|Bid||150.17 x 1200|
|Ask||150.27 x 900|
|Day's Range||149.25 - 150.63|
|52 Week Range||109.35 - 225.61|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||3.01|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||143.92|
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.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
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 ...
A nice rebound on Wednesday, with the S&P 500 mustering a 0.59% gain to end the session at 2,850.96. But, the effort stopped at a familiar technical ceiling, and the volume behind the move was never impressive. The bears may still be quietly in control.Source: Allan Ajifo via Wikimedia (Modified)Amazon (NASDAQ:AMZN) did more than its fair share of heavy lifting, gaining 1.7% mostly on the heels of a reminder that Berkshire Hathaway has taken a big stake in the e-commerce company. Smaller outfit Trade Desk (NASDAQ:TTD) dished out the bigger gain though, rallying another 7.9% to bring its two-day tally to 13% after the market had a chance to chew on last quarter's numbers.Holding the market back, more than any other name was Overstock.com (NASDAQ:OSTK), off nearly 16% in response to reports that CEO Patrick Byrne sold a sizable chunk of his stake during the first quarter of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Headed into Thursday's session, however, it's the stock charts of Mohawk Industries (NYSE:MHK), Raytheon Company (NYSE:RTN) and People's United Financial (NASDAQ:PBCT) that are of the most interest. They look closer to the beginning of big moves rather than at the end of them. People's United Financial (PBCT)Most bank stocks were in the red on Wednesday, for industry-specific reasons, and People's United Financial was no exception to that bearish tide. But, PBCT stock was an exception in the sense that its pullback was considerably bigger than those booked by other banking names, and the scope of the move itself did some serious technical damage to this particular stock that wasn't done to other tickers in the same group.A couple of different times this year it appeared PBCT would be able to break away and rally. This week's second blow, however, may discourage a third rebound effort. Click to Enlarge * Not only are People's United Financial back under all of their key moving average lines, but the most recent selloff days have also all been on above-average volume. The gains have been on light volume. * Although we just made the opposite signal, the purple 50-day moving average line is nearing a cross back below the 200-day moving average line plotted in white on both stock charts. That would be a so-called 'death cross.' * The weekly chart is one bad day away from giving a bearish MACD cross, which has historically been a good signal of more trouble. Mohawk Industries (MHK)Last year was a miserable one for Mohawk Industries shareholders. The stock peaked near $287 in late 2017, and by December of 2018 was at lows near $109.MHK shares have since stopped the bleeding, but they haven't recovered. They've not even dropped clear hints of signs they could recover. Investors willing and able to look past the overt clues and pay attention to the more subtle ones, however, have good reason to put Mohawk Industries back on their watchlist. * 10 Stocks to Sell Before They Tank Your Portfolio Click to Enlarge * It's been intermittent and inconsistent, but all of the short-term moving average lines are now acting as technical support. This provides a pushoff point for the next bullish effort. * The line in the sand is, give or take, $144. That's where the 200-day moving average is, and that's where the February surge topped out. Raytheon Company (RTN)Raytheon Company shares got the new year started on the right foot, along with most other stocks. Unlike most other stocks though, that advance was stopped in its tracks in late February. Although a floor appears to have developed right where it should have, the ceiling appears to be even better developed now than it was then.Whatever's in the cards, the make-or-break lines are well-defined, and should be heeded. And, for what it's worth, the path of least resistance from here is a bearish one. Click to Enlarge * The ceiling in February was the 200-day moving average line, plotted in white on both stock charts. It didn't cap the bullish moves in April, but the peak around $188 did step up again. * On the other side of the daily bars is support at the gray 100-day moving average line, which has helped muster straight-line support around $174, plotted with a red, dashed line. * It's not evident on the daily chart, but when zooming out to the weekly chart it's clear that at least some of this month's weakness can be attributed to the falling resistance line that has guided RTN lower since last April's peak.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 3 Big Stock Charts for Thursday: Mohawk Industries, Raytheon and People's United Financial appeared first on InvestorPlace.
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