Keep an eye on Advanced Micro Devices (AMD). After slipping from about $180 to $140, the tech stock just caught support dating back to early May. It’s also over-extended on RSI, MACD and Williams’ %R and could pivot higher shortly – especially with the artificial...
On Thursday, August 1, MicroStrategy (MSTR) will split 10:1. While it won’t change any of the company’s fundamentals, it will make the stock far more attractive at a lesser cost to more investors. If we use Friday’s closing price of $1,752, the 10:1 split would bring...
With tight supply and growing demand for nuclear energy, uranium stocks like Cameco (CCJ) could push even higher. For one, supply could get even tighter, with the Russian uranium ban starting on August 11. Two, according to Swiss Resource Capital, about 90 new nuclear...
First Solar (FSLR) is looking attractive again. For one, Morgan Stanley just said, “The risk of Republicans repealing the IRA is overblown. Some 90% of the investment dollars under the IRA have gone to GOP-controlled districts, which has created bipartisan support,”...
Keep an eye on Skechers (SKX). Over the last few weeks, the stock dropped from about $75 to a recent low of $64.20, where it appears to have caught support. It’s also oversold on RSI, MACD and Williams’ %R. Helping, Morgan Stanley just upgraded SKX to an overweight...
by Ian Cooper Crisis has become an opportunity for beaten-down lithium stocks. For one, according to Exxon Mobil, “the world urgently needs more lithium than it’s producing today.” Two, we’re just starting to see electric vehicle sales bounce back. In fact, according...
Fear has become an opportunity for Nvidia (NVDA). After catching support at its 50-day moving average, Nvidia is just starting to pivot higher again. From its last traded price of $123.07, we're looking for NVDA to again test $140. Helping, analysts at Piper Sandler...
Keep an eye on Starbucks (SBUX). After finding double bottom support at around $72, the stock is just starting to pivot higher. Helping, The Wall Street Journal just reported that activist investor Elliott Investment Management bought a significant stake in the...
If you’re looking for some of the best stocks to buy now, check out gold. After testing an all-time high of $2,480.75, the metal could easily test $2,500, even $3,000 this year. All on hopes the Federal Reserve will cut interest rates this year thanks to growing...
Share of Broadcom (AVGO) just split 10:1, bringing its stock price down to $169. While the split won’t impact the stock fundamentally, it is far more attractive to more investors at this lower price. As noted by Seeking Alpha, analysts at TD Cowen “added that there...