On June 13, we noted: “Consolidating at $159, Advanced Micro Devices (AM) could break significantly higher. For one, the artificial intelligence story is still heating up. Two, demand for AMD chips is only expected to gain momentum. Three, analysts at Edward Jones...
Just days ago, we said: "Shares of Nvidia (NVDA) will soon trade at a tenth of its current price tag. Post-split, we don’t expect the stock to stay down for long. With the artificial intelligence boom and powerful earnings fueling momentum, NVDA could easily run right...
Dell (DELL) has become one of the most explosive stocks on the market. After dropping from about $180 to $132 on earnings, the stock is now up to $150.40. From here, we’d like to see it refill its bearish gap at $180 near term. Helping, Bank of America and Morgan...
by Ian Cooper With the AI story showing no signs of slowing, buy semiconductor stocks. According to Precedence Research, the global semiconductor market could be worth about $1.137 trillion by 2033. That’s up from $544.78 billion in 2023. Two, until the AI boom...
After plummeting from about $77.50 to a low of $60.64 on weak guidance, Shopify (SHOP) has become incredibly oversold. Helping, analysts at JMP Securities just upgraded the stock to an outperform rating, with a price target of $80. “Our upgrade is driven by the...
One of the best ways to protect your portfolio is with a high-yielding stock, most notably a yielding real estate investment trust (REIT). Especially if it’s seeing respectable insider buying. Look at AFC Gamma (AFCG), for example. A cannabis REIT, it’s already...
On June 10, we noted, “Post-split, we don’t expect the stock to stay down for long. In fact, with the artificial intelligence boom and powerful earnings fueling momentum, NVDA could easily run right back to $1,000 in a few months.” At the time, NVDA traded at $120....
Consolidating at $159, Advanced Micro Devices (AM) could break significantly higher. For one, the artificial intelligence story is still heating up. Two, demand for AMD chips is only expected to gain momentum. In fact, according to AMD’s CEO, the company expects to...
On April 28, we noted, “Keep an eye on solar stocks, like First Solar (FSLR). FSLR is consolidating around $178 a share. From here, we’d like to see it retest $200 a share near term.” At the time, FSLR traded at $177. Today, it’s up to $289 and could see higher highs....
by Ian Cooper With hurricane season nearing, it’s time to consider storm-prep stocks, we said in late April. We added, according to The Weather Channel, the 2024 hurricane season could be one of the most active on record. “The outlook issued on Thursday calls for 24...