AlphaBetaStock.com https://alphabetastock.com Investment News Fri, 11 Oct 2019 12:31:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 https://alphabetastock.com/wp-content/uploads/2018/05/ABS-favi.png AlphaBetaStock.com https://alphabetastock.com 32 32 Starbucks Stock Consolidates For Possible Earnings Jump (NASDAQ: SBUX) https://alphabetastock.com/2019/10/11/starbucks-stock-consolidates-sbux-nasdaq/ https://alphabetastock.com/2019/10/11/starbucks-stock-consolidates-sbux-nasdaq/#respond Fri, 11 Oct 2019 12:31:43 +0000 https://alphabetastock.com/?p=279738 In shares of Starbucks, there is a correctional strengthening from a three-month low of October 2. The decline of the emitter’s quotes from the July 52-week high was more than 13.5%. The company announced the publication of financial results for Q3 on October 31. The Wall Street expects another strong report, with earnings per share growth by 13% (YoY) to USD 0.70 and revenue growth by 5% (YoY) to USD 6.63 billion.

SBUX Starbucks Chart
SBUX Starbucks Chart

During the previous week, Starbucks’ shares grew by 1.52%. S&P500 went up by 0.96% within the same period.

Support and resistance

The emitter continues to show negative dynamics. #SBUX quotes updated local minima. At the moment, the company’s shares are consolidating. The key trading range is 84.00–88.00. The instrument has the potential to further correction.

Indicators don’t give a clear signal: MA (50) began to cross MA (200); MACD histogram started to grow. Positions are to be opened from key levels.

Comparing the company’s multiplier with its competitors in the industry, we can say that #SBUX shares are neutral.

Support levels: 84.00, 79.50, 76.00.

Resistance levels: 88.00, 93.00, 97.50.

Starbucks SBUX Trading tips

If the price consolidates below the support level of 84.00, #SBUX shares may continue to correct. Potential profits should be locked in by orders at 81.00, 78.00, and 76.00. Stop loss – 87.00.

If the price consolidates above 88.00, one may consider buying #SBUX. The moving potential is aimed at the area of 93.00–96.00. Stop loss – 85.00.

Implementation period: 3 days.

Starbucks SBUX Technical Indicators 1HR

Moving Averages
Name Value Action
Exponential Moving Average (5) 85.84 Buy
Simple Moving Average (5) 85.80 Buy
Exponential Moving Average (10) 85.80 Buy
Simple Moving Average (10) 85.83 Buy
Exponential Moving Average (20) 85.75 Buy
Simple Moving Average (20) 85.71 Buy
Exponential Moving Average (30) 85.77 Buy
Simple Moving Average (30) 85.74 Buy
Exponential Moving Average (50) 86.07 Sell
Simple Moving Average (50) 85.42 Buy
Exponential Moving Average (100) 87.27 Sell
Simple Moving Average (100) 87.39 Sell
Exponential Moving Average (200) 89.19 Sell
Simple Moving Average (200) 90.10 Sell
Ichimoku Cloud Base Line (9, 26, 52, 26) 85.51 Neutral
Volume Weighted Moving Average (20) 85.65 Buy
Hull Moving Average (9) 85.79 Buy
Oscillators
Name Value Action
Relative Strength Index (14) 53.64 Neutral
Stochastic %K (14, 3, 3) 71.48 Neutral
Commodity Channel Index (20) 79.53 Neutral
Average Directional Index (14) 24.61 Neutral
Awesome Oscillator 0.07 Buy
Momentum (10) −0.05 Buy
MACD Level (12, 26) 0.03 Buy
Stochastic RSI Fast (3, 3, 14, 14) 78.00 Neutral
Williams Percent Range (14) −22.47 Neutral
Bull Bear Power 0.29 Neutral
Ultimate Oscillator (7, 14, 28) 52.70 Neutral

Starbucks Company Info

Starbucks Corporation, together with its subsidiaries, operates as a toaster, marketer and retailer of specialty coffees worldwide. The company operates in four segments: America; China / Asia Pacific; Europe, the Middle East and Africa; and channel development. Its stores offer coffee and tea drinks, roasted whole grains and ground coffee, single-serving and ready-to-drink drinks, iced tea and food and snacks; and various food products, such as cakes, breakfast sandwiches and lunch items. The company also licenses its registered trademarks through licensed stores and supermarket accounts and food services. It offers its products under the brands Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Frappuccino, Starbucks Reserve, Princi, Starbucks Doubleshot, Starbucks Refreshers and Starbucks VIA. As of April 25, 2019, the company operated approximately 30,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.

