The Browser Underdog: Opera's Surprising Surge◉ Abstract
Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 million, accompanied by impressive cash flow growth of $82.8 million. Opera's debt-free status adds to its financial health. However, challenges persist, including its limited 2.4% market share in the competitive browser market, heavy dependence on browser revenue, and regulatory and technical risks. Despite these challenges, Opera's strengths and resilience, coupled with the industry's growth prospects, make it an attractive investment choice.
Read full analysis here.........
◉ Introduction
The internet browsing market is highly competitive, with approximately 5.3 billion monthly active users as of 2024. Google Chrome dominates the market with a 65.18% share, followed by Safari at 18.55%, Microsoft Edge at 5.26%, and Mozilla Firefox at 2.74%.
The market is expected to continue growing, driven by increasing internet penetration, the proliferation of smart devices, and the demand for enhanced web experiences. Additionally, the shift towards mobile browsing, with mobile devices accounting for a significant portion of internet traffic, will further fuel this growth, leading to projected expansion and innovation in the industry.
◉ Key Growth Drivers
1. Increased Internet Penetration: Global internet user numbers are steadily rising, particularly in developing regions where access to technology is improving.
2. Mobile Device Usage: The shift towards mobile browsing is significant, with browsers like Chrome and Safari leading in mobile usage due to their integration with popular operating systems (Android and iOS) respectively.
3.Technological Advancements: Continuous improvements in browser technology, including speed enhancements, security features, and user-friendly interfaces, attract more users.
4. Focus on Privacy and Security: Growing concerns about online privacy have led to increased demand for browsers that prioritize user data protection. This trend benefits browsers like Firefox and Opera, which emphasize privacy features.
5. Integration with Ecosystems: Browsers that integrate well within their respective ecosystems (e.g., Safari with Apple devices) tend to retain users more effectively due to seamless functionality across devices.
◉ Major Players
Today, our discussion will center on Opera, a niche browser vendor navigating the global internet browsing market dominated by Google Chrome and Safari.
This report presents an in-depth examination of Opera's technical and fundamental metrics.
◉ Company Overview
Opera Limited NASDAQ:OPRA is a Norway-based tech innovator, established in 1995. Listed on NASDAQ (OPRA), Opera boasts a global team of 500+ employees. Its diverse portfolio includes Opera Browser, Opera Mini, Opera GX, and Opera News. The company operates through four segments: Browser and Search, Advertising, AI-driven Content Discovery, and Fintech (Opera Pay). Opera's growth strategy focuses on emerging markets, AI enhancements, advertising expansion, and fintech development.
◉ Investment Advice
💡 Buy Opera Limited NASDAQ:OPRA
● Buy Range - 16.8 - 17.8
● Sell Target - 23.5 - 24.5
● Potential Return - 33% - 38%
● Approx Holding Period - 12-15 months
◉ Revenue Breakdown (FY23)
● Total Revenue: For the full year 2023, Opera reported total revenue of $396.83 million, up from $331.04 million in 2022, marking a 20% year-over-year growth.
● Advertising Revenue: Advertising revenue constituted approximately 59% of total revenue, amounting to around $234 million. This segment grew by 24% year-over-year, driven by the success of the Opera Ads platform and browser monetization strategies.
● Search Revenue: Search revenue accounted for about 15% of total revenue, totaling approximately $60 million, with a growth rate of 15% year-over-year. This growth is attributed to targeting users with higher monetization potential, particularly in Western markets.
● Technology Licensing and Other Revenue: This segment represents a smaller portion of the overall revenue, contributing roughly $0.1 million, reflecting the company’s ongoing efforts to monetize its technology beyond its core browser offerings .
◉ Strengths & Weaknesses
The company has experienced significant growth and innovation in recent years. However, it also faces various challenges. Here’s a detailed analysis of its strengths and weaknesses:
● Strengths:
1. Innovative Features:
➖ Opera GX Gaming Browser: Tailored for gamers with CPU and RAM limiters, plus integrations with Twitch and Discord.
➖ Built-in Ad Blocker: Improves browsing speed by blocking ads and tracking cookies.
➖ Free VPN: Enhances privacy by encrypting traffic and hiding IP addresses, allowing access to region-restricted content.
2. Diverse Revenue Streams: Revenue comes from multiple sources, including advertising (about 59%) and search (around 15%), providing financial stability.
3. Financial Growth: Consistent revenue growth, reaching $397 million in 2023, with positive projections for 2024.
4. Strategic Partnerships: Collaborations with major tech companies enhance service offerings and market reach.
● Weaknesses:
1. Limited Market Share: Holds only about 2.4% of the global web browser market, significantly trailing competitors like Google Chrome.
2. Heavy Dependence on Browsers: About 82% of revenue comes from web browsers, making the company vulnerable to shifts in user preferences and market trends.
3. Regulatory Vulnerability: Risks associated with changes in affiliate marketing regulations and data protection laws could impact revenue.
4. Technical Challenges: Users report stability issues and bugs that affect overall experience.
◉ Technical Aspects
● Weekly Chart
➖ In July 2023, the stock peaked at around the 27 level but then encountered considerable selling pressure, leading to a drop towards the 10 level.
➖ Following an extensive period of consolidation, the price has recently achieved a breakthrough and is trending upwards.
● Daily Chart
➖ The daily chart reveals the formation of an Inverted Head & Shoulders pattern.
➖ After a recent breakout, the stock price is currently consolidating just above the breakout level, with expectations of future increases.
◉ Technical Indicators
1. RSI (Daily Chart)
➖ Current RSI of this stock is 66.42, which indicates the strength of buyers.
2. ADX & DI (Daily Chart)
➖ Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
3. MFI (Daily Chart)
➖ The current MFI is 59.04, suggesting that the stock is not in an overbought state.
4. EMA’s (Daily Chart)
➖ The stock price is currently positioned above all key EMAs, indicating robust momentum.
◉ Relative Strength
➖ The chart highlights Opera's impressive outperformance of the Nasdaq Composite index, driven by a substantial 50% annual return.
◉ Revenue and Profit Analysis
● Year-over-Year
➖ Opera Limited reported strong financial performance in fiscal year 2023, with revenue reaching $396.8 million, representing a 20% increase from $331 million in fiscal year 2022.
➖ The company's EBITDA also saw significant growth, rising 35% to $69.2 million from $51.2 million in the prior year, while the EBITDA margin expanded to 17.4% from 15.5%.
● Quarter-over-Quarter
➖ Opera Limited's quarterly performance ending September 2024 was equally impressive, with revenue climbing 12% to $123.2 million from $109.7 million in the preceding quarter and 21% from $102 million in the same quarter last year.
➖ Additionally, EBITDA increased 5% to $27.3 million, and diluted earnings per share (LTM) edged up to $1.78 from $1.75 in the previous quarter.
◉ Valuation
1. P/E Ratio
● Current P/E vs. Peer Average P/E
➖ Analyzing the P/E ratio reveals that OPRA stands at 10.1x, highlighting a substantial undervaluation when compared to the peer average of 66.5x.
