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,...
Keep an eye on beaten-down shares of Super Micro Computer (SMCI). While it is a $440 stock, it’s cheap after plummeting from $1,000. All after a review of internal controls by the board of directors and a delayed annual report. However, according to analysts at...
Keep an eye on beaten-down shares of Intel (INTC). After dropping to $18.51, the tech giant is just starting to pivot higher. It’s also just starting to pivot from over-extensions on RSI, MACD and Williams’ %R. Last trading at $20.91, if it can break above $22...
by Ian Cooper There’s still a good deal of upside ahead for gold. Last trading at $2,612, gold could easily test $3,000 near term. Helping, Goldman Sachs just said that gold has the highest potential for a near-term price increase, as noted by LiveMint.com. "Imminent...
Keep an eye on Tesla (TSLA). Since bottoming out at around $210, the electric vehicle stock has been trending higher. Last trading at $230, we’d like to see it refill its bearish gap at around $250 near term. Helping, analysts at Morgan Stanley just reiterated an...
Keep an eye on real estate investment trusts (REITs). For one, they’re beating the overall market. Two, they have very attractive yields. And three, they’ll be even more attractive with interest rate cuts and an improving real estate market. Look at AFC Gamma (AFCG),...
In early August, we said, “Oversold shares of First Solar (FSLR) look interesting again. After pulling back from about $300 to $216, the solar stock appears to have caught strong support at its 100-day moving average. Plus, it’s starting to slowly pivot higher from...