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Autonomous_driving

New Technologies Can Push Stocks to New HighsNYSE:CAT easily moved above the resistance highs from March and out of its sideways trading range, making new highs. The white candle on lower volume was interesting: intraday showed pro traders in control toward the end of the day as retail traders and smaller funds started selling prematurely. A resting pattern would be a lower-risk entry to prepare for the breakout. Caterpillar, Inc. has new technologies coming to market. The company unveiled its new technologies for mining on Sept 24, 2024. It reports earnings on October 29th. If you are trading or holding this stock, check support levels but be patient.
NYSE:CAT
by MarthaStokesCMT-TechniTrader
FET: RSI Gearing up for Major Move to $8-$9 Range by June/JulyYes it is indeed looking more likely that we will have 2 major peaks in this bull cycle altseason and FET (Fetch.ai) is one of my favorites to perform beautifully. The reason I like coins like FET is that they have a beautiful market structure that they JUST corrected 50% or more from in the last 1-2 months to their previous critical market structure and have bounced beautifully from that previous critical market structure. FET fell 62% from its recent high and tested the previous critical market structure level of around 0.33 cents. As you can see FET performed magnificently and bounced from that critical market structure level meaning it is about to gear up for a major power play move to new ATHs ... possibly way beyond $10 in the next 1-2 months. You'll want to position before this occurs - stay tuned :) On the TA side, the RSI is at a very healthy level and rising with PLENTY of upside room - we are in the right place at the right time.
Long
by ich1baN
5
LAZR- Potential long-term betLAZR's Lidar technology is a potential game changer. It can have far-reaching impact on numerous industries and it has numerous applications such as autonomous vehicle, drone and robot...etc. The addressable market will only continue to grow in the foreseeable future as the adoption rate accelerates. That being said, autonomous vehicle is still at least 5 to 10 years away from gaining any real traction so LAZR is a risky long-term bet. Open a small position in the demand zone and just let it ride. Just my two cents. Not the financial advice.
NASDAQ:LAZRLong
by Libratus
A surprising bull case for General MotorsGM has been a company in decline for many years, and the coronavirus hasn't helped matters. Over the last three years, EPS shrank about 8.5% annually and SPS about 2% annually. The coronavirus caused GM to suspend its dividend, which at over 6% was the main reason for owning the stock. GM's stock price tanked hard, and I have to say-- based on current consensus estimates, GM has some absolutely *terrible* PEG and PSG ratios. Ordinarily I would short this stock hard. However, the times may be a' changing for GM. Today the company absolutely walloped Wall Street estimates for Q2, with revenue 3.6% above expectations, and a loss per share that was only a third of the loss the Street expected. Guidance given on the conference call for the second half of the year is for $4-5 billion EBITDA, roughly 50% above the current Wall Street estimate. GM burned $8 billion in cash in Q2, but expects to generate $8 billion in the back half of the year, allowing the company to pay off the $16 billion revolving credit line it took out earlier this year. I should point out that all this guidance was tentative and contingent on continued economic recovery. But if it pans out, then I think we could see at least a partial restoration of GM's dividend early next year. On the macroeconomic front, I see lots of signs that the auto market may continue to recover. Although revolving credit (e.g. credit cards) has been in decline during the pandemic, non-revolving credit (e.g. home and auto loans) has actually increased. Loan rates have been falling, and consumers are taking advantage of low rates to snap up homes. Home-buying data have blown out analyst expectations for the last couple months. What's good for homes should also be good for autos. Auto sales in June recovered slowly, from -30.2% YoY in May to -28.7% YoY in June. Auto sales are expected to show faster recovery in next week's July retail sales report, around -18% YoY. Fleet sales are expected to improve from -70% in June to -40% in July. (Why bet on autos rather than homes? Because homes are supported by a government eviction ban that will be repealed at some uncertain future date, making that market risky. In the auto market, I have more faith that the numbers we're seeing reflect real market fundamentals. Here's another thought: with Americans moving out of cities and into suburbs and avoiding mass transit, auto demand may increase on permanent basis.) Perhaps more importantly, GM's CEO said she expects "exciting updates" for GM's "Cruise" self-driving unit in the second half of the year. GM is a technology leader in the self-driving space, with only Google's Waymo ahead of it in the technology race. The self-driving unit thus may hold the key to a turnaround in GM's long, multi-year earnings slump. Some positive headlines from this unit would be a huge relief for embattled GM investors, and might even create some excitement around future growth. For the near term, note that GM is currently trading in a triangle and is near the bottom of the triangle range, making this an attractive buy point with some technical support. In coming days I'd expect to see some analyst upgrades and upward earnings revisions on GM as analysts digest the optimistic guidance from the earnings call. I suspect we'll test the top of the triangle in the next two weeks, and perhaps break out the upper side in the event of a July auto sales beat.
