Sharing this Bloomberg TV Philippines Interview, this time with JP Ong along with his large LED screen! For this segment we talked about specific consumer stocks Puregold and Robinsons Retail and why the consumption industry will rock for years to come! We also touched on the status of SSI from the previous interview last month! I do hope this helps you win in your trades!
Here are the stocks:
1. PGOLD
Story: This company is all about aggressive growth and a good track record of earnings.
Fundamentals: P/E ratio is at 22, highest is at 29 lowest is at 19, very low D/E at 5.39, ROE has been very good at 13.44 and net income continues to grow at 10.48% per year.
Technicals: The stock broke out from the resistance at 46. The stock is still in an uptrend with indicators still pointing to a more bullish bias.
For quick traders, take profits if the stock fails to breakout at 49. Should the breakout from 49 hold your positions as the stock now will have no resistance.
For position traders, hold your positions as the stock is still trending up and no trend reversals have been spotted yet.
2. SSI
Story: Earnings are starting to pick up again and income is turning around from a bad 2016.
Fundamentals: The company turned a profit in the first quarter of 2017 as compared to a net loss in the forth quarter of 2016. It has also closed retail spaces that have been losing money.
Technicals: After the breakout from 2.65 the stock has not looked back.
For quick traders, If the stock fails to breakout from the resistance at 5 that could be a trigger to sell and take profits already. If the resistance at 5 is broken, the stock now has a shot to go back to 7.
For position traders, hold your positions as the stock is still trending up and no trend reversals have been spotted. The stock will stay bullish as long as the stock stays above 2.80.
3. RRHI
Story: Similar to PGOLD, this company its all about growth in both earnings and expansion prospects.
Fundamentals: P/E ratio is at 23.90, highest is at 29 while its lowest is at 14.6. The Long Term D/E is zero! While the ROE has been very good at 10.8. Net income continues to grow at 11.25% per year.
Technicals: After the breakout last May 12, 2017, the stock progressed higher before hitting a short term consolidation ranging from 85.5 – 87.7.
For quick traders, It would be prudent to wait for the breakout above 87.7 levels as a buying opportunity.
For position traders, hold your positions as the stock is still trending up and no trend reversals have been spotted yet.
