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HE - get it long before the sparks flyHE is obviously an underdog given what happened in Maui and the aftermath of the disaster. It has that baggage and the ankle weights of litigation public perceptions, electical power infrastructure and all the rest. Seemingly it is weathering the storm. The 15 minute chart shows a ranging price action really going no where until last Friday when volatility struck from a surge of volume. Price jumped out of the high volume area and volume has persisted and so the high volume area widened. The fast RSI in green moved in quick momentum as compared with the slower RSI in red. This is a golden cross of the lines showing a surge of strength. I will take this long. The earnings announce BMO. The make the past possible trade it must be done in the premarket and without a stop loss since my broker does not offer them in the premarket. An options trade will be after earnings depending on what is reported. This is a risky trade so the position will be small relative to buying power.
NYSE:HELong
by AwesomeAvani
INBS pumped on earnings crush= Watching for LONG maybeINBS crush earnings and went parabolic on an earnings beat. Basically, revenues fell but with belt-tightening and good CEO actions it bled less cash than expected. The tourniquet is working. The post-earnings pump was followed by a flush to the mid-Fib 0.5 support. Trader's got their reward and called it a weekend before lunch. The chop index fell into the consolidation zone and the MACD turned bearish. See the 5 minute chart image inserted to the left. The RSI lines are about 50 maybe with a crossdown impending. I have this on watch for a reversal up. Much will depend on general market strength on Monday. Biotechnology is projected as a hot sector now. This stock was among the hottest of the day. Hoping for a bullish continuation knowing that a trend down is likewise possible.
NASDAQ:INBS
by AwesomeAvani
2
ZBH a medical device company falls on earnings beat LONGZBH is a big global medical device company. It is old school. Aluminum titanium polymers, plates screws wires. Hollywood stars are familiar as it makes the devices for leg lengthening surgery. ( shortening is easy, lengthening not so much) I am familiar because in the past I have served as a consultant for this company. It business is mainly orthopedic elective surgery in supporting orthopedic surgeons serving their patients spine straightening to braces for after a neck fracture. Not a surprise but a lot of surgeries were put off during Covid. So much that the catching up is still ongoing. This is part of the reason why healthcare and the medical technology sectors are expected to be among the hottest of 2024. So much for fundamentals, the technical analysis support for a long trade is commented on the chart. On it you can see the trend since the last earnings. ZBH reported Thursday, January 7th. with an earnings beat and a dip in preparation for a possible rip. The lunch hour of Thursday's session would be the next best time while another time is when you find another dip after you have read this. Want to trade and hedge your trade? Just take a trade in SYK and let them have a race. Cut the underperformer and use the proceeds to get more of the other. It's a very simple plan. Want a broad trade in medical technology? Take a look at XBI or leveraged LABU.
NYSE:ZBHLong
by AwesomeAvani
Risk for Correction as Earnings Season EndsChecking the Monthly DPO chart of NASDAQ:NDX , it is important to be prepared for the risk of a correction soon after earnings season ends OR as the final week or so of reports come in. Often, the weakest reports are toward the end as there are aging technologies among these. Corrections are necessary for a long-term uptrend to sustain. Notice that there is more room to move up to the previous cycle peak of 2021. This new cycle peak can go higher as corporations continue to increase their revenues and earnings this year. Also note that the extreme angle of ascent of the trend in 1998-2000 is far more severe than what has formed so far in this new bull market.
NASDAQ:NDX
by MarthaStokesCMT-TechniTrader
SMA- earnings play- a beat with a drop for a pop LONGSMA reported today with about a 2% drop - while traders responded with a 8% drop. Everybody especially auto mechanics love their stuff. So were they looking for more? It is hard to say. Idea is on the chart. I am looking for a recovery in a reversion to the mean. It looks like it's underway. For those familiar with volume profile analysis and trading the best buy short was upon the drop out of the high volume area ( lower zagged blue line at 9:45 AM EST) and the best exit was the transient cross over and above the Hull 35 moving average at 12:15. This would have been a monster trade of about 600% if the strike 280 expiring 2/16 was taken about 9:45 AM and closed at 12:!5 PM; the price of about $150 for the single contract would have yielded $1300 and netted $1150 for those 2.5 hours for an hourly rate of over $400. Enough said about the short, this idea is about the backside. The stock shares trade is what is is. The options trade in my opinion only is a call contract striking $ 270 just under the 0.5 fib retracement is currently priced at about $530. If price gets above $270 or even gets over the $280 fib level line in the next week, the return again would be 300-600%. I am taking this call options trade, I will enter on a pivot low of the day on the share price chart. I'll set a stop loss of 20% meaning about $100 is at risk. 3X the premium is about $ 1600 so the reward to risk is 16. Managing with TradingViews handy alerts on the stock chart for moving average inflections and cross-overs as well as MACD line and signal intersections should take about one hour of combined time in a week. I consider the potential gain to be excellent for the anticipated expense of time.
