JC Parets of All Star Charts commented in a new report on Tuesday that the risk to reward profile within the utilities sector is unfavorable and points towards downside.
According to Parets, utilities have been “the monster” in the stock market so far this year. The sector has been rallying since the start of 2016 and hit new all-time highs this month. However, moving forward, the risk to reward profile “favors the bears.”
Parets cited the chart of the S&P Utilities Sector Index and the recent highs that were made. He pointed out that at the new all-time highs this month, “momentum, as defined by a 14-week relative strength index, put in a lower high.”
“This bearish divergence and failure to hold on to those all-time highs should be the catalyst to send share prices in utilities tumbling in the coming months,” he added.
Parets further suggested investors could find a short strategy favorable. Specifically, investors could short utilities if it is trading below both the early 2015 highs and an uptrend line from the 2016's lows.
“If we're above either of those, I see no reason to be short,” he concluded. “Target-wise I think we head down 10% back towards all that former resistance last year in the mid-40s. That's where I'd be covering tactical short positions.
Top Tech Stocks To Invest In Right Now: Tyco International Ltd.(Switzerland)
Tyco International Ltd. provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products worldwide. The company?s Tyco Security Solutions segment designs, sells, installs, services, and monitors electronic security, productivity, and lifestyle enhancement systems for residential, commercial, industrial, and governmental customers. This segment also designs, manufactures, and sells security products, including intrusion, security, access control, electronic article surveillance, and video management systems. Its Tyco Fire Protection segment designs, manufactures, sells, installs, and services fire detection and fire suppression systems, and building and life safety products for commercial, industrial, and governmental customers. The company?s Tyco Flow Control segment designs, manufactures, sells, and services valves, pipes, fittings, valve automation, and heat tracing products for general proce ss, energy, and mining markets, as well as the water and wastewater markets. Tyco International Ltd. was founded in 1960 and is based in Schaffhausen, Switzerland.
- [By ]
In addition to South Korea’s small ETF, there are a few funds traded in Europe that track Mexican assets. Here are the ones to watch:
Xtrackers MSCI Mexico UCITS ETF (Germany)iShares MSCI Mexico Capped UCITS ETF USD (Switzerland)HSBC MSCI Mexico Capped UCITS ETF (U.K.)Kim Kindex MSCI Mexico ETF (South Korea)Stocks
Some of the larger companies based in Mexico are dual listed in Europe. While trading in these securities is limited, there may be some movement in the European morning hours. Here are a few to watch:
Top Tech Stocks To Invest In Right Now: LiqTech International, Inc.(LIQT)
LiqTech International, Inc., a clean technology company, provides technologies for the gas and liquid purification by manufacturing ceramic silicon carbide filters. It manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names that are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, ballast water and waste water treatment, and various industrial applications, as well as for producing clean drinking water. The company also offers diesel particulate filters for exhaust emission control solutions to the verified retrofit and the original equipment manufacturer market; and kiln furniture for the refractory industry to support ceramics that create additional space to maximize the number of items for each firing process. LiqTech International, Inc. sells its products to industrial customers in the United States, Canada, Europe, Asia, and South America. The company was formerly known as Blue Moose Media, Inc. and changed its name to LiqTech International, Inc. in October 2011. LiqTech International, Inc. was founded in 2004 and is headquartered in Ballerup, Denmark.
- [By Money Morning Staff Reports]
However, it’s unlikely Netlist repeats these returns anytime soon. After looking at last week’s top performing penny stocks, we’ll show you a penny stock on the verge of jumping over 230%…
Penny Stock Current Share Price Last Week’s Gain
Netlist Inc. (Nasdaq: NLST) $0.83 542.67%
Mannkind Corp. (Nasdaq: MNKD) $1.80 79.09%
Fred’s Inc. (Nasdaq: FRED) $2.49 73.68%
Delcath Systems Inc. (OTCMKTS: DCTH) $3.70 72.63%
Gemphire Therapeutics Inc. (Nasdaq: GEMP) $1.96 50.71%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $1.05 47.98%
Cel-Sci Corp. (NYSE: CVM) $3.78 44.78%
ParkerVision Inc. (OTCMKTS: PRKR) $0.60 29.42%
Superior Drilling Products Inc. (NYSE: SDPI) $2.63 29.23%
LiqTech International Inc. (NYSE: LIQT) $1.50 25.20%
How to Profit off This $11.1 Billion Money Pool: By following a few simple steps, one IRS directive could help set you up to receive checks of up to $1,795 every single month thanks to a genius investment. Learn more…
- [By Logan Wallace]
LiqTech International Inc (NYSEAMERICAN:LIQT) shares rose 11.2% during mid-day trading on Wednesday . The company traded as high as $0.94 and last traded at $0.91. Approximately 1,268,573 shares were traded during mid-day trading, an increase of 253% from the average daily volume of 359,292 shares. The stock had previously closed at $0.82.
