Keep an eye on Immunovant (IMVT). While the stock exploded about $20 higher, analysts believe it could push even higher. All after the company's early-stage data from its experimental antibody treatment – IMVT-402 -- exceeded analysts' expectations. If successful,...
After dropping from about $18 to $14, the stock appears to have caught strong support again dating back to late 2022. It’s also starting to pivot from over-extensions on RSI and Williams’ %R. From its current price of $14.75, we’d like to see it initially test $18...
Cannabis stocks may be highly controversial, but they could soon see higher highs. Look at Tilray (TLRY), for example. After dropping from about $3.40 to $2.40, the stock appears to have caught strong support. Better, there are key catalysts...
Keep an eye on First Solar (FSLR). After pulling back to less than $170, the solar stock has again become oversold. Analysts at BMO Capital Markets also like it here, upgrading FSLR to outperform from a market perform rating, with a price target of $237. “FSLR stock...
Foot Locker (FL) took a beating on lowered outlooks and its dividend suspension. However, it now appears the worst has been priced into the stock, which is now consolidating just above $18 a share. From here, we’d like to see it initially refill its bearish gap...
by Ian Cooper Pay close attention to the global video game market. For one, according to analysts at Newzoo, the global gaming market could generate up to $187.7 billion just this year. For one, highly anticipated titles have been released this year, including...
Keep an eye on 1-800-FLOWERS (FLWS). After a steep drop in the stock, the President of the company just bough 50,000 shares. The CFO and Senior VP bought 30,000 shares. And a company director just bought about 2,000 shares of the stock. While the stock isn’t...
Keep an eye on Lithium Americas (LAC). With a substantial need for lithium, the company believes it uncovered what it believes could be 20 million to 40 million metric tons of lithium below a super volcano in Nevada. It also said it planned to move forward with a dig...
Amazon (AMZN) could see higher highs, with its cloud business picking up steam. That’s according to analysts at Redburn, who have a buy rating on the stock, with a $230 target. “The deceleration has concluded, and the emphasis now shifts to the reacceleration....
Just recently, shares of Amkor Technology (AMKR) collapsed from about $28 to $22.30 on a secondary offering. Now oversold. Earnings haven’t been too shabby either. While revenues slipped 3.3% year over year, its Q2 EPS of 26 cents did beat by five cents. The company...