NYSE:SNALong
by AwesomeAvani
CMG - it might be expensive but the value is there LONGCMG on the weekly chart has been uptrending for a year after being rangebound sideways for a year. It has seen a volume spike and corresponding price action with the current earnings beat Price rose 60% in the past year and 16% YTD. This is not linear and nor is it parabolic. The MACD supports the bullish momentum observation in the price action while the RS indicator shows good strength in both shorter and longer time frames. This is a blue chip megacap for sure. While it is not technology like the MAg7, the food business is lucrative. the CEO in the earnings call announced plans to expand to 7000 stores nationally. This is ambitious. Those who are ambitious investors or traders and are well funded could consider adding some shares or even a few options of CMG. I am going with a few options OTM at $3000 six months out. I believe that I will be well rewarded for the risk taken especially given the expansion plans and the historical track record here.
NYSE:CMGLong
by AwesomeAvani
Earnings Beat and Epic Game Partnership Drive Disney Stock SurgeIn a strategic leap into the gaming universe, The Walt Disney Company ( NYSE:DIS ) has stunned investors and enthusiasts alike with its latest announcement of a staggering $1.5 billion investment in Epic Games, the mastermind behind the global sensation Fortnite. This landmark partnership promises to reshape the landscape of entertainment, ushering in a new era of collaboration between the realms of gaming and beloved Disney franchises. The excitement reverberated through the markets as Disney ( NYSE:DIS ) shares soared by an impressive 7% in premarket trading following the release of its first-quarter earnings report. Despite revenue remaining steady year-on-year, the company surpassed earnings expectations with an impressive $1.22 per share, outperforming forecasts by a significant margin. CEO Bob Iger's revelation of Disney's ( NYSE:DIS ) foray into gaming represents a bold step forward, marking the company's most significant investment in the sector to date. With this substantial stake in Epic Games, Disney aims to harness the immense popularity of Fortnite and leverage its vast array of intellectual property, spanning Disney, Pixar, Marvel, Star Wars, and Avatar, to create captivating new gaming experiences. The collaboration between Disney ( NYSE:DIS ) and Epic Games holds boundless potential, offering fans the opportunity to immerse themselves in a rich and expansive gaming universe teeming with beloved characters and iconic settings. From pulse-pounding adventures to imaginative worlds, the possibilities are limitless as two entertainment giants join forces to push the boundaries of interactive entertainment. But Disney's ( NYSE:DIS ) ambitions extend far beyond the realm of gaming. The company's visionary roadmap includes the launch of an ESPN streaming service slated for 2025, further expanding its digital footprint and captivating sports enthusiasts worldwide. Additionally, Disney+ subscribers can look forward to an exclusive version of Taylor Swift's Eras Tour movie, adding yet another dimension to the platform's diverse content offering. Despite challenges in its Parks business and a decline in linear television, Disney's ( NYSE:DIS ) steadfast commitment to innovation and strategic growth initiatives has garnered support from investors and analysts alike. Ben Barringer, a technology analyst at investment manager Quilter Cheviot, lauded Disney's stable revenue and effective cost management strategies, underscoring the company's resilience in navigating a rapidly evolving entertainment landscape. Conclusion: As Disney ( NYSE:DIS ) sets its sights on a future brimming with possibilities, the partnership with Epic Games serves as a testament to its unwavering dedication to captivating audiences across every conceivable platform. With creativity as its compass and innovation as its engine, Disney continues to redefine the boundaries of storytelling, leaving an indelible mark on generations to come.
NYSE:DISLong
by DEXWireNews
COIN Completes First Post-IPO BottomAs the first of its kind, this young company has a bright future. Weekly chart: NASDAQ:COIN has completed its first post-IPO bottom formation and is holding above the completion line despite some selling down in recent weeks. The company reports Feb 15th. The fundamentals are most likely at or near the bottom completion level. The run up became over-speculated so a minor correction is underway that can dip into the completion level, but support from the bottom formation is strong with Dark Pool buy zone patterns.
