The word capitulation has seen its popularity rise lately and for good reason. Investor’s anxiousness with the recent market sell-off has skyrocketed, raising the 1 million dollar question: Have we reached a stage of capitulation? Read more
Akamai is one of largest content delivery networks, which use specialised servers to distribute data to Internet users quickly. The networks are considered a key part of the infrastructure needed to build online video services for providers. Read more
Do not get excited. Yesterday’s initial market rally fizzled, as sellers were able to push back prices and the market finished very close to their opening levels. Even worse, this is the third day in a row that the US Equity Market closed below resistance level (neckline) and the second consecutive day in which it closed below the 200-day moving average (DMA). Read more
Dick Costolo (COS-tow-low as per the company website), Twitter’s embattled CEO has quit. The street applauded this mainly because Wall Street was looking at Twitter’s relatively slow growth and in typical fashion, blamed the CEO for not matching Facebook’s astronomical growth. Read more
Banks have had a bit of a roller coaster ride over the past one and a half years, prompting some investors to remain on the sidelines. Read more
It appears that Netflix is in discussions with Jack Ma’s Wasu Media to enter the Chinese market. This market is poised to triple to around 90B yuan in the next three years. Needless to say, this will immensely enhance Netflix’s footprint and boost business dramatically. Read more
Oil is back and is back strong. After an almost 60% decline in only a few months, oil seems to have stabilized and might have finally found a bottom. This is excellent news for bottom fishers who have been speculating about this event for several months now. Finding a bottom however is not an easy task. Remember we’re not trying to buy at the absolute lowest price as this is impossible. Instead, we want to buy after a bottom reversal pattern has been completed and then hold on as the security moves higher. The following chart shows one of the most common reversal patterns taking shape in the price of oil – the double bottom formation. Read more
Once again, analysts are rushing to change their opinion and rating on Twitter, following its latest quarterly results. Most are slashing targets by 20% or more, with the consensus now being around $44. The stock is under attack and is currently trading below $40. This is good news for investors that have been patiently waiting on the sidelines. Read more
The good days for Utilities and Real Estate Investment Trusts (REITs) in the US markets might have come to an end. In 2014, driven primarily by lower interest rates and investors’ thirst for higher yields, both sectors outperformed the broader market (S&P 500) by more than 15%. Read more
IBM, a traditional IT legacy company, is in the mist of change; the landscape has changed and the company must adapt in order to continue to be successful. Adapting to this new environment the company must shift focus away from consulting, design, and implementation of one-off IT systems and into cloud services. Read more