|Day's Range||5.0000 - 5.0000|
Since the EIA (U.S. Energy Information Administration) released its inventory data on July 10, US crude oil August futures have fallen 4.7%.
Shares of Aurora Cannabis (NYSE:ACB) haven't been looking so hot. In fact, on July 12 alone, shares tumbled more than 5%. But the fall did more than give investors a sour ending to the week. It sent shares through a key level of support and all but put the nail in the short-term coffin of pain.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsOK, maybe that's a little extreme. But the point is that ACB stock is not looking healthy on the charts. While that doesn't mean Aurora Cannabis can't bounce back and repair some of that technical damage, it makes it a lot harder to do so. From an investing standpoint, I like to blend technicals and fundamentals. When the technicals are not strong -- like with ACB stock -- we need to lean more heavily on the fundamentals. When the fundamentals are not the stock's strong point, we need the technicals to display strength. Unfortunately for Aurora Cannabis stock investors, while its end market looks to be a long-term opportunity, its fundamentals are not that strong in the short term. Without technicals to lean on, this stock could have more downside coming. Trading ACB Stock Click to EnlargeWith shares of ACB dumping on Friday, the stock lost a key level of support between $7 and $7.25. For the stock to even come close to repairing some of this damage, it needs to reclaim this former level of support. * 7 Dependable Dividend Stocks to Buy The risk here is two-fold, with the first being that Aurora Cannabis stock continues to head lower. The second risk is that it rebounds back up to the $7 to $7.25 range, which then acts as resistance. That would be bad news for the bulls. On Monday, ACB stock was rallying back toward that prior range support, so we should know relatively soon whether it can reclaim this area or if it will be found as resistance. At least we don't have to wait long to find out. Should ACB stock reclaim that key support area, it may run up toward $7.50 to $8. But here's the problem for traders looking to take ACB on the long side. Even if it reclaims prior support, it has to push through this next area too, before looking healthy again. And what's between $7.50 and $8? Just 2019 downtrend resistance (blue line), the 20-day, 50-day and 200-day moving averages. I'm not saying ACB stock is the worst equity to buy or that it's doomed. But until it repairs its technical damage and starts to put together more constructive price action for the bulls, it's a hard one to go long. Particularly as the PowerShares QQQ ETF (NASDAQ:QQQ) and SPDR S&P 500 ETF (NYSEARCA:SPY) are hitting new all-time highs. The breakdown in ACB stock was actually preceded by Canopy Growth (NYSE:CGC). CGC stock broke down ahead of ACB and led the way lower for a number of cannabis stocks. What's Up With Cannabis Stocks?So what's leading this charge lower? Because it's not just CGC and ACB stock. Cronos Group (NASDAQ:CRON), New Age Beverages (NASDAQ:NBEV), Aphria (NYSE:APHA) and others are all taking a very similar bearish setup. On the charts, this setup is known as the bearish descending triangle. Simply put, it's when trend is pushing shares lower against a static level of support. When support gives way, the bearish setup starts to play out, forcing share prices lower. The question is, why is the entire industry all setting up in the same manner? * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Things really started to unravel when Canopy Growth -- which many consider the "blue chip" stock of the bunch -- ousted its CEO. Canopy was volatile but stable that day, but has been under pressure all month since. It seems to have turned investors into sellers throughout the group, as the cannabis industry awaits a new catalyst. That's even as growth has been incredible, with many of these names turning in earnings reports of triple-digit revenue growth gains.While Aurora Cannabis missed analysts' estimates, it still churned out revenue growth of 289% last quarter. That said, most of these names -- ACB included -- do not generate profits and do not have the strongest financials. Thus, we need the technicals to behave better to justify a long position. For now, I'd wait before establishing a position in ACB stock. Long-term investors may opt to accumulate the stock, but I would rather wait until the stock looks healthier. One alternative would be a position in Constellation Brands (NYSE:STZ), which owns 40% of CGC, but has strong fundamentals and a good-looking chart to boot. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell held no position in any aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Does Aurora Cannabis Stock Chart Point to a Mid-Summer Plunge? appeared first on InvestorPlace.
The booming demand for government debt demonstrates that while the S&P 500 reaches new highs, many individual investors remain cautious.
Surging inflows for the biggest S&P 500 ETFs show persistent bullish sentiment, but a leading strategist gets bearish.
By Ángel Pardo: Value investors are patient when they know what they’re doing, why they’re doing it and how long it will take for their investment to show a return Continue reading...
Amid earnings reports for 2Q 2019, investors should pay close attention to 5 big themes in management commentaries and conference calls that are likely to define the second half of 2019. The negative effects of lingering trade disputes and tariff wars should be a major concern for many companies.
Is the market rally justified? Corporate earnings are at the lowest level this year. We might be heading into an "earnings recession."
The US-China trade war has paused as the two countries restart trade talks, but the lack of a timeline is keeping companies on their toes.
China's National Bureau of Statistics said in a statement that its economy will continue facing "downward pressure" in the back half of the year, CNN reported. U.S. President Donald Trump wrote in a series of Tweets Monday morning that American tariffs on Chinese goods are "having a major effect" on China's economy. In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come.
With the market at record highs and flashing consistent buy signals, we could see some give-back before stocks continue higher.