NASDAQ:COIN
by MarthaStokesCMT-TechniTrader
Enphase Energy's Strategic Moves Signal a Brighter FutureEnphase Energy (NASDAQ: NASDAQ:ENPH ) stands as a beacon of innovation and resilience. Despite facing headwinds in the form of inventory issues and shifting market dynamics, the solar inverter maker is charting a course towards a brighter future. We delve into Enphase's recent developments, strategic shifts, and the prospects that lie ahead. Navigating Short-Term Challenges: Enphase Energy (NASDAQ: NASDAQ:ENPH ) recently announced its anticipation of an improvement in demand in the near term, sparking a surge in its shares by nearly 13% in extended trading. The company acknowledges the hurdles it faced in Europe, with a significant sequential decrease in revenue in the fourth quarter due to inventory management issues. However, Enphase (NASDAQ: NASDAQ:ENPH ) remains optimistic, citing early signs of recovery in Europe and the potential for a rebound in non-California states. Adapting to Market Dynamics: Solar firms, including Enphase, have encountered obstacles such as rising inventory levels in Europe and softening demand in the U.S., attributed in part to regulatory changes like the metering reform in California. Enphase's response to these challenges involves strategic adjustments, including reducing shipments to manage inventory levels and focusing on enhancing demand and margins for its batteries and micro-inverters throughout 2024. CEO's Vision and Guidance: Enphase's (NASDAQ: NASDAQ:ENPH ) Chief Executive, Badri Kothandaraman, paints a picture of cautious optimism, acknowledging the slowdown in demand while expressing confidence in the company's ability to navigate through it. Kothandaraman highlights the potential turnaround, citing early signs of recovery in Europe and the expected resilience of non-California states. Despite forecasting a seasonally down sell-through demand for the first quarter, Enphase (NASDAQ: NASDAQ:ENPH ) sets its sights on a revenue range of $260 million to $300 million, indicating a proactive stance in managing expectations. Analyst Expectations vs. Performance: Enphase's (NASDAQ: NASDAQ:ENPH ) fourth-quarter revenue slightly fell short of analysts' expectations, standing at $302.6 million compared to the anticipated $327.9 million. The company's first-quarter revenue forecast also falls below analysts' estimates, but Enphase (NASDAQ: NASDAQ:ENPH ) remains steadfast in its strategic direction, focusing on operational excellence and seizing opportunities for growth amidst challenges. Conclusion: Enphase Energy's (NASDAQ: NASDAQ:ENPH ) journey exemplifies the resilience and adaptability required to thrive in today's dynamic energy landscape. Despite short-term challenges, the company's strategic maneuvers, coupled with the vision of its leadership, signal a promising trajectory ahead. As Enphase (NASDAQ: NASDAQ:ENPH ) navigates through the current headwinds, it emerges as a compelling player poised to capitalize on the opportunities that lie beyond. Investors and industry observers alike would do well to keep a keen eye on Enphase Energy as it continues to shape the future of renewable energy.
NASDAQ:ENPHLong
by DEXWireNews
BP Shares Soar Amidst Plans to Boost Shareholder ReturnsBP Corp ( NYSE:BP ), the British oil giant, witnessed a significant surge in its stock prices, jumping by more than 5%, following its announcement to enhance shareholder returns. Despite experiencing a notable decline in its annual profit, the company’s strategic moves to accelerate share buybacks and increase dividends have invigorated investor confidence. Accelerated Share Repurchases and Dividend Increases NYSE:BP ’s proactive approach towards enhancing shareholder value includes a rapid pace of share repurchases, with plans to execute a $1.75 billion buyback before reporting first-quarter results. Additionally, the company has committed to a substantial $3.5 billion share buyback for the first half of the year. Moreover, BP announced a 10% increase in dividend per ordinary share for the final quarter of 2023, reflecting its dedication to rewarding investors. Financial Performance Analysis Despite a steep fall in its underlying replacement cost profit, dropping from a record $27.7 billion to $13.8 billion for 2023, NYSE:BP managed to surpass analyst expectations for fourth-quarter net profit, demonstrating resilience amidst challenging market conditions. The company’s robust operational performance in gas trading offset the impact of significantly lower industry refining margins. Market Response and Analyst Insights The market responded positively to NYSE:BP ’s commitment to shareholder returns, with shares ending Tuesday’s session 5.5% higher. Analysts at RBC Capital Markets viewed NYSE:BP ’s extended commitment to share buybacks through 2025 as a favorable surprise, indicating confidence in future performance. The clarity provided by BP regarding its shareholder return plans has been particularly well-received by oil investors. Leadership and Strategic Challenges NYSE:BP ’s strategic decisions come amidst pressure from activist investors, urging the company to prioritize oil and gas investments over clean energy initiatives. The recent appointment of Murray Auchincloss as permanent CEO follows a period of leadership transition, raising questions about the company's direction under new management. Climate Change Agenda NYSE:BP ’s stance on climate change has evolved, with the firm initially pledging ambitious emissions reduction targets. However, subsequent adjustments to its climate plans have stirred debate, reflecting the delicate balance between sustainability goals and meeting global energy demand. Conclusion NYSE:BP ’s proactive measures to boost shareholder returns amid a challenging economic landscape demonstrate its commitment to delivering value to investors. While facing pressure from activist investors and navigating leadership changes, the company remains focused on its strategy of delivering sustainable long-term value while balancing environmental responsibilities with meeting energy demand. As NYSE:BP charts its course in the evolving energy landscape, its ability to adapt and innovate will be critical in shaping its future trajectory.