● Current P/E vs. Industry Average P/E
➖ Within the US software sector, OPRA's P/E ratio of 10.1x is markedly lower than the industry average of 41.9x, signaling that it is relatively inexpensive.
2. P/B Ratio
● Current P/B vs. Peer Average P/B
➖ Examining the P/B ratio, OPRA's current figure of 1.8x falls short of the peer average of 5.5x, indicating a relative undervaluation.
● Current P/B vs. Industry Average P/B
➖ When juxtaposed with the industry average, OPRA's P/B ratio of 1.8x points to a notable undervaluation, as the industry average stands at 3.7x.3.7x.
3. PEG Ratio
➖ A PEG ratio of 0.07 implies that the stock is undervalued in relation to its anticipated earnings growth.
◉ Cash Flow Analysis
➖ In the fiscal year 2023, operational cash flow saw impressive growth, soaring to $82.8 million, a significant rise from the $56.7 million recorded in fiscal year 2022.
◉ Debt Analysis
➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health.
◉ Top Shareholders
➖ Arrowstreet Capital's stake in the company stands at 1.23%, indicating a 4.9% reduction in holdings from the prior quarter.
◉ Analyst Price Target
➖ The 12-month consensus price target for Opera stands at $24.20, implying a substantial potential appreciation of 32% from current levels, presenting an attractive investment opportunity.
◉ Conclusion
Opera's attractive valuation and impressive financial performance make it a compelling investment opportunity. However, the company's financial outlook is not without challenges. Market uncertainty and unforeseen events pose risks, while its e-commerce monetization efforts remain vulnerable to market volatility and competition. Additionally, Opera operates in a highly competitive browser market, where intense rivalry could impact user engagement, retention, and revenue. Despite these challenges, the industry's significant growth prospects support a positive outlook, driven by Opera's strengths and resilience, making it an attractive investment choice.
Investmentidea
Vita Coco: Hydrating Investors with Impressive Growth Prospects◉ Abstract
The US coconut water market, projected to grow at 18.10% CAGR to $5.12 billion by 2029 from $1.89 billion in 2023, presents significant opportunities. Vita Coco, the market leader, demonstrates resilience amidst supply chain challenges. Notably, industry giants Coca-Cola and PepsiCo, which previously ventured into this space with ZICO and O.N.E., respectively, have since divested their interests, validating Vita Coco's competitive advantage. With a debt-free balance sheet, 15% revenue growth in FY2023, and expanding EBITDA margins, its fundamentals remain strong. This robust growth trajectory, combined with a solid financial foundation, positions the company as an attractive investment opportunity, offering potential for long-term value creation and substantial returns. Investors seeking exposure to the burgeoning natural and organic beverages market may find this growth story compelling.
Read full analysis here………..
◉ Introduction
The coconut water beverage market in the United States is experiencing significant growth, driven by increasing health consciousness among consumers and a rising demand for natural and organic beverages. Here are the key insights into the current state and future projections of this market.
◉ Current Market Size and Growth Rate
The U.S. coconut water market was valued at USD 1.89 billion in 2023 and is projected to reach USD 5.12 billion by 2029, growing at a CAGR of 18.10% during this period.
◉ Key Growth Drivers
● Health Consciousness: Increasing consumer preference for natural, low-calorie beverages that offer hydration and essential electrolytes.
● Rising Demand for Functional Beverages: Coconut water is popular among athletes and health enthusiasts for its functional benefits, such as electrolyte replenishment.
● Growth of Organic Products: Rising demand for organic coconut water as consumers seek clean-label products free from additives.
● Innovative Product Offerings: Introduction of flavoured coconut water and convenient packaging options, such as cans, enhances appeal and accessibility.
● Increased Availability and Distribution: Wider retail presence in supermarkets, health food stores, and online platforms boosts market accessibility.
● Cultural Acceptance: Traditional significance of coconut water in regions where coconuts are common supports its global popularity.
● Sustainability Trends: Eco-friendly packaging and sustainable sourcing practices attract environmentally conscious consumers.
◉ Major Players in the US Coconut Water Industry
1. Vita Coco
● Market Position: Vita Coco is one of the leading brands in the coconut water segment, known for its wide range of flavours and strong brand recognition.
● Product Offerings: Offers plain and flavoured coconut water in various sizes.
● Market Share: Holds a substantial portion of the market, often cited as the top player.
2. Coca-Cola Company (ZICO)
● Market Position: Previously owned ZICO, a well-known coconut water brand, which Coca-Cola acquired in 2012 but later discontinued in 2020.
● Current Status: While ZICO is no longer on the market, Coca-Cola remains a significant player through its other beverage offerings.
3. PepsiCo (O.N.E.)
● Market Position: PepsiCo's O.N.E. brand was a notable competitor in the coconut water space until its divestment in 2021.
● Current Status: PepsiCo has shifted focus away from this segment but retains influence through its broader beverage portfolio.
4. C2O Pure Coconut Water
● Market Position: C2O is recognized for its pure coconut water sourced from Thailand, emphasizing quality and natural ingredients.
● Market Share: It holds a significant share among niche brands.
5. Taste Nirvana
● Market Position: Specializes in high-quality coconut water sourced from Thailand, focusing on authentic taste and premium offerings.
● Product Range: Includes both plain and flavoured varieties.
6. Amy & Brian Naturals
● Market Position: Offers 100% natural coconut water with no additives, appealing to health-conscious consumers.
● Distribution: Available through various retail channels, including health food stores.
7. Other Notable Brands
● Additional brands such as Raw C, Bai, and Harmless Harvest also contribute to the market's competitive landscape, offering unique products that cater to different consumer preferences.
In an industry poised for robust growth, we will conduct an in-depth examination of Vita Coco's technical and fundamental aspects.
◉ Company Overview
The Vita Coco Company Inc. NASDAQ:COCO is a leading developer, marketer, and distributor of coconut water products and other beverages. Its portfolio includes Vita Coco coconut water, coconut oil, and coconut milk, as well as Runa plant-based energy drinks, Ever & Ever packaged water, and PWR LIFT protein-infused fitness drinks. The company also offers private label coconut water and oil solutions for retailers. With a global presence spanning the United States, Canada, Europe, Middle East, Africa, and Asia Pacific, Vita Coco's products are available through various channels, including club stores, food and drug retailers, convenience stores, e-commerce platforms, and foodservice providers. Founded in 2004 and headquartered in New York, New York, the company formerly operated as All Market Inc. before adopting its current name in September 2021.
◉ Investment Advice
💡 Buy The Vita Coco Company NASDAQ:COCO
● Buy Range - 30.3 - 31.3
● Sell Target - 43 - 44
● Potential Return - 37% - 40%
● Approx Holding Period - 12-14 months
◉ Market Capitalization - $2.01 B
◉ Technical Analysis
● Weekly Chart
➖ Since its debut in 2021, the stock has undergone a prolonged consolidation phase, during which it developed a Rounding Bottom pattern.