Starbucks SBUX Stock Recommendations

Jul-29-19 Initiated Goldman Buy $110
Jul-29-19 Downgrade Robert W. Baird Outperform → Neutral $98
Jul-29-19 Downgrade JP Morgan Overweight → Neutral $91
Jul-26-19 Reiterated Telsey Advisory Group Market Perform $80 → $90
Jun-25-19 Initiated Credit Suisse Outperform $92
Jun-12-19 Initiated Evercore ISI In-line
May-06-19 Reiterated Telsey Advisory Group Market Perform $70 → $80
Apr-26-19 Downgrade Wells Fargo Outperform → Market Perform $83 → $80
Apr-08-19 Downgrade UBS Buy → Neutral $72 → $78
Jan-25-19 Reiterated Oppenheimer Outperform $70 → $72
Jan-11-19 Downgrade Goldman Buy → Neutral
Dec-03-18 Reiterated Telsey Advisory Group Market Perform $66 → $70
Nov-12-18 Upgrade Argus Hold → Buy
Nov-05-18 Upgrade Mizuho Neutral → Buy
Nov-02-18 Reiterated BofA/Merrill Buy $64 → $68
Oct-29-18 Reiterated Telsey Advisory Group Outperform $58 → $62
Oct-04-18 Initiated KeyBanc Capital Mkts Overweight
Aug-22-18 Downgrade Piper Jaffray Overweight → Neutral
Jul-17-18 Reiterated Telsey Advisory Group Market Perform $60 → $58
Jun-20-18 Reiterated Stifel Hold $58 → $55

 

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Oil and Stock Markets Jump 200 Points Up Today On China Trade Talks https://alphabetastock.com/2019/10/10/oil-stock-markets-jump-200-points-today-china-trade-talks/ https://alphabetastock.com/2019/10/10/oil-stock-markets-jump-200-points-today-china-trade-talks/#respond Thu, 10 Oct 2019 16:46:12 +0000 https://alphabetastock.com/?p=279735

Oil prices and the US Stock Market jump up today based on President Trump saying he is planning on meeting with Chinese Vice Premier Liu He on Friday.  Yesterday quotes corrected down amid the EIA report, according to which US oil inventories rose for the fourth consecutive week, this time by 2.927 million to 425.569 million barrels. The production volume in the USA also increased, by 200K, to 12.6 million barrels per day. Today’s growth is supported by investors’ hopes for a limited trade agreement between the US and China.

stock market morning report

The US currency today is weakening against the pound and the euro but is strengthening against the Japanese yen.

The dollar is pressured by the publication of the minutes of the last Fed meeting. Some FOMC members have expressed concern that markets expect a greater reduction in rates than the regulator intends to commit. According to officials, it may be necessary to coordinate the positions of the Fed and market participants. This may indicate the readiness of the FOMC to further reduce rates. An additional weakening of USD is facilitated by data on the US inflation for September. The consumer price index remained the same (1.7%) instead of the expected growth YoY, and slowed down from 0.1% to 0.0% MoM. The core CPI remained at 2.4% YoY, and slowed down from 0.3% to 0.1% MoM.

Today, the market is waiting for the results of the next round of the US-China trade negotiations. Opinions about their outcome are contradictory. Some observers believe that Washington may make a partial deal with Beijing by exchanging a delay or canceling the introduction of new tariffs for China to additional purchases of US agricultural products. On the other hand, the Chinese media reports about Deputy Prime Minister Liu He leaving the US ahead of schedule and fly to China today make some investors doubt the success of the negotiations.

Eurozone

The euro is strengthening today against its main competitors – the pound, the yen, and the US dollar.

The euro is strengthening amid the publication of the Fed’s protocols, which allow investors to hope for a continued reduction in rates, and market expectations for a partial trade agreement between the PRC and the USA. Meanwhile, the August data on German trade released today were weak. Imports increased by 0.5%, but exports fell by 1.8% against the forecast of 1.0%, and the surplus of the trade balance decreased by EUR 18.1 billion. The largest decline in supplies (by 4.8%) occurred outside the EU countries, including China. Most likely, the German GDP slowdown will continue, which will negatively affect the European economy in general.

United Kingdom

Today, the pound is weakening against the euro but is strengthening against the yen and the US dollar.

Investors are focused on the publication of GDP data and the situation around Brexit. GDP showed positive dynamics, exceeding market expectations. YoY, it grew to 1.1% instead of the expected 0.9%, and MoM – to 0.3% (with a forecast of 0.1%). Negotiations are ongoing for a new Brexit deal. Today, British Prime Minister Boris Johnson is discussing it with his Irish counterpart Leo Varadkar. Johnson said he remains moderately optimistic about the deal.

Japan

The Japanese yen is weakening today against its main competitors – the euro, the pound, and the US dollar.

The yen is losing ground amid weak data on orders for machinery and equipment. In August, the volume of orders decreased by 14.5%, which is the lowest indicator in the last five years. These numbers confirm growing caution for Japanese companies regarding further investments.