NYSE:BPLong
by DEXWireNews
AMC Faces Uphill Battle Amidst Dwindling Box Office & Debt Woes As the curtain falls on another tumultuous year for AMC Entertainment Holdings Inc (NYSE: NYSE:AMC ), investors brace themselves for what could be a defining moment in the company's trajectory. With AMC (NYSE: NYSE:AMC ) stock plummeting to new lows and a bleak outlook for the cinema industry, CEO Adam Aron finds himself navigating treacherous waters filled with debt obligations and shifting consumer preferences. The recent plunge in AMC's stock price, hitting a new 52-week low of $3.63 per share, reflects the harsh reality facing the cinema giant. Despite the optimism surrounding the industry's recovery post-pandemic, AMC's (NYSE: NYSE:AMC ) struggles persist, exacerbated by external factors such as the lingering effects of the 2023 Writers Guild of America strike. The impact of the strike on the 2024 box office cannot be understated. With projections suggesting a staggering decline of at least $1 billion in domestic box office revenue, AMC (NYSE: NYSE:AMC ) and its peers face an uphill battle to reignite consumer interest in traditional moviegoing experiences. The rise of streaming platforms continues to pose a formidable challenge, forcing AMC (NYSE: NYSE:AMC ) to reimagine its business model and adapt to an evolving landscape. One of the key concerns weighing on AMC's (NYSE: NYSE:AMC ) performance is its ballooning debt. The company's aggressive measures to pay down debt, including dilution through share offerings, have left investors wary. AMC's (NYSE: NYSE:AMC ) outstanding shares surged by 29.52% in 2023 alone, reflecting a pattern of dilution that threatens to erode shareholder value over time. The recent $350 million at-the-market offering, coupled with additional share issuances to service debt obligations, underscores the urgency of AMC's (NYSE: NYSE:AMC ) financial predicament. As the company strives to strike a delicate balance between debt reduction and shareholder interests, the path forward remains fraught with uncertainty. Against this backdrop, AMC's upcoming earnings report for the fourth quarter and full year ended December 31, 2023, assumes critical importance. Investors eagerly await insights into the company's performance and strategic initiatives to navigate the challenges ahead. The earnings webcast scheduled for February 28, 2024, offers a platform for stakeholders to gauge AMC's prospects and pose pertinent questions to company executives. Amidst mounting concerns, CEO Adam Aron faces the daunting task of restoring investor confidence and charting a course towards sustainable growth. However, amidst the gloom, there are glimmers of hope for AMC (NYSE: NYSE:AMC ). The company's relentless pursuit of innovation, including initiatives like AMC Theatres Distribution and partnerships with leading artists, demonstrates a commitment to diversifying revenue streams and enhancing the cinema experience. As AMC endeavors to weather the storm, it remains to be seen whether the company can emerge stronger from its current challenges. With the global cinema landscape undergoing seismic shifts, AMC's fate hangs in the balance, with stakeholders eagerly awaiting the next chapter in this unfolding saga.
NYSE:AMCLong
by DEXWireNews
4
GE HealthCare Surpasses Expectations with Strong Q4 PerformanceGeneral Electric's healthcare division (NASDAQ: NASDAQ:GEHC ), GE HealthCare, has emerged as a standout performer in the fourth quarter, exceeding both revenue and earnings estimates. Despite ongoing challenges in the global market, the company has demonstrated resilience and delivered robust financial results, much to the delight of investors and analysts alike. Earnings Overview GE HealthCare's (NASDAQ: NASDAQ:GEHC ) adjusted annual profit forecast of $4.20 to $4.35 per share signals a promising outlook for the company. This projection, surpassing analysts' estimates, reflects the effectiveness of the company's strategic initiatives and operational efficiency measures. With the midpoint of the forecast exceeding expectations, GE HealthCare (NASDAQ: NASDAQ:GEHC ) is poised for sustained growth and profitability in the coming quarters. The impressive earnings performance in the fourth quarter further underscores GE HealthCare's (NASDAQ: NASDAQ:GEHC ) resilience and ability to navigate through challenging economic conditions. Excluding items, the company reported earnings of $1.18 per share, comfortably surpassing analysts' estimates of $1.07. This notable achievement reflects the strength of GE HealthCare's diversified portfolio and its ability to capitalize on emerging opportunities in the healthcare sector. Revenue Result Moreover, GE HealthCare's (NASDAQ: NASDAQ:GEHC ) robust revenue of $5.21 billion in the fourth quarter highlights its strong market position and competitive advantage. The company's ability to beat analysts' revenue expectations by a significant margin demonstrates its continued focus on driving top-line growth through innovation and customer-centric solutions. With a solid pipeline of products and services, GE HealthCare (NASDAQ: NASDAQ:GEHC ) is well-positioned to capitalize on evolving market trends and emerging opportunities in the healthcare industry. Investors Sentiment Investors have reacted positively to GE HealthCare's (NASDAQ: NASDAQ:GEHC ) stellar performance, with the company's stock price witnessing a notable uptick following the earnings announcement. This vote of confidence from the market underscores the strong fundamentals and growth prospects of GE HealthCare, reaffirming its status as a key player in the healthcare ecosystem. Conclusion: In conclusion, GE HealthCare's (NASDAQ: NASDAQ:GEHC ) impressive fourth-quarter performance underscores its resilience, strategic agility, and commitment to driving value for its stakeholders. With a robust earnings forecast, strong revenue growth, and a track record of innovation, the company is well-positioned to capitalize on emerging opportunities and deliver sustainable long-term growth. As GE HealthCare (NASDAQ: NASDAQ:GEHC ) continues to expand its footprint and strengthen its market presence, investors can look forward to continued value creation and success in the dynamic healthcare landscape.
