The biotech sector has been under immense pressure. But don’t write it off just yet. Granted, the SPDR S&P Biotech ETF (XBI) dropped from about $105.47 to a recent low of about $92. The iShares NASDAQ Biotechnology ETF (IBB) slipped from about $150 to less...
by Ian Cooper Every year, one of the best strategies is the Dogs of the Dow. You simply buy a basket of underperformers on the Dow that pay dividends, and sell by the end of the year. Here’s how the 2024 Dogs of the Dow are doing so far. With a yield of 3.47%, Amgen...
On October 2, we noted, “For the last several years, the Planet Fitness stock tends to take off around the holidays. It’s even starting to do so again now after plummeting. We saw it take off in late 2020, in late 2021, and again in late 2022. Now, we’re...
The NASDAQ announced changes to the NASDAQ-100, which could boost new additions. That’s because the index is tracked by numerous funds and ETFs, like the QQQs, which will buy added stock to replicate the index. In addition, added stocks will see increased...
Roblox (RBLX) is a bit overbought at the moment. So, we’d wait for a healthy near-term pullback. Longer-term, it’s a standout opportunity. Since bottoming out at around $38 in October, it’s now up to $60.81. Helping, Morgan Stanley just upgraded the RBLX stock to...
With the holidays just weeks away, keep an eye on Amazon (AMZN), we said in late November. At the time, after gapping from about $215 to $200, the stock appeared to have caught strong support again and could easily refill its gap immediate term, we added. Plus,...
It’s been smooth sailing for cruise stocks. Look at Royal Caribbean (RCL) and Carnival (CCL), for example. Both have been soaring on demand. And while both could see near-term healthy profit taking, both could rally even higher over the long-term. Even Norwegian...
by Ian Cooper Some of the best opportunities can be found in cruise stocks. In fact, as we said at the end of October, there’s big opportunity in them all thanks to substantial, growing interest in what many say is the ultimate vacation. As noted by CNBC, “The demand...
Billionaires are jumping into Bitcoin ETFs like the iShares Bitcoin Trust (IBIT). That includes Israel Englander, who picked up about 10.9 million shares of the ETF. David Shaw’s DE Shaw bought 2.6 million shares. Steven Cohen’s Point72 bought 1.7 million. All of...
On November 13, we noted, “After finding support at $220, Apple is attempting to push higher. From its last traded price of $224.23, we’d like to see it initially retest $235. Helping, analysts at Evercore ISI just reiterated Apple’s outperform rating.” At the moment,...