Category: Archives

  • Tesla Could Race Back to $1,250, Near-Term

    Tesla Could Race Back to $1,250, Near-Term

    Weakness in Tesla (TSLA) may be an opportunity. After a brief pullback, the EV stock appears to have caught strong support, and could push aggressively higher. Helping, “Morgan Stanley analyst Adam Jonas raised the firm’s price target on Tesla to $1,300 from $1,200 and keeps an Overweight rating on the shares. The analyst said Q4…

  • Insiders are Aggressively Buying these Stocks

    Insiders are Aggressively Buying these Stocks

    One of the best ways to spot potential opportunity is with insider buying. After all, who knows the company better than an insider? Look at Docusign Inc. (DOCU) for example. Over the last month, DOCU gapped lower after the company said Q4 revenue would come in between $557 million and $564 million, which is below…

  • Take Two is Buying Farmville Creator for $12.7 Billion

    Take Two is Buying Farmville Creator for $12.7 Billion

    Take Two is buying the Farm. Earlier today, Take Two Interactive (TTWO) said it was mobile gaming company, and Farmville creator,  Zynga (ZNGA) for $12.7 billion in cash and stock. “Take-Two said Zynga shareholders will receive $3.50 in cash and $6.36 in Take-Two stock for each share of Zynga outstanding at the closing of the…

  • Dick’s Sporting Goods Racing Higher on Guidance

    Dick’s Sporting Goods Racing Higher on Guidance

    Dick’s Sporting Goods (DKS) could see higher highs. After running from about $50 to a current price of $109.85, DKS could retest prior highs of about $140.  All after analysts at Cowen raised their price target on the stock following better than expected earnings guidance. Now, for the fourth quarter, DKS now expects to see…

  • The Top Chip Stocks to Buy and Hold for 2022

    The Top Chip Stocks to Buy and Hold for 2022

    Chip shortages are only getting worse. Intel CEO Pat Gelsinger says the shortage won’t end until 2023.  “We’re in the worst of it now, every quarter, next year we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023,” he said, as quoted by the Independent. Stellantis CEO Carlos Tavares says the…

  • Lithium Prices Could Soar Another 30% This Year

    Lithium Prices Could Soar Another 30% This Year

    Lithium prices could jump another 30% before year end. That’s according to SQM (SQM), the world’s largest lithium miner, as noted by Kitco.com. All as strong demand for electric vehicles gains momentum. “In the lithium business we have only see positive news over the past few months. We saw a strong demand growth for electric…

  • Weakness is an Opportunity with Roblox Corp.

    Weakness is an Opportunity with Roblox Corp.

    Keep an eye on Roblox Corp. (RBLX). One, after gapping lower on disappointing monthly user growth and booking metrics, the stock appears to have bottomed out.  Not only did RBLX catch double bottom support, it’s starting to pivot from oversold reads on RSI, MACD, and Williams’ %R. Two, RBLX is the closest thing to a…

  • Enphase Energy (ENPH) May Be a Steal on Weakness

    Enphase Energy (ENPH) May Be a Steal on Weakness

    Enphase Energy (ENPH) may be a steal of weakness. After plummeting from about $280 to $173, the stock appears to have caught strong double bottom support. Helping, the stock is also severely oversold on RSI, MACD, and Williams’ %R. The last few times the stock became this technically oversold, it bounced back nicely.  In October…

  • It’s Not Time to Buy the Shopify Fear Just Yet

    It’s Not Time to Buy the Shopify Fear Just Yet

    Keep an eye on Shopify (SHOP). At the moment, the stock is getting crushed after Goldman Sachs’ analyst Gabriela Borges initiated coverage of the stock with a neutral rating. While “she says the company is well-positioned long term, but she sees near-term headwinds. For one thing, Borges says that a recent slowing of gross-merchandise-value growth…

  • Beyond Meat is a Solid Long-Term Opportunity

    Beyond Meat is a Solid Long-Term Opportunity

    Beyond Meat (BYND) is pushing higher on heavy volume. At the moment, the stock is up $4 on volume of 4.9 million shares, as compared to daily average volume of 3.24 millio. For one, severely beaten down shares are just starting to pivot higher from support dating back to May 2019.  Two, long-term, BYND could…