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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

Amazon : The World’s Best Retailer

Barron has a cover story on Amazon (AMZN).

A fairly long article and I recommend reading it at http://online.barrons.com/article_print/SB123819715466061661.html?page=1

What I like about Amazon (and it is on my watchlist) :

  • Leading E-Commerce (or online) business; Great moat here. Will we see an Amazon alternative?
  • Survived the dot com bubble (ie. It has went through recession and has emerged much stronger)
  • New channels and other revenue generating products/services in place (Kindle, cloud services etc

I believed the 3 points above provides sufficient evidence that Amazon will survived this recession and more importantly will have new services or channels revenue that can help grow its revenue as the online business continue to change and Amazon matures further.