32.58 +3.90 (13.60%)
Pre-Market: 7:51AM EST
|Bid||31.40 x 1100|
|Ask||29.30 x 1100|
|Day's Range||24.06 - 28.79|
|52 Week Range||6.90 - 28.79|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.00|
The IBD Live Team analyzes Virgin Galactic, a stock with strong technical chart action but no earnings or revenue. When a stock's storyline is a substitute for true fundamentals, the trade becomes a speculative trade.
Friday marked a quiet day for the indices, but a loud day for earnings. That said, let's look at a few top stock trades as we head into the long holiday weekend. Top Stock Trades for Tuesday No. 1: Roku (ROKU) Click to Enlarge Source: Chart courtesy of StockCharts.comMan, did the trade in Roku (NASDAQ:ROKU) work out well or what? After better-than-expected earnings, Roku shares gapped up into $150 resistance and have since sold off. The stock has given up all of its post-earnings gains, and then some.As it declines now, it's running into the backside of prior downtrend resistance (blue line). If it holds, look for an eventual rebound back up to $150 -- although Friday's action is quite discouraging for the bulls.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBelow prior downtrend resistance puts the $117 to $122 area on watch, and if we get a dip into that zone, it may be an opportunity. Overall, this was a quality earnings report, and full-year guidance was solid. I would be a buyer on a dip to this level, although I acknowledge momentum has not been on Roku's side lately -- and that $100 to $110 could be on the table should this support level give way. Top Stock Trades for Tuesday No. 2: Canopy Growth (CGC) Click to Enlarge Source: Chart courtesy of StockCharts.comBetter-than-expected earnings didn't result in the same price action for Canopy Growth (NYSE:CGC). Instead, shares are rallying more than 15% at the moment, even though the chart looks rather "blah."However, don't let Friday's modest-looking candle fool you. CGC stock avoided breaking below critical $17.50 support, while reclaiming its 50-day and 100-day moving averages. Those marks, along with the recent February lows, are now critical support points on the chart. Below them, and $17.50 is back on the table.On the upside, let's see if CGC can again challenge the $25 level. Above puts the declining 200-day moving average on the table. Top Stock Trades for Tuesday No. 3: Virgin Galactic (SPCE) Click to Enlarge Source: Chart courtesy of StockCharts.comI flagged Virgin Galactic (NYSE:SPCE) back in late December when shares were looking to break out over $12. Now hitting $28 on Friday, this one has made a killer move to the upside.I have not wanted to fight this one, simply because these types of big moves are possible. Those who have missed out, but want to try a long in SPCE, may find some luck by waiting for a test-and-hold of the 10-day moving average. That's been support since the January breakout.Below puts short-term uptrend support (blue line) on the table, followed by $20 -- a key breakout mark earlier this month. Above Friday's high, though, and $30-plus is on the table. Top Stock Trades for Tuesday No. 4: Yeti (YETI) Click to Enlarge Source: Chart courtesy of StockCharts.comYeti (NYSE:YETI) stock is down 5% after disappointing earnings, as the breakout earlier this month failed to gain traction. We highlighted this setup, but emphasized that if shares broke below the breakout mark near $37, then traders need to cut ties with it and stop out.Now down to $32.50, that discipline is paying off. Aggressive bulls may consider Yeti stock a buy now. The 100-day moving average is buoying the share price, while uptrend support (blue line) has been in play for months now.A bounce puts the 50-day moving average back on the table, and a move above that puts $36 to $37 resistance on the table. Below the 100-day moving average and uptrend support, however, and the 200-day moving average is possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 4 Top Stock Trades for Tuesday:Â ROKU, CGC, SPCE, YETI appeared first on InvestorPlace.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or "the Company"), a vertically integrated aerospace company, has successfully completed another vital step on its path to commercial service, relocating SpaceShipTwo, VSS Unity, to its commercial headquarters at Spaceport America’s Gateway to Space building.
Among top stocks to buy and watch, the IBD Live Team focused on Virgin Galactic stock for a potential speculative swing trade on IBD Live Tuesday.
Tim Manning, Managing Director, Special Situations at Cowen Inc. Cowen Inc. is far and away the leader in secondary-market trading of SPAC shares, giving it a unique window into the so-called de-SPAC process. That is a critical advantage to both investors and sponsors alike, according to Tim Manning, Managing Director in the Special Situations Group […]
A SpaceX IPO of its space-based internet business could be in the works as the service will go live in a limited fashion this summer.
The taxpayer-funded development had a $33 million direct economic impact in fiscal year 2019, according to a newly released report.