Australia

AUD today is generally strengthening to the main competitors – the US dollar, the euro, the yen, and the pound.

In the absence of significant releases, the movement of the Australian currency is technical. Today, the market is waiting for the results of the next round of the US-China trade negotiations. Their failure can put serious pressure on the position of all commodity currencies, including the Australian dollar.

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Netflix Stock Continues to Drop (NASDAQ: NFLX) https://alphabetastock.com/2019/10/10/netflix-stock-continues-to-drop-nasdaq-nflx/ https://alphabetastock.com/2019/10/10/netflix-stock-continues-to-drop-nasdaq-nflx/#respond Thu, 10 Oct 2019 12:23:55 +0000 https://alphabetastock.com/?p=279732 Netflix shares are strengthening from a 9-month low of September 24, adding more than 5% in value. For the last three months, the emitter’s quotes decreased by 30%. On October 16, after the market closes, the company will report for Q3 2019. The Wall Street expects another strong report, with earnings per share growth by 18% (YoY) to USD 1.05 and revenue growth by 31% (YoY) to USD 5.25 billion.

nflx netflix chart

Over the past week, Netflix shares showed a 0.19% decrease in value. S&P500 went up by 1.09% within the same period.

Support and resistance

The emitter stabilized after a prolonged fall. At the moment, the company’s shares are consolidating. Shares of #NFLX are testing local levels of support and resistance at 253.00 and 275.00, respectively. A technical correction is possible in the near future.

Indicators show opposing signals: the price has consolidated below MA(50) and MA(200), and MACD histogram started to grow. Positions are to be opened from key levels.

Comparing the company’s multiplier with its competitors in the industry, we can say that Netflix shares are overvalued.

Support levels: 253.00, 234.00.

Resistance levels: 275.00, 284.00, 300.00.

Trading tips

If the price consolidates above the resistance level of 275.00, one should expect #NFLX shares to correct. Potential profits should be locked in by orders at 290.00, 300.00, and 315.00. Stop loss – 260.00.

If the price consolidates below the level of 253.00, one may consider selling the company’s stock. The target movement level will be 230.00–215.00. Stop loss – 270.00.

Implementation period: 3 days.

Netflix, Inc. is an online entertainment services. The company operates in three segments: local broadcasting, international streaming and local DVDs. It offers television series, documentaries and feature films across various genres and languages. The company offers members the ability to receive streaming content through a range of Internet-connected screens, including televisions, digital video players, TV receivers and mobile devices. It also provides DVD membership services. The company has approximately 139 million paid members in 190 countries. Netflix, Inc. was founded In 1997 based in Los Gatos, California.

Oct-09-19 Reiterated Rosenblatt Neutral $330 → $265
Oct-09-19 Reiterated Monness Crespi & Hardt Buy $440 → $340
Oct-08-19 Reiterated Aegis Capital Hold $310 → $275
Oct-07-19 Reiterated Evercore ISI In-line $380 → $300
Sep-24-19 Reiterated Pivotal Research Group Buy $515 → $350
Sep-24-19 Initiated Wells Fargo Market Perform $288
Aug-29-19 Reiterated Imperial Capital Outperform $458 → $451
Jul-18-19 Reiterated Pivotal Research Group Buy $500 → $515
Jul-10-19 Reiterated Rosenblatt Neutral $350 → $370
Jul-10-19 Reiterated Evercore ISI Outperform $350 → $380
Jun-20-19 Initiated Wolfe Research Outperform $442
Jun-17-19 Reiterated Piper Jaffray Overweight $440
Jun-04-19 Upgrade Loop Capital Hold → Buy
Apr-26-19 Reiterated Imperial Capital Outperform $463 → $458
Apr-16-19 Upgrade Deutsche Bank Hold → Buy $360 → $400
Apr-02-19 Initiated Rosenblatt Neutral $350
Mar-08-19 Downgrade Buckingham Research Buy → Neutral $382
Jan-22-19 Reiterated Imperial Capital Outperform $459 → $463
Jan-18-19 Reiterated UBS Buy $410 → $420
Jan-18-19 Reiterated Stifel Buy $380 → $400
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Ebay Stock Dropped 7.5% Since Mid September https://alphabetastock.com/2019/10/09/ebay-stock-dropped-7-5-since-mid-september/ https://alphabetastock.com/2019/10/09/ebay-stock-dropped-7-5-since-mid-september/#respond Wed, 09 Oct 2019 11:03:11 +0000 https://alphabetastock.com/?p=279728 Yesterday, eBay shares consolidated at the 4-month low, having dropped by more than 7.5% since mid-September. The instrument is under pressure of the news about the change of the CEO of the company amid pressure from activist investors with a vision of a new strategic development plan for eBay. Since the July 52-week high, quotes have fallen by 10%.

ebay
ebay

Over the past week, eBay shares have declined by 3.17%. Over the same period, the S&P 500 weakened by 1.61%.