Top Tech Stocks To Invest In Right Now: Quality Systems, Inc.(QSII)
Quality Systems, Inc., together with its subsidiaries, develops and markets healthcare information systems that automate medical and dental practices, and networks of practices in the United States. Its QSI Dental division focuses on developing, marketing, and supporting software suites for dental group organizations. This division also sells cloud-based Software as a Service model practice management and clinical software solutions; and develops, markets, and provides electronic data interchange (EDI) services to dental practices, including electronic submission of claims to insurance providers, as well as automated patient statements. The companys NextGen division provides integrated clinical, financial, and connectivity solutions for ambulatory and dental provider organizations, including NextGen Ambulatory product suite comprising electronic health records, practice management, population health solutions, analytics, patient portal, documentation management, ePrescribing solutions, mobile solutions, and NextPen; and interoperability solutions, such as NextGen health information exchange and share solutions. This division also provides EDI, hosting, data protection, and consulting services. Its Hospital Solutions division offers integrated clinical, financial, and connectivity solutions for rural and community hospitals; and develops and markets revenue cycle management and clinical information systems software products for the small and specialty hospital market. The companys RCM Services division provides technology solutions and consulting services to cover healthcare providers RCM needs that include billing and collections, electronic claims submission, electronic remittance and payment posting, accounts receivable follow-up, and expertise and support services. Quality Systems, Inc. markets its products through a direct sales force and a reseller channel. The company was founded in 1974 and is headquartered in Irvine, California.
- [By Max Byerly]
Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Quality Systems, Inc. (NASDAQ:QSII) by 493.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,275 shares of the company’s stock after purchasing an additional 68,400 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Quality Systems worth $1,604,000 as of its most recent filing with the SEC.
- [By Stephan Byrd]
Quality Systems (NASDAQ:QSII)’s stock had its “hold” rating restated by equities researchers at SunTrust Banks in a report released on Wednesday. They presently have a $20.00 target price on the stock. SunTrust Banks’ price target indicates a potential downside of 6.41% from the company’s current price.
- [By Shane Hupp]
Quality Systems (NASDAQ:QSII) shares saw unusually-strong trading volume on Friday following a stronger than expected earnings report. Approximately 2,338,700 shares changed hands during mid-day trading, an increase of 593% from the previous session’s volume of 337,438 shares.The stock last traded at $16.99 and had previously closed at $15.05.
Top Tech Stocks To Invest In Right Now: Harte-Hanks, Inc.(HHS)
Harte Hanks, Inc. (Harte Hanks), incorporated on October 1, 1970, is a multi-channel marketing company. The Company operates through two segments, which include Customer Interaction and Trillium Software. The Company’s Customer Interaction segment provides a range of integrated, multi-channel, data-driven solutions for a range of brands around the globe. The Trillium Software segment is engaged in providing enterprise data quality solutions.
The Company’s Customer Interaction segment offers a range of marketing services, in media from direct mail to e-mail, including agency and digital services; database marketing solutions and business-to-business lead generation; direct mail, and contact centers. Its agency services are customer engagement agencies specializing in direct and digital communications for both consumer and business-to-business markets. The Company’s digital solutions integrate online services within the marketing mix and include search engine management, display, digital analytics, Website development and design, digital strategy, social media, e-mail, e-commerce and interactive relationship management and a range of other services that support its core businesses.
