SHOP is set to dominate the global ecommerce space and will benefit drastically from the recent pandemic. Had a nice selloff last week, looking for another dip shortly and take a long opportunity.
RAD has had a strong push the past few weeks, looking for it to continue higher and re-test the 24 level.
NKE reports earnings on December 18th after market close. EPS forecasts are $0.61 down from the reported $0.7 last quarter. With strong demand for online sales and a recent surge in the stock's price to a new $140.45 ATH, look for NKE to surge in the lead up to earnings. The strength of the brand's international presence could drive a significant earnings beat...
JD is the a leading ecommerce and retailer for the people's republic of China. It sold off and came down very nicely into the buy zone here last week due to the implemented regulations for Chinese companies to increase transparency or have the threat of being de-listed. Has been on watch over the past 2 months already with a successful trade closed out. Took a...
IMMR levels to watch. Looking for a significant dip and strong push out of this consolidation wedge to break the downtrend resistance.
COST coming to another great buying opportunity here this week. If it breaks the trendline it will likely find support at the 364 area.
ASAN reported earnings on December 9th AMC. Q3 revenue grew 55% yoy and had fiscal year outlook and guidance raised. Although there was an operating loss of 105% of revenues, it is an improvement from FY Q3 2020 net loss of 166% of revenues. Furthermore, the company is expecting to maintain net losses for fiscal 2021 however is citing increased business...
AMD sold off pretty sharp along with the broader market today. Now in a heavy support zone around 88. Expecting a base here and formation of the bottom of the handle in a larger cup and handle pattern. Final target is the 100 level by early 2021.
SPY has flown to record high valuations reaching an all time high last Friday. This rally is driven on vaccine hope and stimulus news as the election uncertainty is now over. December is typically the best returning month of the index. That may stay true this year, as the money supply level has skyrocketed upwards. This usually relates to a direct correlation to...
Onto Innovation reported solid third-quarter 2020 results, with the top and bottom line increasing on a year-over-year basis. Despite COVID-19 uncertainties, strong momentum in 5G and advanced packaging markets with breakthrough offerings on the back of dynamic fundamentals drove the performance.
FedEx reports earnings on December 17th, looking for an entry on dip and break of all time highs in the coming weeks.
Looking for a double bottom on LOW. Analysts upgraded their price targets citing 40% upside to the current price. There is increased demand for home improvement retail.
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. With a surge in work from home, consumers are shifting towards investing in home improvements. Cautious as TOL has a poor leverage ratio, with 4B in debt and only 700M in cash.
Onto Innovation Inc. designs, develops, manufactures, and supports process control tools that performs macro-defect inspection and metrology, lithography systems, and process control analytical software used by semiconductor and advanced packaging device manufacturers worldwide.
Hot off Black Friday/Cyber Monday sales, look for Lululemon (LULU) to be active as we approach Thursday's earnings. Total American Cyber Monday sales soared to $10.8 Billion (largest e-commerce day in US history), and LULU is well positioned to take advantage given the recent demand for athleisure. After a strong month of November, watch for LULU to build...
Blackberry (BB) could potentially move early in the week. After announcing a partnership with Amazon to collaborate on advanced automobile software, BB stock is up 36% having reached as high as $ 9.34 in early trading on December 1st. With an earnings call on the 18th, look for BB to be trading actively with the potential for a run up above the recent high in the...
Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. Luminar is partnered with 7 of the top 10 global automakers and is set to power the introduction of highway self-driving and next-generation safety systems. Shares of the combined Luminar Technologies (LAZR) and Gores Metropoulos (GMHI), a special purpose...
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. NET stock has shown growth from $20 to $78 in the last year, as well as revenues increasing 54%. With analyst price targets of $87, NET continues to show positive signals for a spike in the next few weeks. Looking for a dip buy on NET.