➖ Following the breakout, the stock price surged initially but quickly transitioned into another consolidation phase, forming a Symmetrical Triangle pattern.
➖ Recently, a strong breakout has set the stage for considerable upward momentum.
● Daily Chart
➖ On the daily chart, an Inverted Head & Shoulders pattern is clearly visible.
➖ After a recent breakout, the stock price is now aiming for new highs.
◉ Relative Strength
The stock's performance over the past year has not matched up to the Nasdaq index, achieving a modest return of 22.5%, in contrast to the Nasdaq's impressive 40% return.
◉ Location Wise Revenue Breakdown
Total Revenue in 2023: $494 million
● Americas Segment:
➖ Total Revenue from Americas: Approximately $424 million.
➖ Revenue from the United States: Around $401.97 million, reflecting substantial growth from $352.73 million in the previous year.
● International Segment:
➖ Total Revenue from International: Approximately $70 million, indicating a smaller contribution compared to the Americas.
◉ Revenue and Profit Analysis
● Year-over-Year
➖ For the fiscal year 2023, the company reported a revenue of $493.6 million, marking a 15% increase from the $427.8 million recorded in fiscal year 2022.
➖ The EBITDA for FY23 also saw a remarkable rise, reaching $57.5 million, a significant jump from just $12.3 million in FY22.
➖ Additionally, the EBITDA margin expanded to 11.6%, up from a mere 2.9% during the same timeframe.
● Quarter-over-Quarter
➖ In the most recent quarter ending in September, revenue fell to $133 million, down from $144 million in June 2024. This figure also represents a decline from $138 million in the same quarter last year.
➖ The EBITDA for this latest quarter was $20.8 million, a decrease from $30.2 million in June 2024.
➖ In September, the diluted EPS experienced a modest rise, increasing to $1 (LTM) from $0.94 (LTM) in June 2024.
◉ Valuation
1. P/E Ratio
● Current P/E vs. Peer Average P/E
➖ When examining the P/E ratio, COCO is at 33.9x, which suggests a considerable overvaluation compared to the peer average of 22.4x.
● Current P/E vs. Industry Average P/E
➖ In the context of the Global Beverage industry, COCO's P/E ratio of 33.7x is significantly higher than the industry average of 18.8x, indicating that it is relatively expensive.
2. P/B Ratio
● Current P/B vs. Peer Average P/B
➖ Looking at the P/B ratio, COCO's current value of 8x is lower than the average of its peers, which stands at 10.5x, suggesting a relative undervaluation.
● Current P/B vs. Industry Average P/B
➖ In comparison to the industry average, COCO's P/B ratio of 8x indicates a significant overvaluation, as the industry average is only 5.1x.
3. PEG Ratio
➖ A PEG ratio of 0.6 suggests that the stock is undervalued relative to its expected earnings growth.
◉ Cash Flow Analysis
➖ In fiscal year 2023, operational cash flow experienced remarkable growth, reaching $107 million, a substantial increase from only just $11 million in fiscal year 2022.
◉ Debt Analysis
➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health.
◉ Earnings per Share (EPS) Growth Forecasts
➖ Experts forecast that the earnings per share (EPS) could increase from $1 to $1.09 by December 2025, and further rise to $1.3 by December 2026.
◉ Top Shareholders
➖ Blackrock has significantly increased its investment in this stock, now holding an impressive 5.55% stake, which marks a 7.4% rise since the end of the June quarter.
➖ On the other hand, The Vanguard Group has a stake of approximately 4.31% in the company, representing a 3% rise from the June quarter.
◉ Conclusion
The coconut water market is booming due to health trends, functional beverage demand, innovation, and wider availability. Vita Coco, despite Q3 supply chain woes, is optimistic about the future and is investing in inventory and production capacity. Despite overvaluation, the company's growth potential is significant, driven by the rising demand for organic products.
Ralph Lauren: Elevate Your Wealth with the Essence of Luxury◉ Abstract
Ralph Lauren is thriving in the booming luxury apparel market. The company, founded in 1967, has a market cap of $11.83 billion and generates nearly 44% of its revenue from North America, totaling $2.93 billion. The industry is valued at approximately $110.13 billion in 2024 and projected to reach $151.32 billion by 2029, growing at a CAGR of 6.56%.
Recent technical analysis shows Ralph Lauren's stock has outperformed the NYSE Composite index with a 66% annual return. Despite a slight revenue increase of 2.9% year-on-year, EBITDA soared to $1,024 million, reflecting strong financial health. With a current P/E ratio of 17.4x, Ralph Lauren presents an attractive investment opportunity amidst rising global wealth and consumer demand for luxury goods.
Read full analysis here . . .
◉ Introduction
The global luxury apparel market is currently experiencing significant growth, driven by various factors including increasing disposable incomes, brand loyalty, and the rising influence of social media on consumer behaviour.
Here’s a detailed overview of the market size and growth outlook:
◉ Current Market Size
According to Mordor Intelligence, the global luxury apparel market was valued at approximately USD 110.13 billion in 2024, with expectations to grow to USD 151.32 billion by 2029, reflecting a CAGR of 6.56%.
◉ Growth Drivers
● Increasing Wealth: The rising number of millionaires globally and growing middle-class affluence, particularly in regions like Asia-Pacific, are significant contributors to luxury apparel demand.
● Consumer Trends: There is a growing perception that luxury goods enhance social status, which fuels consumer interest in high-end fashion.
● Digital Influence: Enhanced online shopping experiences and the effective use of social media for marketing have opened new avenues for luxury brands to reach consumers.
◉ Regional Insights
● Europe
Dominant Market: Holds a market share of approximately 34% to 43%. The presence of numerous luxury brands and high purchasing power among consumers drive demand, supported by significant tourist spending on luxury goods.
● North America
Strong Demand: The U.S. is a key player, characterized by a wealthy consumer base and increasing brand loyalty, particularly among younger generations who view luxury items as status symbols.
● Asia-Pacific
Fastest Growing Market: Anticipated to grow rapidly due to rising disposable incomes and brand awareness, especially in countries like China and India.
● Latin America
Emerging Potential: Currently holds a smaller market share but shows promise for growth as consumer awareness and travel increase.
● Middle East & Africa
Limited Contribution: This region contributes the least to the luxury apparel market, although countries like the UAE are seeing growth due to tourism.
The overall outlook for the luxury apparel market remains optimistic, supported by evolving consumer preferences and increasing global wealth.
Amidst the global luxury apparel market's promising growth prospects, we have identified Ralph Lauren as a prime opportunity for investment. With its robust financial performance and impressive technical indicators, Ralph Lauren is well-positioned to propel success.
