#$panw

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

ASML, Ticker: $ASML

ASML, $ASML, comes into the week pushing above resistance. It has a RSI rising off the midline with the MACD positive and moving up. Look for continuation to participate…..

CME Group, Ticker: $CME

CME Group, $CME, comes into the week pressing on resistance. It as a RSI rising from the midline with the MACD positive. Look for a push over resistance to participate…..

GE Aerospace, Ticker: $GE

GE Aerospace, $GE, comes into the week pushing toward resistance. It has a RSI rising in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, comes into the week breaking resistance. It has a RSI in the bullish zone with the MACD positive. Look for continuation to participate…..

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, comes into the week pushing over resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the unofficial start of summer Monday and just 4 trading days left in May, saw equity markets were mixed with tech strong, large caps flat and small caps lower.

Elsewhere look for Gold to continue to consolidate in the uptrend while Crude Oil resumes a short term downtrend. The US Dollar Index may resume the short term move lower while US Treasuries remain in a downtrend. The Shanghai Composite looks to pause in the short term move higher while Emerging Markets may be confirming a failed break out higher.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Baker Hughes, Ticker: $BKR

Baker Hughes, $BKR, has bounced along against a support area all of 2019. It continues into 2020 as it starts to lift off of support. The RSI is rising towards the mid line with the MACD crossing up. Look for continuation to participate…..

Costco, Ticker: $COST

Costco, $COST, broke above resistance in January but then fell back. It looked like a failed break out until reversing last week and ending up back at the high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate….

General Dynamics, Ticker: $GD

General Dynamics, $GD, fell back to the 200 day SMA in October and held there for a month. It bounced to a lower high in November and then fell back again creating a consolidation range. It is now at the top of the range with the RSI rising in the bullish zone and then MACD moving higher and positive. Look for a break over resistance to participate…..

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, peaked in November and then gapped down. It found support at the cross of the 50 and 200 day SMA and started back higher almost immediately. It stalled upon filling the gap 3 weeks ago and pulled back to a higher low. Now it is back at the gap fill level with the RSI rising and the MACD crossed up and positive. Look for a push over resistance to participate…..

Toronto-Dominion Bank, Ticker: $TD

Toronto-Dominion Bank, $TD, has made a series of lower highs since topping in July. But it has also made higher lows since the bottom in August. It is now at resistance with the RSI rising in the bullish zone and the MACD lifting and positive. Look for a push over resistance to participate…..

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which saw the first week of February end with some profit taking after a strong week for equities.

Elsewhere look for Gold to possibly pause in the uptrend while Crude Oil may pause in the downtrend. The US Dollar Index looks strong and ready for more upside while US Treasuries start a new uptrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets look like a volatile directionless mess.

Palo Alto Networks, Inc.

Information Technology - Communications Equipment | Reports June 4th AMC

Palo Alto Networks, Inc. will release their earnings report for FQ3 '18 Monday after the close. The Estimize consensus calls for an EPS of $0.99, three cents higher than the Wall Street estimate. Estimize has been more accurate in predicting PANW EPS than Wall Street 79% of the time and more accurate in predicting PANW revenue 89% of the time. Estimize anticipates a revenue of $555.23M, slightly greater than Wall Street’s prediction of  $545.79M.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Agilent Technologies, Ticker: $A

Agilent Technologies, $A, started higher in December with a move up over its 200 day SMA. It continued higher only once retracing to its 50 day SMA during consolidation in August. Coming into the new week it has moved higher to resistance off of its lower Bollinger Band. It has rising and bullish RSI and a MACD about to cross up. Look for a push over resistance to participate higher.....

Commerce Bancshares, Ticker: $CBSH

Commerce Bancshares, $CBSH, rocketed higher in November, finding resistance at the beginning of December. It converted into a consolidation channel after that, oscillating in a wide range with only a minor test out of the top and the bottom that both failed. Friday saw it finish the week at the top of the range with a RSI that is bullish and rising and a MACD moving higher. Look for a push over the range to participate higher.....

Palo Alto Networks, Ticker: $PANW

Palo Alto Networks, $PANW, gapped higher to start June and then consolidated in a broad range drifting back to the 10 and 200 day SMA's. The in gapped higher again to start September. This time it also pulled back near the 50 day SMA before reversing back higher. It has had a two step move to the upside and is now back at the prior high. The Bollinger Bands had squeezed and are now opening to allow a move. The RSI is bullish and rising while the MACD is crossed up and rising. Look for a move over resistance to participate higher.....

Pfizer, Ticker: $PFE

Pfizer, $PFE, plateaued from February into March and then again in June. It made a series of small body candles as it approached that level again in September and then burst to the upside and kept running to atop mid-month. After a pullback to the 20 day SMA it moved back higher and is at the prior high as resistance. The RSI is bullish and strong while the MACD is flat. Look for a push to a new high to participate higher....

