• Breaking News

    Tuesday, April 9, 2019

    Stock Market - The average FHA borrower’s FICO score has fallen from 700 to 670. That happened while the average credit score increased.

    Stock Market - The average FHA borrower’s FICO score has fallen from 700 to 670. That happened while the average credit score increased.


    The average FHA borrower’s FICO score has fallen from 700 to 670. That happened while the average credit score increased.

    Posted: 09 Apr 2019 06:03 PM PDT

    In 2016, the government removed the rule that required manual underwriting for mortgages with a credit score below 620 and a debt to income ratio above 43%.

    It's now bringing back that rule since about 5% more borrowers have a debt to income ratio above 50% than at last cycle's peak. This is a great decision as we don't want such high debt to income ratios to be common.

    Negative Economic Signals Credit Score Inflation & Incorrect GDP Estimates

    FHA standards

    submitted by /u/AlexPitti
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    GE Stock Report

    Posted: 09 Apr 2019 09:15 AM PDT

    BR Technicals' Technical Analysis Report – General Electric (GE)

    Published April 4, 2019

    Prepared By Brandon Ross, CMT

    You can read the report with charts & also download the PDF here: https://www.brtechnicals.com/ge-stock-report-april-4-2019/

    General Electric - The Company

    GE was founded in 1892 by Thomas Edison with help from J.P. Morgan. It was an original member of the Dow Jones Industrial Average, and it remained a component from 1907 to 2018, where it was eventually replaced by Walgreens Boots Alliance. Today, the company is in the industrial sector, and is classified as being in the diversified industrials industry. General Electric began as an electric company, but it is now an industrial powerhouse.

    If you look around your home, you may find a GE microwave, refrigerator, or even GE light bulbs, but they also build airplane engines, medical equipment, and various locomotives. They are even in the oil and gas industry. GE is a vast company, and was once a staple of the U.S. economy. However, we can see in the chart above that the stock has been hurting since topping in 2016-2017. Earnings mishaps and company management has hurt the stock in recent years.

    GE Long-Term Analysis

    • An uptrend began in early 2009.
      • Lasted until 2017 where the trend line and 200-weekly moving average were broken.
    • GE fell out of a symmetrical triangle to signal the top.
    • Bullish divergences in the weekly MACD and RSI indicators.
      • Notice the trend line support bounce after the stock fell out of the triangle pattern.

    GE Medium-Term Analysis

    • After falling through the bottom of the triangle, the stock tried to recover as it bounced off of the long-term trend line support on the 10-year chart. However, the triangle resistance held, and the stock continued lower.
    • The stock then gapped lower to break a $20 support, signaling that this was more than a correction.

    GE Short-Term Analysis

    • After falling through the bottom of the triangle, the stock tried to recover as it bounced off of the long-term trend line support on the 10-year chart. However, the triangle resistance held, and the stock continued lower.
    • The stock then gapped lower to break a $20 support, signaling that this was more than a correction.
    • GE is now in a confirmed downtrend, but today, is looking to try and break it.
    • After falling below $6.50, the stock recovered to $11, but has since moved into a diamond formation at the downtrend line resistance.
      • These are generally bearish patterns, and I would expect the stock to continue in its downtrend from here.
        • The weak volume beginning in mid-March is another bearish sign for the stock.
    • Testing the 200-day moving average and downtrend line.

    General Electric Stock Report

    General Electric stock has been a staple of the U.S. stock market for many years. Their consistent dividend payouts, and its correlation the U.S. economy made it a part of many portfolios. Plus, it was a part of the Dow Jones Industrial Average, and is still part of the S&P 500. But the stock has underperformed the last 20 years. The stock peaked in September of 2000, and hasn't been that high since.

    Recently, General Electric stock has fallen on some hard times since peaking in July 2016. Since then, the stock has lost more than 65% of its value, and at one point was down as much as 75%. The stock may have bounced back slightly, but I think there is still room for the stock to run lower. The diamond pattern is a bearish formation, and it is coming off of the minor recovery the stock made from $6.50. It is also brushing along the downtrend resistance line and 200-day moving average.

    The stock is rated a SELL, and this may be the best time to sell, whether it is selling a long position, or selling short. There is simply too much going against the stock for me to think it will break the current downtrend.

    However, there is some hope for GE bulls. The long-term weekly indicators are showing bullish divergences, so the pain may be weakening over the coming weeks or months. But that is the problem. The long-term indicators are signaling a bullish divergence, and that will likely take time take to play out. So, what wi;; we look for in a bottom?

