Keep an eye on the Global X Lithium ETF (LIT). Over the last few days, the LIT ETF found double bottom support at $62.37. From here, we’d like to see the ETF refill its bearish gap around $68 a share. All because the lithium boom shows no signs of cooling off. ...
Investors may want to play close attention to Mobileye Global (MBLY), we noted on Nov. 14. Intel CEO Pat Gelsinger was buying heavily at the time. In fact, on October 28, he picked up 120,000 shares for $2.5 million. On October 28, MBLY CEO and President...
Keep an eye on Okta (OKTA). After Cowen analysts upgraded the stock to an outperform rating from market perform, with a $70 price target, the stock took off. Last checked, it was up $6.82, or about 10% on a volume spike to 7.9 million shares, as compared to...
With March Madness just days away, keep an eye on gambling stocks. That includes DraftKings (DKNG), which just caught double bottom support around $18 – and could see higher highs. Last year, according to the American Gaming Association, more than 45 million people...
With oil prices expected to gush higher, it’s time to buy pullbacks in oversold oil giants. For one, Russia is expected to cut its supply by 500,000 bpd in March. All after imposed price caps on Russian oil and oil products. Two, with China reopening, oil demand is...
by Ian Cooper With oil prices expected to gush higher, it’s time to buy pullbacks in oversold oil giants. For one, Russia is expected to cut its supply by 500,000 bpd in March. All after imposed price caps on Russian oil and oil products. Two, with China reopening,...
Always pay close attention to insider buying. Especially after a rock-solid stock has been taken down too far, too fast. Look at Devon Energy (DVN), for example. After posting less than impressive earnings, DVN gapped from about $64 to $52.45. While it has since...
Investors may want to take advantage of pullbacks in lithium stocks, like Albemarle (ALB). That’s because the bull market alive and well, and is only set to accelerate. All with global demand for lithium batteries expected to jump five-fold by 2030, according to...
We’ve made quite a few recommendations on Tesla (TSLA) so far. Now, we’re doing it again. In fact, as the company nears its investor day on March 1, analysts say it could push higher – especially if it offers clarity. According to Deutsche Bank, “We believe that...
We wouldn’t rush to buy the pullback in Home Depot (HD) just yet. In fact, you’ll be safer if you wait for confirmation of potential trend change. That’s because if the HD stock fails to hold $299.31, there’s no real support until $285. Also, from my viewpoint,...