Keep an eye on Lyft Inc. (LYFT). After a rough few months, the stock is showing big signs of life again. For one, the company has new CEO David Risher, as of April. Two, he appears very bullish, buying 100,000 shares of LYFT for just over $1.1 million. Three, the...
Markets are definitely getting softer as Inflation continues to keep its grip on higher consumer prices and as interest rates don't show any sign of relief. In fact mortgage rates hit a 50 year high. But we talked about a way to exploit the fear and the herd mentality...
Keep an eye on homebuilder stocks, like KB Home (KBH). At the moment, the stock is consolidating around $53. From here, we’d like to see it break higher with a near-term test of $60 a share. While we’re not sure why they were buying (the firm doesn’t disclose), we can...
Apple (AAPL) looks interesting. After gapping from about $195 to $179.46, the stock appears to have caught strong support. Plus, it’s severely over-extended and oversold on RSI, MACD, and Williams’ %R. From its current price of $179.46, we’d like to see it initially...
by Ian Cooper With millions of students heading back to school in just weeks, it’s time to pick up bargain retail stocks, including Target (TGT), we said just weeks ago. For one, consumers are expected to spend up to $41.5 billion for back to school gear, which should...
As I was looking through charts this morning to spot the rubber band, snap back set up in GPC, I thought about all of the work it took me to nail down my process. If I'd have had access to someone to show me the ropes and let me in on the simple tips that made...
Crisis may lead to opportunity for Roblox (RBLX). After gapping lower on earnings, the stock has become over-extended on RSI, MACD, and Williams’ %R. Plus, it appears most of the earnings negativity has been priced into the stock. Helping, Morgan Stanley just raised...
Keep an eye on oversold shares of Air Products & Chemicals (APD). After gapping lower on earnings, the stock has become technically oversold. For one, APD is now technically oversold on relative strength (RSI), MACD, and Williams’ %R. Two, the last time APD...
Gold prices, and stocks, like Barrick Gold (GOLD) could push higher. All with central banks around the world loading up on the metal. “Despite a year-on-year decrease of 103 tons in purchases during the second quarter, net purchases by central banks worldwide...
Keep an eye on DraftKings (DKNG). This morning, analysts at Truist upgraded the DKNG stock, noting it has a clear path to profitability. Wells Fargo also upgraded the stock to overweight, with a price target of $37 a share, noting, ““We learned a lot last week: DKNG...