NASDAQ:GEHCLong
by DEXWireNews
Spotify's Growth Story: Breaking Records and Setting Bold GoalsSpotify (NYSE: NYSE:SPOT ) has emerged as a juggernaut, continually breaking barriers and setting new standards. The latest report from the Swedish music streaming giant reveals an impressive surge in user growth, defying expectations and propelling its stock to new heights. Unveiling Remarkable Performance: Spotify's (NYSE: NYSE:SPOT ) fourth-quarter results have left analysts and investors astounded. The company not only surpassed forecasts but also demonstrated resilience in the face of challenges, with its monthly active users and premium subscribers soaring to unprecedented levels. Despite a slight revenue miss, Spotify's strategic maneuvers, including price adjustments and podcast investments, have positioned it for a prosperous future. Diversification and Expansion: Beyond music, Spotify's (NYSE: NYSE:SPOT ) foray into podcasts and audiobooks underscores its commitment to diversification and innovation. With an eye on capturing the burgeoning audio entertainment market, the company has strategically aligned itself with influential hosts and witnessed exponential growth in podcast advertising. This strategic pivot not only enhances user engagement but also opens new revenue streams, reinforcing Spotify's position as a multifaceted entertainment platform. CEO's Vision and Strategic Imperatives: Under the stewardship of CEO Daniel Ek, Spotify's (NYSE: NYSE:SPOT ) vision of reaching 1 billion users by 2030 is not merely a lofty ambition but a strategic imperative driving every decision. Ek's emphasis on profitability, evidenced by recent cost-cutting measures and operational efficiencies, reflects a maturing company poised for sustained success. As Spotify navigates through the complexities of a dynamic industry landscape, Ek's leadership and strategic foresight continue to inspire confidence among stakeholders. Market Response and Investor Sentiment: Spotify's (NYSE: NYSE:SPOT ) stellar performance in the fourth quarter has not gone unnoticed, as evidenced by the bullish response from investors. With shares surging to a two-year high, market sentiment towards Spotify remains overwhelmingly positive, underscoring the company's status as a top contender in the digital entertainment sphere. As the company charts its course for the future, investor confidence serves as a testament to Spotify's (NYSE: NYSE:SPOT ) unwavering commitment to growth and innovation. Conclusion: In an era defined by rapid technological advancements and shifting consumer preferences, Spotify stands out as a beacon of innovation and resilience. With a relentless focus on user growth, profitability, and strategic expansion, the company continues to redefine the boundaries of digital entertainment. As Spotify (NYSE: NYSE:SPOT ) embarks on its journey towards 1 billion users, one thing remains clear – the music streaming giant is not just setting records; it's rewriting the playbook for success in the digital age.