Gain a basic understanding of a government-sanctioned import tariff, what it is meant to accomplish and common reasons for implementation.
Studies by JPMorgan and Hamilton Lane suggest that investors should consider swapping their holdings of public stocks for private equity right now.
The Federal Reserve faces dilemmas as it decides by how big much it should cut interest rates at the end of this month (yes, it’s not a question of whether they will cut but by how much).
U.S. markets and stock ETFs pushed to new record highs Friday on rising optimism that the Federal Reserve will cut interest rates later this month. On Friday, the Invesco QQQ Trust (QQQ) increased 0.4%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.6% and SPDR S&P 500 ETF (SPY) rose 0.2% as the Dow Jones Industrial Average trade above 27,000 for the first time from the previous session and the S&P 500 hovered above 3000. The markets were reassured after Federal Reserve Chairman Jerome Powell all but guaranteed the central bank would cut interest rates as soon as later this month, the Wall Street Journal reports.
Consistent contributions to well-managed retirement accounts can lead to a financially secure future. Yet, as with all types of investments, a 401k requires management and oversight. From selecting assets to rebalancing your 401k, either you or a professional needs to ensure that the account includes the correct investments in the appropriate proportions for you.Source: ShutterstockDiscover the secrets to 401k management and find out whether you should hire a pro or DIY.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Best Strategies for 401k ManagementWith a new job comes a paycheck and benefits package which typically includes a 401k retirement account. Just click the "sign up" link from your company portal and you'll be directed to a platform that guides your investment choices for your retirement account.More often than not, there is a morass of choices and information. You need to figure out your investment options, the fees and how much to contribute. Take heart -- help is available to navigate the treacherous 401k management waters. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Read on to learn about the various options for account set up and management for your 401k. Where to Get Retirement Account Help?The 401k plan administrator can help with basic account and investment questions. Schwab, Vanguard and Fidelity offer 401k management services and have well-oiled customer service departments. So do many other providers. Betterment for Business, a top robo-advisor, partners with firms to offer their digital investment platform to employees. It also offers personalized advice.If you want more in-depth planning guidance with your 401k and financial future, you might want to hire a financial planner for a review. Just make sure to check out their credentials with brokercheck at finra.org. Many fee-only financial planners offer this service for an hourly fee.If you have a 401k and want a check-up to see if you're on the right track, Blooom will analyze your 401k account for free and make recommendations. For a low fee, Blooom is a one-of-a-kind digital investment manager focused solely on 401k management, 403B, and TSP management.After a free login and account sync, Blooom provides feedback on your asset allocation mix, fees, diversification. Then Blooom shows how their management could improve your account, by suggesting lower fee funds from among the plan choices and adjusting your asset allocation. If you sign up to use Blooom's 401k management you'll pay a small monthly fee of roughly $10 per month, although there are discounts available for multiple accounts and annual payments. How to DIY Your Retirement Account Management?Like any other financial decision, whether to get help managing your 401k or doing it yourself depends on several factors. For those, experienced investors or those comfortable with handholding from the plan representative, you can probably manage your 401k on your own.Here's what you need to do to stay on top of your retirement account management.1\. Understand the plan fees and expenses. Ferreting out this information can be challenging. Fees and expenses go directly to the plan administrator or the investment fund management company.Your account statement and plan documents should list fees and expenses. The investment funds list the management fees. This is the amount that goes directly to the mutual or exchange-traded fund company. Realize that higher fee plans and funds will leave less of your money to invest in the financial markets.Your human resources representative can explain this information as well.2\. After getting a handle on fees, several times per year, review returns. To find out how your returns compare to the market, compare them with relevant unmanaged benchmark indexes. For example, a large cap stock fund return could be compared with the performance of the unmanaged S&P 500 index like the SPDR S&P 500 ETF Trust (NYSEARCA:SPY).When you signed up, you selected an asset allocation that was suitable for your age and risk tolerance. Every year or so, make sure that your account still matches your preferred asset allocation or mix of stock and bond funds. For example, if you want a 70% stock and 30% bond allocation, and by year end, stocks make up 80% of your investments and bonds 20%, you'll need to rebalance.Rebalancing involves buying and selling funds until the asset allocation percentages are in line with your preferences. Or, you can direct new contributions to the underperforming asset class. 401k Management Wrap upIf you're comfortable managing the investments, rebalancing and reviewing fees, then you can get by on your own or with guidance from the plan administrator. If you prefer to have your 401k managed by a professional, consider hiring Blooom or your own financial advisor to ensure that you're making the best retirement account decisions, for you.Barbara A. Friedberg, MBA, MS is a veteran portfolio manager, expert investor, and former university finance instructor. She is editor/author of Personal Finance; An Encyclopedia of Modern Money Management and two additional money books. She is CEO of Robo-Advisor Pros.com, a robo-advisor review and information website. Additionally, Friedberg is publisher of the well-regarded investment website Barbara Friedberg Personal Finance.com. Follow her on twitter @barbfriedberg and @roboadvisorpros. As of this writing, she does not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Secrets to 401k Management -- DIY or Hire a Pro? appeared first on InvestorPlace.
Late Thursday, Trump hurled three tweet bombs at cryptocurrencies, specifically naming Bitcoin and Facebook’s (FB) Libra.