ClearValue Team Insights
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Icahn Enterprises L.P. (IEP) Q4 2023 Earnings Analysis
Executive Summary Icahn Enterprises L.P. (NASDAQ:IEP) reported its fourth-quarter earnings for 2023, revealing a miss against earnings expectations with a reported EPS of $-0.33, against a forecasted $0.21. Despite not ranking among the 30 most popular stocks among hedge funds at the end of the third quarter, the company showcased significant developments across its diversified […]Read More
$FUBO Made a Recovery, But Support is Acting as Resistance Here
I know some of you weren’t able to exit FUBO after three media giants formed an alliance to take them down. Luckily FUBO has made a nice recovery, but the previous light blue support line is acting as resistance here. I would monitor for a pullback and drop here. ChartChamp socials: https://linktr.ee/realchartchamp
Read More$SNAP Attempting a Bullish Breakout
I bought SNAP after a massive selloff and I’m comfortable holding until higher price levels. The price action has been pretty boring with a lot of sideways movement with local lows around $10.50, and this yellow resistance line acting as resistance. SNAP is attempting to form a bullish breakout here, there is still resistance at […]Read More
$PACB Bullish Bounce off White Support Line
In my previous updates I discussed this white support line as a support level for PACB’s historic lows. There has been a bullish bounce forming here. However, I would prefer to buy under the support line below $5. I think there will be a buy opportunity there at some point, but for now PACB has […]Read More
AAPL Trending Down to $174 – $177.50 Support Zone
AAPL has been gradually trending down towards the light blue support zone ($174 to $177.50). There was some short-term hype yesterday about AAPL’s change in focus from EVs to AI. I think the EV market is hurting right now and a lot of EV stocks are undervalued. I’m bearish on EVs short term, but bullish […]Read More
$NVAX Pump and Dump
I’ve been saying NVAX has a tendency to pump and dump, today NVAX dumped with a 28%+ decline. The Gavi settlement dispute is very big news for NVAX’s long-term growth, but COVID vaccination rates are still awful. I don’t see a reason to be bullish short term, but I think the stock is very undervalued […]Read More
Feb. 28 NASDAQ Update
$QQQ is also trending down, and has reached the yellow support line. This yellow support line has been weak support so far, and QQQ has periodically traded below yellow support throughout since December 2023. I think there is a risk of dropping lower on this downswing. There is PCE inflation data that will be released […]Read More
Feb. 28 S&P 500 Update
$SPY is still below the white resistance line, and has been gradually decreasing over the past few days. I have $500 as a local support level for a potential bounce. The pullback is pretty weak, but SPY has been trending down. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreOnline Brokerage Webull Plans Public Listing
Webull, an online brokerage from New York, is going public by teaming up with SK Growth Opportunities Corporation. This means they’re joining forces in a deal that values Webull at $7.3 billion. The process should be completed later this year, pending approvals. Once it’s done, you’ll find Webull listed on Nasdaq with a new ticker […]Read More
MRNA Declines by 17% After Changes to Future Plans
Moderna announced plans to cut $1.1 billion in expenses by 2027 as it adapts to a post-COVID business environment. The company aims to win approval for 10 new products by 2027 but will also pause or scrap some projects to manage R&D spending. Moderna’s shares dropped by over 17% following the news, reflecting concerns about […]Read More
MPW Spikes Up After Severing Ties to Steward Health
Medical Properties Trust (MPW) announced a global settlement with Steward Health Care System and its creditors, which allows MPT to regain control over 15 hospitals and transition their operations to four new quality operators. The agreement ends MPT’s relationship with Steward and ensures that the hospitals remain operational under new management in states such as […]Read More
IWM Rebounds from the White Zone
IWM has successfully formed a bullish rebound from the white zone, flipping this level from resistance into support. I’d like to see some nice follow up volume to help IWM rally to the yellow trendline around $220. For now IWM needs to hold above $210.44 to remain bullish. Follow me on social media: https://linktr.ee/realchartchamp
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