3 Stocks I Saw on TV: Apple ($AAPL), FedEx ($FDX) AND Microsoft ($MSFT) (January 07, 2016)

by DAN
This is the 3 Stocks I Saw on TV video series, which I just started to do again. It’s back by popular demand, because I thought it was pretty popular, so I demanded it. You’ll see it be a little more fancy in the future, though not too much, I’m just keeping it real. The 3 stocks that I’m looking at today are Apple ( NASDAQ:AAPL ), FedEx ( NYSE:FDX ), and Microsoft ( NASDAQ:MSFT ) and this is why: A big deal this morning on CNBC about Apple ( NASDAQ:AAPL ) is up over a percent, but lets just look at this thing. I’ve been covering this on my Free Chart of the Day video for a while. By the way, I’m not down on Apple ( NASDAQ:AAPL ), the company, or anything like that; I just think the chart kind of stinks. The fact that this stock is down as much as it is, and then rallied today, gapped up, nice gap up, right? It gapped up, but then it hasn’t held that gap. I’m doing this with an hour left to go in the week, but my bet is, you’re not going to see a big buying spree into the close.

Why would anybody really want to do that before the weekend? But even if they do, this is a stock that’s probably not going lower in the short-term. Nor though, is this a capitulation. This is not a capitulation, this is not that. If you want to buy Apple ( NASDAQ:AAPL ), you’re really impressed with a whopping 2.2 percent dividend yield, if you want to buy Apple ( NASDAQ:AAPL ) you have plenty of time to do that. A hundred bucks, which had been a floor for half a day, is now a ceiling. So there’s not a lot of upside in this stock to buy right now. There’s just not. You look at it on the weekly chart, this looks like a lawn dart that’s reached “zenith” and now it’s looking for either your foot or that little circle on the grass. This stock is definitely going lower. But short-term I don’t really think it is.

So think about it this way, and then I’ve got to move on. If you’re buying the stock you’re buying it because you think it’s going higher. Now some people, and hopefully this doesn’t apply to you, but if it does lets make sure it doesn’t happen this way in the future. Some people buy a stock because they just can’t help it and it’s like, “Oh, I haven’t done a trade yet today. Or I haven’t done anything this week, so I’m just going to go ahead and buy some Apple.” Don’t do that. Apple ( NASDAQ:AAPL ) doesn’t care whether you own it or not. Instead, let the price pattern dictate what you’re doing. Right here with Apple ( NASDAQ:AAPL ), this is about as much of an “inside” day as you can have here. It’s just indecision. You don’t want to be buying Apple ( NASDAQ:AAPL ), nor do you really want to shorting it. It’s oversold, it’s just oversold. So this is really a “do nothing” stock. Now, if the company reports earnings, the stock rallies up, and then “peters out”, this is a “short the snot out of it” stock. But nothing right now.

FedEx ( NYSE:FDX ). Regulators approved their deal to buy TNT Express ( AMS:TNTE ) over in Europe so the stock’s up a bit today. This is really a broken stock, it has been for a while. I want you to be careful about this. It is also an “inside” day. These “inside” days can tend to be kind of continuation days. So if this stock starts falling back below, we’ll say, 134.50, you want to get out of the stock. This is another one like Apple ( NASDAQ:AAPL ), it’s going lower, it’s too early to buy, I wouldn’t want to short it either. Just like I’m glad they bought TNT Express ( AMS:TNTE ) doesn’t make me want to buy them.

Now Microsoft ( NASDAQ:MSFT ), a little bit different deal here. BMO ( NYSE:BMO ) initiated coverage with an “outperform”, right? So the stock’s up a bit today, 1.3 percent, but so were a lot of other stocks, the market’s oversold. Here’s the problem with Microsoft ( NASDAQ:MSFT ) though: there’s a lot of resistance right here. The stock’s actually performed really well. Considering the fact that it’s Microsoft ( NASDAQ:MSFT ), it’s pretty darn impressive (they’re like the McDonald’s of software, I don’t even know what that means). But with this one, this is a short-term low. The stock, again, is kind of overbought but it’s back below the 50-day moving average so I want you to think about this. Is this a good time to be buying Microsoft ( NASDAQ:MSFT )? Is this a good opportunity? No! On a short-term basis it doesn’t have a lot of upside, because this is where all the resistance lies, right here. Also, it’s needs to drift way, way, way below resistance, so at least you have an opportunity to make some money.

You don’t really have an opportunity to make some money here. So stay away from Microsoft ( NASDAQ:MSFT ), it’s got an okay dividend, but again, it’s Microsoft ( NASDAQ:MSFT ). Their better days, frankly, at least to me, seem like they’re behind them. The deal was, “Oh, well they’re taking cloud computing, or whatever, really seriously.” Really? Well that ‘s great! Welcome to the new millennium. Anyway, these were just 3 stocks that I saw on CNBC, and on their website so I thought I’d cover them. But doesn’t it make sense to you that with the S&P is not really doing too well that the 3 stocks that I’m looking at are not really going to be stocks that I’m saying buy, buy, buy? Instead, I’m saying just stay away, stay away, stay away; wait for your entry, it isn’t here now. Okay this is my 3 Stock I Saw on TV video series. Watch for them because we’re going to be doing more of them.

3 Stocks I Saw on TV Free Chart