Tag: Credit Suisse
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There’s Still Time to Buy the Dip in Albemarle
“Pay close attention to oversold lithium stocks, like Albemarle (ALB),” we said on July 31. “After dropping from about $240 to $209.13, the ALB stock appears to have caught strong support and could pivot higher again shortly. It’s also oversold on RSI, MACD, and Williams’ %R, and could potentially run back to $240 on the…
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This is Why ChargePoint is Accelerating Today
ChargePoint Holdings (CHPT) is on the move, as hoped. Just days ago, we noted the company posted strong earnings and outlook. For its second quarter, revenue jumped 93% to $108.3 million, which beat expectations for $103 million. It’s also the first time CHPT revenue has been above $100 million. And while gross margins did fall…
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Why Beyond Meat is Sizzling Hot Today
Earlier this month, we highlighted opportunity in Beyond Meat (BYND). At the time, it traded at $63 a share. McDonald’s had just said it was rolling out a test of BYND’s plant-based burgers in 600 stores in Texas. It was also up on news it will release a vegan beef jerky snack as part of…
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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…
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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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Why It May be Best to Wait for Microsoft to Pull Back
Microsoft (MSFT) has been unstoppable. After bottoming out around $280, the tech stock just gapped to $325.70. All thanks to its latest batch of earnings. Revenues were up 22% to $45.3 billion. Operating income jumped 27% to $20.2 billion. Net income came in at $20.5 billion GAAP, and $17.2 billion non-GAAP. Both were up 48%…