Articles by Richard Cox

FANG Stocks: Netflix Gains 2 Million Subscribers and Stock Rallies  

Wall Street weighed in on Netflix‘s blockbuster earnings and subscriber numbers. They were largely bullish, pushing the stock even higher in premarket trading Tuesday. Oppenheimer: “We are increasing our target to $370 from $285 after NFLX reported better 1Q results and provided 2Q guidance implying minimal slowdown in growth. In our view, multiple consecutive strong domestic net additions quarters are being driven by bundling and incremental marketing, likely resetting terminal penetration to high end of…


Bank Stocks: Wells Fargo Races Record Sanctions of $1 Billion

Wells Fargo Bank (NYSE:WFC) is making financial news headlines once again, as the government is ready to crack-down on the industry giant.  The stock value plunged on the news, and we are now trading near the lows from September 17, 2017: Wells Fargo earnings reports have been positive, however, and the stock could now be a buy at the lows.  The stock comes with a dividend yield of 2.99%: Wells…


Global Economy: China Announces Retaliatory Trade Tariffs on 106 New Products

China announced new tariffs on 106 U.S. products Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world’s biggest economies. The effective start date for the new charges will be revealed at a later time, though China’s Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products annually. Below is the full list of products that…


Stock Chart in Focus: Facebook (FB)

Share values in Facebook have plummeted recently, as the company is mired in a data-breach controversy that has created bear trends inFacebook’s stock value. Stock Price Chart: Facebook (FB) My own view is that this is the beginning of the end for the company.  The concept was a copy of a copy, and Facebook’s reputation as a tech innovator is absurdly over-rated.  Social media will become more niche-oriented in the…


Stock Chart in Focus: General Mills (GIS)

Long-term Stock Chart in Focus: General Mills General Mills (NYSE: GIS) Chart General Mills (GIS) beat earnings and revenue estimates with adjusted quarterly profits of 79 cents per share (78 cents expected).  Stock prices fell sharply, however, as General Mills lowered its adjusted earnings growth forecast (to a range of 0% to 1%).  The company’s previous forecasts called for much higher gains (within a range of 3% to 4%). Increased cost…


Biotech Companies: Breast Cancer and Market Trends

Biotech Companies: Breast Cancer and Market Trends Stock investors looking for a cross between biotech and cryptocurrencies might have just found their answer.  Rising medical costs and insufficient record-keeping for patients suggests that blockchain technology is ripe for consumer growth. The world needs biotech companies that implement blockchain technology.  This is why cancer researchers changed directions.  Cancer trends are on the rise in the U.S. (and throughout the world), as…