Behind the markets
Behind the markets

Chart of Day: Nike (NKE) – 4/16

Keep an eye on beaten-down shares of Nike (NKE).

After gapping from about $100 to $87.50, NKE is just starting to pivot higher from over-extensions on RSI, MACD, and Williams’ %R. Last trading at $92, we’d like to see it initially refill its bearish gap around $100 shortly. Helping, Bank of America just upgraded the stock to a buy rating, with a price target of $113 a share.

nke

“We are upgrading NKE to Buy as [profit] estimates finally look achievable,” added the firm. “Relative valuation [is] extremely compelling” as well, as quoted by Barron’s.

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Good morning, everyone! This is Dylan Jovine from Behind the Markets, and happy Wednesday, October 9th! As we navigate through the hurricane cone, we're doing our best to stay safe and keep you informed. Today, I want to discuss corporate insider buying and what it reveals about the current stock market conditions. This year, corporate insiders have purchased only $2.3 billion worth of their own company stock—the lowest level since 2014. To put this in perspective, during the pandemic-induced sell-off, insiders bought a staggering $1.3 billion worth of stock in just one month. So why the sudden drop in buying? Influential figures like Jamie Dimon and Warren Buffett seem to be sitting on the sidelines, indicating that they believe the market is overvalued and underestimating the risk of a recession. Moreover, many insiders are not just refraining from buying; they are selling off their shares, taking advantage of high prices to build cash reserves. This trend suggests that the smart money is preparing for potential market downturns, ready to seize opportunities when they arise. Remember, experienced investors aren’t interested in small wins; they’re looking for substantial opportunities when the market corrects. Stay tuned as we keep an eye on these developments, and have a wonderful Wednesday! ✅ SUBSCRIBE TO THE CHANNEL 👇🏼👇🏼 https://www.youtube.com/channel/UCczJ4YRRQLl6KrH06iapaRw?sub_confirmation=1 ✅ VISIT OUR WEBSITE 👇🏼👇🏼 https://behindthemarkets.com/
YouTube Video VVVjeko0WVJSUUxsNktySDA2aWFwYVJ3LkNjNk5KaEdVMFVB

Insiders Are Selling! What Record-Low Insider Buying Signals for the Stock Market

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Can Hurricane Season Create a Debt Crisis??

Good morning, everyone! This is Dylan Jovine from Behind the Markets, and happy Tuesday, October 8th. Today, I want to draw a parallel between hurricane season and the looming debt crisis in the U.S. Many of us have felt the sting of rising home insurance premiums recently, and with hurricanes like Helene and Milton hitting hard, many homeowners are left underinsured and vulnerable. Insurance companies have made policies more affordable, but at a cost—many have gutted their coverage. This situation is a stark reminder of our national debt crisis. While we often assume that the government will step in during disasters, our growing debt limits its ability to do so. If the U.S. can't issue more debt to cover these emergencies, we could see inflation skyrocketing, which would affect everyone, even those who have prepared well. As we navigate this hurricane season, it’s essential to understand the consequences of our national debt. Without the ability to borrow, the government might resort to printing more money, leading to inflation and potential social instability. This is a critical moment for all of us, as historical patterns suggest that economic turmoil can breed unrest. I encourage everyone to reflect on this and consider donating to help hurricane victims. I have a recommendation for charity that we're going to give money to. I invite you all to join me. This was recommended by one of our members. He says it's the best boots-on-the-ground charity for the hurricane victims of Helene that he knows of. So please, I urge you to donate. 👇🏼 DONATE HERE! 👇🏼 https://www.samaritanspurse.org/article/pray-for-those-in-helenes-path/ Have a wonderful day, and stay safe as we face the upcoming storms! ✅ SUBSCRIBE TO THE CHANNEL 👇🏼👇🏼 https://www.youtube.com/channel/UCczJ4YRRQLl6KrH06iapaRw?sub_confirmation=1 ✅ VISIT OUR WEBSITE 👇🏼👇🏼 https://behindthemarkets.com/
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Hurricane Season & US Debt Crisis: Why Rising Insurance Costs Signal Bigger Problems

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