KeyCorp stock flushed today forming a bullish hammer, inside a Bullish Flag pattern. KeyCorp had its Buy rating reaffirmed by Keefe, Bruyette & Woods. Keefe has a price target of $21 on the stock which represents 13% upside from the previous close of $18.58.
Continue reading “KeyCorp Stock Bullish Flag Flush On Analyst Buy Rating”
Abbott Laboratories stock is rising fast after reporting earnings. Four analysts reaffirmed or upgraded the stock to a Buy or Outperform rating after Abbott Laboratories earnings report beat on both earnings and revenue.
The company reported earnings of $0.66 versus the $0.65 estimate. Revenue also beat coming in at $6.83 billion versus the $6.72 billion estimate. Abbott Laboratories had a net margin of 4.96% and a return on equity of 14.43%. Abbott Laboratories’s revenue for the quarter was up 28.8% on a year-over-year basis.
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Ingredion stock price could move over the next 12 weeks if its seasonal pattern holds. Over the next 12 weeks, Ingredion stock price has on average risen by 12% based on the past 19 years of stock performance. Ingredion has risen higher in 17 of those 19 years over the next 12 week period, corresponding to a probability of 89%.
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JP Morgan reaffirmed their Buy rating on Live Nation Entertainment today. JP Morgan is one of the best analyst firms on Wall Street as evidenced by their often accurate stock ratings. All traders should take note of JP Morgan’s ratings on various stocks. I’m not a high enough net-worth individual and so I don’t have access to the actual JP Morgan research report but it’s not hard to guess what they like about Live Nation Entertainment.
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Goldman Sachs beat on earnings and revenue. Goldman reported $5.02 earnings per share for the quarter, beating the estimate of $4.17. Revenue also beat coming in at $8.33 billion during the quarter versus the $7.59 billion estimate.
For the first time ever, Goldman Sachs disclosed its buyback target. Chief Financial Officer R. Martin Chavez said that Goldman Sachs Group expects to spend $8.7 billion repurchasing shares from investors.
Continue reading “Goldman Sachs Beats, Plans to Repurchase $8.7 Bln Worth of Stock”
Huntington Ingalls stock is running higher on what is one of the best seasonal plays of the year. Over the next 13 weeks, Huntington Ingalls Industries Inc. has on average historically risen by 18.3% based on the past 6 years of stock performance. Huntington Ingalls stock has risen higher in 6 of those 6 years over the next 13 week period, corresponding to a historical probability of 100%.
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Delta Air Lines reported Q3 earnings of $1.57 versus the $1.53 estimate. Revenue also beat coming in at $11.06 billion versus the $11.03 billion estimate.
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Lloyds Banking Group chart shows a pocket pivot cluster right before today’s Credit Suisse upgrade of the stock to Outperform.
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Heavy call buying was detected in Delta Air Lines stock on Friday, October 6, 2017. Investors bought 24,677 call options on the stock which is an increase of more than 212% over the average call volume of 7,859.
Continue reading “Delta Air Lines Stock Has Heavy Call Buying On Seasonal Long Play”