Tag: Citi
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Take-Two Weakness Was An Opportunity
“Weakness in Take-Two (TTWO) may be an opportunity,” we noted on April 7. “We have to consider most of the negativity has been priced into TTWO after missing its outlook. And we have to remember that Grand Theft Auto VI will be coming soon, and could see substantial sales just as the other GTA releases…
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Here’s Why Micron Technology Could Race Even Higher
Keep an eye on memory stocks, like Micron Technology (MU). The stock gapped up after Samsung said it would cut memory production, which is seen as a “huge positive” for the industry. “This is a big deal,” said Citi analysts, who remind investors that Samsung has a ~50% market share in the DRAM (dynamic random-access…
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Apple (AAPL) Could be a Big Winner in 2023
Markets have been all over the place these last few days of the year. However, we are seeing opportunities. Look at Apple, for example. After dropping from about $150, the tech stock caught strong double-bottom support dating back to mid-June. RSI, MACD, and Williams’ %R are also oversold at the moment. From a current price…
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PayPal May Have Finally Bottomed Out
The pullback in PayPal may be overdone, we noted on November 9. We also noted: With the pullback from $304.08 becoming overkill, keep an eye on the stock. Even the pile-on of lowered price targets is overdone. Citi lowered its target to $300 from $350 RBC Capital lowered its target to $298 from $322 Baird…
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The Pullback in PayPal May be Overdone
Keep an eye on the PayPal pullback. After racing from a low of $87 in early 2020 to a high of $309.48, the stock fell to a recent low of $204.58. All thanks to its consumer spending concerns, and poor 2022 guidance. For example, the company said fiscal 2022 revenue would increase about 18%, which…
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The Top Ways to Trade the Potential for $2,000 Gold
The gold bull market is back. With the economy in a tough spot, analysts have said we could see $2,500, $3,000, even $5,000 gold. After all, most of the economic issues that supported gold in 2020 have carried over into the New Year. Plus, low interest rates, inflationary pressures, and an easy money policy from…