Investments

Stocks This Week: Buy Nike And Autodesk

The coming week is OPEX (options expiration week). December OPEX has been one of the most bullish such weeks as depicted by the histogram of expected return below.   

Stocks This Week: Buy Nike And Autodesk

S&P 500 In OPEX Week in December

Cycles Research Investments LLC

The coming week will be followed by the Christmas rally. These influences will likely push the markets higher into January 10th.

The Nike weekly cycle bottoms on the 18th and tops on January 29th. All five buy signals have been successful in the prior year. Between December 15th and January 1st, this stock has risen 68% of the time. The average low in the month of December has been on the 10th in any year so downside appears limited. The stock has been especially strong in OPEX week in this month, adding about 2.7% since 1985. This cycle strength points to a positive earnings surprise when Nike reports on the 19th. The stock is likely to rally to the $105-$110 area in January.

Chart 1

Stocks This Week: Buy Nike And Autodesk

This accurate cycle bottoms this week.

Cycles Research Investments LLC

Chart 2

Stocks This Week: Buy Nike And Autodesk

The stock has strong relative strength.

Cycles Research Investments LLC

The weekly Autodesk cycle turns up on the 18th and tops on January 16th. This share price has followed its cycle well in the last year. All six buy signals have been profitable. The stock will likely rise to the $190-$200 area.

Chart 3

Stocks This Week: Buy Nike And Autodesk

This strong cycle hits a low this week.

Cycles Research Investments LLC

Chart 4

Stocks This Week: Buy Nike And Autodesk

The relative uptrend is intact.

Cycles Research Investments LLC

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