Support and resistance

The issuer started to decline after a long consolidation. The quotes renewed the local lows. Currently, the company’s shares are consolidating within the range of 37.20–38.40. The technical picture signals a further correction of the trading instrument. Indicators indicate the strength of sellers: the price has fixed below MA (200); MACD is in the negative zone and continues to decline. It is better to open the positions from the key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates that the instrument is underpriced.

Resistance levels: 38.40, 39.35, 40.65.

Support levels: 37.20, 35.50, 34.40.

Trading tips

Short positions can be opened after the price consolidates below the level of 37.20. The closing of the profitable positions is possible at the levels of 36.20, 35.00 and 34.50. Stop loss – 38.20.

Long positions can be opened after the price consolidates above the level of 38.40 with the targets at 40.00–41.00. Stop loss – 37.40.

Implementation period: 3 days.

EBay Inc. operates commercial platforms that connect different buyers and sellers around the world. Marketplace platforms include the company’s online marketplace at ebay.com and the eBay program of mobile apps; and StubHub’s platforms include its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows and artists, and enable them to buy and sell tickets. Classifieds platforms include a collection of brands, such as mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others, who offer online rankings to enable people to find what they are looking for in their communities. local. The company’s platforms enable users to list, purchase, sell and pay for items through online, mobile and offline channels including retailers, distributors, liquidators, import and export companies, auctioneers, cataloging and postal companies. , ranked companies, scientists, search engines, commercial participants, shopping routes, and networks. EBay Inc. was founded. in 1995 and its headquarters is in San Jose, California.

Sep-27-19 Downgrade Wells Fargo Outperform → Market Perform
Sep-04-19 Downgrade UBS Buy → Neutral $42
Jul-18-19 Reiterated Aegis Capital Buy $43 → $45
Apr-24-19 Reiterated The Benchmark Company Buy $42 → $45
Jan-30-19 Reiterated The Benchmark Company Buy $41 → $42
Jan-30-19 Reiterated Susquehanna Positive $33 → $43
Jan-30-19 Reiterated Raymond James Outperform $35 → $39
Jan-30-19 Reiterated Citigroup Buy $42 → $41
Jan-23-19 Reiterated BofA/Merrill Neutral $34 → $38
Jan-04-19 Downgrade Goldman Buy → Neutral
Jan-02-19 Reiterated Aegis Capital Buy $44 → $40
Dec-12-18 Downgrade Morgan Stanley Overweight → Equal-Weight
Oct-31-18 Reiterated UBS Buy $44 → $42
Oct-31-18 Reiterated The Benchmark Company Buy $50 → $41
Oct-31-18 Reiterated RBC Capital Mkts Sector Perform $34 → $31
Oct-31-18 Reiterated Raymond James Outperform $34 → $35
Oct-31-18 Reiterated Piper Jaffray Neutral $40 → $32
Oct-31-18 Reiterated KeyBanc Capital Mkts Overweight $50 → $43
Oct-31-18 Reiterated Citigroup Buy $40 → $43
Oct-31-18 Reiterated BofA/Merrill Neutral $33 → $34
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GPB Capital Investors Get More Bad News https://alphabetastock.com/2019/10/08/gpb-capital-investors-news/ https://alphabetastock.com/2019/10/08/gpb-capital-investors-news/#respond Tue, 08 Oct 2019 18:47:19 +0000 https://alphabetastock.com/?p=279720 More bad news for GPB Capital Holding investors.  News sources are reporting that some of the GPB Capital’s share prices have been reduced by over 74%.  This is after a series of negative news reports, investigations from state agencies and a raid by the FBI.

gpb capital news

GPB Capital investors have filed several lawsuits to recover losses.  One of the common claims is that the investment was not suitable for retail investors and was supposed to be marketed to only “accredited investors.”  In addition, it appears some financial advisors sold the GPB Capital Funds as a “conservative” income investment.

Haselkorn & Thibaut, a national investment fraud law firm, has filed multiple lawsuits for investors to recover losses.  Jason Haselkorn, a Partner at Haselkorn & Thibaut, said the following, “We are getting some calls from worried investors and we have a dedicated team investigating GPB investments. Current reports are very concerning for investors, many of whom expressed concerns that there may be more bad news, or that the financials at GPB Capital may continue to deteriorate. ”

Haselkorn continues, “Investors need to know that there are options available for them to potentially recoup their investment losses. However, for some early investors, there are some time deadlines depending on their date of purchase that could begin to potentially limit recovery options. Every situation is different, and statute of limitations and other potential deadlines may vary by jurisdiction. To find out more details, or for a free case evaluation, you can call 1 888-628-5590 or visit their website.

