Palo Alto Networks Update
Shares of PANW continue to consolidate following a very solid earnings report back on May 21st: https://www.zacks.com/stock/news/938599/palo-alto-panw-q3-earnings-and-revenues-beat-estimates?cid=CS-MKTWTCH-HL-analyst_blog|earnings_article-938599. The stock reached...
Investors Remain Bearish(Good News!)
Optimism is at a 6-week low/pessimism is at a 6-week high. Bulls at an unusually low level & bears at an unusually high level for 2nd consecutive week. Hat tip AAII.com
Still Falling
Key bit: The average number of daily COVID-19 deaths on a weekly basis has fallen from a peak of just over 2,000 to 700 or so. That’s a roughly 65% decline. And it’s no fluke. The figure has been dropping steadily since April. Hold on. That last number for June 23...
Eyeing Abbott
Abbott Labs has been in consolidation mode since mid April. Back on April 16th shares surged to new 2020 highs following a solid Q1 earnings beat: https://investorplace.com/2020/04/abbott-labs-earnings-abt-stock-jumps-on-q1-beats/. A few days later, after stretching...
Biotech Trifecta
Biotech is extending last week’s breakout as the new week begins. There is room to run as all three of the Biotech Indexes we follow are still well below overbought readings despite the huge move off the March lows. The consolidation process through May and...2020 Investors Guide FREE
