Sell

Whirlpool Corp. (WHR) has continued to make lower lows since failing to take out resistance at $200 on several occasions last summer. WHR is a durable-good laggard; down 10% year-to-date, 16% during the last 12 months and sports a dividend yield of 3%. Earnings momentum is going the right way with back-to-back quarterly gains following quarterly losses of 10.5% (Q3 2017) and 6.3 (Q2 2017).
In the 1968 movie, 2001: A Space Odyssey, the spaceship’s advanced cognitive computer, HAL — which is “foolproof and incapable of error” — suffers a malfunction that leads to the derailment of the mission. International Business Machines Corp. (IBM) has been commonly associated with the naming of HAL (attributable to movie myth), but in reality IBM’s enhanced computer solutions may not be enough to save its mission to drive revenues from its downward trend as a short position.
In the 1968 movie, 2001: A Space Odyssey, the spaceship’s advanced cognitive computer, HAL — which is “foolproof and incapable of error” — suffers a malfunction that leads to the derailment of the mission. International Business Machines Corp. (IBM) has been commonly associated with the naming of HAL (attributable to movie myth), but in reality IBM’s enhanced computer solutions may not be enough to save its mission to drive revenues from its downward trend as a short position.
ITG Investment Technology Group has been a laggard in a sector that is now spiraling lower — not a good combination. ITG is an investment play that is unchanged year-to-date and 3% lower during the last 12-month period. It sports a dividend yield of 1.4%. Earnings momentum has been waning with three straight losing quarters: 1.3%, 14.7% and 3.6% respectively.
Massachusetts-based Biogen Inc., founded in 1978, focuses globally on the research, development and manufacturing of products to combat various neurological and neurodegenerative diseases.
With a market cap of $61 billion, ConocoPhillips ranks as the largest independent U.S. crude oil producer. It announced preliminary 2017 proved reserves of 5.038 billion barrels of oil equivalent after asset sales of 1.904 billion barrels of oil equivalents during the year. Reserves are widely scattered in Alaska, the lower 48 states, Canada, the Asia Pacific Middle East region focused on liquefied natural gas, and in the North Sea and Libya.
We are short shares of Eastman Kodak Company, a 138-year old commercial printing and imaging company whose stock has more than doubled since announcing a blockchain and cryptocurrency licensing partnership.
Check Point Software Technologies (CHKP) is an “old tech” play that has grown by 19% during the last one-year period but is sitting 13% off its 52-week highs. Earnings momentum is weakening with back-to-back quarterly losses of 12.5% and 7.2% respectively.
Stamps.com Inc., the Internet-based mailing and shipping solution provider is sending short signals this holiday season. STMP offers mailing and shipping solutions through the U. S. Postal Service under the Stamps.com and Endicia brands. STMP, formally known as StampMaster, Inc. was founded in 1996 and serves individuals, large businesses, and warehouses.

Snap Inc. (SNAP) has been a reliable short since its overpriced IPO in March (see “The Banana Republic of Snapchat,” MT April 2017).