In a special episode of Mad Money, Jim Cramer dedicated the entire show to the art and science of technical analysis, picking the best charts from his weekly “Off the Charts” segment and analyzing even closer.
Why study the charts at all? Cramer said it’s because charts are like the footprints at the scene of the crime, clues to what the big money managers are likely thinking. Additionally, charts have a remarkable self-fulfilling nature because so many professionals abide by them religiously.
While Cramer is still a firm believer in fundamental analysis, analyzing how a company is performing and how its sector fits into his larger world view, he said technical analysis can be a useful tool to confirm a trend or disprove a theory.
For example, if the Dow Jones Industrial Average hits a new high, then historically the Dow Transports index needs to also hit a high for the move to be sustainable. If the transports are heading higher, then the move is legitimate.
Best Performing Stocks To Watch Right Now: Limelight Networks Inc.(LLNW)
- [By Lisa Levin] Related Chardan Analyst Suggests An AveXis-Ionis Pair Trade Why The Biogen-Ionis News Is A Boon For AveXis AveXis' (AVXS) CEO Sean Nolan on Q4 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related CLBS Earnings Scheduled For March 17, 2017 15 Biggest Mid-Day Gainers For Thursday Caladrius Biosciences beats by $0.07, beats on revenue (Seeking Alpha) Gainers
Caladrius Biosciences Inc (NASDAQ: CLBS) shares rose 20.2 percent to $6.13 in pre-market trading after the company reported a narrower-than-expected quarterly loss.
Arbutus Biopharma Corp (NASDAQ: ABUS) rose 12.3 percent to $3.20 in pre-market trading after the company disclosed that it has licensed LNP delivery technology to Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) for use in single messenger RNA product candidate.
AveXis Inc (NASDAQ: AVXS) rose 12.2 percent to $81.66 in pre-market trading after the company reported topline data from Phase 1 trial of AVXS-101.
TOP SHIPS Inc (NASDAQ: TOPS) shares rose 10.5 percent to $2.43 in pre-market trading after surging 109.52 percent on Thursday.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) rose 9.8 percent to $17.45 in pre-market trading after declining 0.44 percent on Thursday.
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) rose 8.3 percent to $3.38 in pre-market trading after climbing 23.81 percent on Thursday.
Diana Containerships Inc (NASDAQ: DCIX) rose 7.6 percent to $2.99 in pre-market trading after surging 12.55 percent on Thursday.
Steel Dynamics, Inc. (NASDAQ: STLD) rose 5.2 percent to $37.25 in pre-market trading. Steel Dynamics expects Q1 earnings of $0.77 to $0.81 per diluted share. The company also declared a quarterly cash dividend of $0.1550 per common share.
Adobe Systems Incorporated (NASDAQ: ADBE)
Best Performing Stocks To Watch Right Now: Brooks Automation Inc.(BRKS)
- [By Lisa Levin]
Technology sector was the top gainer in the US market on Monday. Top gainers in the sector included Aviat Networks Inc (NASDAQ: AVNW), Cohu, Inc. (NASDAQ: COHU), and Brooks Automation, Inc (NASDAQ: BRKS).
- [By Lisa Levin]
In trading on Friday, technology shares fell 3.59 percent. Meanwhile, top losers in the sector included Ultra Clean Holdings Inc (NASDAQ: UCTT), down 5 percent, and Brooks Automation, Inc (NASDAQ: BRKS), down 10 percent.
Best Performing Stocks To Watch Right Now: Tiffany & Co.(TIF)
- [By Peter Graham]
Large cap luxury accessories stock Tiffany & Co (NYSE: TIF)reported Q1 earnings before the market opened this morning. Worldwide net sales rose 1% to $900 million due to growth in Asia-Pacific and an increase in the wholesale sale of diamonds whilecomparable store sales were 3% below the prior year. On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales increased 2% due to factors noted above along with sales growth in Europe while comparable store sales declined 2%. Higher fashion and designer jewelry sales contrasted with softness in other categories. On a region by region basis:
- [By Ben Levisohn]
Tiffany (TIF) has tumbled 4.7% after its holiday sales were lower than it had expected. It blamed, in part, disruptions created by the nearby Trump Towers.
- [By Chris Lange]
Tiffany & Co. (NYSE: TIF) is set to release its most recent quarterly results Wednesday as well. The consensus forecast calls for $0.70 in EPS and $913.44 million in revenue. Shares ended the week at $92.92. The consensus price target is $96.72, and the 52-week range is $56.99 to $97.29.
- [By Ben Levisohn]
Tiffany (TIF) rose to the top of the S&P 500 today after Richemont said it had seen strong jewelry sales, buoying luxury retailers.
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Tiffanygained 3.6% to $80.55 today, while the S&P 500 declined 0.2% to 2,270.44.
In a report from Jan. 6, Macquarie’sLaurent Vasilescu and Dan Isaacson pondered the impact of commodity prices on Tiffany:
Commodity Benefit Ending: In Section 1 on pages 2 through 9, we go through the math to show how the commodity tailwind is ending. We note that 2012 GMs were down 200bps YoY after the 2010/2011 commodity rally. Beyond precious metal, our London-based colleague Patrick Morton outlines in his November note that diamond prices will remain rather mute for the near term…we are calling for flattish to 30bps of gross margin expansion for FY17.
Tiffany’s market capitalization rose to $10 billion today from $9.7 billion yesterday. It reported net income of $464 million on sales of $4.1 billion in fiscal 2016.
- [By Lisa Levin]
Tiffany & Co. (NYSE: TIF) posted better-than-expected results for its third quarter.
Tiffany posted quarterly earnings of $0.80 per share on revenue of $976.2 million. However, analysts were expecting earnings of $0.76 per share on revenue of $957 million. Its comparable store sales slipped 1 percent during the quarter.