(This is not financial advice) Quick consumer staples play here. I think tech will bleed a little bit this week at least for the early week. I think some of that money will rotate into recover and consumer staples which lagged last week. We are in a good uptrend here with KHC and hitting resistance but this could be a good chance to break through resistance here....
These important sectors have not been booming for over a quarter (no Robinhooders around these sectors, and not worth a Reddit meme) - - Telecommunications: T, VZ, TMUS - Quick service fast food restaurants: MCD, YUM, WEN - Consumer Staples (ETF is XLP): household products PG, CL, CLX: food MDLZ, GIS
🛒 Consumer staples is dealing with a remarkable situation on the macro front which we have discussed at earlier opportunities (see ALPHA PROTOCOL: SEEKING IMMEDIATE EXTRACTION). One should be wary of the immediate risk for a waterfall as consumer staples hang onto the highs by a fingernail. After completing the 5 wave sequence to the topside, clearly the end...
Will Nomad breakout or form another shoulder to match the other side? Time always tells.
So we've got macroeconomic forces pulling in a couple different directions right now. One the one hand, the Fed is talking about pumping trillions of dollars more liquidity into the market, which should further inflate equity prices. On the other hand, with coronavirus cases continuing to rocket, we're starting to see economic data fall off a cliff. Consumer...
We've now had five early earnings reports from the consumer staples sector in the last couple weeks, including today's reports from General Mills and Constellation Brands. On average, EPS for these companies beat analyst estimates by 12.5%, revenue beat by over 3%. That suggests that analysts have underestimated both demand and profit margins for this sector in...
Kroger reported blow-out earnings and sales today, handily beating both the Wall Street and Estimize consensuses. The stock is moving down, however, perhaps because this quarter's earnings were a blip and next quarter's earnings are expected to be in a more normal range. I could see the stock selling off over the next month or so as the "Covid-19 bump" goes...
The following diagram illustrates the breakup of a globalisation advance: Since the retrace in VIX has found a hard floor into the 25 lows, we may characterise the advance as an endgame for our economic cycle purposes. Now the erroneous nature of Volatility advancing can be seen. The effect of demobilising the consumer will weigh heavy on Equities, not...
Consumer staples have sold off along with the rest of the market, but if grocery store shelves are any indication, this sector should have a pretty good quarter. With people eating out less and eating at home more, expect several months of strong demand and good free cash flow in this sector. RHS looks to me to be finding support, and the big volume spike today...
Bearish divergence on Consumer Staples Stocks. Pick large cap top performers in Consumer Staples sector with your favorite sell/short signals.
I was messing around with my charts and noticed that SPY and XLY (Consumer Discretionary) are diverging. Looking back in time - with the exception of one littler divergence a couple years ago - I can't find anywhere else this has happened. Is this maybe a sign that the consumer is getting overly confident? When fear is turned off, things eventually get out of...
XLP has bounced off the 200MA. The last two moves pushed slightly through it, like this one, and the subsequent ramp was at least to the previous high (Feb-Mar) if not higher (Jan). The 2018 price/action below the MA shows this stock does take that indicator into account. The recovery looks to be finishing the final sub-wave of W3. March shows a slight pullback,...
General Mills reports earnings Wednesday and should stay above the trendline in the meantime. It has positive analyst ratings and a positive earnings surprise expectation from Zacks. It may even break upward out of its parallel channel sometime in the next two trading days in anticipation of positive earnings, but at the very least I expect it to stay at the top...
Recent Earnings of $0.20 against the analyst consensuses of $0.43 is a big disappointment. This is a "surprise" whopping 53.3% drop against expectations. Coca Cola is a consumer staples stock and if you like them as much as Warren Buffett, this could be a high probability winning trade with dividend and capital appreciation on the longer term.
Some new bullish signals for Consumer Staples sector: Solid Price action over SMA(20d) and SMA(50d). SMA(20) crossed the SMA(50) the last days of the past week (Golden Cross!). A good strategy to go long is to wait for a correction around the SM(20d).
ATVI The November present might be a few days early this year. Pick a horse and enjoy the week into May of next year. For own use.
Consolidate 2 $48.64;Test ATH 4 Breakout New Rev Bonus; Consumers Volume Same KO - Coca Cola announced at ER that prices of all products were quietly increased. Historically, consumer spending on their products does not decrease with product price fluctuation Positive Long Term Fundamental Catalyst for Potential Increase in Revenues Consumer's Play...
Newell Brands, a high-profile consumer products brand owner, is up just above 786fibretracement on breakout volume. About: Newell Brands Inc. is a marketer of consumer and commercial products. The Company's segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process...