On May 17, we noted: “After slipping from about $227 to a low of $141.16, Advanced Micro Devices (AMD) is starting to bounce back strong. Last trading at $162.37, we’d like to see it initially retest $180 near term. Helping, analysts at Jefferies just initiated...
On April 28, we noted, “Keep an eye on solar stocks, like First Solar (FSLR). Over the last few days, President Biden unveiled a $7 billion grant for solar power under the Inflation Reduction Act.” At the time, FSLR traded at around $177. Today, it’s up to $282...
by Ian Cooper Always keep an eye on stock splits. After all, they make expensive, sought after stocks far cheaper for retail investors that may have missed out on the prior run. In addition, according to Bank of America analysts, stock splits are typically bullish for...
With hurricane season about to start, keep an eye on generator stocks, like Generac (GNRC). While the stock has already jumped from about $125 to $148.63, it could race higher on demand. After all, the 2024 storm season is already being forecast to be a bad one. The...
Keep an eye on oversold shares of Target (TGT). After gapping from about $155 to $144 after guiding below estimates, it appears to have caught strong support. It’s also over-extended on RSI, MACD, and Williams’ %R. However, the company did note that it is...
With the latest tariff news, keep an eye on mining stocks, like MP Materials (MP) – especially with the latest tariffs on permanent magnets and other critical minerals. As noted by The White House: Tariffs on some steel and aluminum products will jump from a...
Keep an eye on Boyd Gaming (BYD). After missing earnings, its stock plummeted from about $64 to just under $53. It’s now oversold at triple-bottom support dating back to late 2022. It’s also over-extended on RSI and MACD. From its last traded price of $55.13, we’d...
Ian Cooper Biotech stocks offer some of the most explosive opportunities. That is, if you spot the right ones. For example, some the hottest ideas can be found in weight loss drugs, cancer treatments known as ADCs (antibody-drug conjugates), and in gene-editing. Look...
The weight loss drug treatment market has been explosive. Eli Lilly (LLY), Novo Nordisk (NVO) and Viking Therapeutics (VKTX) are all pushing aggressively higher because of it. Even better, the industry shows no signs of slowing, with Goldman Sachs saying the market...
This is exactly why you should never buy into blind-momentum meme stocks, like AMC. As we noted on May 14, “Over the last few days, shares of AMC Entertainment (AMC) soared from a low of $2.90 to a high of $11.88. All as Roaring Kitty sparked a flurry of meme...