NYSE:SPOTLong
by DEXWireNews
Super Micro Computer Just Hit a New All-Time High Super Micro Computer (NASDAQ: NASDAQ:SMCI ) has been making waves in the stock market, hitting a new all-time high fueled by a remarkable 2023 and a phenomenal earnings report to kick off 2024. As the stock continues its ascent, investors are left wondering if there's still time to climb aboard or if they've missed the boat. Let's delve into the factors driving Supermicro's success, particularly its role in the booming artificial intelligence (AI) market, and explore the potential for further growth. The AI Boost: One of the key drivers behind Supermicro's ( NASDAQ:SMCI ) recent surge is its pivotal role in the AI revolution, with a spotlight on its collaboration with Nvidia, the leading graphics processing unit (GPU) supplier worldwide. Nvidia's GPUs are crucial for the intensive calculations required in processing vast datasets and building AI models. Supermicro ( NASDAQ:SMCI ) steps in with its highly customizable line of servers tailored to various needs, from engineering simulations to drug discovery and AI deep learning. The Numbers Speak: Supermicro's ( NASDAQ:SMCI ) second-quarter fiscal year 2024 results were nothing short of impressive, boasting sales of $3.66 billion, a staggering 103% increase from the previous year. The company not only surpassed its own guidance but also laid out robust projections for the upcoming quarter and the entire fiscal year. With Q3 revenue expected to reach approximately $3.9 billion, reflecting a remarkable 205% growth, and an earnings per share (EPS) estimate of $5.22, the outlook appears promising for Super Micro Computer. Conclusion: Super Micro Computer's ( NASDAQ:SMCI ) journey to new all-time highs has been undeniably fueled by the AI boom, robust financial performance, and optimistic projections for the future. The article wraps up by summarizing the company's strengths, potential challenges, and the considerations investors should weigh when deciding whether to join the ride or exercise caution in the face of industry forecasts. Supermicro's ( NASDAQ:SMCI ) success story, as outlined in this article, paints a picture of a company on the cutting edge of technological innovation, but the road ahead may not be without its twists and turns.
NASDAQ:SMCILong
by DEXWireNews
EDU - New Oriental Education & Technology Group - BreakoutCompany info: New Oriental Education & Technology Group, Inc. offers educational services. The Company offers foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries. Earnings: Earnings came out very strong this morning. Revenue came in 869.60 and the street has looking around 814. Earnings beat as well (surprise by 0.03). Technicals: The chart is breaking out of the pennant and with fundamental driver, this can be explosive. Macro: Overnight, there has been positive news out of China. PBOC lowered the reserve requirements by 50bps and there is growing expectation that stimulus is right around the corner, which should help Chinese stocks. Will enter with the 5 min chart and update target along the way but initially run up to 100 looks promising.
NYSE:EDULong
by Kemsdale
Advanced Micro Devices (AMD): A Promising Future in AIAdvanced Micro Devices ( NASDAQ:AMD ) emerges as a compelling investment option poised for significant growth in 2024. As the demand for artificial intelligence (AI) and graphics processing units (GPUs) continues to surge, NASDAQ:AMD 's strategic moves and recent product unveilings indicate a promising trajectory. We delve into the factors driving NASDAQ:AMD 's potential for a soaring stock performance in the coming year. 1. AI Market Growth and AMD's MI300X Breakthrough: The AI market, valued at nearly $200 billion in the previous year, is projected to witness a staggering compound annual growth rate of 37% through 2030, reaching over $1 trillion. AMD, recognizing this immense potential, unveiled its latest powerhouse, the MI300X GPU, in December. Positioned to challenge Nvidia's dominance, the MI300X promises to be a game-changer, offering competitive performance for training and surpassing Nvidia's H100 for inference by 10% to 20%. This strategic move positions NASDAQ:AMD as a formidable player in the rapidly expanding AI sector. 2. Strategic Partnerships with Tech Giants: NASDAQ:AMD 's foray into AI is reinforced by strategic partnerships with industry giants, enhancing its market presence and credibility. Microsoft, a key ally with a close partnership with OpenAI, announced its adoption of NASDAQ:AMD 's new GPU in Azure, optimizing AI capabilities. This collaboration not only underscores AMD's technological prowess but also positions the company favorably in the cloud computing domain. With a similar agreement in place with Meta Platforms, NASDAQ:AMD secures a foothold among tech's most influential players, setting the stage for sustained growth. 3. Improved PC Market and Revenue Surge: Beyond the AI realm, NASDAQ:AMD is capitalizing on a gradually improving PC market. Data from Gartner reveals a 0.3% increase in global PC shipments in Q4 2023, marking the first positive growth in over a year. This trend aligns with NASDAQ:AMD 's financial performance, as evidenced by a 42% YoY rise in revenue in its client segment during Q3 2023, reaching $1.4 billion. As macroeconomic headwinds subside, NASDAQ:AMD is poised to leverage a resurging PC market, contributing to its stellar growth outlook for 2024. 4. Earnings-Per-Share (EPS) Projections: Projections for NASDAQ:AMD 's EPS indicate substantial upside potential, aligning with the company's growth prospects. As the company diversifies its product offerings and strengthens its position in both AI and PC markets, analysts anticipate a significant surge in the stock's value in the next fiscal year. This positive sentiment is further supported by NASDAQ:AMD 's continuous innovation and market responsiveness. 5. Technical Outlook and Investor Sentiment: From a technical perspective, NASDAQ:AMD is riding a rising trend channel in the medium long term. This positive trend signifies investor confidence and a growing interest in the company's potential. With no apparent resistance in the price chart, the stock's upward momentum is reinforced by strong positive momentum. While acknowledging the potential for overbought conditions, the absence of resistance and the ongoing positive trend suggest further room for growth. Conclusion: In conclusion, Advanced Micro Devices (NASDAQ: NASDAQ:AMD ) stands at the forefront of a transformative era in semiconductor technology, driven by the burgeoning demand for AI and the resurgence of the PC market. With its MI300X GPU poised to challenge industry leaders and strategic partnerships amplifying its market reach, NASDAQ:AMD is positioned for substantial growth in 2024. As EPS estimates align with the company's potential and technical indicators signal a positive trajectory, investors may find AMD a compelling opportunity for significant returns in the coming year.