◉ Company Overview
Ralph Lauren Corporation NYSE:RL is a renowned American fashion company known for its high-quality, luxury lifestyle products. Founded in 1967 by the iconic designer Ralph Lauren, the company has become a global symbol of timeless style and sophistication. The company offers a wide range of products, including apparel, footwear, accessories, home goods, fragrances, and hospitality. Ralph Lauren's iconic polo shirt and strong brand identity have contributed to its success, making it a global leader in the luxury fashion industry.
◉ Investment Advice
💡 Buy Ralph Lauren Corporation NYSE:RL
● Buy Range - 190 - 193
● Sell Target - 245 - 250
● Potential Return - 27% - 30%
● Approx Holding Period - 8-10 months
◉ Market Capitalization - $11.83 B
◉ Peer Companies
● Tapestry NYSE:TPR - $10.59 B
● Levi Strauss NYSE:LEVI - $8.57 B
● PVH Corp. NYSE:PVH - $5.44 B
● Columbia Sportswear Company NASDAQ:COLM - $4.87 B
◉ Relative Strength
The chart clearly illustrates that Ralph Lauren has greatly outperformed the NYSE Composite index, achieving an impressive annual return of 66%.
◉ Technical Aspects
● Monthly Chart
➖ The monthly chart clearly shows that the stock price faced several rejections near the 190 level, which ultimately triggered a significant drop, brought the price down to the 66 level.
➖ Afterward, the price experienced various fluctuations and, after a prolonged consolidation phase, developed an Inverted Head & Shoulders pattern.
➖ Upon breaking out, the price surged upward but encountered resistance again at the previous resistance zone.
➖ However, after a pullback, the stock has successfully surpassed this resistance for the first time in almost 11 years.
● Daily Chart
➖ On the daily chart, the price has formed a Rectangle pattern following a brief consolidation phase and has recently made a breakout.
➖ If the price can hold above the 190 level, we can expect a bullish movement in the coming days.
◉ Revenue Breakdown - Location Wise
Ralph Lauren Corporation is a global luxury brand with a strong presence in various regions.
➖ North America remains Ralph Lauren's biggest market, contributing nearly 44% of its total revenue, which amounts to $2.93 billion.
➖ In Europe , the brand is seeing consistent growth, with revenue reaching around $2 billion, making up about 30% of total earnings.
➖ Asia , especially China, is becoming a key player for Ralph Lauren, generating approximately $1.58 billion, or 24% of total revenue.
◉ Revenue & Profit Analysis
● Year-on-year
➖ In the fiscal year 2024, the company achieved a modest revenue increase of 2.9%, totaling $6,631 million, compared to $6,443 million in the prior year.
➖ On the other hand, EBITDA growth has been remarkable, soaring to $1,024 million from $801 million in FY23. The current EBITDA margin stands at an impressive 15.5%.
➖ Additionally, diluted earnings per share (EPS) experienced a substantial year-over-year rise of 28%, reaching $9.71 in FY24, up from $7.58 in FY22.
● Quarter-on-quarter
➖ In terms of quarterly performance, the company reported a decline in sales over the last three quarters, with the most recent quarter showing sales of $1,512 million, down from $1,568 million in March 2024 and $1,934 million in December 2023.
➖ Nevertheless, EBITDA demonstrated significant growth in the June quarter, climbing to $265 million from $176 million in March 2023.
◉ Valuation
● P/E Ratio
➖ Current P/E Ratio vs. Median P/E Ratio
The current price-to-earnings ratio for this stock stands at 17.4x, which is notably elevated compared to its four-year median P/E ratio of 5.7x. This suggests that the stock is presently overvalued.
➖ Current P/E vs. Peer Average P/E
When evaluating the stock's Price-To-Earnings Ratio of 17.4x, it shows a more attractive valuation, as it is lower than the peer average of 25.5x.
➖ Current P/E vs. Industry Average P/E
RL is positioned at a more appealing price point, with a Price-To-Earnings Ratio of 17.4x, which is significantly less than the US Luxury industry's average of 19.x.
● P/B Ratio
➖ Current P/B vs. Peer Average P/B
The current P/B ratio reveals that the stock is considerably higher than its peers, with a ratio of 5x compared to the peer average of 3x.
➖ Current P/B vs. Industry Average P/B
In comparison to the industry average, RL's current P/B ratio of 5x indicates that it is substantially overvalued, as the industry average is only 2.2x.
● PEG Ratio
A PEG ratio of 0.54 suggests that the stock is undervalued relative to its expected earnings growth.
◉ Cash Flow Analysis
In fiscal year 2024, operational cash flow experienced remarkable growth, reaching $1,069 million, a substantial increase from $411 million in fiscal year 2023.
◉ Debt Analysis
The company currently holds a long term debt of $1,141 million with a total equity of $2,367 million, makes long-term debt to equity of 48%.
◉ Top Shareholders
➖ The Vanguard Group has significantly increased its investment in this stock, now owning an impressive 8.23% stake, which marks a 3.9% rise since the end of the March quarter.
➖ Meanwhile, Blackrock holds a stake of around 4.11% in the company.
◉ Conclusion
After a thorough evaluation, we find that Ralph Lauren Corporation is strategically poised to thrive in the expanding luxury apparel market, driven by increasing disposable incomes and a growing appetite for high-end products.
ADITYA BIRLA FASHION (ABFRL) Time to dive for a swing
ADITYA BIRLA FASHION (ABFRL) is trading near its 52 week high & consolidated for few weeks and trying to break resistance, once it breaks and sustain above resistance price will move towards 500INR.
This is just my overview on the basis of price action and i am not recommending to buy or sell.
(I am not SEBI registered)
Corcept Therapeutics: A Shining Star in US BiotechCorcept Therapeutics is making waves in the booming U.S. biotech scene, with its stock surging 46.2% over the past six months. The company, known for its Cushing's syndrome drug, Korlym, reported a staggering 39.1% year-over-year sales increase, reaching $310.6 million in H1 2024. With a market cap of $4.42 billion, Corcept is actively developing new treatments like Relacorilant, which shows promise in clinical trials.
Despite a high PE ratio of 35.3x compared to the industry average of 19x, its strong revenue growth and commitment to R&D position it as a solid investment opportunity in the fast-growing biotech market projected to reach $1,786 billion by 2033.
◉ The US Biotech Industry Outlook
The biotech boom in the U.S. is hotter than a California summer! Fueled by groundbreaking tech and government cheerleading, the industry is soaring higher than a SpaceX rocket. According to Vision Research Reports, the market is projected to soar by 12.4% CAGR from 2024 to 2033. This rapid expansion is driven by advancements in areas like genomics, gene editing, and personalized medicine, positioning the U.S. as a global leader in healthcare innovation.
➖ The US biotechnology market size was valued at $552.43 billion in 2023 and is anticipated to hit around $1,786 billion by 2033.
➖ Key players like Abbvie Inc., Genentech Inc., and Amgen Inc. are leading the market.
Acknowledging the remarkable expansion of the biotech sector, we are taking a closer look at a stock that is showing considerable strength in its technical chart, complemented by robust financial performance.
