MY JOURNAL FOR THURSDAY MORNING – AUGUST 1, 2019
NEWS, BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS
A Retail REIT Makes Fresh New Highs
I must admit, when I see a retail REIT hitting new highs, I can’t help but be pessimistic. However, after going to the website and checking out what they have going on, I think I can get my head around the multi-use buildings and why this REIT could keep going.
From an investor perspective, buyers are willing to pay more for Kimco Realty than they have paid in the last two years. The SCTR ranking is staying above 50, which suggests support for the company. While the stock is trying to outperform the $SPX as shown on the purple area chart, it appears that it is only keeping stride with the index – not really up or down, just in line. There was a nice volume surge last week as the price action pushed against the highs. With the continuation move this week, the 5.75% dividend looks attractive as well. – READ MORE (click here to see charts)
Here’s the new Capital Ideas Digest.
This week, an independent research
Alp Erdogan has worked at Raymond James in the U.S., among others, and specializes in small cap technology and health care.
Find out why he has a buy rating on these names.
We also have an analyst initiating coverage on an oil company whose shares have risen nearly 70% in the last five years, and could gain another 44%.
One big selling point is that this operator steers clear of the Canadian oil and gas market.
That and more in this week’s Capital Ideas Digest.
Access, ideas and insight.
Capital Ideas Media
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Seasonal Change in U.S. Ending Stocks of Crude Oil – EquityClock.com
Oil inventories now lower on the year following another substantial drawdown in the previous week:
Tech Talk is a free stock market letter service available at TimingTheMarkets.com and EquityClock.com. Ask us about the Seasonal Advantage Portfolio.
BREAKOUTS, MOMENTUM PLAYS, & BOTTOMS 📈
Xebec Adsorption (TSXV:XBC)
Questor Technology (TSXV:QST)
MediPharm Labs (TSX:LABS)
Parex Resources (TSX:PXT)
MOMENTUM ALERT SIGNALS 📡
Have a great day! 🙂
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