Tag: Stock

Stock market is at the start of a selloff, says veteran trader Larry Williams



Larry R. Williams wearing glasses and smiling at the camera: Larry Williams


Larry Williams

Attention, investors: Spooky times are on the way for the stock market.

You should trust your instincts if you’re nervous because of the wobbly action in the S&P 500 Index (SPX) Nasdaq (COMP) and the Dow Jones Industrial Average (DJIA) since these indices got slammed in early September.

Starting right about now, the stock market will see a significant and sustained selloff through about Oct. 10. Don’t look to gold as a hedge. It’s riding for a fall, too, despite the widespread misbelief that it protects you against losses in weak stock markets.

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The bottom line: Ghosts and goblins come out in the market in the runup to Halloween, and we can expect the same this year.

That’s the view of trader Larry Williams, who offers weekly market insights at his website, I Really Trade. Why should you listen to Williams?

I’ve watched Williams accurately call

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Why this Cheap Tech Stock is a Strong Buy Right Now

Shares of eGain EGAN have jumped over 65% in 2020 to easily outpace the larger technology sector’s 20% climb. The customer engagement solutions firm topped our earnings estimate in early September and its outlook appears strong within an economy that becomes more digitally-focused every day.

Digital Age Support…

EGain’s suite of over 20 apps helps its clients provide digital-first customer engagement in an omnichannel world where businesses must be present on as many different platforms as possible, from websites and social media to email and everywhere in between.

Consumers and customers have come to expect prompt answers to questions and real-time solutions wherever and whenever. The Sunnyvale, California-based firm enables its clients, which span from financial services and government entities to retail and hospitality, to meet these needs. On top of virtual assistants, messaging, and more, the company offers various analytics tools.

The customer engagement solutions firm saw its fourth

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Accel Entertainment, Inc. Announces Proposed Public Offering of Class A-1 Common Stock

Accel Entertainment, Inc. (NYSE: ACEL) (the “Company”) announced today that it has commenced an underwritten public offering of 12,000,000 shares of its Class A-1 Common Stock, consisting of 8,000,000 shares offered by the Company and 4,000,000 shares offered by certain selling stockholders of the Company. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 320,237 shares of Class A-1 Common Stock and the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,479,763 shares of Class A-1 Common Stock. Accel will not receive any proceeds from the sale of Class A-1 Common Stock offered by the selling stockholders. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

Accel intends to use the net proceeds it receives from the offering for

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New Relic: Stock Is Cheap, But Growth Rates Leave Much To Be Desired (NYSE:NEWR)

Investment Thesis

New Relic (NEWR) trades for 5x forward sales.

On the surface, New Relic appears to be very cheaply valued. However, the further we dig, the more challenging it becomes to find this investment attractive.

New Relic was historically growing very fast, into a rapidly expanding market. However, right now, even though the market continues to expand, New Relic is being left behind, with its unattractive dollar-based new expansion rate.

It will be difficult to attract new shareholder holders to this stock. Here’s why:

Compelling Business Prospects

New Relic is an Application Performance Monitoring (”APM”). It allows customers to collect and analyze vast quantities of data flowing through and about their software.

New Relic is well-positioned to benefit from companies’ ongoing secular shift on their digital journeys.

As companies are forced to digitalize and adopt cloud technologies in order to remain nimble, New Relic supports these customers by maintaining

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Stock market crash: with prices weakening, I’d buy cheap shares like these

Scary Covid-19 case numbers around the world are causing the markets to weaken again. But my guess is we won’t see another sudden stock market crash as we saw in the spring.

However, weakening share prices now could be our chance to have a second bite of the cherry and buy quality stocks at better prices.

Recovery following the stock market crash

On Thursday, the Bank of England (BoE) slipped out a useful report aimed at gauging the state of the economy and how UK businesses are faring. The central bank’s report is the latest in a regular series based on consultation with its 12 regional agents. And the conclusions follow discussions with around 700 businesses across the UK.

