Tuesday, May 5, 2015

Yamana Gold Inc. (TSX:YRI)(NYSE:AUY): Is Yamana Gold Inc. the Top Stock Under $5 to Buy Today?

Yamana Gold Inc. (TSX:YRI)(NYSE:AUY), one of world’s largest producers of gold, announced first-quarter earnings results after the market closed on April 28, and its stock has responded by falling about 5% in the trading sessions since. Let’s break down the quarterly results to determine if we should consider using this weakness as a long-term buying opportunity, or as a warning sign.
A quarter of mixed growth
Here’s a breakdown of Yamana’s fourth-quarter earnings results compared with its results in the same quarter a year ago. All figures are in U.S. dollars.  (more)

Please share this article

Best Biotech Stocks to Buy Now : Biogen Inc. (Nasdaq: BIIB)

The biotech market sold off last week, with the Nasdaq Biotechnology Index dropping 4.5% since April 23. That means some of the best biotech stocks have dipped as well.
Now, investors are wondering if they should take their money to the sideline. But Money Morning's Bioscience Investing Specialist Ernie Tremblay says this type of move is normal for the biotech market.
"The sell-off we're seeing now seems to happen every year at about this time, like clockwork," Tremblay said on March 27. "There are always things going on in the news that seem to explain the drop, but the meta-picture is simply this: The market breathes in, and the market breathes out."  (more)

Please share this article

Crude Bulls Running Out of Steam

Crude bulls posted a new yearly high on Friday as WTI rocketed higher the previous 2 sessions after Wednesday’s more bullish than expected DOE inventory release.  More bullish?? Or less bearish might be more like it.  Since making multi-year lows on March 18, WTI crude has seen a healthy 42% rebound.  Brent crude has rallied nearly 49% since putting in the low for the year on January 13.  And we all know gasoline prices have been going up at the pump. (more)

 Please share this article

These Stocks Could Double From Here... or Fall in Half

 Chinese stocks ripped higher again this week...
And True Wealth subscribers are making even larger profits. Editor Steve Sjuggerud has been bullish on China since September.
For a good summary of his bullish thesis, you can read this DailyWealth essay. In short, China was cheap and the government was easing to boost the stock market and encouraging individuals to participate.
 The Shanghai Stock Exchange hit a fresh seven-year high earlier this week on speculation that the Chinese government would begin consolidating its state-owned enterprises – like oil giants PetroChina and China Petroleum & Chemical Corp ("Sinopec"), whose shares both rose 10%. (The Shanghai Stock Exchange limits stocks from rising or falling more than 10% in a single session.)  (more)

Please share this article

Guess?, Inc. (NYSE: GES)

Guess?, Inc. designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories for men, women, and children that reflect the American lifestyle and European fashion sensibilities. It operates through North American Retail, Europe, Asia, North American Wholesale, and Licensing segments. The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel. It also grants licenses to manufacture and distribute various products that complement its apparel lines, such as eyewear, watches, handbags, footwear, kid's and infant's apparel, outerwear, swimwear, fragrance, jewelry, and other fashion accessories. The company markets its products under the brands of GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO.

Take a look at the 1-year chart of Guess (NYSE: GES) below with my added notations:
GES has formed a clear level of support at $18 (green), which was also a previous resistance and support in the past. In addition, the stock has been declining against a down trending resistance level (red) over the last five months. These two levels combined have GES stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those levels.

The Tale of the Tape: GES has a down trending resistance and a $18 support level to watch. A long trade could be made on a breakout through the resistance or on a pullback to $18. A break below the $18 support would be an opportunity to enter a short trade.
Please share this article