Chris Weekes, Tim Manning, and Zach Fisher of Cowen Inc. By John Jannarone Not long ago, the special-purpose acquisition company, or SPAC, was a fledgling vehicle considered a second-rate path to the public markets. But in the last several years, issuance of SPAC IPOs has exploded, rivaling major asset classes and accounting for a quarter […]
Coronavirus, shmoronavirus. The market just doesn't care, with the S&P 500 hitting another new all-time high on Wednesday. That said, let's look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Boeing (BA)Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) shares remain under pressure, as its 737 MAX woes continue to weigh on investor sentiment. Now though, the stock is breaking through critical range support.Over the past 18 months, only the market-wide, fourth-quarter meltdown was enough to take BA stock below $320 range support. For the past year, any negative 737 MAX news was met by buyers near this mark -- until now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips$320 support gave way this week, and now BA is knifing through its 150-week moving average. For many, BA is a no-touch. That is, until it reclaims $320 range support, or gets to a lower price. In the event of more downside, let's see if BA revisits the 2018 Q4 lows between $285 and $290. * 10 Stocks to Buy as the 2020 Presidential Election Approaches Below puts the 200-week moving average near $265 on the table. Top Stock Trades for Tomorrow No. 2: Aphria (APHA)Source: Chart courtesy of StockCharts.comAphria (NYSE:APHA) stock was one of two cannabis plays that I liked coming into 2020, along with Canopy Growth (NYSE:CGC). APHA is moving nicely on the day, up nearly 8%.The stock is hitting its highest level since it closed at $5.50 on Dec. 13, as it breaks out over that same price and continues to gain after pushing through downtrend resistance (purple line).Bulls would love to see APHA power through the 200-day moving average, although it may very well act as resistance on its first test.If Aphria shares pullback, bulls need to look for two areas of support. The first is $5.50, which had been resistance for months, while the second is the 50-day moving average and uptrend support (blue line). Below, and $4.50 is back on the table. Top Stock Trades for Tomorrow No. 3: JD.com (JD)Source: Chart courtesy of StockCharts.comAbove is a multi-year, weekly chart of JD.com (NASDAQ:JD), which shows the impressive bullish volume in the stock over the past few quarters. The stock hammered out a nice bottom near $20 in late 2018, and has been working higher ever since.For most of 2019, JD.com was setting up in a beautiful long-term ascending triangle. That's where rising uptrend support (blue line) squeezes a stock against a static level of resistance. The latter came into play near $32 and the 200-week moving average.Bulls got what they were looking for in the form of a big-time breakout. JD has since reclaimed $36, and continues to rise. If it can maintain this week's gain, investors are looking at a bullish, engulfing candle -- suggesting more upside could be in store. * 7 Energy ETFs to Buy for a Rebound in 2020 Over $42, and the $44 to $46 range is on the table. Historically, JD.com has struggled above this area. Above it, and $50 is possible. Below $39, and perhaps we can get a test of $36. Should the market really unravel, I'd love to scoop JD up at $32. Top Stock Trades for Tomorrow No. 4: Virgin Galactic (SPCE)Source: Chart courtesy of StockCharts.comYou want to talk about volume, though? Just check out the profile on Virgin Galactic (NYSE:SPCE). This stock continues to erupt higher and higher, leaving the stratosphere.We flagged the stock on its breakout over $12, paving the way to some tremendous gains, although I have been more cautious on the name north of $15. Like I said then, there could certainly be more upside, but no way can we be buyers here near $20 when SPCE was at $11 just a few days ago.Maybe we can buy a pullback, if there are signs that bulls still have momentum. Otherwise, we could see this one blow its top off and then fizzle.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long APHA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy as the 2020 Presidential Election Approaches * 5 Dividend Stocks With Low Payout Ratios and High Yields * 4 Post-Holiday Retail Stocks Still Worth a Look The post 4 Top Stock Trades for Thursday: BA, APHA, JD, SPCE appeared first on InvestorPlace.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("VG" or "the Company"), a vertically integrated aerospace company, today announced that George Whitesides, Chief Executive Officer, will be presenting at the Barclays Industrial Select Conference on Thursday, February 20, 2020 at 8:35am ET, in Miami, Florida.
After some IPO duds, special purpose acquisition companies, or SPACS, are booming. How to identify the opportunities -- and the risks.
