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Amgen Breaks Out

Amgen Breaks Out

Shares of biotech giant Amgen are surging to new all time highs today.  A court ruling regarding Enbrel patents; https://thefly.com/landingPageNews.php?id=3119658, is sparking a powerful 6% gain.  This high momentum move is driving the stock past heavy resistance near...
After a Hot Q2, What’s Next?

After a Hot Q2, What’s Next?

From the desk of Ryan Detrick: Looking like the best quarter for the S&P 500 since 1998.  Here’s the catch, future returns after huge quarters (>15%) tend to see continued strength. Higher the next quarter 8 for 8. Will transports lead the way?  The DJ-20...
Goodbye Q2

Goodbye Q2

From Bespoke Research:  With a gain of over 18% heading into the last day, the S&P 500 is on pace for its best quarter since the last quarter of 1998. 
Palo Alto Networks Update

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...
Nike Hammered

Nike Hammered

Shares of Nike were pounded on Friday following Thursday night’s disappointing earnings report:  https://www.marketwatch.com/story/nike-fourth-quarter-sales-drop-nearly-40-2020-06-25?mod=mw_quote_news.  The stock closed with a 7.6% loss, on Goldman Sachs(-8.6%)...