Headlines & Special Reports

Merck & Co., Inc. (NYSE:MRK) Valuation Observations

Sock Traders Daily has issued comments about shares of Merck & Co., Inc. (NYSE:MRK) as those relate to both technical and fundamental valuations.  Our internal alerts have signaled ha shares of MRK are officially testing longer term resistance, shares have clearly been strong, and this has been true even in the face of deteriorating sales and declining Earnings growth. 

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Exxon Mobil Corporation (NYSE:XOM) Hitting Converted Resistance

Our observations suggest that Exxon Mobil Corporation (NYSE:XOM) is testing a level of longer term converted resistance, which defines a former level of support that had broken.  Converted resistance levels are just as important, sometimes more important, than solidified support or resistance levels might be, so this is important.

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The Short Oil Trade: ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO), Proshares Trust II (NYSEARCA:SCO)

Stock Traders Daily offered a special report on August 18, that suggested investors short oil.  This special report was technical in nature, respecting oil's relative adherence to technical trading channels, as it identified the development of the right hand shoulder of a head and shoulders formation.

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FOMC: The Risk of Higher Interest Rates ProShares UltraShort Lehman 20+ Yr(ETF) (NYSEARCA:TBT)

The FOMC has everything they need to raise interest rates, but they are not expected to do it.  Their mandates are for full employment and moderate inflation, both of which currently exist.  Although labor force participation and wage growth can be used in contrary arguments, full employment exists according to fed officials, and their target of 2% inflation does too.

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Are SWFs tapped out? Apple Inc (NASDAQ:AAPL), Alphabet Inc (NASDAQ:GOOGL), and Microsoft Corporation (NASDAQ:MSFT)

After Brexit there has been evidence of large inflows of money into equity markets and those inflows seem to discount valuation and growth concerns in favor of dividends that are higher than comparable interest attainable from near term and midterm duration fixed income.

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