Carter Worth - Cornerstone Macro

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Last quote by Carter Worth

This great winner is at a difficult level. The stock has broken out to new highs, but it could never make a relative high [to the S&P 500].feedback
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Aug 14 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Carter Worth is associated, including CCL and Google. Most recently, Carter Worth has been quoted saying: “We just stuck our head up above [resistance], we just got a breakout.” in the article Why one technician is buying the banks ‘for the first time all year’.
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Carter Worth quotes

Jun 12 2017

We know that over time, small caps outperform large caps. That's because new innovative things outperform big, clunky things like IBM and Procter & Gamble.feedback

Jun 12 2017

Here is the tight range of the Russell 2000, and it's about 6 months in the making. It's only happened one other time in the history of the index … and the last time it was resolved by a huge explosion on the upside. I think that you've got a better bet [in small caps] than you do in some of the very extended super-cap names, and I think you want to be along IWM. … I'd rather be here than [in the] S&P.feedback

Jun 06 2017

If you look at the long-term chart and the lows of 2009 and the peaks of 2000 and 2007 and do a measured move off those tops of $1,575 really it starts to imply not much more than 2,480. All year long has it been right to offensive or defensive? Offensive is buying cyclicality and yet cyclicality is underperforming: financials, industrials, energy. What's performing is defensive, which is growth.feedback

Jun 05 2017 - Amgen

What we know about biotech is it was the leading single place you could be from 2011 to 2015. This is arguably the single best-performing equity over the past 30 years. It's ready to go again, having rested for two or three years. To my eye we are going to explode out to the upside.feedback

Jun 05 2017 - Amgen

I think big gains … and a setup for a powerful advance from the No. 1 stock ever.feedback

May 15 2017

All you can do this week is get right back to the scene of the crime. It's not random, and it's stuck. The question is, is this some great opportunity? It's just a rebound in an ongoing problem.feedback

May 15 2017

The question is, did anything really change? Is crude just like every other time over the past year, just rebounding after a big sell-off? I really do think that's what it is. [It's a] disaster. We know the [energy] sector over the last 5 years bounced off the low, it's a big move up, and the reality is it's making new 13-year lows [relative] to the market. It is a well-defined trend [downward] … I want to be underweight energy. I want to be short energy.feedback

May 01 2017 - Facebook

If I had to pick between Apple and Facebook, I'm going Facebook. Stick with the bullish bet on Facebook.feedback

Apr 24 2017

I think you get a break here … I'm looking for a move to these lows at $30.feedback

Apr 24 2017

[The] Consumer Discretionary [sector] has been underperforming [the overall market] for the last year, and autos within the Consumer Discretionary are a real mess. He added that the autos are the single worst area to be invested in in the consumer space. We have essentially moved back to the 2000 peak, and now we've started to roll [lower], and that's not a good setup. As the index has gone up … relative performance [to the S&P 500] is poor. As we've gone higher, you've actually been making new five-year relative lows to the market. It's really bad. Sell [it].feedback

Apr 10 2017

[The] financials outperformance peaked in December. It doesn't look like it's going to get any better [for the financials] ... it's just a bad place to be.feedback

Apr 03 2017 - Facebook

FANG, plotted equal weight, broke out to a new high, and yet they have not made a new relative high since November. They have underperformed the market for 5 months straight. [But] the day-to-day [moves] are quite steep, so I'm making the bet that you're coming off [of the top]. I want to fade this. … Sell Facebook.feedback

Apr 03 2017 - Facebook

It's a popular stock, it's a super cap name, and it's come a long way.feedback

Mar 06 2017

[My bet is] that we're going to move lower here.feedback

Feb 13 2017

We've broken above the downtrend ... and then we've reasserted ourselves again. Freeport has rallied nearly 200 percent in the past 12 months.feedback

Jan 09 2017

There's a phenomenon where people don't spend on things but rather on experience. Here's the best part. When it was [trading at $58.98] in 2005, it had a PE of 25. Now it has a PE of 15. I think it's a way to play the consumer. It acts right relative. It has the long-term opportunity of having being an underperformer. We would be a buyer of CCL.feedback

Jan 03 2017

This spread has only happened two other times since 1990, and usually it's quite right to bet for convergence. I think you want to be contrarian here and buy health care.feedback

Nov 21 2016

That's exactly $14.50 – $14.50 is half of $29. So that is a 50 percent retracement. It's not random that it stopped exactly there and bounced back.feedback

Nov 21 2016

I'm going to make the bet that the bounce is going to continue. I'm going to be long Apple.feedback

Nov 21 2016

To me, this looks like [Apple is] going to move higher.feedback

Oct 24 2016

It means that after all this steepness, we're not actually still making relative highs on the market on a one-year basis.feedback

Oct 21 2016 - Microsoft

Typically after a move like this, you get follow-through, Closing Bell.feedback

Oct 17 2016

If the market is in trouble, even as bad as [utilities stocks] have been, they're likely to offer alpha and outperformance.feedback

Sep 26 2016

That's where the future is. [Drilling wells are] where people make 18-month decisions or two-year decisions.feedback

Sep 12 2016

Home Depot is so far above other consumer discretionaries. You have long-term outperformance, and now more recent underperformance. Not a good setup.feedback

Sep 12 2016

You have a stock that attempted to make new highs and yet [is now] underperforming equities.feedback

Jul 23 2016

So you could draw your lines anyway you want. You have a break in trend, and I don't think this is quite finished yet.feedback

Jul 23 2016

I think we're going lower, and crude looks to my eyes like it's heading back to $40.feedback

Jul 23 2016

Well, guess what happens this time? We're having literally a perfect match.feedback

Jun 27 2016

We had what would be called an outside reversal day where the high and the low were higher and lower than the proceeding day, and then we close poorly. That is often the beginning of something, a negative on a day-to-day, week-to-week basis.feedback

Jun 20 2016 - Microsoft

In a world where things are bought and sold and rotation is the issue, not so much valuation, this is a little bit of a spread that maybe suggests Facebook is going to go the way of Microsoft and Google.feedback

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