Thursday, August 1, 2013

Tripadvisor Inc (NASDAQ: TRIP)

Trip Advisor, Inc., an online travel company, provides trip advisory services. The company's travel research platform aggregates reviews and opinions from its community about destinations; accommodations, such as hotels, bed and breakfasts, specialty lodging, and vacation rentals; restaurants; and other activities through its TripAdvisor brand. It operates TripAdvisor-branded Websites, which comprise in the United States; and localized versions of the Website in 30 countries, including China under the brand In addition, it manages and operates Websites under 20 other travel media brands, providing travel planning resources across the travel sector; and engages in licensing its content. Further, TripAdvisor, Inc. operates, a hotel booking site that automatically rebooks hotel rooms at a lower price if the rate drops and automatically refunds the difference to the traveler's credit cards; and, a flash sale Website that provides limited time access to deals on hotels at deep discounts.
To review Trip's stock, please take a look at the 1-year chart of TRIP (Trip Advisor, Inc.) below with my added notations:
1-year chart of TRIP (Trip Advisor, Inc.) After a strong rally from $30 in October, TRIP has formed a solid support at $60 (green) over the last (2) months. In addition, the stock has formed a trendline of resistance (navy) starting in the middle of June. These two levels combined have TRIP sandwiched within a common chart pattern known as a descending triangle. At some point, the stock will have to break through one of those two levels. If TRIP were to break through the resistance, the run could be short lived due to another resistance at $65 (red) standing in its way.
The Tale of the Tape: TRIP has a $65 resistance and a $60 support level to watch. A long trade could be made on a breakout above the resistance or on a pullback to the support. A break below the $60 support would be an opportunity to enter a short trade.
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Lumber Liquidators (NYSE: LL): This 500% Gainer Could be About to Take a Double-Digit Dive

As the housing market showed tentative signs of a recovery in the summer of 2011, many investors assumed that buying shares of homebuilders would lead to considerable profits. These stocks have indeed rallied nicely in the past two years, but have been outpaced by a more stealthy housing play, Lumber Liquidators (NYSE: LL).
In the past 24 months, this stock has risen more than 500%. Trouble is, the stock is now disconnected from the fundamentals, and a sharp reversal may soon be at hand.
LL Stock Chart
Lumber Liquidators sells a wide range of flooring materials through a network of more than 300 stores. Through much of the past decade, when the housing market was still going strong, the company posted solid growth. (more)

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McAlvany Weekly Commentary

There are Three Kinds of Lies

About this week’s show: 
1) Lies (Money printing works)
2) Damned lies (We’re really in a recovery)
3) Statistics (The new/improved GDP!)
Read | Subscribe@iTunes
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Specific Stocks for a Frightening Market

It didn't take long for the questions to start after yesterday's column was published. Many people wanted to know if I am really that concerned about the market. Of course I am. If you are not, then you are not looking deeply enough. The market and the economy have some structural problems that could be disastrous. I hope that disaster never happens, but I intend to be prepared if the cracks expand.

The next question, of course, is exactly which stocks I was buying to get 35% invested in this market. I would be less than fair if I didn't answer that question, so I will highlight the stocks I would buy today with new money.

First, let's understand that this is a new-money portfolio. The fact that a stock I bought last year is not in it does not mean you should sell it. It just means it has moved up enough that I am not putting any new money in the stock. Feel free to email me with questions on any particular stocks I have suggested that are not listed here.  (more)

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Lindsey Williams ~ The Economies of the World will be brought down all in one time with the Derivative Market

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The Boeing Co. (NYSE: BA) is a Buy

I was at work here at the office last Monday night when I heard about the Boeing 737 crash at New York’s LaGuardia Airport.

A nose wheel on the jetliner had apparently given way after a hard touchdown just after 5:30 p.m. (EDT), leading to a crash that injured about eight of the 150 folks on board

“Uh-oh,” I thought to myself. “Here comes another feeding frenzy.”

You’re an exceptionally sharp group of folks, so you know what I’m getting at here.

In the last couple of weeks, we’ve had a fire in one of Boeing’s new 787 Dreamliners while it was parked at a gate at Britain’s Heathrow Airport.  (more)

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