Roku Earnings Report Sets Streaming Service State of the Union

ROKU stock chart 2-13-20 before earnings

ROKU stock chart 2-13-20 before earnings

Roku earnings preview: Getting a first read on Disney and Apple’s impacts

Fresh off a carriage renegotiation with Fox Corp., Roku Inc. is about to face another test. The streaming company is set to post December-quarter results on Thursday afternoon.

With a report that will not only show how well Roku ROKU, +0.94% devices and connected TVs sold during the holidays but also provide some early indications of how Roku benefited from recent streaming launches by Walt Disney Co. DIS, +0.60% and Apple Inc. AAPL, -1.56% , both of which debuted services in November.

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Charlie Munger warns there are ‘lots of troubles coming’ because of ‘too much wretched excess’

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday.

“I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.”

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FL PhD who made $325,317 this year shares his story

A PhD who lives on an island off the coast of Florida has stepped forward to reveal how he made over $300,000 thanks to a rare phenomenon happening in the stock market right now.

He’s urging Americans to act while this extraordinary event is still in motion: “Missing out on what’s about to happen is going to be a huge source of regret in the months ahead.”

Click here to see his urgent message.

TWTR Twitter Inc Stock Chart 2-13-20

TWTR Twitter Inc Stock Chart 2-13-20

Good morning and welcome back to Smart Money Alerts...

Today we're focusing on a long forgotten tech stock that seems to have found some bullish interest.

Not quite exciting order flow but definitely a bullish tone to the tape. Yesterday's price action formed what we call a swing low.

Swing lows are most powerful after fast, momentum type moves which we see on the chart. The setup is our bread-and-butter signal for entering and exiting trades.

Although the stock has obvious resistance levels in the 40's, I like the bullish action and see the stock getting to $50 and beyond.

This play is one we call a position trade. A longer term trade that requires patience to get paid. I work these trades in stages, adding as the trade moves in my favor.

Using our tape reading skills we can clearly see the smart money stepping in and "supporting the bid." A good sign for continued bullish price action.

If you have any questions feel free to shoot me an email.

Have a great day!


Pete Renzulli