ChartPros Market Insights

Cal-Maine Foods (CALM) states they're the largest producer and distributor of shell eggs in the United States.

The company is in the headlines this week for announcing a definitive agreement to acquire a broiler processing plant, hatchery and feed mill in Dexter, MO, from Tyson Foods, Inc.

Also, the company is scheduled to report earnings today after market close making them among the first batch of companies reporting earnings in the new year.

So we wanted to take a look at the company's stock chart from a price action technical analysis perspective.

Warehouse retailer Costco (COST) is making headlines this week for three significant reasons.

See what they are in our Chart of the Day!

Intuit Inc. (INTU) provides financial management and compliance products for small businesses, self-employed individuals, consumers, and accounting professionals in the U.S. and worldwide.

The company reported better than expected results for Q1 FY2024, with sales up 14.7% year over year to $2.98 billion. The company's full-year revenue guidance of $16 billion came in below analysts' estimates. 

In after hours trading price popped up to $599 before falling nearly 8% this morning to the $570 area.

Dollar Tree (DLTR) shares are trading up this morning despite falling short of third-quarter earnings estimates on the top and bottom lines.

Trading at $118.73, well off its $177.19 all time high (ATH) set about a year and a half ago, we wanted to see from a price action technical analysis perspective why price might be trading higher given the earnings miss.

Dick's Sporting Goods (DKS), a big box sporting goods retailer, reported better than expected earnings before the market open on Tuesday and is trading up about 8% around $127.

Wait until you see the reasons why we selected this chart today!

Walmart (WMT) posted higher than expected revenue of $160.8 billion for its third quarter earnings on Thursday morning.  Adjusted earnings per share came in at $1.53, versus estimates of $1.52.

Despite the earnings beat, Walmart gave soft guidance for the rest of the year and shares were trading down over 7% earlier today around $157.

Falling from its $169.94 all time high (ATH) set yesterday some may wonder if its news caused the drop or price action technical analysis.

Wait until you see what we discovered on this chart!

Tyson Foods (TSN) reported its fiscal Q4 results on Monday. Its $13.3 billion revenue missed Wall Street's target of $13.7 billion, while its earnings per share of $0.37 beat expectations of $0.25. Shares closed 3% lower after the mixed results.

Trading below $46 earlier today the stock is well off its $100.72 all time high (ATH) set in mid 2022.  Since then it's been constant selling pressure.

See the 15 year trend line that price could be heading towards...

Originally posted November 2nd and updated on November 13th.

Apple (AAPL) reports earnings after the close today and is making a repeat appearance on our Chart of the Day segment.  Previously featured on August 7th we'll update its chart for earnings.

Using price action technical analysis tools we can see Apple has continued to make lower lows and lower highs on the weekly chart since making its $198.23 all time high (ATH) this past summer.

Nothing technically broken, seemingly just a series of orderly retracements however, see where the market thinks price could head next week!

For anyone who traded $APPL earnings based on our November 2 Chart of the Day... a direct target hit!

Shares of Kraft Heinz (KHC) are trending up despite missing third-quarter revenue expectations. The company also announced a change in its 2023 fiscal year guidance, expecting organic net sales growth of 4-6% from the previous year, as well as establishing global leadership teams to expand growth.

Upon first glance of its monthly chart our first thought was who thought mixing cheese and ketchup was a good idea...

You may think the same thing too when you see the charts. 

Moody's Corporation (MCO) is listed as one of Berkshire Hathaway's top 30 holdings so by default the company gets a lot of attention.

They recently reported third-quarter 2023 adjusted earnings of $2.43 per share, which handily beat the Zacks Consensus Estimate of $2.35. The bottom line also jumped 31% from the year-ago quarter figure.

All sounds like pretty good fundamental information to people like Warren Buffet, often referred to as the "Oracle of Omaha." 

But we prefer looking at a chart with a price action technical analysis lens.

Whirlpool (WHR) shares fell after the appliance maker cut its full-year guidance despite reporting third quarter results that beat estimates.

Shares were down about 5% today trading briefly under $100.  This is dramatically off its $257.68 all time highs (ATH) during the spring of 2021.

See the 13+ year trend line that price could potentially be heading for...

Merck & Co (MRK) reported higher-than-expected third-quarter results on strong demand for its COVID-19 treatment, primarily in Japan, and raised its sales forecast for the drug.

It was about a year ago the company's stock price catapulted to new $119.65 all time highs (ATH) that had previously been set over 20 years ago.

On the monthly chart we can see since breaking the previous $96.69 ATH price has revisited it once already and may want to do so again.