Thursday’s publication summarises intelligence gathered between early August and early September. As we might expect, businesses from many sectors reported something of a recovery in trading from the lockdown lows but

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Stock futures are flat as Wall Street tries to recover from 3-week losing streak

People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020.

Tayfun Coskun | Anadolu Agency | Getty Images

U.S. stock futures were little changed on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year.

Dow Jones Industrial Average futures traded 17 points lower, or 0.1%. S&P 500 futures hovered below the flatline and Nasdaq 100 futures climbed 0.2%.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fell for a third straight week. That marks the market’s longest weekly slide since 2019.

Those declines came as tech shares — which led the broader market off its coronavirus lows and into record territory — struggled. Facebook, Amazon, Apple, Netflix, Google-parent Alphabet and Microsoft all posted steep weekly losses. The S&P 500 tech sector pulled back by 1%.

Tech

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Why stock market crash 2 could be a once-in-a-lifetime chance to buy cheap shares

The stock market crash in the spring took many people unawares. The coronavirus pandemic seemed to arrive suddenly and the markets went from being uninterested to terrified in short order!

However, if there is to be a second crash in the stock market because of the pandemic, it probably won’t be as sudden. We know about the virus now. And in the UK, we are starting to get familiar with local restrictions and mini-lockdowns every time the virus bubbles up.

A second stock market crash could be different

Of course, the virus could gain traction and begin to affect the world economy again. We’ll probably see it coming, and my guess is the stock market will grind lower day after day. I reckon stock market crash number two will probably be like watching a train crash in slow motion.

But it could end up being a once-in-a-lifetime chance to buy

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It’s Probably Time to Start Taking Profits on DraftKings Stock

DraftKings (NASDAQ:DKNG) has been on fire over the past month, with DraftKings stock rising more than 50% during that stretch thanks to a wave of favorable business developments, the most noteworthy of which is an exclusive Daily Fantasy Sports partnership with ESPN.

DraftKings (DKNG) logo on a phone
DraftKings (DKNG) logo on a phone

Source: Lori Butcher / Shutterstock.com

Before this huge breakout in DraftKings stock, I said that the stock was a screaming buy, because of the company’s long-term upside potential in online sports betting, iGaming and Daily Fantasy Sports.

Visibility to DraftKings realizing that long-term upside potential has increased dramatically over the past month. But so has the DKNG stock price.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

And so, it is with some sadness that I say it may be time to do some profit-taking on DraftKings stock. The stock is fundamentally and technically overextended here, and due

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3 reasons why I’d buy cheap stocks today before the next stock market crash

Buying cheap stocks today may not be an appealing idea to many investors. After all, the prospects for the global economy continue to be very uncertain. And some companies may struggle to adapt to changing consumer tastes in a post-coronavirus world.



a close up of a glass building: A stock price graph showing declines, possibly in FTSE 100


© Provided by The Motley Fool
A stock price graph showing declines, possibly in FTSE 100

However, low valuations within some sectors mean that now could be the right time to buy a diverse range of shares. They could outperform other mainstream assets and help you to generate impressive returns.

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Cheap stocks that account for future risks

Some cheap stocks are priced at low levels for good reason. But others appear to be suffering from weak investor sentiment towards their wider industry and stock market. For example, some companies have solid balance sheets, strong cash flow and strategies that could produce improving financial performances in the coming

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3 reasons why I’d buy cheap stocks today before the next stock market crash

Buying cheap stocks today may not be an appealing idea to many investors. After all, the prospects for the global economy continue to be very uncertain. And some companies may struggle to adapt to changing consumer tastes in a post-coronavirus world.

However, low valuations within some sectors mean that now could be the right time to buy a diverse range of shares. They could outperform other mainstream assets and help you to generate impressive returns.

Cheap stocks that account for future risks

Some cheap stocks are priced at low levels for good reason. But others appear to be suffering from weak investor sentiment towards their wider industry and stock market. For example, some companies have solid balance sheets, strong cash flow and strategies that could produce improving financial performances in the coming years. Yet they have valuations that, in some cases, were last seen during the global financial crisis.

Furthermore,

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