Timken, Ticker: $TKR

Timken, $TKR, also started a move higher in November. It consolidated that move through February and March before a second move up to resistance that has held since. The pullbacks in consolidation have reconnected price to the 200 day SMA in August, and that acted as a catalyst for the latest drive higher. The RSI is rising and bullish while the MACD is avoiding a cross down. Look for a push through resistance to participate higher.....

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the next week sees the SPY and IWM looking ready to hand over the lead to the QQQ as they take a breather after strong runs.

Elsewhere look for Gold to continue lower while Crude Oil also moves to the downside. The US Dollar Index looks better to the upside short term while US Treasuries are biased lower. The Shanghai Composite and Emerging Markets are biased to the upside for the week.

Salesforce (CRM): Last quarter Salesforce maintained its lengthy climb on sustained demand for new and pre existing cloud based products. Revenue jumped 25 percent on a 24% increase in subscription and support revenue as well as a nearly 40% rise in professional services and other sales. Along with robust report, management raised guidance for fiscal 2017. Revenue is projected to increase 25 percent to 26 percent in 2017 to the range of $8.37 to $8.38 billion.  

Salesforce failed to make a splashy acquisition in 2016 while Microsoft secured the coveted services of Linkedin. Investors believe that Salesforce will start to lose ground to Microsoft as it integrates the professional network into its namesake CRM products. But often times analysts fail to acknowledge that Salesforce’s other acquisitions have been largely successful in recent years.  Considering adoption rates and demand aren’t having a detrimental impact on financial performance, Salesforce growth strategy seems to be working effectively

On the other hand, increased competition and weak currency translation remain near term headwinds that potentially negatively impact earnings growth. Oracle and now Microsoft could potentially hamper long term prospects if its native products gain traction. Currency fluctuations, as its does with other multinationals, takes toll on international operations and sales growth.

What are you expecting for CRM? Get your estimate in here!

Ambarella (AMBA): Ambarella continues to share in the failures of its biggest client GoPro, which capped off fiscal 2016 on back to back disastrous reports. Shares of the action camera maker tumbled nearly 35 percent in the past 6 months owing to weak results, while its chipmaker, Ambarella fell 15 percent. Nonetheless, analysts at Estimize expect a 25 percent increase on the bottom line and nearly 30 percent on the top. A partnership with Google to support its “Helpouts” service promises to have an additive impact on revenue growth. Meanwhile, new efforts to penetrate high growth markets such as automotive and IP security will help diversify Ambarella’s offerings and lessen its reliance on GoPro. Historically the stock is prone to large swings in the month prior to and after an earnings report, whereas through the print it usually trades sideways.

What are you expecting for AMBA? Get your estimate in here!

Palo Alto Networks (PANW): Palo Alto Networks is one of many cyber security companies to have emerged in recent years. Like many of its peers, the company has suffered during earnings season from decelerating earnings and revenue growth. Investors received a gift last year after it was revealed that the DNC was hacked during the election. This raised concerns over the state of cyber security and the need to bolster protection. Meanwhile, frequent product refreshes coupled with an expanding user base also promises to positively impact top line growth. Additional strength across all its markets and business segments will help as well. Nonetheless, decelerating revenue growth from weak IT spending and increased competition will dampen growth.

What are you expecting for PANW? Get your estimate in here!

LogMeIn (LOGM): Shares of LOGM soared over 85 percent from a year earlier on the back of strong financial performance.Revenue growth exceeded 20 percent in each of the past 5 quarters whereas earnings posted double digit comparisons in 4 of the past 5 reports. Analyst at Estimize expect a slight deceleration compared to previous periods, calling for a 19 percent increase on the bottom line and 15 percent on the top. Historically the stock takes on higher ground during earnings season, gapping up by as much as 6 percent immediately through the print.

What are you expecting for LOGM? Get your estimate in here!

Weight Watchers (WTW): Oprah didn’t just do herself a favor by losing 40lbs, she also helped out shareholders who received significant returns from the announcement. In the past 6 month shares popped 6 months, largely on the back of Oprah’s beaming endorsement and subsequent success using the program. Analysts at Estimize strongly believe that the recent publicity and general economic improvements can boost financial performance moving forward. With that in mind, the stock typically takes a step back during earnings season, gapping lower by an average of 3 percent up to 30 days following a report.

What are you expecting for WTW? Get your estimate in here!

The Year of the $HACK Cybersecurity booming to start 2017 $FEYE $CYBR $PANW #hack

I said in my 2017 predictions (which you can find here) that 2017 will be the year that hacking becomes for real.

With Russia hacking the election and the DNC hacking allegations and bitcoin hackings, this is the year for these stocks. Take a look at the Hacking ETF.

$HACK – Right out of the gate it is up 4% this year. This is only going higher. The time is now.

$CYBR – Seven straight up days to…