◉ Company Overview
Corcept Therapeutics NASDAQ:CORT is a biopharmaceutical company dedicated to developing innovative treatments for severe endocrine, oncologic, and metabolic disorders. Their lead product, Korlym, is approved for Cushing's syndrome, a rare endocrine condition. Corcept is also advancing several pipeline candidates, including relacorilant for Cushing's syndrome, treatments for various cancers, and potential therapies for neurological conditions like amyotrophic lateral sclerosis and nonalcoholic steatohepatitis. Founded in 1998, Corcept is based in Menlo Park, California.
◉ Significant Stock Performance of Corcept Therapeutics
Corcept Therapeutics Incorporated's stock price has risen 46.2% in the past six months, despite a 2% industry decline. This surge is attributed to strong demand for Korlym, the company's sole marketed drug used to treat Cushing's syndrome, a condition that is primarily cured with mifepristone.
◉ The Economic Impact of Korlym
The primary source of revenue for Corcept emanates from the sales of Korlym. The drug has showcased remarkable growth, evidenced by a 39.1% year-over-year sales increase, culminating in $310.6 million during the first half of 2024. This growth is attributed to robust demand and an unprecedented number of patients being prescribed the medication.
◉ Corcept's Stock Growth Factors
● Potential of Relacorilant: Positive GRACE study results suggest relacorilant could be a valuable treatment for Cushing's syndrome, potentially driving revenue growth.
● Pipeline Diversification: Corcept's ongoing exploration of relacorilant in GRADIENT study demonstrates commitment to expanding pipeline.
● Regulatory Progress: Successful completion of GRACE study positions Corcept for a new drug application in late 2024.
● Market Need: Successful relacorilant could fill significant unmet medical need for Cushing's syndrome.
Investent Advice by Naranj Capital
Buy Corcept Therapeutics NASDAQ:CORT
● Buy Range- 38 - 40
● Target- 55 - 58
● Potential Return- 35% - 40%
● Invest Duration- 12-14 Months
◉ Market Capitalization - $4.42 B
◉ Peer Companies
● Prestige Consumer Healthcare NYSE:PBH - $3.644 B
● Jazz Pharmaceuticals NASDAQ:JAZZ - $6.766 B
● Amphastar Pharmaceuticals NASDAQ:AMPH - $2.423 B
● Organon NYSE:OGN - $5.142 B
◉ Relative Strength
➖ The chart distinctly demonstrates that NASDAQ:CORT has significantly surpassed the US Smallcap 2000 index, attaining an impressive annual return of 30%, marking a remarkable accomplishment.
◉ Technical Aspects
● Monthly Chart
➖ The historical chart shows that the stock price is trending upward, marked by a sequence of higher highs and higher lows.
➖ Having recently moved out of the parallel channel, the price is set for additional gains.
● Daily Chart
➖ After an extended period of consolidation, the stock price has formed an Inverted Head & Shoulders pattern.
➖ Post-breakout, the stock has stabilized above the breakout point and is now striving for new highs.
➖ A surge in trading volume suggests that buyers are currently showing significant interest.
◉ Revenue & Profit Analysis
● Year-on-year
➖ In the fiscal year 2023, revenue experienced a significant increase of 20.4%, amounting to $482.4 million, compared to $401.9 million in fiscal year 2022.
➖ However, EBITDA faced a downturn, decreasing to $108.3 million in FY23 from $113.9 million in FY22.
➖ The EBITDA margin also saw a reduction, falling to 22.46% from 28.34% in FY22.
➖ Moreover, diluted earnings per share (EPS) rose by 8% year-over-year, climbing to $0.94 in FY23, up from $0.87 in FY22.
**While the growth in EBITDA might raise some concerns, it's crucial to acknowledge that the company is heavily investing in its research and development sector, and this investment has seen substantial increases over the years.
● Quarter-on-quarter
➖ In the most recent June quarter, the company reached an impressive achievement, with quarterly sales hitting a record high of $163.8 million. This represents a 12% increase from the $146.8 million reported in the March quarter and a substantial 39% growth compared to $117.7 million in the corresponding quarter of the previous year.
➖ Additionally, EBITDA rose from $29.6 million to $36.2 million during the latest quarter.
◉ Valuation
◉ PE Ratio
● PE vs Median PE
➖ Corcept Therapeutics sustained a median price-to-earnings ratio of 19.7x from December 2019 to 2023.
➖ Presently, with a price-to-earnings ratio of 35.3x, the stock seems to be relatively expensive.
● PE vs. Peers PE
➖ CORT's Price-To-Earnings Ratio stands at 35.3x, making it quite pricey when compared to the average of its peers, which is only 13.6x.
● PE vs. Industry PE
➖ CORT's valuation seems high, as it has a Price-To-Earnings Ratio of 35.3x, which is considerably above the US Pharmaceuticals industry average of 19x.
◉ PB Ratio
● PB vs. Peers PB
➖ The current price-to-book (P/B) ratio suggests that the stock is slightly undervalued, sitting at 7.4x compared to the peer average of 10.8x.
➖ However, it's important to note that a P/B ratio of 7.4x is typically seen as significantly overvalued.
● PB vs. Industry PB
➖ When we analyze the P/B ratio against the industry standard, CORT stands out as being notably overvalued, with its P/B ratio of 7.4x far exceeding the industry average of just 1.7x.
● PEG Ratio
➖ The stock currently seems to present a compelling investment opportunity, featuring a PEG ratio of 0.84.
◉ Cash Flow Analysis
➖ In FY23, operating cash flow increased to $127 million, compared to $120.3 million in FY22. However, it's essential to recognize that when examining the overall trend from FY19 to FY23, there has been a decline in cash flow from operations.
◉ Debt Analysis
➖ CORT operates without any debt, showcasing the robust financial health of the company.
◉ Top Shareholders
➖ Blackrock presently possesses a significant 15.8% ownership in this stock, while The Vanguard Group maintains approximately 9.1% stakes.
◉ Conclusion
Following a comprehensive examination of technical and fundamental metrics, our assessment indicates that Corcept Therapeutics possesses substantial growth potential within the US biotechnology sector. Notwithstanding elevated valuations, the company's increasing research and development expenditures demonstrate a strong commitment to its future prospects. Consequently, we consider Corcept Therapeutics a prudent investment choice at this juncture.
EdTech Unicorn Stride Surges: Strong Financials Fuel Rally!The EdTech revolution is progressing rapidly! As technology advances, internet access grows swiftly, and students seek innovative learning methods, the global EdTech market is flourishing.
North America currently holds a significant 37.3% share, but regions such as the Middle East and Africa, Europe, and Asia-Pacific are gaining ground, fueled by government support, digital literacy, and a burgeoning middle class. It's an exciting time for digital learning, and there's even more to look forward to!
◉ EdTech Market Growth Outlook
➖ Valuation projected to rise from $220.5 million in 2023 to $810.3 million by 2033.
➖ Compound Annual Growth Rate (CAGR) of 13.9%.