    The past two bottoms in General Electric stock came fast. The stock reached its bottom after a final plunge in the stock, then it came back just as fast as it fell. But the stock found bottoms when the rest of the stock market found a bottom. That is to say, the stock market as a whole was falling because of an economic recession. GE was reacting with the broader market. This time it is different. The stock isn't falling because the economy is weak. The economy is strong, but the company is weak.

    GE investors should wait for a clear sign that the stock has found a bottom before jumping in on any rallies. The first sign would come from breaking the downtrend and 200-day moving average. Another signal would be generated if the 50-day moving average were to cross above the 200-day moving average. This would tell us there is momentum in the price rally. But if we're lucky, the stock will have a clear reversal pattern signal for investors to jump in on.

    See the charts & download the report PDF here: https://www.brtechnicals.com/ge-stock-report-april-4-2019/

    submitted by /u/BR-Technicals
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    Morning Market News (2019-04-09)

    Posted: 09 Apr 2019 06:54 AM PDT

    Good morning r/StockMarket

    u/bigbear0083 has been handling the news but given changing schedules I will be taking over. Big shoes to fill so please let me know any feedback on how this can be more useful for you.

    The equity news is based on trending tickers from my news database of 15 million articles.

    Macro News

    IMF Cuts Global Growth Outlook to Lowest Since Financial Crisis

    https://www.bloomberg.com/news/articles/2019-04-09/imf-cuts-global-growth-outlook-to-lowest-since-financial-crisis?srnd=premium

    EU-U.S. Trade War Escalates Over Disputed Aviation Subsidies

    https://www.bloomberg.com/news/articles/2019-04-08/trump-responds-to-eu-airbus-subsidies-with-threat-of-new-tariffs?srnd=premium

    Virginia wins men's NCAA basketball title, shredding 1 early Texas Tech backer's $298,500 payday

    https://www.marketwatch.com/story/if-texas-tech-beats-virginia-a-1500-wager-will-net-300000-2019-04-08?mod=MW_home_top_stories

    Equity News

    AAL - American Airlines

    American Airlines cuts first-quarter revenue guidance on 737 Max troubles https://www.cnbc.com/2019/04/09/american-airlines-cuts-first-quarter-revenue-guidance-on-737-max-woes.html

    BAC - Bank of America

    Bank of America is raising its minimum wage for employees to $20 an hour. "If you get a job at Bank of America, you'll make $41,000," Chairman and CEO Brian Moynihan says. https://www.cnbc.com/2019/04/09/bank-of-america-is-raising-its-minimum-wage-for-employees-to-20-an-hour.html

    AAPL- Apple Inc

    Apple is preparing to launch a new computer monitor, iPad and large laptop in the next two years, according to research from TF International Securities.

    All three of these devices could use versions of "mini LED" technology that improves contrast and color.

    https://www.cnbc.com/2019/04/09/kuo-apple-to-launch-macbook-ipad-monitor-with-mini-led-display.html

    FCAU- Fiat Chrysler

    Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet - FT

    Fiat Chrysler will pay $110 million to settle a lawsuit that it had misled investors about safety concerns surrounding excess diesel emissions. An investor group had sued the automaker in 2015, saying it had falsely claimed it was complying with safety regulations.

    https://www.cnbc.com/2019/04/09/stocks-making-the-biggest-moves-premarket-boeing-disney-wynn-resorts-altria-zogenix-more.html

    submitted by /u/WittilyFun
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    My Portfolio for April 2019

    Posted: 09 Apr 2019 10:26 AM PDT

    Hello guys, decided to share my portfolio with you. For anyone interested you can take a look here - https://zerotofreedom.org/my-portfolio-april-2019/

    submitted by /u/geo0rgi
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    Uber plans to sell around $10 billion worth of stock in IPO

    Posted: 09 Apr 2019 08:03 PM PDT

    https://www.cnbc.com/2019/04/10/uber-plans-to-sell-around-10-billion-worth-of-stock-in-ipo.html

    Most of the shares sold would be issued by the company, while a smaller portion would be owned by investors cashing out, one of the sources said.

    The company is seeking a valuation of between $90 billion and $100 billion, influenced by the stock performance of smaller rival Lyft following its IPO last month, the sources said.

    submitted by /u/coolcomfort123
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    #Technology sector on a tear in first quarter

    Posted: 09 Apr 2019 09:20 AM PDT

    This sector has done well . Need to watch for the algos taking profits and driving it down. Long term it is still a good sector to be in. Companies in the sector like $AAPL, $MSFT, $INTC doing well and will continue to dominate

    https://imgur.com/7TK4DbZ

    submitted by /u/stocksnips
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    any info on this flag formation pattern?

