by Ian Cooper Artificial intelligence (AI) stocks are exploding, as hoped. For one, according to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. Two, according to Marketing AI Institute,...
Palantir (PLTR) is on the move, as hoped. As we noted on May 9, “At the moment, Palantir Technologies (PLTR) is gaining a good deal of momentum. All thanks to earnings, expectations for profitability, and artificial intelligence. In its latest quarter, the company...
Keep an eye on Plug Power (PLUG). After a vicious pullback, the stock is showing big signs of life again. In fact, over the last few days, PLUG ran from about $8 to $9.55 and could push even higher. That’s thanks in part to the news it will supply Energy Vault...
Apple (AAPL) is still hitting new highs -- and could push even higher. All thanks in part to its new products and updates, including its very expensive mixed-reality headset. “Apple’s headset, according to reports, will feature high-definition screens in front of the...
Advanced Micro Devices (AMD) continues to push aggressively higher. As we noted on March 20, “The stock now sits at $97.84 – and could soon hit our $100 target.” However, it did even better than that. Thanks to Nvidia’s powerhouse earnings, shares of AMD are pushing...
Keep an eye on oil stocks, like Exxon Mobil (XOM). Oil is on the move after Saudi Arabia’s decision to cut oil production by another million barrels per day starting in July. “The market did not widely expect the Saudi decision to cut production by 1 million barrels...
On May 31, we noted, “Shares of LYFT (LYFT) have become wildly oversold on poor earnings and guidance. However, the stock is showing signs of life these days. In fact, even RSI, MACD, and Williams’ %R are starting to push higher. We should also note the last time...
With gold prices on the move, keep an eye on Barrick Gold (GOLD). After dropping from about $20.50 to $16.88, the gold stock has become severely oversold. Even RSI, MACD, and Williams’ %R are all deep in oversold territory. The last time this stock became this...
On May 24, we noted, “We believe it could push aggressively higher, near-term. In fact, we’d like to see AI retest its prior high of about $34 shortly. Helping, Goldman Sachs just said generative AI could raise global GDP by 7% over the next 10 years.” At the time,...
Shares of LYFT (LYFT) have become wildly oversold on poor earnings and guidance. However, the stock is showing signs of life these days. In fact, even RSI, MACD, and Williams’ %R are starting to push higher. We should also note the last time LYFT became this...