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 coverage of AMD with a...
Keep an eye on solar stocks, like Sunrun (RUN). For one, as just reported by Carbon Brief, “Wind and solar are growing faster than any other sources of electricity in history, according to new analysis from thinktank Ember. It says they are now growing fast enough to...
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 stock buying activity. Roaring Kitty, or Keith Gill, Gill, “was immortalized in the 2023 film Dumb Money, is...
by Ian Cooper The artificial intelligence story has been explosive. Apple (AAPL) is reportedly nearing a deal with OpenAI to put ChatGPT on iPhones. In fact, as noted by Wedbush analyst Dan Ives: “They expect the OpenAI partnership to be formally unveiled at the...
On May 6, 2024, we highlighted an opportunity in Apple (AAPL). At the time, it traded at $181 a share. Today, it’s up to $185.76 and could push aggressively higher. We’d like to see AAPL initially retest $195. All on the news it may be considering a deal with OpenAI...
Shares of Disney (DIS) appear to be bottoming out. Not only is it holding support at $105.79, but it’s now a bit overextended on RSI, MACD, and Williams’ %R. From here, we’d like to see DIS initially refill its bearish gap at around $117. Helping, former Morgan...
Bitcoin could push aggressively higher this month on two key catalysts. One, according to CoinDesk.com, “May 15 marks the deadline for institutional investment managers to file form 13-F with the Securities and Exchange Commission. If more firms are shown to have...
On April 23, we noted, “Keep an eye on Royal Caribbean (RCL). After a recent pullback, the cruise stock is oversold on RSI, MACD, and Williams’ %R. It also just caught support at its 50-day moving average and is starting to pivot higher.” At the time, RCL traded at...
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...
by Ian Cooper Keep an eye on hot uranium stocks, like Cameco (CCJ). After pulling back to about $47, Cameco just hit $50.73, and could test $60 shortly. That’s because, over the last few days, Congress passed the Russian uranium import ban, which now unlocks about...