IEP is in stage #2. The stock started declining as is typical but then reversed, possibly on the news that Carl Icahn reached the deal with Crown Holdings to add the activist investor’s members to the Crown’s board. The weekly chart shows a sideways pattern. The company’s revenue is erratic but improving Continue reading →
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Archive for February 1st, 2023
Posted by Martin
February 01, 2023
Posted by Martin
February 01, 2023
01.31.2023 – TUESDAY MARKET OUTLOOK
The market reversed yesterday’s and today’s losses as the economic data showed weakness. Consumer confidence also dropped. We are in an environment where bad data are good news. This gave investors hope that the FED will not be aggressive anymore and raises the rates by 0.25 points as is widely expected. In the end, Continue reading →
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