (NYSE:MHK) that offer the most promising trade prospects as the week comes to a close, however. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)It would be easy to give up on Intel here, after the reversal that began to take shape in late May seems to have stalled. It's too soon to throw in the towel just yet, though. INTC stock has found support right where it needed to most, and may only simply be preparing its next move. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If such an effort is brewing and manages to take hold, however, there's a fair amount of upside that could actually be captured in a short period of time. Click to Enlarge• The support in question was offered by the critical 200-day moving average line, plotted in white on both stock charts. This week, it's kept Intel from sinking any lower (highlighted).• That support, however, will mean nothing until INTC stock moves above the gray 100-day moving average line, which more or less coincides with a handful of highs around the $50.50 level.• The long-term pattern favors a move above current levels. Pushing up and off of a support level that now tags all the key lows since the beginning of 2018, plotted in red on both stock charts, a move to the $58 area would repeat and complete the pattern.• Still, there's a decided lack of volume behind the bullish effort thus far. Mohawk Industries (MHK)At the beginning of this month Mohawk Industries was pegged as a good breakout candidate. Though the thrust from June had rolled over, it found a technical floor at the idea spot and turned high again. The move underscored a much bigger upside effort that started to take shape late last year.MHK has knocked over another impasse in the meantime. The technical ceiling that capped the early July gain where June's peak was to be found has been hurdled as well. The backdrop isn't too shabby either. Click to Enlarge• The technical ceiling in question is $153.50, plotted in blue on both stock charts, marking where Mohawk made its last two highs.• Though hardly above average, the volume that had been missing since the late-June bounce is finally starting to take shape.• The rebound from last year's miserable pullback puts that weakness well into the rearview mirror, but also leaves no clear technical ceiling. Last July's high near $228 is the next most plausible resistance. eBay (EBAY)The initial reaction to Wednesday's post-close earnings report from eBay was extreme bullishness, unwinding a sizeable (even if not earth-shattering) setback suffered during Wednesday's regular hours action. It looked like the pause since mid-June was going to give way to a new rally.Thursday's bullishness faded quickly though, and in a big way. While EBAY stock still ended the day with a gain, it ended the day well below the highs, and the stage is set for much more weakness with even just the slightest of slipups. Click to Enlarge• Tall bars made on high volume often indicate pivot points. In this case two consecutive tall bars on volume surges suggest that the profit-takers were and are tearing in, and were planning to do so no matter what.• Zooming out to the weekly chart, we can see that the last overbought condition that coincided with a pullback from a tall weekly bar from early 2018 turned out to be a major pivot point as well.• The key here is the $38.84 area, marked in yellow on the daily chart. That's where eBay shares made a low on Wednesday, but also in late June. A move under that level could prove problematic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Big Stock Charts for Friday: eBay, Intel and Mohawk Industries appeared first on InvestorPlace.
Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Mohawk Industries Inc NYSE:MHKView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for MHK with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.25 billion over the last one-month into ETFs that hold MHK are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. MHK credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CALHOUN, Ga., July 01, 2019 -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Second Quarter 2019 earnings release on Thursday July 25, 2019 you are invited to listen.
