Hewlett Packard (HPE) CEO Whitman to Step Down, Shares Drop
In a sudden move, Meg Whitman has decided to step down as the Chief Executive Officer (CEO) of Hewlett Packard Enterprise Company (HPE) , leaving the company in the middle of its restructuring phase to cut costs and focus on high-margin businesses.
The move led to deep unrest among investors, causing shares to plunge around 7% on Nov 22.
Meg Whitman leaves behind a fractured Hewlett-Packard with no guarantees
Meg Whitman took over one of Silicon Valley’s most storied tech companies after a disastrous tenure by the previous chief executive, promising a turnaround within five years.
She will leave a little more than six years later, having torn the Hewlett-Packard puzzle into several pieces but accomplishing little else beyond paying off investors and laying off employees. Her successor at the largest chunk of the storied HP, Antonio Neri, will be left to convince investors that the turnaround will eventually take place.
Meg Whitman to leave role as CEO of Hewlett Packard Enterprise, shares tumble 6%
Today's Trading Lesson
I’ve stayed away from talking about Bitcoin because I think it’s too unpredictable. I am not comfortable calling trade setups in a security that can fall 30% in a few hours.
Some traders are doing quite well, especially with short-term ROI, I have stayed away. There is nothing wrong with getting involved, just be aware of what you’re getting into. Bitcoin is highly speculative. Make sure it’s with money you can afford to risk, and lose.
Here is how I would have charted Bitcoin if I was trading it.
Today's Trade of the Day | 11-24-17
ROST-Ross Stores broke a 6 week trading range with a bullish gap. Game planning a breakout to the upside, out of the pause and inside day. Setting a $72.75 buy stop, with a target to sell @ $76.50. Stop loss on a close below $71.50..
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S&P 500 Heatmap
Stocks to Trade | Friday Edition 11-24-17
Bullish Momentum: XNET, NTNX, ROKU, CRZO, WLL, SM, JUNO, QCOM, CPB
Bearish Momentum: bzun, qd
Bullish Order Flow: XNET, DE, JUNO, QCOM, SQ, AMZN, AAPL, DG, SRPT, LULU, DLTR, WMT, TSCO, CCI, PYPL, AVGO, HD, NVDA, COST, ADBE, MA, MAR, WB, LB, CRM
Bearish Order Flow: tsla, eqt, mnk, amgn, evhc, twx, cah, agn
Double Normal Volume: SQ, XNET, QD, BZUN, SIG, CRM, TRIP, DE
Inside Days: xnet, cmcsa, fb, kr, nke, low, tsla, hal, cop, schw, cpm, pm, vlo, aa, ibm, fl, tgt, utx, len, ma, cf, met, rost, unh, wdc, ccl
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