by Ian Cooper Solar stocks could race even higher. All thanks to interest rate cuts. Over the last days, the Federal Reserve cut interest rates by a half-point in a move that should bring some financial relief to households and businesses, including solar. With the...
Keep an eye on FedEx (FDX). After gapping from about $308 to $253.50, the stock is just starting to pivot higher. It’s also starting to pivot from over-extensions on RSI, MACD and Williams’ %R. From its last traded price of $273, we’d like to see a near-term gap...
Keep an eye on Sunrun (RUN). After pulling back to $18.22, the solar stock appears to have caught strong support. From here, we’d like to see it initially retest $21.77. Helping, the Federal Reserve cut interest rates by a half-point in a move that should bring some...
On September 11, we noted, “With a yield of just over 6%, Innovative Industrial Properties (IIPR) is a commercial mortgage real estate investment trust (REIT) that provides financing to the cannabis industry. While cannabis is still a controversial investing topic,...
Keep an eye on Southwest Airlines (LUV). The airline stock is just starting to pivot higher after the company raised its third-quarter revenue forecast, announced a $2.5 billion share buyback, and detailed plans to change its business model as it attempts to prevent...
Keep an eye on Newmont Mining (NEM). With gold at record highs, and showing no signs of cooling off, stocks like NEM could see higher highs. Fueling upside are economic uncertainties, especially with consumer confidence sinking, nearing presidential elections, dovish...
Keep an eye on Walmart (WMT). After a recent dip to $77.49, the stock is just starting to pivot higher again. Last trading at $80.33, we’d like to see it test $85 initially. Helping, analysts at Truist just upgraded the retailer stock to a buy rating, noting that...
by Ian Cooper With geopolitical tensions boiling, investors may want to consider defense stocks. Ukraine just launched a massive drone raid on an ammunition facility in Russia. And, according to Kyivpost.com, it “was likely the most damaging long-range attack launched...
On September 6, we said, “Nvidia (NVDA) is looking interesting again. After plummeting from about $130 to $106.21, the tech giant has become technically oversold. It’s also over-extended on RSI, MACD and Williams’ %R. Helping, Bank of America just reiterated NVDA as a...
Keep an eye on Summit Therapeutics (SMMT). Co-CEO and Executive Chairman Robert Duggan just bought $75 million worth of SMMT at an average price of $22.70 a share. Summit Therapeutics Inc. is a biopharmaceutical oncology company focused on the discovery, development,...