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Financial advisor Gil Morales discusses the stocks that are hitting the market at the open.
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This from a vote -- off selfish investing dot com is here with us right now yellow wanna get straight back to -- Three stocks that are making bigger headlines today out of what your opinion as a trade off on each of the three of one assault would McDonald's -- Don't touch with a ten -- -- point footballer or anything so why.
Because stocks in a downtrend and it's been knocked off its peak I don't see a recovering and so I would just stay away from the stock technically is damage so it at the very least it would require some time.
To settle down and rebuilding new consolidation that it might be able to move higher from there right now stocks in a downturn and I went -- -- -- -- -- move on to Priceline because not shocked as all the ships are being down a hundred books and it's down 95 now.
That's heavy discount on the stock would you touch that.
No it's like catching a falling -- appetite from a technical perspective history you know -- -- traders eyed look at charts of the 200 day moving average on -- that's a major area of support normally fourth stock like Priceline and that's around 600 I was very surprised to see this stock yesterday after hours drop.
Below 600 dollar level and -- day moving average and now rather than.
Finding support at the 200 day moving average which is what you often see when a stock drops like this.
It's now below that line which now represents upside resistance so in my view it's like catching -- a falling knife -- again like McDonald's it needs time to rebuild if in fact it's going to be able to go higher but.
You know they got hit mostly.
Out of the European business and there's a big deceleration.
In bookings and revenues and that's that they -- yesterday on the conference call so it looks like there feeling the pinch of a slowing global economy as well okay.
I've -- Priceline -- like it I've done -- don't like it.
Disney now that stalk -- you what you think it is -- I like Disney -- I think Disney is showing what an intelligent management team can do in an environment where you're running into -- headwinds.
You can see that -- 4% sales increased -- company was able to increase earnings 29%.
So they're leveraging off of their sales growth.
As well a dollar 18 cents better than estimates at the highest that earnings per share I -- for the company in its history.
And so what you're seeing -- -- -- able to adjust.
To a slowing economy and that's a sign of strong management's I believe that's a stock you want -- -- it remains in an uptrend -- closet holds above the 46 level.
I'm comfortable owning the stock if I -- that I don't currently but I think that's one that you have where you you're seeing the difference in management share.
Also I think individuals are more likely to go to that theme parks locally rather thing that's 93000 dollars on a vacation you see people like me deal.
I'm tidbit from the -- -- that I would biased all which is already rising I think analyses is not I'm not gonna get much more around.
People like me -- people.
Right more likely go for Priceline haul big discount is down a hundred books surely about some bottom that have by now I don't I -- the exact opposite view.
Right but I think you need to understand one thing is sent stocks are driven in one direction or the other mostly by institutional money there isn't some.
Consortium of grandmothers out there looking to buy price -- down here what will you have going on right now with all the huge volume selling.
Those are institutional investors that -- on Priceline probably for the last 345 years.
Are now unloading the stock and I don't -- -- stand in the way of that I would rather wait for the stock to settle down and then see where it.
Begins to -- sort some sort of consolidation where he could actually.
I'll find a reasonable bipolar but right now it's a falling knife in -- you don't wanna trying to catch what you say a consortium of grandmothers did you say that.
Exactly island grounds -- house has times of about.
That's that's that's well my grandparents are now dead but you know they're there they're not they don't have the cracking power if -- -- and it's not in other words it's not the individual investor that's coming and and -- on the side doesn't big institutions on results so good I didn't -- parents -- on time's up drill Morales thank you very much good --