Markets inched their way higher Wednesday, as the U.S. and China signed phase one of the trade deal. With that said, let's look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Pinterest (PINS)Source: Chart courtesy of StockCharts.comMomentum has shifted for Pinterest (NYSE:PINS), and shares have been on fire over the past two days after reports of positive user data.The stock is cooling off a bit on Wednesday, but it's got buyers wondering when and if to buy the dip. How do we navigate the stock after yesterday's 10% rally and Wednesday's move?InvestorPlace - Stock Market News, Stock Advice & Trading TipsA move over Wednesday's high likely sends it to the 200-day moving average, with $25 above that. A move lower, however, could be met with buyers near $21. If it's not, PINS stock could drop to the $19 to $20 area.If that's the case, it may be an excellent buying opportunity, with uptrend support (purple line), the backside of prior downtrend resistance (blue line) and the 20-day and 50-day moving averages all clustered in this zone. Below this area, and the long trade is broken. Top Stock Trades for Tomorrow No. 2: Visa (V)Source: Chart courtesy of StockCharts.comVisa (NYSE:V) stock has been surging in 2020, keeping up its momentum from the fourth quarter. Shares burst over uptrend resistance (blue line), and are now knocking on the door of $200.It will likely be met by sellers initially, particularly as the stock is technically overbought (blue circle). On a pullback, the first level of support is the backside of prior trend resistance.Below that, uptrend resistance (purple line) and the 20-day moving average are on the table. As for upside, Visa can keep going. But at this stage of the move, I am not a buyer at current levels. Top Stock Trades for Tomorrow No. 3: Bank of America (BAC)Source: Chart courtesy of StockCharts.comBank of America (NYSE:BAC) beat earnings, but not revenue expectations for fourth quarter -- and is failing to rally on the day. Shares are down about 2% on the move, but even worse, it's breaking key levels.BAC stock is now below the 20-day moving average and uptrend support (blue line). A slightly larger decline will send it below $34.40, which has been short-term range support. In that case, it will put the 50-day moving average and $33.50 area on watch.For longer-term buyers, Bank of America may present a solid buying opportunity lower at $32. Top Stock Trades for Tomorrow No. 4: Virgin Galactic (SPCE)Source: Chart courtesy of StockCharts.comWhen we were looking at a bullish trade in Virgin Galactic (NYSE:SPCE), I did not anticipate such a powerful move so fast.But that's exactly what we've got, with shares breaking out over $12. That occurred four trading sessions ago, and now shares are already at around $15 -- up 25%.The move sent shares up through channel resistance (blue line), and while even more upside could be in play -- like Visa -- it's hard to be a buyer right here. Above $13.75, and bulls are still technically okay, while pullbacks to this level and to prior channel resistance may be bought should buyers step up.Below $13.75, and channel support along with the 20-day moving average are in play. Top Stock Trades for Tomorrow No. 5: Village Farms (VFF)Source: Chart courtesy of StockCharts.comCannabis stocks have been on fire lately, and Village Farms (NASDAQ:VFF) is making a comeback, too. The stock has erupted over downtrend resistance (blue line) and the 20-day moving average Wednesday. Now, it's trying to reclaim the 50-day moving average.If it continues higher, the 200-day moving average could be the next upside target. On a pullback, I want to see the 20-day moving average and downtrend resistance hold as support. Below $5.40, and the long trade is broken.On a dip, look to see if VFF can establish a higher low -- but keep in mind, this is a very speculative play.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post 5 Top Stock Trades for Thursday: PINS, V, BAC appeared first on InvestorPlace.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("VG" or "the Company"), a vertically integrated aerospace company, is pleased to announce the appointment of Enrico Palermo as Chief Operating Officer (COO), effective immediately. In this newly created role, Enrico will be responsible for helping maintain efficiency and peak performance across the enterprise as it develops as a public company, and will lead the execution of specific company strategies and initiatives.
Virgin Galactic Holdings Inc (NYSE: SPCE) shares are trading higher this week and are now up 57.5% in the past month. At 10:12 a.m., a trader bought 600 Virgin Galactic call options with a $14 strike price expiring on March 20 near the ask price at $1.75. At 10:15 a.m, a trader bought 1,000 Virgin Galactic call options with a $20 strike price expiring in January 2021 near the ask price at $1.75.
