|
|
|
|
|
|
|
Request your FREE Special Report today and you'll |
Jason Cimpl
ChartWatch: Energy Stocks Should Stabilize
A quick look at the chart below reveals that XLE is less than 2% above a strong support zone (blue line in chart) near $63 that proved to be sturdy in August, September, November and December.
Chipotle Stock Not Looking Too Tasty
Chipotle needs to take out $406.90 this week to have any chance of rallying higher in June.
Forget Facebook
Much like FB, the current price of GRPN is below its IPO filing price. While Facebook could decline further, Groupon shares may have bottomed near $10 two weeks ago.
Time to Buy Apple
Now may be a golden opportunity to buy Apple (Nasdaq: AAPL) at a huge discount. The shares trade 10% below their first quarter earnings pop.
Regulate the Regulators … Now
Bankers from J.P. Morgan (NYSE: JPM) were able to skirt trading regulations. The result was a $3 billion blunder.
ChartWatch: LinkedIn Is Better Than Facebook
And while Facebook’s IPO will receive the bulk of media attention today, networking cousin LinkedIn (Nasdaq: LNKD) shares could be more profitable over the next few months.
Berkshire Boosts GM Stake
GM shares could really use the help. The stock has fallen from $27.50 to $21.50 during the past 50 days.
ConocoPhillips Looking Bullish
There could be a change of trend on the way for integrated oil, too. If that’s the case, shares of ConocoPhillips (NYSE: COP) could be ready to bounce.
Caterpillar (CAT) Stock Ready to Turn
There could be a change of trend on the way for agriculture stocks. If so, shares of Mosaic (NYSE: MOS), Monsanto (NYSE: MON) and Caterpillar (NYSE: CAT) should rally.
Profit as Greece Defaults
Greek debt is too high and the population will be unable to bring it down. The likely outcome is a departure from the EU, which will remove Greece from the euro system and bring about the formation of a currency that will likely be 50% lower than current levels.












