Falling Forty

In an effort to keep you readers engaged while I study for midterms I wanted to post a brief analysis on the two companies that fell greater than 40% today based on finviz.com.

1. [RTK]

Rising Tide Raises All Ships

     After Trump was voted President, there was a lot of talk about what he would do to the steel industry. He had been saying that China has been taking manufacturing jobs away from the USA and how he will bring them back. The reason China can do that is because they have subsidized the steel industry. And they have done it against the rules of any trade laws that had been made. Steel is so cheap that they are just dumping it into the US market leaving no market share for domestic manufacturers to gain. The question remains... How will Trump negotiate the trade laws so that he can bring back US manufacturing, in this case steel and iron, and how will it affect domestic manufacturing as a whole?

The Marijuana Market

        The marijuana market is the fastest growing market/industry in the world. After doing some research and reading online in an article written by Tirthankar Chakraborty, "The industry grew 24% to $5.7 billion last year," and "the industry is expected to grow by $7.1 billion this year," AND "that legal cannabis industry sales will grow more than 200% to $22.8 billion in the next four years" (4 Best Marijuana Stocks to Play the Green Rush, Zacks).

Sowing the Seeds of Success

American Vanguard Corporation     [AVD]

I was flipping through some articles this past weekend and came across one written about American Vanguard and I thought I'd look into it. The first thing I noticed about the chart was the hammer,

hanging man?
[daily]

hammer 
[weekly]

obviously. But this time there will be more to it than just the candlestick pattern. Before I get into that some more...the candlestick pattern. Last trading week the company ended the week +5.61%. The week before that was the hammer pattern I have come to love so very, very much. Based on that there is still some room for growth. I'm not as bullish in the short run on this one as other based on the daily chart. It isn't very strong, but one could argue that a hanging man pattern happened and this next week will be in the red. This wouldn't be a weekly stock pick of mine, more of a long term buy-and-hold mentality. With this flawless transition, let's move into why I like this bad boy over the long term. 

Anyone Else Feeling Gassy?

Kinder Morgan Inc.   [KDI]

Today oil & gas and utilities were bumping. I was checking out the finviz map and they were lit up bright green. 

 

LEFT: Oil and Gas refining.

RIGHT: Electric Utilites

(for reference)

Uninformed Watch List

Wednesday 12:55pm edit: These all suck

Instead of analyzing just ONE equity I have decide I would make a list, do a little preliminary research and come up with a couple stocks I'd be watching this week. I ended up coming in with five and wanted to share them with you. (You being the four [generous] of you that will read this post). So without further ado, I present to you my 5 stocks to watch for the week of October 24th, 2016 in no particular order! *crowd goes absolutely banana's*