Below are the valuation targets for Seagate Technology (STX) for the next 10 years. Continue reading
- Japan
- Market Indicator
- Price Momentum Indicators
- Richard Russell
- Silver
- Speed Resistance Lines
- U.S. Dividend Watch List
B&G Foods 10-Year Targets
Below are the valuation targets for B&G Foods (BGS) for the next 10 years. Continue reading
L3 Technologies 10-Year Targets
Below are the valuation targets for L3 Technologies (LLL) for the next 10 years. Continue reading
FedEx Corp. 10-Year Targets
Below are the valuation targets for FedEx Corp. (FDX) for the next 10 years. Continue reading
Expeditors International 10-Year Targets
Below are the valuation targets for Expeditors International of Washington (EXPD) for the next 10 years. Continue reading
Matthews International 10-Year Targets
Below are the valuation targets for Matthews International (MATW) for the next 10 years. Continue reading
Canadian National Railway 10-Year Targets
Below are the valuation targets for Canadian National Railway (CNR.TO) for the next 10 years. Continue reading
Review: Texas Pacific Land
On November 25, 2018, we offered up the following downside target for Texas Pacific Land (TPL):
“The minimum downside target is in a range of $397.12 to $401.00. Going back to the period of 2007 to 2009, if TPL were to decline in a similar magnitude, the downside target from the $871.99 peak would be $244.16.”
From the peak of $871.99, TPL has declined to the intraday low of $409.00, which is exactly at our ascending $397.12 downside target.
The rebound has been exceptional but requires one last step in the process of confirming that the trend is actually up. In order for the trend to be CONFIRMED as up, the price of TPL needs to retest the $409 level and hold. Without holding at the $409 level, TPL would be expected to test the ascending $290.66 target, at minimum.
A review of the November 25, 2018 posting shows the 2003 to 2016 period when a retest of a a prior low was achieved.
Posted in parabolic, SRL, Texas Pacific Land, TPL
Quick Take: SNC-Lavalin Crashes
Subscriber S.D. asks:
“Any update on target price is with today’s earning warning?”
Our Quick Take:
On January 28, 2019, SNC-Lavalin (SNC.TO) crashed as much as –28%.
The reason for the decline was describe by SNC as “…Inter-governmental relations between Canada and Saudi Arabia, together with unpredictable commodity prices and uncertain client investment plans, have led to deterioration in our near-term prospects which we cannot ignore…(Tomesco, Frederic, “SNC Cuts Forecast as ‘Serious Problem’ Emerges in Mine Unit”. Bloomberg News. January 28, 2019. link.)”
Canaccord Genuity analyst Yuri Lynk says, “Saudi Arabia contributed about 11 percent of SNC’s total revenue in 2017…(Debroop Roy, Allison Lampert, Shailesh Kuber, and Richard Chang. “Canada's SNC-Lavalin cuts 2018 profit forecast on Saudi strain, shares dive”. Reuters. January 28, 2019. link.)
Ongoing controversies have dogged SNC-Lavalin for a while, from bribery scandals to poor “inter-governmental relations.” However, to address the issue of the impact to our 10-Year Targets for SNC-Lavalin we will defer to the work of Edson Gould. Continue reading
PepsiCo Inc. 10-Year Targets
Below are the valuation targets for PepsiCo Inc. (PEP) for the next 10 years. Continue reading
Marriott Int’l 10-Year Targets
Below are the valuation targets for Marriott International (MAR) for the next 10 years. Continue reading
Richelieu Hardware Ltd. 10-Year Targets
Below are the valuation targets for Richelieu Hardware Ltd. (RCH.TO) for the next 10 years. Continue reading
Posted in 10-year Targets, Altimeter, RCH.TO
Nasdaq 100 Watch List: January 2019
Below are the Nasdaq 100 Watch List stocks for January 2019. Continue reading
Posted in Nasdaq 100 Watch List
CIBC 10-Year Targets
Below are the valuation targets for Canadian Imperial Bank of Commerce (CM.TO) for the next 10 years. Continue reading
Fairfax Financial 10-Year Targets
Below are the valuation targets for Fairfax Financial (FFH.TO) for the next 10 years. Continue reading