    Posted: 09 Apr 2019 06:27 PM PDT

    hey i don't know if this is the right subreddit for this but does anyone know anything about this flag formation pattern

    submitted by /u/kissxofxbeth
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    If you think the uber ipo is good idea ,maybe not

    Posted: 09 Apr 2019 05:54 PM PDT

    If you think the uber ipo is good idea ,maybe not. Companies can now give you 'Uber Vouchers' for free or discounted rides. This does not sound good for the bottom line. Its like when airlines started giving away free airline miles and giving away flights for free therefore not making as much money. Uber another dumpster fire sale like lyft.

    https://mashable.com/article/uber-voucher-discount-free-ride-hailing-app/#0g1yznjSqgqB

    submitted by /u/Mouse1701
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    Trading idea around turkey

    Posted: 09 Apr 2019 10:25 AM PDT

    Hi,

    Having an interview tomorrow and though Id pitch an investment idea around the fact that lira is weakening and that turkish assets might fall if they go ahead and buy the russian air defensive system. How can I pitch something around that?

    Thanks in advance!

    submitted by /u/Krimsa3
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    $VERB Announces Customer Agreement With the National Association of Health Underwriters

    Posted: 09 Apr 2019 10:05 AM PDT

    https://www.otcmarkets.com/stock/VERB/news/story?e&id=1328221

    WASHINGTON, April 09, 2019 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB"), a leader in business-focused interactive video, and the pioneer of Augmented Sales Intelligence software, announces an agreement with the National Association of Health Underwriters (NAHU), a non-profit professional association, to utilize VERB's interactive video technology for their member recruitment and retention campaigns.

    NAHU represents more than 100,000 health insurance agents, benefits professionals, consultants, and brokers, from both small and large health insurance companies throughout the United States. NAHU will be using VERB's interactive Tagg video technology for their 2019 email campaigns, in order to attract new members, retain and re-engage current members, and automate follow-up communications.

    "We are thrilled to be using the Verb platform to enhance our outreach and member engagement," says Janet Trautwein, CEO of NAHU. "We strongly believe in the power of video, and Verb's technology takes it a step further. There are endless applications for this technology."

    "NAHU is looking to be at the forefront of technological advancements, so they are a perfect fit for our interactive Tagg video technology," adds Verb's CEO, Rory J. Cutaia. "We are anticipating impressive results and a longstanding relationship with this organization."

    About VERB Technology Company, Inc.

    VERB Technology Company, Inc. is rapidly emerging as the market leader in interactive video data collection and analysis applications. VERB provides customer relationship management ("CRM"), lead generation, and video marketing software applications under the brand name TAGG. The Company's proprietary and patent-pending technology produces real-time, measurable results with customers reporting greater than 600% increases in conversion rates. The Company's software-as-a-service (SaaS) products are cloud-based, accessible on all mobile and desktop devices, and are available by subscription for individual and enterprise users. The Company's technology is integrated into popular ERP, CRM, and marketing platforms, including Oracle NetSuite, Adobe Marketo, and integrations into Salesforce.com, Odoo, and Microsoft, among others are underway. The Company's newest applications include TaggCRM, the premier mobile app for entrepreneurs; TaggMED, for the healthcare industry; TaggEDU, for the education industry; and TaggNGO, for non-profit organizations. To create and tagg your own videos that you can share and post to social, try TaggLITE, available for FREE on our website.

    For more information, please visit: www.myverb.com

    submitted by /u/louied91
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    Maximum Analysts estimates there have a bearish alerts for this week

    Posted: 09 Apr 2019 07:37 AM PDT

    We should do our own analysis. Sometimes it is helpful to follow experts. We recommend to follow your own analysis.
    http://www.stockrank.org/

    submitted by /u/Md_Khaledur_Rahman
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    NVDA Price target $45

    Posted: 09 Apr 2019 05:27 PM PDT

    this is the 3rd time it's going to happen. I hope we can keep this rollercoaster going for many time to come

    submitted by /u/Jungleking12000
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    $BEMG Announces Dan Oran as New Officer & Director to Enhance Shareholder Value

    Posted: 09 Apr 2019 05:59 AM PDT

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