NYSE:GMLong
by ChristopherCarrollSmith
4
Foresight Autonomous potential day tradeForesight Autonomous recently signed a big deal to provide autonomous vehicle technology to a major Chinese auto company. It ran up quite a bit Thursday, and the price action today looks encouraging for a continuation. We've mostly held above 2.30 support, with lows around the 2.26 support level. The late-day drop to 2.09 support offers a good buying opportunity. We should see a rally during power hour. To continue its run, FSRX needs to close above about 1.76 today, 2.16 Monday, and 2.56 Tuesday. I'm hoping to see 3.74 and maybe even 4.10 next week.
NASDAQ:FRSXLong
by ChristopherCarrollSmith
Daimler post-dividend drop offers buying opportunityDaimler recently gapped down in a big way after its dividend and a CEO change, which offers an opportunity for investors to get back in at low prices. Daimler isn't the sexiest automotive company, but it's fast becoming a leader in the autonomous vehicles space. It's already got a level 2 autonomous rig on the road, cutting the cost of traffic incidents by 95%. By 2025 it expects to field a fully autonomous truck. Whatever you think about putting truck drivers out of business, this is bound to be insanely profitable for Daimler. Analyst ratings on Daimler are super mixed, mostly because some analysts are more forward-looking than others. Last year Daimler's earnings were down year-over-year, mostly because of R&D costs. However, the company delivered a solid earnings beat in Q1 on the strength of its autonomous truck business, and I think it will solidly beat estimates again in Q2. In the meantime, Daimler's formed a nice, gentle upward channel. Pick it up on pullback to channel bottom for a steady return until next earnings on July 25. Analyst upgrades or earnings estimate revisions could benefit the stock before then. Note that Daimler trades as both DMLRY and DDAIF.
DLong
by ChristopherCarrollSmith
3
Blackberry_(NYSE:BB)_May_16_2018Since the demise of Nortel, Blackberry was the darling of the Canadian Tech Sector till about 2008. However, the rise of Apple combined with the Great Recession of 2008 caused the stock price of BB to drop from $130 to $40. Proliferation of touch screen phones running on Google's Android platform since then further contributed to the stock's decline. The stock was trading around the $9-10 range in 2016-2017. However there has been some recent interest in the company owing to its expertise in developing corporate security products and how those same technologies could be leveraged for the Internet of Things (IOT) world. Currently, the intermediate term trend is bullish; the short term trend is bearish. I think the chart pattern can be either classified as: 1) Descending Triangle 2) Symmetric Triangle The burden of proof leads me to believe that a descending triangle is more appropriate. I think by the next earnings call (later this month) we will know which way BB will break out. If the breakout is towards the positive side, I see the stock price trading in the $14 price range. If the breakout is negative, I see support around $10.25. Based on the last few earnings report, my guess will be that the stock will make a breakout in a bullish manner. however, I will wait a few more days to confirm the trend before buying in. Happy Trading!!!
NYSE:BB
by advisacorp