ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Popeyes Louisiana Kitchen, Inc. (PLKI) is one expensive stock, especially for a (fried chicken) restaurant: trailing P/E of 36.2, forward P/E of 28.9, price/sales of 5.5, and price/book of 187.4. PLKI most recently reported 4.7% year-over-year revenue growth and -1.9% earnings growth. (Data from Yahoo Finance). According to briefing.com, year-over-year revenue growth has stagnated in … Read more
AT40 Status: 58.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.5% of stocks are trading above their respective 200DMAs VIX Status: 10.9 (volatility index) Short-term Trading Call: neutral Commentary “We’re way ahead of schedule, I believe. And we’ll be announcing something, I believe, in the next two or three … Read more
AT40 Status: 53.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 66.8% of stocks are trading above their respective 200DMAs VIX Status: 11.5 (volatility index) Short-term Trading Call: neutral Commentary As is so typical of this go-stop-stop stock market, this week started without immediate follow-through to a fresh all-time high … Read more
AT40 Status: 60.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.4% of stocks are trading above their respective 200DMAs VIX Status: 11.0 (volatility index) Short-term Trading Call: neutral Commentary Nothing says “strong sentiment” like a stock market that actually rallies on a strong U.S. jobs report: the fear of … Read more
I have long been a fan of Century Communities (CCS) and regional home builders in general. When I took profits in April of 2016 on my accumulated CCS position, I timed the sale to coincide with the end of the seasonally strong period for home builders. CCS was also struggling to break through resistance at … Read more