Investors Stock Market Reviews 8.3.16
STX Stock: Did Shares Bottom in May?
Seagate Technology PLC (NASDAQ:STX) stock is another example of a company that has been punished by a bear raid. STX stock has fallen from a peak of $63.03 to a trough of $18.42, equating to a loss of 70%. If you happened to buy at the top and are currently holding STX shares, I can guarantee that you lack a trading strategy.
I approach each and every investment in the same manner. This keeps my investment decisions objective and simple. I will take you through my approach as I examine the STX stock chart. We will look.
AKAM Stock: Bears Regain Control
Akamai Technologies, Inc. (NASDAQ:AKAM) reported its second-quarter earnings on July 26, 2016. Earnings were inline and revenue came in a bit light. Were these numbers any good? Investors were certainly not pleased with these results. AKAM stock sold off the next trading day, gapping down and closing the day down 13%.
I have always been a proponent of a systematic trading strategy. A systematic trading strategy is the difference between making money and losing money over the long term. Managing risk is always the No. 1.
Biogen Inc Has Something the Pharma Majors Want
Biogen Inc (NASDAQ:BIIB) lost some 10% in one trading day last June. In fact, Biogen stock dropped to its lowest price of the year—$224.60 on June 24. That happened as the company admitted that lab tests of its new multiple sclerosis–targeting drug, “Opicinumab,” failed. But such things happen in the world of biotech.
Is an Uber IPO in the Works?
Some have suggested that the chances of an Uber Technologies Inc. IPO (initial public offering) have increased. The opportunity for an Uber IPO—perhaps even an Uber IPO in 2016—has opened up because Uber has sold its Uber China division to competitor Didi Chuxing. The Uber-Didi deal, say analysts, is the right catalyst for the stock to list.
So, will there be an Uber IPO in 2016? That’s the big question.
The sale of Uber China to Didi Chuxing has ended Uber’s loss-accumulating effort to challenge Didi, the ride sharing leader in.
A Very Rocky Road for Micron Stock
Everybody loves a comeback and Micron Technology, Inc. (NASDAQ:MU) is the new comeback kid. Despite a trouble-plagued stretch with too many lows and few highs, the company is pointed in the right direction and Micron stock is poised to ascend.
If anything, the past year has not been boring for this Boise, Idaho-based semiconductor provider. In July 2015, Micron Technology was the surprise object of a $23.0-billion informal bid by China’s state-sponsored Tsinghua Unigroup Ltd. Had the bid gone through, the acquisition would.
Electronic Arts Inc. (NASDAQ:EA) has never performed better. True, Electronic Arts stock has lost a bit—0.35%—in the past week, but EA stock is trading at $76.00 per share and that’s still within a few dollars of its all-time record. The slight loss last week is but a minor pothole in the path to unprecedented success. Electronic Arts stock will keep on trucking in 2016 and well into 2017, as Dave Dudley might sing.
The Next Big Thing for EA Stock Is Almost Here
The next big potential bullish shaker for Electronic Arts stock might come in the form of.
If you’re excited about Facebook Inc’s “Oculus Rift,” watch out for “HoloLens” from Microsoft Corporation (NASDAQ:MSFT). While it’s not yet available to the general public, the Microsoft HoloLens is going to be a game-changing device.
Since a lot of people aren’t yet familiar with the Oculus Rift or Microsoft HoloLens, it’s probably best to review what each device actually is. Both the Oculus Rift and the Microsoft HoloLens are part of a new technology trend known as virtual/augmented reality.
Let me explain…
DDD Stock: Waiting for a Reversal
The technology behind three-dimensional (3D) printing is phenomenal and the idea that it will lead to great breakthroughs in the future is sound. It was this hype that drove 3D Systems Corporation (NYSE:DDD) stock price to all-time highs.
While it is unfortunate that DDD shares now trade at a fraction of their value hit in December 2013, when DDD stock traded as high as $97.28 per share, the stock has been ravaged by a bear market. At its current share price of $12.71, DDD stock is down 87% from its peak.