The stocks that I'm nuts about!

[blindsquirrel]

Considering classic technical Analysis MIDD is NO BUY (lower highs and lows). I prefer to look for a bottom or change in (price) trend.

You could be correct, that's why I'm watching this support level. The next level below it is quite a ways down.

[blindsquirrel]

MIDD is at the 110 level. This is a 52 week low and it has hit this level a few times in the past few years, always was support. I like it at this level and at this price. I am going to keep a close eye on it, but may just load up here. Looking to sell in a year or so.

You are welcome if you bought this one at the 110 range. Up 14% off that price. That is a nice profit. I also think its reaction off that level is a positive and keeps it in my watch list.

[wifwif]

Congrats. Looks that 110 is really a good, valid support. Congrats.

[blindsquirrel]

Updated watchlist, my favorite is on top, least favorite on bottom:

MIDD
UTHR
THRM
BSTC

[blindsquirrel]

I bought some MIDD this month. My average is $129.62. I expect to hold this one through most, if not all of 2018. Its 5 year chart shows a good upward trend, and its 1 year chart is sideways, and I believe it is now sitting at a pretty good support level. This one made it on my watch list because it has low debt, excellent management, and great financials. I bought it because I believe it has a good chance of more than doubling from here. It may come close to the $110 level again and present a great buy opportunity in the next 12 months, but I believe I'll be selling this one over the $200 range in 2019.

[blindsquirrel]

Updated Watch List:
UTHR
MIDD *I own this one
BSTC

I removed THRM for two reasons; price action sucks over the past 6 months, and the other 3 stocks are just that much better options.

[blindsquirrel]

MIDD is at an mildly interesting level now (137). It has been bouncing between 140 and 110 for a while and I believe 2018 will see it break above this level and trend upward. Being impatient, I'd like to see it break above 140 between now and when earnings are reported Feb 26 and get a nice upward trend started for the year.

[blindsquirrel]

I plan to ride out the current volatility with my one position in MIDD. I do have a stop in place, but I was up 5% or so before the sell-off started, so it would have to be pretty epic to clear out my stop order. My experience tells me the volatility will cause a short term drop, but will over-all be a good thing for this particular stock. That's my $0.02

[blindsquirrel]

Yahoo Finance says average earnings estimate for MIDD is $1.51. Earnings report comes out Feb 26. Share price reaction to earnings rarely makes sense to me, but I do want to see good earnings regardless of the price reactions. As I've said before, I believe MIDD will have a very good 2018.

[blindsquirrel]

From Nasdaq.com (MIDD earnings will be released this afternoon):

The Middleby Corporation ( MIDD ) is reporting for the quarter ending December 31, 2017. The machinery company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.48. This value represents a 4.96% increase compared to the same quarter last year. MIDD missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -3.55%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for MIDD is 24.32 vs. an industry ratio of 23.50, implying that they will have a higher earnings growth than their competitors in the same industry.

[blindsquirrel]

MIDD came in at $1.48 per share, meeting consensus expectations. The rest of the numbers were either right on expectations or slightly under. Of course price reaction is insane. It is trading at around $120 as I type. I think it could get back to $110 again before it is right back at the $140 level in the near future. I'm still expecting a break and run above $140 this year. The current price action doesn't concern me at all unless it goes below $110.

https://finance.yahoo.com/news/middleby-apos-midd-q4-earnings-125212490.html

[blindsquirrel]

My stop was cleared out in the craziness that followed earnings and then Trump's trade war comments. I think this one could actually get closer to 100, so I'm going to wait for the right time to enter again (if I do at all). I'm typically pretty cautious about buying back in after getting stopped out. It is a good time to ask myself, "How much do I really want to own this one?" (Talking about MIDD).

I'm all cash again...

[blindsquirrel]

The environment surrounding my favorite company on my watch list has changed with Trump's talk of tariffs (MIDD). See this article for why. With this unknown variable, I am going to move on from this one. I'm going to just run my scans, do my research, and update my list. That sucks.

[blindsquirrel]

My updated watch list.

JAZZ
TYL
BSTC

I've started from scratch with my scans and am beginning to agree with the folks who claim this market is over-bought. We've had a correction this year, but maybe I need another correction to get excited about buying again. Anyway, these are the stocks I'm looking at closer. I don't really like any of them, but they meet my financial and price criteria at the moment. I'm still all cash.

[blindsquirrel]

I'm all cash after buying one of MM's picks. I won't buy one of my scanned stocks until there is a really good reason (like a big price drop). I just ran all my scans and the only one I like that showed up is a new one...

FIVE - chain of stores selling items for $5 and under. Financials look really good and I think it is trading lower than it should be. However, I'm only watching now hoping for some kind of general sell off or other catalyst to drive prices down.

MIDD - I still love this company, but I also think the US political climate makes owning this unpredictable. Let's say Trump gets impeached or resigns or is a 1 term wonder and we have a new President who isn't all about a trade war, this one will be my top pick.