With its first commercial flight expected to take to the skies from Spaceport America this year, Richard Branson's Virgin Galactic is on a mission to hire. The space company plans to bring on at least 50 new employees in New Mexico, including a variety of STEM positions, according to a spokeswoman. Virgin Galactic has the potential to become a major tech employer in the Las Cruces area, where it has offices.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("VG" or "the Company"), a vertically integrated aerospace company, today announced that it will report its financial results for the fourth quarter and full year 2019 following the close of the U.S. markets on Tuesday, February 25, 2020. VG will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
As the countdown continues toward a future of space flight for the traveling public, Virgin Galactic Holdings Inc (NYSE: SPCE) on Wednesday announced a key milestone toward the completion of its second spaceship. Virgin Galactic announced the ship is now “Weight on Wheels,” meaning the main parts of the vehicle are assembled and on the landing gear. Virgin Galactic has already launched one spaceship, the Unity.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("VG" or "the Company"), a vertically integrated aerospace company, today announced that Enrico Palermo, President of The Spaceship Company, VG’s wholly-owned aerospace development subsidiary, will be presenting at the UBS Future of Travel Conference on Thursday, January 16, 2020 at 10:30am ET, in New York City.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) ("VG" or "the Company"), the world’s first commercial spaceline, announced today that it has reached the "Weight on Wheels" milestone in the build of its second commercial spaceship. In this milestone, all major structural elements of the vehicle were assembled, and the vehicle deployed its main landing gear and carried its own weight for the first time. The milestone signals strong progress in the manufacture of Virgin Galactic’s space vehicle fleet by The Spaceship Company, VGH’s wholly-owned aerospace development subsidiary.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("VG" or "the Company"), a vertically integrated aerospace company, today announced that George Whitesides, Virgin Galactic’s Chief Executive Officer, will be presenting at the Bank of America Merrill Lynch 2020 Defense Outlook & Commercial Aerospace Forum on Thursday, January 9, 2020 at 4:00pm ET, in New York City.
Is the market finally running out of gas? While we saw new highs in the market on Friday, bulls struggled to keep the indices higher throughout the session. Let's look at a few top stock trades going into the last few days of 2019. Top Stock Trades for Tomorrow No. 1: Alphabet (GOOG)Source: Chart courtesy of StockCharts.comWhile Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and other mega-cap tech stocks explode higher, Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is missing a bit. Not so much in the sense that it hasn't enjoyed 2019 -- it has, up 30% -- but in the sense that it hasn't done nearly as well as its peers.In any regard, GOOGL stock continues to coil just below $1,365. A breakout over the $1,367 high could kickstart a further rally, likely up toward $1,400.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's see if the rising 20-day moving average can give GOOGL a boost, or if a pullback will be in order first. In the latter case, see that uptrend support (blue line) and the 50-day moving average buoy Alphabet. * 7 Stocks to Buy to Get 2020 Started the Right Way Below that level puts $1,295 back in play. Top Stock Trades for Tomorrow No. 2: American Airlines (AAL)Source: Chart courtesy of StockCharts.comOof. That's all that can be said about American Airlines (NYSE:AAL) stock over the past few years. The stock continues to put in a series of lower highs, as sellers bully the price lower and lower.On the plus side though, AAL stock put in a lower high in recent months. Shares are getting hit on Friday to the tune of 4%, so it's not all good news. Still though, if American Airlines can put in another higher low -- riding uptrend support (black line) higher -- then bulls may get a breakout in 2020.Should uptrend support fail, it puts $25.50 on the table, as well as downtrend support well below $24. Over downtrend resistance and the 50-week moving average, and AAL can garner some upside momentum. Top Stock Trades for Tomorrow No. 3: Virgin Galactic (SPCE)Source: Chart courtesy of StockCharts.comVirgin Galactic (NYSE:SPCE) officially came public about two months ago, but it has not received a very warm welcome. However, that's starting to change.After bottoming at $6.90 and finding its footing in the low-$7s, SPCE stock is looking better. Now consolidating between $10.50 and $11.50, traders are looking for a break of either level.A breakout over resistance signals to bulls that more upside could be on the way, particularly if the stock can clear the post-IPO high of $12.09. A breakdown could send SPCE to its 200-day moving average. Should bulls fail to buoy it, sellers could knock it down to single digits. Top Stock Trades for Tomorrow No. 4: RH (RH)Source: Chart courtesy of StockCharts.comFormerly known as Restoration Hardware, RH Inc (NYSE:RH) has been on fire this year. Earnings are routinely better than -expected and a Warren Buffett investment has bulls feeling good.That said, shares are slipping Friday, down more than 6% at one point. I would love to see bulls make a stand in this $210 area. There it has uptrend support (blue line), as well as the earnings gap-up level from earlier this month.Below that and RH may need more time to digest this year's gains. See if the 50-day moving average supports the stock in that case. If not, a retest of the $192.50 breakout area could be in order.On the upside, bulls want to see RH reclaim the 20-day moving average, then take out the recent high at $229.55. If they can, it puts the prior high at $243.67 on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy to Get 2020 Started the Right Way * 10 Best ETFs for 2020: The Competition Is Stacked Full of Potential * 4 Gold Stocks to Buy as the Yellow Metal Surges The post 4 Top Stock Trades for Monday: GOOGL, SPCE, RH, AAL appeared first on InvestorPlace.