Tag: Wells Fargo
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The Boeing Pullback Is Only Getting Worse
Boeing (BA) has become a falling knife. And, as we noted on Jan. 7, “Investors may want to short Boeing stock.” Since its recent incident with the fuselage coming off the plane, the stock gapped from about $245 to $217.70 so far. This morning, BA is down another $6.84 in pre-market. All after Wells Fargo…
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Here’s Why Carnival Stock is on the Rebound
Keep an eye on Carnival (CCL). The company just said future bookings hit record volumes, and reported an increase in demand. According to a company press release, the company is “enjoying a phenomenal wave season, achieving our highest ever quarterly booking volumes and breaking records in both North America and Europe. Our strong performance has extended into March…
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Crisis Could Lead to Opportunity for XLF ETF
The Financial Select Sector SPDR Fund (XLF) isn’t having the best of days. All thanks to the collapse of the Silicon Valley Bank. But you may want to put it on your buy screen anyway, as a potential contrarian bet. Once the crisis is priced in, the XLF ETF should come back just as strong…
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Top Reasons to Buy and Hold PayPal Holdings
Oversold shares of PayPal Holdings (PYPL) are on the move. After catching double bottom support, the stock is just starting to push higher. Helping, CEO Daniel Schulman just doubled down on his PYPL. In fact, according to a US SEC filing, the CEO bought 26,065 shares of PYPL at $76.16 a share for about $395,351…
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First Solar Exploding Higher, as Hoped
On Jan. 10, we noted that shares of First Solar (FSLR) could push higher. At the time, FSLR traded around $160. Today, it’s up to $183.50 – and running. For one, Goldman Sachs recently noted the Inflation Reduction Act (IRA) is one of the “most meaningful policy developments for the US solar and energy storage…
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Here’s Why First Solar Could Push Higher
Solar stocks, like First Solar (FSLR) are on fire. All thanks to a couple of upgrades. For one, Goldman Sachs recently noted the Inflation Reduction Act (IRA) is one of the “most meaningful policy developments for the US solar and energy storage sector and clears the way for at least a decade-long runway for stable…
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Top Reasons to Consider Target Corp.
Investors should keep an eye on Target (TGT). Still oversold, the retailer broke above prior resistance at $167.20 earlier today. From here, we believe the TGT stock could go on to refill its bearish gap around $209 a share, near-term. For one, back to school shopping season is just weeks away. In fact, according to…
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Weakness in Bristol Myers Squibb is a Big Opportunity
Bristol Myers Squibb (BMY) is on the move. After plummeting from about $68 to a low of $54.60, the oversold stock is just starting to pivot higher. In fact, from a current price of $58.65, we’d like to see the stock retest $68. Helping, the company just boosted its quarterly dividend to 54 cents a…
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Advanced Micro Devices a Top Pick for New Year 2021
After breaking above double top, AMD could be headed to $100 a share, we noted just days ago. At the moment, the stock is up to $97.28 and could run even higher in the New Year. Not only is the company still chipping away at competitor market share, its CEO remains bullish. In fact, CEO Lisa…
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Advanced Micro Devices Could be Headed to $100
After breaking above double top, AMD could be headed to $100 a share. All after CEO Lisa Su said she expects to see more growth in the PC market , and a better than expected first quarter in 2021. “I think we see 2021 as a growth year for PCs, which perhaps we haven’t heard…