Below is a chart of Stock Yards Bancorp (SYBT) from 1994 to 2019 reflecting the year-over-year (YoY) percentage change.
- Japan
- Market Indicator
- Price Momentum Indicators
- Richard Russell
- Silver
- Speed Resistance Lines
- U.S. Dividend Watch List
YoY: Everest Re Group
Below is a chart of Everest Re Group (RE) from 1996 to 2019 reflecting the year-over-year (YoY) percentage change.
Everest Re Group 10-Year Targets
Below are the valuation targets for Everest Re Group (RE) over the next 10 years. Continue reading
Stock Yards Bancorp 10-Year Targets
Below are the valuation targets for Stock Yards Bancorp (SYBT) over the next 10 years. Continue reading
YoY: Southern Company
Below is a chart of Southern Company (SO) from 1982 to 2019 reflecting the year-over-year (YoY) percentage change.
Southern Company 10-Year Targets
Below are the valuation targets for Southern Company (SO) for the next 10 years. Continue reading
YoY: Dominion Energy
Below is a chart of Dominion Energy (D) from 1981 to 2019 reflecting the year-over-year (YoY) percentage change.
Dominion Energy 10-Year Targets
Below are the valuation targets for Dominion Energy (D) over the next 10 years.
YoY: DJIA 1901 to 2019
Below is a chart of the Dow Jones Industrial Average from 1901 to 2019 reflecting the year-over-year (YoY) percentage change.
Please email us at "nloteam at newlowobserver dot com" for an updated to this chart.
Transaction Alert
The NLO team executed the following transaction(s): Continue reading
Nordstrom – Technical Analysis
Nordstrom (JWN), a major luxury retailer, has been struggling this year. The stock has fallen -27% and we would like to explore a technical pattern call the Golden Cross to see how well the indicator holds up with Nordstrom.
Here’s a general overview of the Golden Cross as defined by Investopedia.
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average breaking above its long-term moving average or resistance level.
In our observation, we’ve chosen to use the 50 day moving average as the short-term period and the 200 day moving average as the long-term period of review. Based on our data going back to 1982, this strategy has produced positive returns approximately 65% of the time, assuming we sell the stock within 253 trading days (or approximately 1 year) after the signal is triggered. The table below provides the details. Continue reading
Review: GE Upside Targets
History:
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On January 21 2018, when General Electric (GE) was trading around $16, we said, “the speed at which the current decline is taking place indicates that sentiment will push the stock to the $5.27 price and the elimination from the Dow Jones Industrial Average is eminent.”
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On December 12, 2018, General Electric (GE) achieved a closing low of $6.45, 22% above our estimated downside target.
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On January 1, 2019, when General Electric was trading around $7.25, we said, “…now is the time to consider the upside resistance targets. The above chart lays bare the expectations for an upside move.” We also said, “The year 2019 could be forgiving to GE…” This was 12.40% above the December 12, 2018 low.
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On November 21, 2019, the closing price of General Electric stood at $11.59 or +59.86% above the January 1, 2019 level. This was 84.44% of the entire run from the December 12, 2018 closing low.
Revised GE Upside Targets
After demonstrating a history of consistency, in terms of the general trend in the stock price of General Electric, we must revise the Speed Resistance Lines that were issued in January 1, 2019 to more accurately reflect the changes that have occurred in the last 11 months.
The upside resistance targets are as follows:
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$19.05 (conservative target)
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$23.33 (mid-range target)
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$27.48 (extreme target)
It would be a major coup for the price of General Electric to exceed the conservative upside resistance target at $19.05. For now, we will reiterate that almost all stocks achieve the conservative targets through either the passage of time or increase/decrease in price.
As was said in January 2019, “GE could achieve all of the designated upside resistance targets and still be in a declining trend.”
Posted in Edson Gould, GE, General Electric, upside target
Hang Seng Index: November 2019
In our early October 2019 posting, we outlined the parameters for what we expected for the Hang Seng index. In spite of the recent increases, everything is lining up, so far. Continue reading
Transaction Alert
The NLO team executed the following transaction(s):
U.S. Dividend Watch List: November 15, 2019
Previous Year Performance Review
In our ongoing review of the NLO Dividend Watch List, we have taken the top five stocks on our list from November 16, 2018 and have checked the performance one year later. The top five companies on that list can be seen in the table below
| Symbol | Name | 2018 Price | 2019 Price | % change |
| EV | Eaton Vance Corp. | 42.63 | 48.07 | 12.8% |
| PRGO | Perrigo Company plc | 63.27 | 49.38 | -22.0% |
| R | Ryder System, Inc. | 54.81 | 52.71 | -3.8% |
| CHFC | Chemical Financial Corp. | 47.05 | 42.04 | -10.6% |
| GS | Goldman Sachs Group | 202.12 | 220.25 | 9.0% |
| Average | -2.9% | |||
| DJI | Dow Jones Industrial | 25,413.22 | 28,004.89 | 10.2% |
| SPX | S&P 500 | 2,736.27 | 3,120.46 | 14.0% |
The biggest drag to the performance of the top five companies was Perrigo Company (PRGO) which lost -22% in one year. The stock was trading $63 during the same time last year but the market correction in December took the price down to $36.50, a -40% decline. Perrigo rebound to $50 range which is about 37% from the bottom.
A company we had interest in from last year's list was Ryder Systems (R). The price is virtually unchanged over the course of the last year. While the stock price didn't budge, the dividend did increase which increased the dividend yield from 3.7% to 4.3%. Our 10-year targets shows that Ryder Systems should be accumulated at this range so we urge our readers to consider this company at this juncture.
U.S. Dividend Watch List: November 15, 2019
The Industrial reached all-time high at 28,000 and the S&P 500 reached 3,120. The one missing piece for us is the Dow Jones Transportion Average which needs to exceed 11,570. With the market at its all-time high, it's expected that we will have fewer companies trading near their yearly low and that is exactly what we got. Below are the companies on our watch list this week. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
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