Stock to Watch – Alphabet (GOOG)

Alphabet shares are strengthening from the one-month low of October 2. At the moment, the emitter’s quotes are traded at a discount of 6% to the April 52-week high. Since the beginning of the year, the emitter’s quotes grew by more than 16.5%. Alphabet will invest USD 3.3 billion in expanding data centers in Europe over the next two years. Earlier, Deutsche Bank analysts raised the forecast for Google Cloud business growth to an average annual rate of 55% by 2022 and annual sales to USD 38 billion by 2025.

Over the last week, Alphabet’s shares showed a decline in value by 0.93% S&P500 index went down by 1.31% during the same period.

Support and resistance

The stock of the company is showing an ambiguous technical picture. At the moment, #GOOG shares are consolidating. The emitter is testing local levels of support and resistance at 1180.00 and 1220.00, respectively. The instrument has the potential for correction after a protracted rally.

Indicators don’t give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.

Comparing company’s multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.

Support levels: 1180.00, 1150.00, 1115.00.

Resistance levels: 1220.00, 1245.00, 1265.00.

Trading tips

If the price consolidates below the support level of 1180.00, #GOOG shares may correct. Potential profits should be locked in by orders at 1150.00, 1120.00, and 1100.00. Stop loss – 1210.00.

If the price consolidates above 1220.00, one may consider buying the company’s stock. The moving potential is aimed at the area of 1280.00–1300.00. Stop loss – 1190.00.

Implementation period: 3 days.

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Oil Held Up Riots in Iraq and Ecuador – WTI Chart https://alphabetastock.com/2019/10/08/oil-held-riots-iraq-ecuador/ https://alphabetastock.com/2019/10/08/oil-held-riots-iraq-ecuador/#respond Tue, 08 Oct 2019 18:05:06 +0000 https://alphabetastock.com/?p=279716 Today, prices are correcting down. Quotes are pressured by adding another 28 companies and state structures of the PRC to the American “blacklist” of enterprises that are prohibited from cooperating with US companies. This move by the US administration casts doubt on the results of a new round of trade negotiations to be held this week. Riots in Iraq and Ecuador, which may lead to disruption of oil production and transportation, are somewhat holding back the decline. In the evening, investors are waiting for the weekly API report on the US crude oil reserves. The last time they declined by 5.920 million barrels. The continuation of this trend will support prices.

wti oil chart
wti oil chart

Turning to Currencies

The US currency is weakening today against the euro and the yen but is strengthening against the pound.

Investors continue to monitor the situation around trade relations between the United States and China. A new round of negotiations should begin on Thursday, but since Monday the situation is becoming increasingly alarming. At first, Bloomberg disseminated evidence that the Chinese delegation would not discuss reducing government subsidies to the industry, which Washington insists. The US Department of Commerce then added 28 Chinese government agencies and companies (including Zhejiang Dahua Technology, IFLYTEK Co, and Xiamen Meiya Pico Information Co) to the blacklist of organizations that are barred from working with US companies because of reprisals against Chinese Muslim minorities. Today, China’s television suspended broadcasts of NBA matches, and major e-commerce stores stopped selling American basketball teams’ merch in response to recent protests in Hong Kong. These events raise concerns among investors about the success of the negotiations.

Eurozone

Today, the euro is strengthening to the US dollar and the pound but weakens to the yen.

The European currency is supported by statistics on industrial output in Germany. Instead of the expected decline of 0.2% in August, the volume increased by 0.3%. However, according to experts, this recovery is temporary and the deceleration will continue in the future, as evidenced by a decrease in industrial orders in August by 0.6%. The negotiations on Brexit remain the focus of investors’ attention. Today, the British media reported on Germany and Ireland opposing the new plan of Boris Johnson, which makes the conclusion of an agreement unlikely.

United Kingdom

The British pound is weakening today against its main competitors – the euro, the yen, and the US dollar.

Pressure on the pound was exerted by the fact that negotiations on a new deal with the EU were on the verge of failure. According to BBC and Sky News, Prime Minister Boris Johnson held tough negotiations with German Chancellor Angela Merkel, during which she insisted that Northern Ireland should remain in the EU customs union, otherwise a deal is unlikely. However, negotiations continue and there’s still the chance to negotiate. Data on retail sales from BRC provides additional pressure on the pound. In September, the index fell for the second time in a row, by another 1.7%.

Japan

The Japanese yen is strengthening today against its main competitors – the euro, the pound, and the US dollar.

Against the backdrop of yet another complication in the US-China relations, investors are buying the yen as a “safe haven asset”. The August data on expenditures of Japanese households published today did not meet market expectations. MoM, the index grew by 2.4% instead of the expected 2.8%, and YoY by 1.0% instead of the expected 1.2%.

