Wednesday, March 10, 2021

Equinix: Technical Set-up Looks Good

 Equinix (EQIX):

EQIX has been on BofA US 1 list for a long time. It seemed to be very expensive, finally it has come back down and I have opened a position today at $640. Actually, I wish I had picked it up yesterday.
$EQIX's Technical Set-up 
  1. Trading near the bottom of the bollinger bands
  2. Money Flow Indicator flashing oversold
  3. RSI just coming-off of oversold territory.  
  4. On-balance Volume is negative indicating oversold
Exhibit: Equinix Technical Indicators
(Source: E*Trade)

Tuesday, March 2, 2021

I am going to buy Total S.E. (NYSE: TOT) on any short-term weakness

Total S.E. is on Bank of America's Top Rated Stocks list. When I saw that name, I was intrigued. Why is an oil giant from Europe on this list? I have done my research and found out that they have a growing green energy portfolio for which they are not getting much credit now.  I am going to buy on any short-term weakness (below $45 may be a start) and put it away for a long time and keep collecting the dividend (6.6%).

(Source: Google)

Paccar: Peak Demand For Trucks

 Paccar ( PCAR ) produced 185,900 trucks in 2022 and is on track for another record year in 2023. The company has experienced good revenue ...