With the potential for a bigger war in the Middle East, keep an eye on defense stocks, such as Boeing (BA). Not only has the BA stock become aggressively oversold at $185.60, but it’s also over-extended on RSI, MACD, and Williams’ %R. Plus, should the latest war...
by Ian Cooper Gold is quickly regaining its shine. In fact, depending on what happens in the Middle East, the yellow metal could easily push past $2,000, even $2,500 in the near term. All with Iran now warning of further escalation, and the U.S. sending another...
Keep an eye on Dollar Tree (DLTR). Oversold, it’s just starting to come back strong. It’s also reversing from over-extensions on RSI, MACD, and Williams’ %R. From a current price of $110.10, we’d like to see it initially test $115 again soon. Helping, Goldman Sachs...
Tensions are escalating in the Middle East. With Israel hunting for Hamas, Iran threatening to come into the battle, and the U.S. now sending a second carrier to the region, the situation could get far worse. One of the stocks that could push higher on the...
With the Middle East conflict intensifying, gold prices are exploding. Last checked, gold was up another $61 to $1,932.28 – and could push even higher. All with Iran now warning of further escalation, and the U.S. sending another carrier to the region. "The situation...
First Solar (FSLR) looks attractive. Oversold, analysts at Barclays just upgraded the stock to an overweight rating. At the moment, they believe the FSLR stock trades at a sizable discount to competitors. “In an environment where there is uncertainty around the...
Keep an eye on Qualcomm (QCOM). QCOM is also getting caught up in the artificial intelligence boom, which – thanks to Nvidia earnings – could become even more explosive. Qualcomm also says AI is coming to your phone soon. As noted in a recent press release, “Qualcomm...
Keep an eye on oversold shares of Electronic Arts (EA). After finding strong double-bottom support, the stock is just starting to push higher. From its current price of $124.59, we’d like to see it eventually refill its bearish gap at $136. Helping, Bank of...
by Ian Cooper With Israel at war, oil prices are starting to gush higher. And unless the situation can cool off – which doesn’t seem likely at this point – there’s fear the situation could get far worse than it is now. For one, if Iran was also involved in the attack,...
If Iran had a hand in the Israeli attacks, the latest war could become far more explosive. According to Eurasia Group’s Ian Bremmer, as quoted by CNBC, “If it is found that Iran helped to plan these attacks by Hamas, that would be a game changer and would...