Australia

The Australian currency today is weakening against the yen, strengthening against the US dollar and pound and has ambiguous dynamics against the euro.

In the absence of significant releases, the movement of AUD is technical. It should only be noted that investors are wary of yet another aggravation of US-Chinese trade relations ahead of the start of the next round of talks on Thursday. Their failure can put serious pressure on the position of all commodity currencies, including the Australian dollar.

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James Booth Financial Associates LPL Charged In Ponzi Scheme https://alphabetastock.com/2019/10/08/james-booth-financial-associates-lpl-ponzi-scheme-charged/ https://alphabetastock.com/2019/10/08/james-booth-financial-associates-lpl-ponzi-scheme-charged/#respond Tue, 08 Oct 2019 12:01:47 +0000 https://alphabetastock.com/?p=279708 Geoffrey S. Berman, Attorney General of the United States in the Southern New York District, and Peter C. Fitzhugh, announced the Special Agent in Charge of the Homeland Security Investigations Office (“HSI”), today it is JAMES T. BOOTH is charged with security charges, wire fraud, and investment consultant charges in respect of its one year scheme to pollute customers of its financial services firm, Booth Financial Associates (“Booth Financial”). Throughout the scheme, BOOTH sought money from Booth Financial customers and promised to invest their money in securities offered outside their normal consultancy and brokerage accounts. Instead, BOOTH almost paid all the money to pay personal and business expenses. In total, BOOTH fraudulently received almost $ 5 million from its clients. BOOTH was arrested in Norwalk, Connecticut, and this evening will be presented to Judge Kevin N. Fox in the federal court of Manhattan.

James Booth Financial LPL

Manhattan US Attorney Geoffrey S. Berman said: “As alleged, James Booth convinced his clients that he would deliver strong and secure returns on their investments. Booth is now in federal custody and will have to respond to his crimes. alleged. ”

Special Agent Commanding Peter C. Fitzhugh: “In an elaborate scheme Of false promises and deception, Booth allegedly achieved almost $ 5 million by attracting investors to guarantee their assets with a guarantee of safer investments and larger returns. The HSI New York Task Force has conducted financial fraud cases for at least forty years, and with the ongoing law enforcement partnerships in these cases, we can arrest alleged frauds that seek to exploit the hopes and dreams of people. others for their unlawful gains. ”

James Booth Financial Associates LPL

From 2013 to 2019, BOOTH sought money from Booth Financial customers and it falsely promised to spend their money in securities offered outside the normal consultancy and brokerage accounts. In particular, BOOTH directed some of its clients to write checks or wired money to an entity named “Insurance Trends, Inc.”. Instead of investing client funds, BOOTH, who controlled the Motor Trends bank account, Inc., then misappropriated its client funds to meet his personal and business costs.

According to Mathew Thibaut, Esq. at InvestmentFraudLawyers.com, who handles theses types of cases nationwide, “… a typical Ponzi scheme is a fraud that involves taking money from investors, then paying them off with money taken from new investors, rather than paying them with actual returns…”

BOOTH has caused many victims with false promises of safe investments with high yields. For example:

  • James Booth convinced an older widow investor (“Investor-1”) to transfer money she had received from her late man’s pension into Insurance Trends, Inc. BOOTH falsely promised Investor 1 that She had $ 1 million by the time she was 100 years old. Old. As a result of BOOTH false declaration, Investor-1 spent more than $ 600,000 with BOOTH.
  • James Booth convinced another investor (“Investor-2”) to transfer its money to an investment product that its chief executive would not lose according to BOOTH, and would grow with the market. Based on this mock representation, Investor-2 moved money it set aside for its child’s college costs, at least $ 60,000, to BOOTH. Subsequently BOOTH failed to offer Investor-2 documentation of their investment or allow Investors-2 to redeem their investment.
  • James Booth convinced another elderly investor (“Investor-3”) to withdraw money from an annuity set up to care for its disabled sibling, about $ 18,000, and invest that money with BOOTH.
James Booth Norwalk CT
James Booth Norwalk CT

To prevent investors from seeking repayment of money, and to encourage additional investments, BOOTH provided manufacturing account statements to investors that falsely stated that BOOTH had purchased certain securities on their behalf and that these investments generated gains. BOOTH further concealed the facts from investors by using money received from new investors to make redemption payments to previous investors, in a similar way to Ponzi.

BOOTH, 74, of Norwalk, Connecticut, is responsible for a single count of wired Fraud, which has a maximum sentence of 20 years in prison, one account of securities fraud, has a maximum sentence of 20 years, and a count. one of an investment consultant’s fraud, which has a maximum sentence of five years in prison. The maximum sentence possible in this case has been prescribed by Congress and is provided here for information purposes only, as the judge will decide any sentence on the defendant.

