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Tech

$AAPL, $AMZN, $IBM, $BIDU : 4 stocks above kumo

 

 

There are definitely more than 4 stocks that still looks bullish on the Ichimoku charts.

However, my favourites are :

 

 

 

 

I have chosen them for the following reasons:

1. They have cash.

2. They are market leaders within their segment

3. Pricing power and economies of scale.

4. Technically on the Ichimoku charts, they are still on top of the kumo support or above the kumo; which are bullish signs.

For $BIDU, we could easily substitute it with $GOOG. In my case, I want a proxy for the China market and in this case $GOOG fails the test.

Both $AAPL and $AMZN are extending their revenue beyond their core. In $AAPL case, the apps revenue and ads revenue will increasingly adds on and even be much more than its hardware sales.

In $AMZN, the cloud computing platform which they are offering will see increasing value as they target entreprise customers in the likes of brokerages etc.

Categories
Tech

Baidu Inc. (BIDU) : Breaks Kumo Support

Baidu has a very good setup for the short with its Friday close.

On the Daily Chart, we have confirmation that the Tenkan sen has crossed the Kijun sen and the price closes below the kumo support.

Granted, Friday market is very low on volume due to the July 4 holiday.

The other thing to note is the long tail on Thursday’s candle which may suggest a reversal.

If it bounces and fail to clear $72, it will be a good time to short from there.

Categories
Tech

Palm Inc. (NASDAQ:PALM), Huawei : What it will mean for Huawei?

By now, most sites was already highlighting about Huawei as a potential buyer for Palm Inc.

Many sites have also discussed the various advantage if Company XYZ acquires Palm.

That push me to think a little bit more about Huawei.

So far, most sites have talked about Huawei’s attempt to go into the mobile business and Palm will provide a great platform to build on.

However, if we are to take a step back and think. If you are the bankers, will this be the way you will try to sell to Huawei.

Couple of things we know about Huawei.

  1. They are strong in networking, telco areas and is doing very well.
  2. Without a doubt, Huawei is one of the great success stories of a tech company from China (apart from the likes of Baidu, Sohu etc).
  3. Yet, despite having revenue of more than US$21B, Huawei is not listed.  (source: Reuters http://www.reuters.com/article/idUSTOE60303720100104 )
  4. It’s rival, ZTE, is listed in the Hong Kong exchange.

What if Huawei use Palm to get itself listed? Though, I have to acknowledge that Huawei can get itself listed without going through this.

Surely, the investment bankers have to provide other value added services apart from peddling Palm?