Tag: Morgan Stanley

  • Weakness in Apple is Still an Opportunity

    Weakness in Apple is Still an Opportunity

    Apple (AAPL) is just starting to come back. After falling from about $199.62 to a recent low of $180.17, the oversold tech giant is now back at $186.56. From here, we’d like to see it refill its bearish gap around $192.50 initially.  It’s also just starting to pivot higher from over-extensions on RSI, MACD, and…

  • This Chinese Stock Could Rally 80% in 2024

    This Chinese Stock Could Rally 80% in 2024

    Over the last few days, shares of Netease.com (NTES) gapped from $105 to $87.64. All after Chinese regulators introduced regulations to reduce spending, and cut incentives that promote excessive gaming. According to Benzinga, “The new rules prohibit online games from offering rewards for daily logins, first-time spending, or consecutive purchases – typical features in many…

  • Don’t Rush to Buy Apple Just Yet

    Don’t Rush to Buy Apple Just Yet

    Apple (AAPL) could see higher highs after its next pullback. All on potentially strong iPhone sales, says Wedbush analyst Dan Ives. According to Ives, as quoted by Barron’s, “With roughly 240 million iPhones in the window of an upgrade opportunity globally now at play for iPhone 15 and Services re-accelerating into FY24 we view this…

  • This is Why Target (TGT) is Up More than $20

    This is Why Target (TGT) is Up More than $20

    Back from the dead, Target (TGT) exploded. Last checked, the retailer was up about $20 a share to $130.86 and could head higher.  Not only were earnings better than expected, but the holidays are just around the corner again. TGT topped Wall Street’s quarterly sales expectations and blew past earnings estimates, as purchases in high-frequency…

  • Nvidia (NVDA) Starting to Pivot from Support

    Nvidia (NVDA) Starting to Pivot from Support

    Keep an eye on Nvidia (NVDA). After dropping from about $500 to $410, the tech stock appears to have found strong double-bottom support.  From its current price, we’d like to see it again challenge $500 with the AI boom still red-hot. Also, if you pull up a two-year chart of NVDA, you can see it’s…

  • Oversold Shares of Nvidia Could Test $480 Again Soon

    Oversold Shares of Nvidia Could Test $480 Again Soon

    After a brief pullback, shares of Nvidia (NVDA) are just starting to push aggressively higher. Today alone, the NVDA stock tacked on another $29 of upside. Yet, it’s still technically oversold, and could easily see further upside.  In fact, we’d like to see it retest $480 again shortly. Helping, Morgan Stanley just said the decline…

  • Why It’s Time to Buy Roblox on Pullback

    Why It’s Time to Buy Roblox on Pullback

    Keep an eye on Roblox (RBLX). Over the last few days, the gaming stock plunged from about $37 to $30.51 on earnings. In its second quarter, the company posted a net loss of 46 cents, as compared to expectations for a loss of 44 cents. Bookings were $780.7 million, up from $639.9 million a year…

  • One of the Top Sectors to Invest In for 2023

    One of the Top Sectors to Invest In for 2023

    Keep an eye on hydrogen stocks, especially Plug Power (PLUG). According to UBS analyst Manav Gupta, the stock is a buy and could see $26 a share. “Hydrogen could be a $10 trillion market by 2030, and PLUG aims to be a one-stop shop and market leader in the entire space,” Gupta said, as quoted…

  • One of the Top Hydrogen Stocks to Consider

    One of the Top Hydrogen Stocks to Consider

    Plug Power (PLUG) is on the move. Up about 10% on a volume spike to 17.66 million shares, as compared to the daily average volume of 16.8 million, the stock could see higher highs this year. For one, Nikola just received a letter of intent for an order of 100 Class 8, heavy-duty Nikola Tre hydrogen…

  • Why Dollar General May be Worth Buying

    Why Dollar General May be Worth Buying

    With inflation on the run, watch Dollar General (DG). Typically, it’s a solid stock when inflation runs amok, and when markets pullback. According to CNN, “Middle-income and wealthier shoppers, pinched by inflation, are shopping more at Dollar General for essentials and discretionary items. Dollar General CEO Todd Vasos said the retail giant has been attracting customers…