Tag: Raymond James
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An Insider Just Bet $5.4 Million on this Oversold Stock
Keep an eye on oversold shares of Coty Inc. (COTY). After diving from about $12.50 to $9.67, the stock appears to have caught strong support. It’s also over-extended on RSI, MACD, and Williams’ %R. Better, if you pull up a three-year chart of COTY, you can see that each time those technical pivot points get…
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Weakness in Take-Two May be an Opportunity
Keep an eye on Take-Two Interactive (TTWO). Despite some recent weaknesses, there are substantial catalysts ahead. For one, Grand Theft Auto VI should be out soon and is usually a monster seller. In fact, analysts at Raymond James – which just upgraded the stock to outperform with a $170 price target – say GTA VI…
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Advanced Micro Devices Blows Past Target
BOOM!! Advanced Micro Devices (AMD) just blew past our target price of $100. Last trading at $102.05, we’d like to see it closer to $110. All it has to do now is break through resistance around $103.86, and it could potentially happen. We have a good history with AMD. Over the last few weeks, we noted, “If…
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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…
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Falling Knife: PayPal Could See Lower Lows
PayPal Holdings (PYPL) just can’t catch a break. Since topping out around $309, PYPL fell to a recent low of $132.57 – and could fall even more. Typically, we’ll tell investors to buy the fear, even the “blood in the streets” with a drop like this. But the pullback doesn’t look like it’s over. All thanks…