BILL ACKMAN, JOHN PAULSON & SARAH KETTERER UPS STAKE IN VIAC Here's yet more BULLISH news for VIACOMCBS (VIAC)
We feel along with several other large institutional investors that VIAC is DIRT CHEAP!
News Releases..
www.benzinga.com
www.gurufocus.com
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Verizon
VERIZON COMMUNICATION (VZ): Reversal Clues
hey traders,
it looks like the breakout above the previous structure high in December was false!
the market was trading about 1 week above 61.0 resistance and then dropped.
Now it looks like the market is forming a classic reversal pattern - head and shoulders pattern.
currently, the price is completing the right shoulder.
I suggest setting the alert below the neckline level.
Being broken it gives us a perfect selling opportunity.
key levels will be 55.55 / 53.0
LONG - VZ - Trading OpportunityAfter many years of downside after reaching a peak NYSE:VZ , seems to be trying to go on an uptrend again and break the previous resistance, an ascending triangle formation has been taking place for quite some time now, hitting it's head against the same resistance while continuously making higher lows, this is a chart to keep an eye on and buy a possible breakout, which would be a candle on at least the weekly chart closing above the resistance.
Possible targets would be to take profits at ~10%, and trail the stop-loss for the remainder, as the break of this resistance would probably start another huge uptrend.
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ERIC earnings trend is very bullishEricsson earnings trend has been growing on earnings since Q1 of 2018. (check chart for more info.)
We also received the following news today (07/15/2019 by MT Newswires :
-- Verizon Communications (VZ) and Ericsson (ERIC) said on Monday they have introduced cloud native, container based technology on the core of Verizon's network in a trial, the first deployment in a live network environment that will enable deployment at scale for new services in 4G and 5G.
"By evolving our core network past simply using virtualized machines and instead changing our underlying software architecture to run on cloud-native technology, we are able to achieve new levels of operational automation, flexibility and adaptability," said Bill Stone, vice president of Technology Development and Planning for Verizon.
VZ with Mixed Fundamentals and Weak TechnicalsFundamentals:
Verizon reported earnings for Q1:
EPS for 2018-Q1: 1.17
Estimated EPS before earnings: 1.17
Actual EPS: 1.20 a
Surprise: + 2.56%
Revenue stayed at 32.1B, barely missing consensus.
Technicals:
RSI(14) @40.5, reaching lower lows (specifically on the following dates: 2-apr,9-apr,17-apr,23-apr)
SRSI(14) @0
MACs @.26 > MACD @.01
CCI(10) @-200
Resistance level: 60.8
Support level: 53
I would be very cautious trading this. Wait until CCI(10) reaches -100, and RSI above 56 to go LONG.
Verizon Short Short based of channels and fibs
My Entry: 63.50 - 64.50 (any entry in that range is okay)
Stop Loss: 66.02
PT: 59.00
Risk/Reward: ~1:266
Ive been planning this trade for the past 3 weeks and it is finally coming to fruition. The reason the r/r out of the gate is slightly under 1:3 is because I would rather keep my inital stop slightly looser, so that in case of a slight over extension I can be slightly more flexable at first, wait to see the trade go in my direction and then tighten the stops down and potentially add. I will post updates as that happens for anyone that is planning to participate in this trade. If the price flips where my projections tell me, I will pull my stop to 65.00 and add size so that the r/r will shift to about 1:4.
2H Growth & Acquisition Friendly (PT: $9.00)Second half of the year has already been projected by various telecom companies and suppliers to be strong and accelerated compared to the first half. Seasonally weak Q1 numbers came in almost across the board. However, NPTN managed to not do as badly as most had anticipated, hence the growth in March fueled by positive sentiment that momentum was returning.
NPTN has repeatedly shown that it will dip under its overall trend lines (red+yellow) and return fiercely for some gains. It will take a stable, forward looking market with growth and momentum to get it back to $9. However, in the short term, I can easily see it retracing back up towards $7.50 before some profits are taken and the price drops back around $6.50. NPTN guided for a solid Q2, though the ZTE news may have a bit of a negative effect on it. However, that news has probably been baked into the current price, which is in part why it's dropped to where it is now. Ignore the Huawei noise, as China talks are at least still neutral, but moving forward again with additional talks and likely more extensions for negotiations.
Q3 guidance should remain the same, specifically focused on getting margins up with flat revenue compared to Q2. Anything above that, and we've got a rocket that will easily coast to $8 I think. Sales and growth into its strongest areas of 400G and 600G continue, with Verizon and others quickly deploying and growing 5G capabilities that NPTN participates in. Additionally, now that LITE has chosen to buy OCLR, the speculation that NPTN could be acquired escalated, so owning a piece of NPTN has additional leverage.
Cup and Handle Pattern?We see a Cup and Handle pattern starting on the 10/30/17 selloff when they announced that the merger between NASDAQ:TMUS and NYSE:S was officially off after years of talk. Once price recovered and hit the $62s level again on 11/27/17, we see a slight decline, as people who bought in at that level were looking to get out. The price is finally back at the mid $62s finishing the Handle pattern. Will we see a breakout next week?