NASDAQ:AMDLong
by DEXWireNews
Exxon Mobil's Resilience: Surging Profits & Strategic Moves Exxon Mobil ( NYSE:XOM ) has emerged from the challenging landscape of 2023 with a commendable financial performance, reporting a robust $36 billion profit for the year. The energy giant's earnings defied industry trends, surpassing estimates and signaling optimism for the future. Beating Estimates The beating of estimates is largely attributed to Exxon's ( NYSE:XOM ) adept navigation of volatile markets, particularly in fuels trading, and an upswing in oil and gas production. Despite the overall industry experiencing a one-third dip in profits due to fluctuating oil and gas prices in the aftermath of geopolitical events like the Russia-Ukraine conflict, Exxon CEO Darren Woods expressed confidence in the sector's normalization throughout 2023. One key highlight is Exxon's ( NYSE:XOM ) strategic focus on its core oil production areas, notably the U.S. Permian Basin and Guyana. The company "opportunistically accelerated drilling activity" in these regions, demonstrating a commitment to robust production. Additionally, Exxon ventured into lithium production to meet the surging demand for electric vehicle batteries, aligning its strategies with the evolving energy landscape. Financial Strength The closing of 2023 showcased Exxon's ( NYSE:XOM ) financial strength, setting the stage for a promising 2024. Peter McNally, Global Sector Lead for Industrials Materials and Energy at Third Bridge, emphasized Exxon's strong financial position as it heads into the new year. However, the impending acquisition of Pioneer Natural Resources is poised to be a game-changer, significantly increasing investments in the U.S. Exxon ( NYSE:XOM ) expects to finalize the deal in the second quarter, raising anticipation among investors. Despite the positive narrative, Exxon did incur a $2.5 billion impairment charge for California properties that have been on the market for over a year. This, however, did not overshadow the company's overall performance, as annual income only fell 35% to $38.57 billion when excluding this charge. Trading Division Exxon's success in the fourth quarter was bolstered by a profitable trading division, which contributed a $1.1 billion boost to operating profit in the fuels business. CFO Kathryn Mikells highlighted the company's decision to consolidate global trading into a single division, a move that proved fruitful. Mikells also noted that this trend is expected to be an ongoing contributor to the company's positive results. Furthermore, Exxon exceeded its cost-cutting targets, surpassing the $9 billion goal set in 2019 by an additional $700 million. The company's commitment to efficiency and fiscal responsibility is evident in its ability to deliver results even in challenging market conditions. Future Outlook Looking ahead, Exxon ( NYSE:XOM ) plans to allocate $23 billion to $25 billion in capital spending for the year, a strategic move to prepare for projects slated for 2025. The company's proactive approach and resilience in the face of industry headwinds position it as a key player to watch in the evolving energy landscape. Conclusion In conclusion, Exxon Mobil's ( NYSE:XOM ) 2023 performance not only defied industry trends but also set the stage for a promising 2024. With strategic moves, a focus on core production areas, and a resilient trading division, Exxon Mobil ( NYSE:XOM ) is navigating the dynamic energy sector with confidence and forward-looking vision.
