ChartPros Market Insights

Penske Automotive Group, Inc. (PAG) like many other companies reported earnings yesterday that provided a mixed financial performance for the fourth quarter and full year of 2023. 

But unlike many other companies Penske is not trading at or near all time highs (ATH) nor is it creating splashy headlines so we wanted to take a look.

Snap Inc., (SNAP) is all over the headlines today for reporting dismal earnings after the bell yesterday. 

Shares tanked roughly 35% in Wednesday morning trading from a little over $17 down to the $11.35 area, a day after the social media company missed revenue estimates and issued light guidance in its fiscal fourth-quarter earnings report.

We've been following their chart and will take a deeper dive into it's massive drop today.

PDD Holdings (PDD) is a Chinese multinational commerce group that owns and operates a portfolio of businesses. 

The company has repeatedly been mentioned in the same breath as Alibaba (BABA) lately for good reason by becoming China's biggest eCommerce company.  In December 2023 PDD's market capitalization surpassed that of Alibaba to make it the most valuable U.S.-listed Chinese company. 

Yum! Brands (YUM) operates KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, except in China, where the brands are operated by a separate company, Yum China.

The company reports earnings Wednesday before the bell and since price is not trading at or near all time highs (ATH) like so many other equities we thought we'd take a look from a price action technical analysis perspective.

The SPDR Dow Jones Industrial Average ETF Trust (DIA) seeks to provide investment results that correspond generally to the price and yield performance of the Dow Jones Industrial Average.

If ya haven't noticed lately, the chart has been trading at all time highs (ATH) and we repeatedly get asked "how much higher can this market go?"

Quite simply the answer is "as high as it wants..."

Apple (AAPL) is one of the most popular requests we get, especially on earnings day like today as the global tech giant reports after the closing bell.

Both Amazon (AMZN) and Facebook (META) also report after regular trading hours as well so there's likely to be significant price movement in the after hours markets...

Per the company's website, UNIFI (UFI) is a vertically-integrated manufacturer and a pioneer in scaling the transformation of post-consumer bottles and waste textiles into sustainable products. Sounds interesting and since they report earnings today after the market close we wanted to review their chart from a price action technical analysis perspective.

With historical price data going back to the early 1990's we like the fact there's a lot of info to analyze.

Danaher (DHR) is a leading global life sciences and diagnostics firm that reported earnings before the bell today and is trading up nearly $10 (5%) to roughly $245.

Before today we've never taken a look at their chart so we wanted to see what all the hype was about from a price action technical analysis perspective.

Warner Bros. Discovery (WBD) is making headlines today as its stock fell 2.5% after Wells Fargo downgraded the stock citing a "risky earnings setup" to kick off the year...

Well off its $78.24 all time high (ATH) set back in 2021 the company's stock was trading at $10.25 earlier today.

That's such a dramatic drop we wanted to review the chart from a price action technical analysis perspective.

Colgate-Palmolive (CL) shares are higher today after the consumer products company delivered better than anticipated results for the fourth quarter.

We wanted to take a look at their chart from a price action technical analysis perspective and boy did we like what we saw!

DuPont (DD) is making headlines this week for updating its outlook and downward adjusting financial guidance well below Wall Street expectations.  Price dropped like a rock yesterday in one of its largest single day sell offs. 

So we wanted to take a look at their chart from a price action technical analysis perspective to see what all the fuss was about.

Freeport-McMoRan, Inc. (FCX), a leading international mining company released earnings before the market open today and was trading up nearly 10% to $41 and change earlier today before fading back under $40.

From a price action technical analysis perspective, on the monthly chart we can see a change control zone roughly between $36 and $39 that first started to form back in 2006.

Price has criss crossed this zone over 36 times during that time span and even more so down on the weekly chart.