Building on Thursday's bounce, stocks ended the final trading day of the week, month and first half of 2019 on a high note. The S&P 500's 0.58% gain didn't quite carry it back to record-high territory, but that level is within sight and easy reach.Source: Allan Ajifo via Wikimedia (Modified)Bank of America (NYSE:BAC) gets a bunch of the credit. Shares of the mega-bank were up nearly 3% on the heels of news that a generous buyback and dividend payment budget has been approved by the Federal Reserve. Constellation Brands (NYSE:STZ) technically logged the bigger gain though, rallying 4.7% on a solid first-quarter revenue beat and equally impressive guidance.Weighing the market down was the surprising 1.2% for Advanced Micro Devices (NASDAQ:AMD). Although generally a great performer on days that are good for the broad market, traders decided shares were overextended from their outstanding performance through the first half of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 F-Rated Stocks to Sell for Summer Headed into the first day of a trading week that will halt halfway through to celebrate Independence Day, the stock charts of KeyCorp (NYSE:KEY), Procter & Gamble (NYSE:PG) and Mohawk Industries (NYSE:MHK) hold the most interest. Here's what's most noteworthy. Mohawk Industries (MHK)Back on May 14, I pointed out Mohawk Industries shares were finding strong support at key moving average lines, which had a good chance of pushing the stock up and over a major resistance level than at $144. Although it was going to take some time and a little luck to make it happen, it was a prospect worth watching.As of Friday, MHK shares are at $147.47, above a key ceiling not for the first or second time, but a third time. And, it's this third effort that looks most built to last, as a couple of other bullish clues have materialized in the meantime. Click to Enlarge * The $144 area was February's peak, but as of the middle of May, that was also where the white 200-day line was. That long-term moving average line has since fallen, but either way, Mohawk shares are above it. * The purple 50-day moving average line has also moved above the 200-day average, creating a so-called "golden cross" that points to a new bullish undertow that should last for a while. * The pullback in mid-June was daunting, but all it took was a kiss of the 50-day moving average line to reverse course for higher highs again. The fact that the 50-day average is support bolsters the golden cross that took shape last month. * Zooming out to the weekly chart it becomes clearer how much support a couple of the stock's key moving averages are now providing. Procter & Gamble (PG)One bad day doesn't quell an uptrend. But, two sizeable setbacks in four days and a complete unwillingness to participate in marketwise bullishness is highly suspect.That's Procter & Gamble right now. Friday's loss was hardly devastating, but the close was well under the open, and the volume behind the selloff was significant. The move lower also solidified a pullback effort that has been taking shape since PG stock bumped into a long-established resistance line in the middle of June. It's all part of a rising trading range, though given the length of the advance, there's good reason to be concerned the fresh weakness could be an omen of a major correction. * 7 One-Stock Portfolios for Passive Investors Click to Enlarge * The prod for last week's weakness was a new encounter with a rising resistance line, plotted in white on both stock charts, that extends back to May of last year. * We've seen this ceiling push P&G stock lower before, though, usually to no avail. A floor has been established, marked with a red dashed line on both stock charts, but the gray 100-day moving average line may also act as support if tested. * If neither of those floors holds up in the event of a more serious wave of selling, the next-best support area is the white 200-day line, currently at $96.88 but rising quickly. KeyCorp (KEY)In early June, KeyCorp was pegged as a breakout candidate. The stock had been increasingly squeezed into the tip of a converging wedge pattern, and was running out of room. There is a major technical ceiling to clear in conjunction with the upper boundary of the wedge, but if breached, such a move could prove catalytic.That happened. Although the rally took a breather as the pivotal ceiling was met, the bulls held their ground until they could regroup. Thursday's advance cracked the ceiling, and Friday's follow-through move outright broke it. There's little left to hold the stock back here, particularly if the rest of the banking sector's stocks continue to advance. Click to Enlarge * The upper boundary of the wedge is marked in yellow on both stock charts, but the best bullish argument here is the move above the white 200-day moving average line. * The thrust is healthier than it may even seem on the surface. For the better part of June, the purple 50-day and gray 100-day moving average lines served as support, turning into a pushoff point for the new rally. * Despite headed into a weekend that many people will use as the beginning of a vacation, the amount of buying volume grew nicely into Thursday's and Friday's sessions.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks Compare Brokers The post 3 Big Stock Charts for Monday: KeyCorp, Procter & Gamble and Mohawk Industries appeared first on InvestorPlace.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
The size of Mohawk Industries, Inc. (NYSE:MHK), a US$11b large-cap, often attracts investors seeking a reliable...
Jeff Lorberbaum has been the CEO of Mohawk Industries, Inc. (NYSE:MHK) since 2001. This report will, first, examine...
Strength in the Laminate and Wood business, as well as strategic acquisitions have been helping Mohawk Industries (MHK) to generate improved results. Yet, increased costs are denting its bottom line.
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Mohawk Industries (MHK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The recently retired chief financial officer accepted the Lifetime Achievement Award at the 2019 CFO of the Year Awards sponsored by Atlanta Business Chronicle and the Association for Corporate Growth Atlanta.
Mohawk Industries, Inc. (NYSE: MHK ) shares have been under pressure over the past several months due to downward revisions to the company’s outlook. While the stock reflects the possibility of further ...