Anyone aware of the offenses charged in the Indictment should contact the Attorney General’s Office.  Investors seeking to recover losses are encouraged to call investment fraud lawyers at 888-628-5590 or visit their website site.

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Alibaba Stock BABA Continues to Strengthen https://alphabetastock.com/2019/10/08/alibaba-stock-baba-continues-strengthen/ https://alphabetastock.com/2019/10/08/alibaba-stock-baba-continues-strengthen/#respond Tue, 08 Oct 2019 11:13:31 +0000 https://alphabetastock.com/?p=279705 Form the one-month low of October 2, Alibaba Group shares have been strengthening. The growth comes amid a presentation to investors of a five-year development plan for the company. It includes collaboration in the cloud business with SAP, strengthening partnerships with Starbucks, as well as a new round of investment in Taiwan’s virtual reality startup and NetEase division. Since the beginning of the year, the issuer’s quotes have risen by 23%.

Alibaba baba stock

Over the past week, Alibaba Group shares rose by 0.65%. Over the same period, the S&P 500 index fell by 1.31%.

Support and resistance

Shares of the company are falling. #BABA quotes updated local lows. The issuer is currently consolidating. The key support and resistance levels are 164.00 and 172.00. There is potential for further correction. The indicators do not give accurate signals: the price crossed MA (50) and MA (200); the MACD histogram is near the zero line. It is better to open the positions from the key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates the underestimation of #BABA.

Resistance levels: 172.00, 177.00, 183.00.

Support levels: 164.00, 156.00, 148.00.

Trading tips

Short positions can be opened after the price consolidates below the level of 164.00. The closing of the profitable positions is possible at the levels of 158.00, 153.00 and 148.00. Stop loss – 170.00.

Long positions can be opened after the price consolidates above the level of 172.00 with the targets at 183.00–188.00. Stop loss – 166.00.

Implementation period: 3 days.

Scenario
Timeframe Intraday
Recommendation SELL STOP
Entry Point 164.00
Take Profit 158.00, 153.00, 148.00
Stop Loss 166.00, 170.00
Key Levels 148.00, 156.00, 164.00, 172.00, 177.00, 183.00
Alternative scenario
Recommendation BUY STOP
Entry Point 172.10
Take Profit 183.00, 188.00
Stop Loss 166.00
Key Levels 148.00, 156.00, 164.00, 172.00, 177.00, 183.0
Oct-04-19 Reiterated HSBC Securities Buy $230 → $233
Aug-05-19 Initiated Jefferies Buy
Jun-04-19 Initiated Loop Capital Buy
May-16-19 Reiterated The Benchmark Company Buy $205 → $220
May-07-19 Reiterated KeyBanc Capital Markets Overweight $210 → $240
Jan-31-19 Reiterated SunTrust Buy $180 → $200
Jan-31-19 Reiterated Stifel Buy $175 → $180
Jan-31-19 Reiterated Nomura Buy $200 → $205
Jan-31-19 Reiterated Macquarie Outperform $220 → $224
Jan-31-19 Reiterated KeyBanc Capital Mkts Overweight $200 → $210
Jan-31-19 Reiterated Citigroup Buy $208 → $211
Jan-31-19 Reiterated BofA/Merrill Buy $221 → $215
Jan-31-19 Reiterated Barclays Overweight $195 → $200
Jan-14-19 Resumed Bernstein Mkt Perform
Nov-05-18 Reiterated The Benchmark Company Buy $220 → $205
Oct-29-18 Reiterated Nomura Buy $224 → $202
Oct-23-18 Reiterated Macquarie Outperform $250 → $225
Oct-22-18 Reiterated The Benchmark Company Buy $245 → $220
Oct-15-18 Reiterated Susquehanna Positive $295 → $220

Alibaba Group Holding Limited, through its subsidiaries, offers online and mobile commerce businesses in the People’s Republic of China and internationally. It operates in four segments: central commerce, cloud computing, digital media and entertainment, and innovation and other initiatives. The company operates Taobao Marketplace, a mobile commerce destination; Tmall, a third party platform; Alibaba Health pharmaceutical platforms for e-commerce and consumer medical care; Alimama, a monetization platform; 1688.com, an online wholesale market; Alibaba.com, an online wholesale market; AliExpress, a retail market; Lazada, an electronic commerce platform; and Tmall Global, an import e-commerce platform. It also operates Lingshoutong, a digital sourcing platform; Cainiao Network logistics services platform; Ele.me, a delivery platform and local services; Koubei, a guide platform for restaurants and local services; and Fliggy, an online travel platform. In addition, the company offers payment for performance and visualization marketing services; and Taobao Ad Network and Exchange, an online marketing exchange for real-time bidding. In addition, it provides elastic computing, database, storage, virtualization network, large-scale computing, security and administration and application, big data analysis, machine learning platform and Internet of things and other business services; and payment and custody services; and movies, television series, variety shows, animations and other video content. In addition, the company operates Youku, an online video platform; UC Browser, a mobile browser; Alibaba Pictures and other content platforms that provide online videos, movies, live events, news, literature, music and others; Amap, a digital mobile map, navigation and real-time traffic information application; DingTalk, an enterprise efficiency application; and Tmall Genie, an intelligent speaker with artificial intelligence technology. The company was founded in 1999 and is based in Hangzhou, People’s Republic of China.