◉ Government Initiatives Supporting EdTech Sector
The US Department of Education has allocated $277 million in new grants through the Education Innovation and Research program to enhance educational equity and innovation, particularly in areas affected by the COVID-19 pandemic, specifically focusing on STEM education and rural regions.
Recognizing the enormous opportunity in EdTech, we're examining a stock that exhibits remarkable growth potential within the sector.
◉ Company Overview
Stride Inc. NYSE:LRN is a tech-driven education service provider offering proprietary and third-party online curricula, software, and services in the U.S. and globally. Their products support personalized learning for K-12 students through virtual and blended public schools, individual online courses, and supplemental materials in subjects like math, English, science, and history. Stride also emphasizes career learning in fields such as IT, healthcare, and business, and operates tuition-based private schools. Additionally, they provide post-secondary programs in software engineering and healthcare under brands like Galvanize and Tech Elevator, along with staffing services. Rebranded from K12 Inc. in December 2020, Stride has been incorporated since 1999 and is headquartered in Reston, Virginia.
Investent Advice by Naranj Capital
Buy Stride NYSE:LRN
● Buy Range- 77 - 80
● Target- 115 - 120
● Potential Return- 45% - 50%
● Invest Duration- 12-18 Months
◉ Market Capitalization - $3.31 B
◉ Peer Companies
➖ Graham Holdings NYSE:GHC - $3.23 B
➖ Adtalem Global Education NYSE:ATGE - $2.67 B
➖ Grand Canyon Education NASDAQ:LOPE - $4.04 B
➖ Laureate Education NASDAQ:LAUR - $2.25 B
◉ Technical Aspects
● Monthly
➖ The stock price initially faced resistance at $40 in 2011 but later found support at $17.
➖ Despite several attempts to break through resistance, the stock experienced significant declines.
➖ However, after a 12-year period, it finally broke out and rallied to a high of $84.
➖ Currently trading at $77.7, the stock is expected to continue rising in the near future
● Daily
➖ The daily chart indicates a clear uptrend in the price movement.
➖ An ascending triangle pattern has formed, and following the breakout, the price has retraced to the breakout level.
➖ At this moment, the price is attempting to find support at the 50 EMA.
➖ From a technical standpoint, the stock is resting at a support level, making it an attractive option for accumulation with a mid to long-term investment outlook.
◉ Relative Strength
➖ The chart clearly illustrates that Stride Inc. has greatly outperformed the US Smallcap 2000 index, achieving an impressive annual return of 82%, which is a notable achievement.
◉ Revenue & Profit Analysis
● Year-on-year
➖ In FY24, revenue surged by 11.3%, reaching $2,040 million, up from $1,837 million in FY23.
➖ EBITDA saw a substantial boost, climbing to $295.3 million in FY24 compared to $225.2 million the previous year.
➖ The EBITDA margin also experienced growth, rising to 14.47% from 12.26% in FY23.
➖ Additionally, diluted EPS witnessed an impressive increase of 57.91%, jumping to $4.69 in FY24 from $2.97 in FY23.
● Quarter-on-quarter
➖ In the latest June quarter, the company achieved a remarkable milestone with quarterly sales reaching an all-time high of $520.8 million. This marks a 3% increase from the $504.9 million recorded in the March quarter and a significant 10.75% rise compared to $470.3 million in the same quarter last year.
➖ EBITDA declined from $100.2 million to $82.3 million in the latest quarter, representing a 17.8% decrease.
◉ Valuation
◉ PE Ratio
● Current PE Ratio vs. Median PE Ratio
➖ The present price-to-earnings ratio for this stock is 16.2x, which is considerably below its four-year median price-to-earnings ratio of 18.9x times, indicating that the stock is currently undervalued.
● Current PE vs. Peer Average PE
➖ The stock presents a favorable valuation when considering its Price-To-Earnings Ratio of 16.2x, which is lower than the average of its peers at 18.3x.
● Current PE vs. Industry Average PE
➖ Stride appears to be offered at a more competitive price, featuring a Price-To-Earnings Ratio of 16.2x, which is significantly below the average of 19.2x for the US Consumer Services industry.
◉ PB Ratio
● Current PB vs. Peer Average PB
➖ The present PB ratio in relation to the average PB of peers indicates that the stock is somewhat higher, with a ratio of 2.8x in contrast to the peer average of 2.6x.
● Current PB vs. Industry Average PB
➖ When comparing the current PB ratio to the industry average, Stride appears to be considerably overvalued, exhibiting a PB ratio of 2.8x, while the industry average stands at 1.6x.
◉ Cash Flow Analysis
➖ The cash generated from operations has experienced substantial growth in fiscal year 2024, increasing to $278.8 million from $203.2 million in fiscal year 2023.
◉ Debt Analysis
➖ Stride has a total debt of $528.2 million, resulting in a debt-to-equity ratio of 0.44.
➖ The company generates sufficient interest income to exceed its interest expenses, indicating that interest payment coverage is not an issue.
◉ Top Shareholders
➖ BlackRock Inc. holds a significant ownership interest in this company, with a notable stake of 14.9%. This level of investment reflects BlackRock's confidence in the company's potential for growth and profitability.
➖ The Vanguard Group also maintains a considerable presence, owning 10.7% of the company's shares.
➖ Together, these two investment giants represent a substantial portion of the company's equity, indicating strong institutional support and interest in its future performance.
◉ Conclusion
Upon examining Stride Inc.'s financial performance, we focused on essential metrics such as revenue growth, profit margins, and the stability of cash flow. Additionally, we assessed the company's future growth potential by looking into industry trends and the competitive landscape.
As a result, we are confident that Stride Inc. is positioned to capitalize on new opportunities while effectively navigating challenges, making it an attractive option for both investors and stakeholders.
Mahindra & Mahindra updateAs expected maket reached at extreme ob and moved 107 points 4% up trend hope in future we can expect a more on this investment 😉
Happy trading 🥰
NOC vs LMT: A Valuation War Between Top Defence Manufacturers!ABOUT COMPANIES
Northrop Grumman NYSE:NOC excels in advanced aircraft systems, divided into four main areas: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems designs and manufactures cutting-edge aircraft for the U.S. military and global clients. Defense Systems integrates battle management and weaponry, while Mission Systems delivers innovative solutions for defense and intelligence. Space Systems focuses on solutions for national security and commercial purposes. Established in 1939 by John K. Northrop and others, the company is headquartered in Falls Church, VA.
Lockheed Martin NYSE:LMT stands as a top global security and aerospace company, dedicated to the research, design, and production of advanced technology systems. It operates in four primary segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment focuses on military aircraft, including combat and drones. MFC specializes in air and missile defense and precision strike systems. RMS develops military and commercial helicopters and cyber solutions, while the Space segment creates satellites and defense systems. Founded in 1912, the company is located in Bethesda, MD.
