Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Jan 15, 2021
3 Smaller, Large-Cap Chip Stocks Expected to Move Higher

3 Smaller, Large-Cap Chip Stocks Expected to Move Higher

In the investment world the definition of a large-cap stock is any company that has a market cap over $10 billion. That leaves a lot of room between $10 billion and the $1 trillion market cap we now have for a few stocks. Combing Tickeron’s list of A.I. Trend Predictions from January 14, I couldn’t help but notice three semiconductor companies with smaller, but still large-cap, stocks that received bullish signals with high probabilities of success.

All three stocks get a “strong buy” rating from Tickeron’s scorecard and the signals all had confidence levels of 88%-89%. The three companies are ON Semiconductor (ON), Qorvo (QRVO), and Teradyne (TER). All three have market caps below $25 billion and they score very well on the fundamental and technical screener.

All three stocks get one negative score on their fundamental analysis, but it’s a different indicator in each case. Teradyne gets four positive readings from the fundamentals, Qorvo gets three positives, and ON Semiconductor gets two positive readings. The only area where all three score really well is in the Profit vs. Risk ratings. Teradyne and Qorvo both get great marks in the Price Growth Ratings.

The companies do even better on the technical analysis screener. All three stocks get four bullish signals. Teradyne doesn’t get any bearish signals while Qorvo and ON Semiconductor each get one bearish signal.

One of the more interesting observations was that the four bullish signals were the same for all three stocks. The signals came from the Aroon Indicator, the MACD indicators, the Momentum indicators, and the Moving Average indicators. The bearish signals for Qorvo and ON Semiconductor were both from the Bollinger Bands.

All three of these stocks have rallied tremendously since their March lows. ON Semiconductor is up nearly 350%, Teradyne is up over 200%, and Qorvo is up over 150%. The rallies have put all three stocks in overbought territory based on their 10-week RSIs and their weekly stochastic indicators. But as the saying goes, “overbought can always become more overbought.”

Looking at the sentiment indicators for the three stocks, something else caught my attention. The short interest ratios for both ON Semiconductor and for Teradyne are extremely high. Teradyne’s is 7.41 and ON’s is 8.04. The average short interest ratio is around 3.0. What the high short interest ratios suggest is that there is considerable bearish sentiment building toward the stocks.

From a contrarian perspective, a high short interest ratio is a good sign because it means, if the stock continues to rally, the short sellers can add buying pressure if they have to cover.

The complete comparison of the three stocks from Tickeron appears below. It shows how the stocks compare to one another and how they stack up against other stocks.

 

Related Tickers: SMH
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.