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HP Stock Dominated By Bears After Losing 10% of Value (NYSE: HPQ) https://alphabetastock.com/2019/10/07/hp-stock-losses-nyse-hpq/ https://alphabetastock.com/2019/10/07/hp-stock-losses-nyse-hpq/#respond Mon, 07 Oct 2019 12:49:38 +0000 https://alphabetastock.com/?p=279702 Late last week HP Inc. stocks fell to a 52-week low, having lost more than 10% in value after the announcement of the launch of a large-scale business restructuring, which involves a reduction of 7K to 9K jobs in the next three years. The new plan of action will allow the company to save about $1 billion in operating costs and is focused on turning HP Inc. to a powerful software and service center.

hpq stock

Last week HP Inc. shares decreased by 10.20%. The S&P 500 index for the same period decreased by 0.32%.

Support and resistance

The stock is dominated by “bearish” sentiment. Quotes renew local lows. At the moment, the key range is 16.50–17.35. There is potential for further decline. Indicators reflect the strength of sellers: the price consolidated below MA (50) and MA (200); The MACD histogram has begun to decline. It is better to open the positions from the key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates the neutrality of the instrument.

Resistance levels: 17.35, 18.15, 19.15.

Support levels: 16.50, 15.70.

Trading tips

Short positions can be opened after the price consolidates below the level of 16.50. The closing of the profitable positions is possible at the levels of 15.75, 15.00 and 14.50. Stop loss – 17.25.

Long positions can be opened after the price consolidates above the level of 17.35 with the target at 18.70–19.50.

Implementation period: 3 days.

Scenario
Timeframe Intraday
Recommendation SELL STOP
Entry Point 16.50
Take Profit 15.75, 15.00, 14.50
Stop Loss 16.75, 17.25
Key Levels 15.70, 16.50, 17.35, 18.15, 19.15
Alternative scenario
Recommendation BUY STOP
Entry Point 17.40
Take Profit 18.70, 19.50
Stop Loss 16.60
Key Levels 15.70, 16.50, 17.35, 18.15, 19.15

HP Inc. provides personal computing and other access devices, imaging and printing products and related technologies, solutions and services in the United States and internationally. The company operates through three segments: personal systems, printing and corporate investments. The personal systems segment offers commercial and consumer personal computers, personal computers, workstations, thin clients, commercial mobility devices, retail outlets, screens and other accessories, software, support and related services. The printing segment offers hardware, supplies, solutions and services for commercial and consumer printers, as well as scanning devices. The corporate investment segment includes HP Labs and business incubation projects. It serves individual consumers, small and medium enterprises and large companies, including clients in the government, health and education sectors. HP Inc. has a strategic alliance with Siemens AG; and collaboration with SmileDirectClub. The company was previously known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is based in Palo Alto, California.

Oct-07-19 Downgrade Argus Buy → Hold
Oct-04-19 Reiterated Morgan Stanley Equal-Weight $21 → $20
Oct-04-19 Reiterated BofA/Merrill Underperform $17 → $16
Oct-04-19 Downgrade Loop Capital Buy → Hold $21 → $19
Sep-16-19 Downgrade UBS Buy → Neutral $26 → $20
Sep-09-19 Downgrade Bernstein Outperform → Mkt Perform $20
Aug-23-19 Reiterated Wells Fargo Market Perform $23 → $20
Aug-23-19 Reiterated UBS Buy $28 → $26
Aug-23-19 Reiterated Morgan Stanley Equal-Weight $23 → $21
Aug-23-19 Reiterated Citigroup Neutral $21 → $20
Aug-23-19 Reiterated BofA/Merrill Underperform $19 → $17
Aug-23-19 Reiterated Barclays Equal Weight $21 → $20
Aug-23-19 Downgrade Evercore ISI Outperform → In-line $23 → $19
Aug-20-19 Downgrade Citigroup Buy → Neutral $25 → $21
Aug-08-19 Initiated Barclays Equal Weight $21
Jun-20-19 Initiated Deutsche Bank Hold $20
Jun-06-19 Initiated Evercore ISI Outperform
May-14-19 Downgrade Wolfe Research Outperform → Peer Perform $25 → $21
Apr-11-19 Initiated Credit Suisse Neutral $21
Feb-28-19 Downgrade BofA/Merrill Buy → Underperform $19
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