MARKET CAPITALIZATION
● Northrop Grumman (NYSE: NOC) - $75.96 Billion
● Lockheed Martin (NYSE: LMT) - $135.53 Billion
TECHNICAL ASPECTS
● Northrop Grumman
➖ The monthly chart shows that the stock price is currently on a distinct upward path.
➖ Previously, it faced resistance around the $360 level, caused a notable pullback.
➖ Subsequently, the price formed a Double Bottom pattern and broke out successfully.
➖ This breakout drove the price to an all-time high near the $556 level but the price started declining from there.
➖ Nevertheless, the stock price found strong support around the $420 level, allowed it to bounce back.
➖ Currently, the stock is approaching its previous all-time high, and if it can overcome that resistance, we can anticipate further price increases in the coming days.
● Lockheed Martin
➖ This stock is on a strong upward trajectory, consistently achieving higher highs and higher lows.
➖ Following a significant breakout around the $500 mark, the stock price surged and is now trading at $568.5, just shy of its all-time peak of $578.7.
➖ From a technical perspective, the price is hovering just below the upper boundary of a parallel channel, which may act as a resistance point.
➖ However, if the price can break through this range and maintain that momentum, we could see even greater upward movement ahead.
Relative Strength
● The chart shows that the NYSE Composite TVC:NYA has provided a solid return on investment of about 18% in the last year. In comparison, Northrop Grumman and Lockheed Martin have done even better, with returns of around 20% and 27%, respectively.
REVENUE BREAKDOWN
● Northrop Grumman
The company derives its income from four main segments.
➖ The largest share comes from the space systems segment, contributing around 33%, which equates to $14.34 billion out of a total revenue of $43 billion.
➖ Next, the aeronautics systems segment adds nearly 27%, bringing in $11.61 billion of the overall revenue.
➖ The mission systems segment follows closely, accounting for about 26%, or $11.12 billion of the total.
➖ Finally, the defense systems segment generates nearly 14%, totaling $5.99 billion of the overall revenue.
● Lockheed Martin
Similar to Northrop Grumman, this company also operates through four segments to drive its revenue.
➖ The aeronautics segment leads the way, contributing around 38.4%, which amounts to nearly $28.77 billion of the total revenue of $74.85 billion.
➖ The rotary and mission systems segment accounts for 26.4% of revenue, equating to $19.76 billion.
➖ Next, the space segment contributes 17.8%, which is $13.33 billion.
➖ Finally, the missile and fire control segment makes up 17.4%, totaling $12.99 billion of the overall revenue.
REVENUE & PROFIT ANALYSIS
● Northrop Grumman
Revenue
➖ For the FY23 the revenue has jumped by 7.3% to $39.3 B from $36.6 B in FY22.
➖ In the recent June quarter there is no significant surge in revenue as the recent quarterly revenue stands at $10.2 B compared to $10.1 B in the march 2024. But from the last year June quarter the revenue has grown by almost 6% from $9.6 B.
Profit
➖ The operating profit has experienced a decline, with FY23 reporting only $2.9 billion, a drop from $6.3 billion in FY22.
➖ In the latest June quarter, the operating profit held steady at $1.3 billion, unchanged from the March quarter.
Basic EPS (LTM)
➖ The basic EPS saw a slight rise in June, climbing to $15.26 (LTM) from $14.33 (LTM) in March 2024. However, compared to the same quarter last year, there has been a significant drop from $30.23 (LTM)
Analyzing these numbers shows that although revenue has risen, the company is having difficulty producing profits, which may impact the share price in the near term.
● Lockheed Martin
Revenue
➖ In FY23, the company experienced a slight revenue increase of 2.4%, rising to $67.6 billion from $66 billion in FY22.
➖ During the recent June quarter, revenue reached $18.1 billion, up from $17.2 billion in the March quarter. Compared to the same quarter last year, this represents a significant growth of approximately 8.6%, up from $16.7 billion.
Profit
➖ The operating income has experienced a year-over-year increase. For FY23, it reached $9.0 billion, marking a 23% rise from $7.3 billion in FY22.
➖ However, there hasn't been a notable change in operating profit on a quarter-over-quarter basis. In June, the operating profit stood at $2.2 billion, slightly up from $2.1 billion in March. This figure is consistent with the operating profit reported in the same quarter last year.
Basic EPS (LTM)
➖ The basic EPS stood at $27.58 (LTM) in June 2024
➖ Over the past year, there has been no notable growth in EPS (LTM)
Lockheed Martin demonstrates a more robust financial standing compared to Northman Grumman.
VALUATION
● P/E Ratio
➖ P/E vs. Median P/E
(1) Northrop Grumman's current price-to-earnings ratio over the past twelve months stands at 33.2x, which appears elevated when compared to its four-year median of 15.2x.
(2) Lockheed Martin's recent twelve-month p/e ratio is 20.1x, also showing a rise relative to its four-year median of 16.2x.
➖ P/E vs. Industry P/E
(1) NOC shows a fair valuation with a Price-To-Earnings Ratio of 33.2x, which is just below the US Aerospace & Defense Industry average of 33.3x.
(2) On the other hand, LMT, with a P/E of 20.1x, seems to be undervalued relative to the industry average of 33.3x.
● P/B Ratio
➖ NOC's current P/B ratio of 5.3x appears inflated when stacked against the US Aerospace & Defense Industry average of 3.2x.
➖ In the case of LMT, it stands out as significantly overvalued, boasting a P/B ratio of 21.9x, which is far above the industry average of 3.2x.
FREE CASH FLOW ANALYSIS
● Northrop Grumman
➖ In FY23, cash flow from operations saw a remarkable increase, climbing to $3.9 billion, a notable rise from $2.9 billion in FY22.
➖ In the most recent quarter, this figure reached $4.4 billion, up from $3.9 billion in March.
● Lockheed Martin
➖ There was little change in operating cash flow, with FY23 reporting $7.9 billion, which is nearly the same as the $7.8 billion recorded in FY22.
➖ On a quarterly basis, there has been an uptick; for the June quarter, operating cash flow stood at $8.8 billion, an increase from $8.0 billion in March and $7.7 billion in the same quarter last year.
DEBT ANALYSIS
● NOC currently has a debt of $16.3 billion, resulting in a debt-to-equity ratio of 114%. While this may raise some concerns, the company boasts an interest coverage ratio of 5.2, indicating a solid ability to manage interest payments on its debt.
● In contrast, LMT carries a debt of $19.3 billion, leading to a debt-to-equity ratio of 311%, which suggests poor financial health. However, with an impressive interest coverage ratio of 8.9, the company is in a strong position to meet its interest obligations.
TOP SHAREHOLDERS
● Northrop Grumman
➖ State Street Global has a notable 9.59% ownership in this firm, while The Vanguard Group possesses a considerable 8.22% stake.
● Lockheed Martin
➖ In addition to the 11.2% held by Lockheed Martin's Employee Stock Ownership Plan (ESOP), State Street Global and The Vanguard Group own 15.1% and 8.99% respectively.
➖ BlackRock also maintains a significant 7.13% interest in this company.
