With gold quickly approaching $2,200, keep an eye on Newmont Mining (NEM). At the moment, it’s consolidating at $34. But with gold on the run, we believe NEM could break significantly higher from here. For one, safe-haven demand for gold continues to be supportive...
by Ian Cooper Bitcoin is up again. Last checked, it’s up another $511.30 to $70,409.80. All thanks to the upcoming BTC halving event on April 20, high demand for Bitcoin ETF, and the fear of missing out (FOMO). From here, it could see $100,000 by September, says Rich...
“Keep an eye on Viking Therapeutics (VKTX) again,” we said on March 14. “The first time we mentioned VKTX here, it traded at around $36.20. Weeks later, it would rally to about $100 on obesity drug trial data. Now, after pulling back on a competitor’s obesity...
Over the last few weeks, shares of Roku (ROKU) plummeted from about $95 to $63.58. All thanks to its forecast. The good news for ROKU is that it did reach 80 million active accounts – an increase of 14% year over year. Also, while it did record a loss of $78.3...
Keep an eye on Snowflake (SNOW). After diving from about $230 to less than $158 on poor guidance, SNOW has become aggressively oversold. And, according to retiring CEO Frank Slootman, “I mean, I’m chuckling here. We had an exceptional quarter... The thing you should...
As we get closer to the 2024 presidential election, we’ll hear more about key issues such as infrastructure from both camps. After all, the U.S. is in desperate need of repairs. At the moment, America’s infrastructure is graded a C-, which is an improvement. ...
With copper prices pushing higher again, UBS analysts say the rally is just getting started. In fact, “they continue to believe copper is structurally undersupplied and advised investors to stay long, with tightness in the copper concentrate market building up, as...
by Ian Cooper As we get closer to the 2024 presidential election, we’ll hear more about key issues such as infrastructure from both camps. After all, the U.S. is in desperate need of repairs. At the moment, America’s infrastructure is graded a C-, which is an...
Keep an eye on Apple (AAPL). After dropping from about $195 to a low of $168.49, the tech giant appears to have caught strong triple-bottom support dating back to September. The stock is also technically over-extended on RSI, MACD, and Williams’ %R. From its current...
Oil stocks, like Exxon Mobil (XOM), could push even higher. All as oil prices continue to gush higher. Last trading at $80.80, oil could approach $90 on a few key catalysts. For one, according to the International Energy Agency (IEA), we’ll see a slight supply deficit...