NYSE:XOMLong
by DEXWireNews
In-Depth Analysis of LODHA (NSE: LODHA)Technical Overview: 1. RSI Divergence and Weekly Chart Support: LODHA's weekly chart indicates substantial support at the Relative Strength Index (RSI) divergence. RSI is a crucial momentum indicator, and divergence can signal potential trend reversals. The presence of RSI support on the weekly chart suggests a strong technical foundation. Fundamental Highlights: 1. Q3 Earnings Performance: Lodha reported robust Q3 earnings with a significant increase in EBITDA, reflecting commendable operational performance. The improved EBITDA margin is indicative of enhanced profitability. 2. Net Profit Growth: Q3 consolidated net profit has shown substantial growth on both a year-on-year (YoY) and quarter-on-quarter (QoQ) basis. This positive trend in net profit underscores the company's ability to generate earnings. 3. Revenue Expansion: Q3 revenue growth, both YoY and QoQ, highlights the company's capacity to increase sales, contributing to overall financial strength. Trade Execution Strategy: Entry: Consider entering a long position at the current market price (CMP) of 1056. This entry aligns with the technical support identified on the weekly chart and is further supported by positive fundamental developments. Stop Loss Placement: Place a stop loss at 980. This stop loss level is strategically chosen to provide a reasonable buffer against potential price fluctuations while safeguarding the trade from adverse market movements. Target Setting: Set a target of 1230. The target is determined based on the technical support and the positive fundamental backdrop, reflecting an anticipated upward price movement. Risk Factors and Considerations: 1. Market Conditions: Monitor broader market conditions and potential external factors that may impact the stock or overall market sentiment. 2. Corporate Developments: Stay informed about any corporate developments, announcements, or industry-specific news that could influence the stock. 3. Continuous Monitoring: Regularly monitor the trade for any shifts in the technical setup or unforeseen market developments. Be prepared to adjust the strategy based on evolving conditions. Conclusion: LODHA presents a compelling opportunity with a combination of technical support and positive fundamental indicators, particularly strong Q3 earnings. The trade is initiated with a comprehensive risk management strategy. Regular monitoring and adaptability are key to navigating dynamic market conditions.
NSE:LODHA
by yaashul
Meta's Meteoric Rise: Unveiling Record ProfitsMeta (NASDAQ: NASDAQ:META ), the parent company of social media giant Facebook, is making waves in the business world after an impressive fourth-quarter earnings report that surpassed expectations and sent its stock soaring by 14% in after-hours trading. The company's robust performance is underlined by a tripled profit, a landmark first-ever dividend payment, and a $50 billion share buyback, signaling a newfound confidence in its financial position. Financial Highlights The financial highlights include earnings per share of $5.33, beating the expected $4.96, and revenue of $40.1 billion, surpassing the anticipated $39.18 billion. Daily active users (DAUs) and monthly active users (MAUs) also exceeded expectations, demonstrating the sustained growth of Meta's ( NASDAQ:META ) user base. The average revenue per user (ARPU) reached $13.12, outperforming the forecasted $12.81, showcasing the company's ability to monetize its user engagement effectively. The impressive results are attributed to Meta's ( NASDAQ:META ) online advertising business rebounding from challenges faced in 2022. Sales surged by 25% year over year, reaching $32.2 billion, the fastest growth rate since mid-2021. Simultaneously, the company implemented cost-cutting measures, with expenses decreasing by 8% year over year to $23.73 billion. The operating margin more than doubled to 41%, reflecting increased profitability. Net Income Net income skyrocketed to $14 billion, tripling from $4.65 billion a year earlier. Meta's strategic decisions, such as the announcement of its first-ever dividend payment of 50 cents per share on March 26, illustrate its commitment to delivering value to investors. The company's cash and equivalents ballooned to $65.4 billion at the end of 2023, up from $40.7 billion a year earlier, further supporting its shareholder-friendly initiatives. The bullish momentum continues a trend from 2023 when Meta's ( NASDAQ:META ) stock nearly tripled, reaching a record high in January. As of the latest trading data, Meta's( NASDAQ:META ) market capitalization has surged to almost $1.2 trillion, solidifying its position as one of the tech industry's heavyweights. Sales Report Sales in Meta's Reality Labs unit surpassed $1 billion in the quarter, underlining the growing importance of virtual reality. However, the virtual reality unit reported losses of $4.65 billion, emphasizing the challenges and investment required to establish a foothold in this evolving market. Despite Meta's ( NASDAQ:META ) financial success, the company faces scrutiny from lawmakers, as CEO Mark Zuckerberg and other executives recently testified before the Senate Judiciary Committee. The hearing addressed concerns about child exploitation on Meta's family of apps, underscoring the ongoing challenges faced by social media platforms regarding user safety and mental health. Future Outlook Looking ahead, Meta ( NASDAQ:META ) anticipates first-quarter sales in the range of $34.5 billion to $37 billion, surpassing analyst expectations. The company remains committed to advancing artificial intelligence and the metaverse, with Zuckerberg emphasizing continued investments in these areas. Notably, despite growth, Meta's headcount decreased by 22% year over year, reflecting the efficiency achieved through organizational changes and layoffs. Conclusion In conclusion, Meta's ( NASDAQ:META ) stellar financial performance, marked by record profits, a historic dividend, and a thriving stock price, showcases the company's resilience and adaptability in the rapidly evolving tech landscape. As it continues to navigate challenges in user safety and content moderation, Meta's strategic focus on innovation and financial strength positions it for continued success in the ever-expanding digital frontier.
NASDAQ:METALong
by DEXWireNews
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