Archive for September, 2010

  • Looking for a pullback in Citrix Systems, Inc
    Posted by on September 30th, 2010 at 10:49 am, Comments: 0

    $CTXS was one of the featured stocks in the last edition of StockTwits 50. Since its earnings breakout on July 29th, the stock has been holding above its rising 20 day SMA. On Sep 1st, $CTXS accelerated its pace of price appreciation and started to obey its rising 10 day SMA.  The next earnings report [...]

  • Chevron: Up and Down, But Ultimately Cheap
    Posted by on September 29th, 2010 at 10:04 am, Comments: 0

    This 5-year chart of Chevron (CVX) stock looks an awful lot like crude oil prices – and why shouldn’t it? — soaring through June 2008 and then plunging downward.

    Chevron Stock Chart

    Revenue and profits also soared and then fell, of course: 2009 revenue, $171.6 billion, was off a whopping 37% from the 2008 peak of $273.0 billion. And profit plunged 56% to $10.6 billion, or $5.24 a diluted share, from $24.0 billion, or $11.67.

    Seems awfully volatile, but when one looks at some other fundamental investment yardsticks, Chevron begins to look like a good company at a cheap price, the sort of thing YCharts aims to ferret out.

    Chevron’s dividend rises regularly.

    Chevron Stock Chart

    And right now, the payout produces a pretty decent yield.

    Chevron Stock Chart

    Chevron has a strong balance sheet, with more cash on hand than long-term debt owed.

    Chevron Stock Chart

    Best of all, it’s pretty cheap right now, with a p/e below 10.

    Chevron Stock Chart

    That makes it look cheap compared to most other major integrated oil and gas companies, as you can see in this YCharts sector chart. (Put your curser on the dots.)

    Chevron is also near the top of oil majors in earnings yield.

    Chevron’s exploration and drilling program – it expects to spend $21.6 billion this year on capital expenditures – has helped it push up proven oil and gas reserves to the equivalent of 8.3 billion barrels as of December 31, 2009, 5% higher than a year earlier. Its investments with other parties add another 3.0 billion barrels.

    Much of the company’s search for reserves is targeted in Asia, where it is trying to build a top natural-gas supply position. Chevron expects demand in Asia to grow at roughly three times the global average between now and 2035.

    Oil prices will bounce up and down, and Chevron’s results will follow along. But over the long haul, it appears the company is positioned to offer strong returns.

    Disclosure: No Positions

  • Charts Gone Wild with John Lee (09/28/10)
    Posted by on September 28th, 2010 at 10:27 pm, Comments: 0

  • Chart.ly TV 9/27/10
    Posted by on September 28th, 2010 at 8:20 am, Comments: 0

    Last night I sat down to speak with John Benedict of J2 Capital Management and Derek Hernquist of Integrative Capital to discuss their firms, their strategies, and how they view momentum.  I want to tie this show back in to the “Would You Do Brain Surgery” post from this weekend.  We spoke at length about

  • Zortology with Zortrades (09/27/10)
    Posted by on September 27th, 2010 at 9:15 pm, Comments: 0

  • Great Chart.ly TV Show Lined Up For Tonight
    Posted by on September 27th, 2010 at 11:17 am, Comments: 0

    We have a great Chart.ly TV show lined up for tonight at 9:30 PM with guests Derek Hernquist (@derekhernquist) and John Benedict (geckojb).  We will [...]

  • THE NEXT BIG MOVE: Aired 9/26/10, 8PM
    Posted by on September 27th, 2010 at 12:22 am, Comments: 0

  • Momentum Watchlist Review
    Posted by on September 27th, 2010 at 12:12 am, Comments: 0

    The market has had a significant run, and many of the leading names are too extended to buy here, but there are still stocks showing good setups.  I believe we will see rotation this week instead of a significant pullback.  Look for tech to rest a bit and materials to lead as the dollar is

  • Intermediate swing ideas
    Posted by on September 26th, 2010 at 3:14 pm, Comments: 0

    If this rally continues then most likely the laggard commodity sectors will be playing catch up.  Here are some frew ideas for the swing traders out there:ECA looks great on the break up through the down trend-line.   If WHR can wait a few da…

  • Simple Strategy for the Rally
    Posted by on September 25th, 2010 at 11:18 pm, Comments: 0

    On Friday, we may have seen a confirmation day through the use of a modified rising three method multi-candle pattern with Friday’s action completing the setup. On Thursday, Not only did the market reverse, it broke to a new intra-day low before the close. It was a pretty good shake out and I had refused [...]

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