ShotSpotter Gets Back to Business With Solid Earnings Results

Gun-fire detection company ShotSpotter (SSTI) is lagging the recovery in the general stock market. Even with a 28.3% post-earnings surge on Friday, the stock still trades below its April high. Yet, those earnings suggest that ShotSpotter is on track and successfully navigating its business through the COVID-19 pandemic. Earnings Results ShotSpotter has a lumpy business … Read more

Stock Market Hits Overbought with A Bullish Divergence – Above the 40 (August 7, 2020)

Stock Market Statistics AT40 = 72.2% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 42.3% of stocks are trading above their respective 200DMAs VIX = 22.2Short-term Trading Call: cautiously bullish Stock Market Commentary The last overbought period ended in June. The volatility index (VIX) did not drop much … Read more

Housing Divergence: Full Recoveries, Uneven Earnings, Lagging Consumers – Housing Market Review (July, 2020)

Housing Market Intro and Summary The housing downturn ended almost as quickly as it began. V-shaped recoveries are evident across a spectrum of data, especially in home builder sentiment and new home sales. Home builders continue to describe extremely strong demand that, in many cases, goes beyond the release of buying power pent-up by the … Read more

Hibbett Sports: Stock Follows Through With Soaring Sales Results

Some sporting goods retailers have to survive the coronavirus pandemic. Hibbett Sports (HIBB) looks like one of them. Soaring Sales Results Hibbett Sports provided early sales guidance for its fiscal second quarter that delivered surprisingly strong results (all comparables are year-over-year unless otherwise stated): Total store sales for the quarter: over +70%; for the first … Read more

Nutanix: A Stock and Company Ready for a Takeover

The weekly chart for Nutanix (NTNX) shows an on-going downtrend since the June, 2018 all-time high.

Nutanix (NTNX) is an IT infrastructure company that helps its customers “modernize their datacenters and run applications at any scale, on-prem and in the cloud.” The stock peaked in June, 2018 after a 13-month, 310% run-up from an all-time low. The March, 2020 stock market crash briefly took NTNX to a new all-time low. Even … Read more

LGI Homes: Stock All-Time Highs As Business Races Past COVID-19 Woes

LGI Homes (LGIH) gained 3.2% and closed just short of the all-time high it hit 2 days prior.

Look no further than LGI Homes (LGIH) as a confirmation that at least some parts of the country are back to business after a temporary pause from COVID-19 (coronavirus) economic woes. Last week, LGI Homes reported more astounding sales results. From the press release: June home closings: +16.7% year-over-year Q2 home closings: +3.1% year-over-year, the … Read more

Taylor Morrison: Stock Breaks Out On Strong COVID-19 Recovery

Taylor Morrison Home Corporation (TMHC) Taylor Morrison Home Corporation (TMHC) is once again doing its best to prove wrong my skepticism over its acquisition of William Lyons Homes. On July 8th, the company recorded strong sales performance as the housing market continues its swift recovery from the temporary economic shutdown forced by the COVID-19 (coronavirus) … Read more

A Two-Speed Stock Market Remains on Edge – Above the 40 (July 2, 2020)

Stock Market Statistics AT40 = 53.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 25.6% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market the previous week looked strong enough to eventually take trading conditions … Read more

Why Lennar and Other Home Builder Stocks Failed to Rally On Good News

The Message in Home Builder Sentiment The National Association of Home Builders (NAHB) reported a tremendous surge in the sentiment of home builders. The Housing Market Index (HMI) soared from 37 in May to 58 in June. Just two months after suffering a historic plunge, sentiment among home builders is right back to positive territory. … Read more