The Company delivers a range of marketing database solutions across various industries. Its solutions are built around centralized marketing databases with the core offerings, including insight and analytics; customer data integration, and marketing communications tools. The Company is a direct marketing provider and also a mailing partner of the United States Postal Service (USPS). Its services include digital printing, print on demand, mail optimization, logistics and transportation optimization, tracking (including its prEtrak solution), commingling, shrink wrapping and specialized mailings. It also maintains fulfillment centers where it provides custom kitting services, print on demand, product recalls, and freight optimization allowing its customers to distribut! e literature and other marketing materials. It operates teleservice workstations around the globe providing contact center solutions, such as speech, voice and video chat, integrated voice response, analytics, social cloud monitoring and Web self-service. It provides both inbound and outbound contact center services and supports various languages with its global locations for both consumer and business-to-business markets.
The Company offers business solutions to solve data problems experienced by financial services, banking, retail, healthcare, manufacturing and risk professionals. The Company’s range of technologies and services include global data profiling, data cleansing, enrichment and data linking for e-business, Big Data customer relationship management, data governance, enterprise resource planning, supply chain management, data warehouse and other enterprise applications.
The Company competes with IBM, Oracle and SAP.
- [By Logan Wallace]
Noble Financial reissued their buy rating on shares of Harte Hanks (NYSE:HHS) in a report issued on Thursday.
HHS has been the topic of a number of other research reports. ValuEngine upgraded shares of Harte Hanks from a strong sell rating to a sell rating in a report on Tuesday, August 28th. Zacks Investment Research cut shares of Harte Hanks from a hold rating to a strong sell rating in a report on Tuesday, August 14th.
- [By Ethan Ryder]
ValuEngine upgraded shares of Harte Hanks (NYSE:HHS) from a sell rating to a hold rating in a research report sent to investors on Monday.
HHS has been the topic of a number of other reports. Noble Financial reaffirmed a buy rating on shares of Harte Hanks in a research note on Monday, March 5th. Zacks Investment Research raised shares of Harte Hanks from a hold rating to a strong-buy rating and set a $12.00 target price on the stock in a research note on Tuesday, May 15th.
- [By Logan Wallace]
These are some of the news stories that may have effected Accern’s rankings:
Get Harte Hanks alerts:
Harte-Hanks (HHS) Name Four New Independent Directors (streetinsider.com) Harte Hanks (HHS) Given $15.00 Consensus Price Target by Brokerages (americanbankingnews.com) Harte Hanks to Appoint Four New Independent Directors to the Board (feeds.benzinga.com) Harte Hanks (HHS) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com) Harte Hanks (HHS) Shares March Higher, Can It Continue? (zacks.com)
Shares of Harte Hanks traded up $0.65, reaching $10.96, during trading hours on Friday, according to Marketbeat.com. The stock had a trading volume of 46,930 shares, compared to its average volume of 18,474. Harte Hanks has a 12 month low of $7.30 and a 12 month high of $14.40. The stock has a market capitalization of $64.54 million, a price-to-earnings ratio of -9.13 and a beta of 0.90.
Top Tech Stocks To Invest In Right Now: ChinaCache International Holdings Ltd.(CCIH)
We commenced operations through Beijing Blue I.T. Technologies Co., Ltd., or Beijing Blue I.T., a company incorporated in China in June 1998. In June 2005, we incorporated ChinaCache International Holdings Ltd., or ChinaCache Holdings, under the laws of the Cayman Islands to become our offshore holding company through a series of corporate restructuring transactions.
In August 2005, we established our wholly-owned PRC subsidiary, ChinaCache Network Technology (Beijing) Limited, or ChinaCache Beijing.
In July 2008, we obtained control over Beijing Jingtian Technology Co., Ltd., or Beijing Jingtian, through contractual arrangements.
In October 2010, we completed our initial public offering and our ADSs commenced trading on the NASDAQ Global Market under the symbol “CCIH”. Advisors’ Opinion:
- [By Logan Wallace]
ChinaCache International Holdings Ltd (NASDAQ:CCIH) shares saw unusually-high trading volume on Tuesday . Approximately 738,018 shares traded hands during mid-day trading, an increase of 559% from the previous session’s volume of 112,066 shares.The stock last traded at $1.36 and had previously closed at $1.22.
- [By Stephan Byrd]
Intersections (NASDAQ:INTX) and ChinaCache International (NASDAQ:CCIH) are both business services companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, profitability, valuation, analyst recommendations, earnings, risk and dividends.