Intact Financial Corp. 10-Year Targets

Below are the valuation targets for Intact Financial Corp (IFC.TO) for the next 10 years. Continue reading

1920-2021: New York Times Inflation Reference Index

Below is the New York Times Inflation references from January 1920 to 2021.

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See also:

1971-2021: U.S. Dollar Index

Below is a review of the U.S. Dollar Index apply Edson Gould’s Upside Speed Resistance Lines. Continue reading

1985-2021: Nasdaq Volume Cycle Studies

This study entails what we believe to be the most appropriate method for deciding WHEN TO BUY (not sell) based on the changes to the Nasdaq Composite Index trading volume. Continue reading

RenaissanceRe Holdings Altimeter

Below are the three undervalued and overvalued scenarios for RenaissanceRe Holdings (RNR) as of July 1, 2021: Continue reading

The Kroger Co. 10-Year Targets

Below are the valuation targets for The Kroger Co. (KR)  for the next 10 years. Continue reading

U.S. Dividend Watch List: June 25, 2021

The S&P 500 ended the week at all-time highs and the Nasdaq reached its all-time high on Thursday. However, the Dow Jones Industrial Average and Transports are lagging and have not exceed their peak. Despite the overall strong market, we believe there are pocket of opportunity in our Dividend Watch list below. Continue reading

General Dynamics 10-year Targets

Below are the valuation targets for General Dynamics (GD) for the next 10 years. Continue reading

Nasdaq 100 Watch List: June 2021

Below are the Nasdaq 100 Watch List stocks for June 25, 2021. Continue reading

Doge Upside Resistance Targets

Below are the upside resistance targets based on the work of Edson Gould.

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The targets, based on the $0.18 low, are:

  • $0.43
  • $0.52
  • $0.60

Each of the upside resistance targets are levels to expect that the price will either trade in a range or revert to a continuation of the declining trend.

MarketAxess Holdings Downside Targets

Below are the downside targets for MarketAxess Holdings (MKTX) based on the work of Edson Gould’s Speed Resistance Lines.

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  • $249.65 (conservative target)
  • $225.90 (mid-range target)
  • $202.15 (extreme target)

2009-2021: MarketAxess Holdings Altimeter

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In theory, MarketAxess (MKTX) is nearly undervalued based on Edson Gould’s Altimeter.  However, 2018 and 2020 have managed to show us lower levels.

NewMarket Corp. 10-Year Targets

Below are the valuation targets for NewMarket Corp. (NEU) for the next 10 years. Continue reading

U.S. Dividend Watch List: June 11, 2021

The week closed with major indexes approaching record level. S&P 500 ended the week at record high while the Dow and Nasdaq are less than 1% away. The number of companies on our watch list remain stable at 34, 9 of which are Dividend Aristocrat and 22 are Dividend Achiever. Continue reading

YoY: Tata Motors

Below are the projections for Tata Motors based on the technical price change on a Year-over-Year (YoY) basis.

Year-over-Year Review

In the latest run up for Tata Motors, from the March 2020 low, the price of the shares have increased as much as +368% before peaking on a YoY basis.  This does not mean that the shares have run out of momentum to the upside.  Instead, it only means that the pace is not going to be as quick in the last year.

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In the last comparable YoY period, from the February 17, 2009 low to the March 17, 2010 peak, Tata Motors increased approximately +499%.  After March 17, 2010, Tata Motors rate of increase declined.  This means that the share price continued to move higher just not at the same parabolic rate (green dashed line) as seen in the February 2009 to March 2010 period.

Ultimately, as the share price got to the peak, around December 10, 2010, the average rate of increase, although positive, was being brought lower and finally to a negative YoY level (red box).  This resulted in a decline of nearly -50% in Tata Motors from December 2010 to August 2011.

If the current run is comparable to the 2009-2010 run, then we could see a new high at approximately 511-600.  A decline in the YoY rate below +100% would mean that the shares have peaked and are in for a -30% to -50% decline from the new established peak in the stock price.