CONCLUSION
After reviewing all the financial metrics, it becomes evident that each company possesses distinct strengths and weaknesses. It's difficult to determine which one is the superior investment choice at this moment. A look at the monthly chart indicates that both companies are currently at a high point, but they could be good candidates for accumulation during any significant downturns.
In 2023, the US spent $916 billion on defense, which was more than any other country. This was an increase of $55 billion from 2022. and this figure could increase given the current global landscape. Therefore, companies like Northrop Grumman and Lockheed Martin are expected to perform well in the foreseeable future.
Tagets 152%, 358%, 600%, 864%......BitTorrent Token is one of the coins I invested in. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portions will be sold on Target 1 and Target 4. Also I will have someting to sell above mentioned targets!
Entry Zone: 0.00000068 – 0.00000097
Target 1: 0.00000225 – 0.00000252 (152%)
Target 2: 0.00000412 – 0.00000428 (358%)
Target 3: 0.00000635 – 0.00000664 (600%)
Target 4: 0.00000864 – 0.00000908 (864%)
MOREPEN LAB - 3 YEARS OF ROUND BOTTOM BREAKOUT3 YEARS OF ROUND BOTTOM BREAKOUT FOR SWING TRADING
NEW BUY PRICE : 75
SL : 50 (only for swing traders)
TARGET : 95, 125 (65%)
Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Buy ITC aggressively CMP 492, Target-580 within a month.Technically we see a formation and breakout of Bullish Pennant chart pattern. Also we can confirm its strength from being continuously above all the short term averages even in market downside. ITC is a star performer and our last buy call at the bottom price of 425 worked very well. At higher levels also, surprisingly again it is in buy radar after formation and breakout of a beautiful chart pattern.
Last month Quant Mutual Fund bought ITC shares worth 3,669 crores. This is a big plus news as Quant MF are trending in MF industry due to their good buying decision and consistently outperforming the market benchmark returns. All the big institutions and Brokerage house already gave the target of 550 plus and technically it is confirming the same.
We feel that still there is a lot of value unlocking left in this counter due to their multiple businesses working so well as compared to the peers in the respective industry and still it is just valued majorly on based of Tobacco business. Demerger going ahead is the key to value unlocking and this share can quote even value of 750-800 soon and this is not hypothetical figure but based on real possible valuation in near term as well. So, buy this stock aggressively and you might think that the stock in last month already gone up and you might wait for the dips which might cost you a good opportunity as the big hand may not give you the dips unless there is a big fall in nifty itself. With regards to Nifty, it can give strong positive contribution to nifty movement and support nifty if other nifty stocks correct.
BAJAJ FINSERVE - DAILY TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
SAIL - 50-70% ROI Potential with an RR of 1:3 - MidTermPotential1) Stock is in uptrend in Monthly , weekly.
2) The trendline that connects highs of 2007,2010,2021,2024 are about to be broken on the upside - Price confirmation indicates the same.
3) Weekly Price shows Morning star reversal.
Note : This stock has not participated in the bull rally of 2023.
Entry - Anywhere between 122-135. I see aggressive entries can be planned at 135.
Targets - 151, 170, 190-200, 260
STOP LOSS - Would consider exit only if monthly closes below 108.
"Fly Like There Is No Tomorrow Left" #ETCETC is currently forming an Adam&Eve formation.
According to Elliot Waves Theory, this is the road map for ETC.
If you are using Leverage on your trades, wait for it to close above 34 in daily time frame.
Use only 2X, accept the fee and hold until the wave 3's final rotation which is 69.
If you are buying products like an investor, you will have 2 options;
-Buy now and wait until first target (69)
-Or simply buy and hold until second target which is 95 (it will take months)
Remember that it's a long term time frame and it will not be achieved in a couple days (I hope it would).
All Targets Specified On The Chart.
Good Luck To Us All.
NLC INDIA DAILY TIME FRAME - MY VIEWThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support.....
Tradelikemee Academy
Sanjay K G
GRAPHITE INDIA MONTHLY TIME FRAME - MY VIEWThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support.....
Tradelikemee Academy
Sanjay K G
Will SPWR shine in 2024?Hello everyone i want share my idea about SPWR (SunPower Corporation)
In 2023 we had pretty bullish stock price actions which i can't tell about SunPower Corporation.
How SunPower Corporation work? they have loans for 5-10 years, when they have contracts with low rates and government starting to rise rates their work goes bad and their stock prices falling but when rates are low their work going well and more investor make investment.
In my opinion 2024 year will be not great for stock market and the reason is, dollar strong movement start of 2024 and possibility to continue this trend all 2024 year is high. i have idea why i think stock market crash in 2024 which will be linked in this post.
If we look at SunPower Corporation with technical we have big divergence at weekly MACD. Trend at chart is bearish in 2023 but oscillator shows it bullish and this is why i think good investment in this stock. If i have reason stock market crash, if i have reason rate cuts and if technically accept it then i will make investment at lowest price which is perfect for now.
Do Not Miss This Token (SPA) an Easy 20XThe volume here says it all where it bottomed out and buying support came rushing in
We stayed bottoming on this support lined almost 2 years. We recently bounce off the support and crossed and closed above the 50-period moving average.
MACD Is above the Signal Live
Our Algorithm Gave the Signal Below This Morning (02/07/2024)
As always do your own research!
🔎 *Symbol*: `SPA/USDT`
📈 *Signal*: `Long`
💲 *Current Price*: `0.010087`
🛑 *Stop-Loss*: `0.0033446400000000007`
💰 *Market Cap*: `17192780.53204348`
🚪 *Entry Prices*:
📥 Entry Price 1: `0.007715359999999999`
📥 Entry Price 2: `0.00906732`
📥 Entry Price 3: `0.010159999999999999`
📥 Entry Price 4: `0.01125268`
🏁 *Exit Prices*:
📤 Exit Price 1: `0.018327319999999998`
📤 Exit Price 2: `0.02051268`
📤 Exit Price 3: `0.02405`
📤 Exit Price 4: `0.02758732`
IRM ENERGY 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
$BTCUSD 3.5 Year Cycle Forecast - LONGCurrent Market Phase:
As we navigate through BITSTAMP:BTCUSD pairs first phase reminiscent of October 2015, our focus is on achieving the crucial milestone of Target #1, positioned around the $128,000 mark. It is imperative to recognize that this level serves as a pivotal juncture in the trajectory of the current market cycle. Successfully reaching Target #1 will signify the completion of the prebullish phase, potentially setting the stage for the subsequent movements.
Anticipated Correction and Second Bullish Phase:
Upon reaching the $128,000 mark, a robust correction is anticipated, with the target range identified between $23,000 and $24,000. This correction aligns with historical market patterns and provides an opportunity for market participants to reassess their positions. It is important to approach this correction as a natural and healthy part of the market cycle, serving to realign valuations and pave the way for sustainable growth.
The subsequent phase is characterized by a Bullish Pennant formation, indicative of a continuation of the upward trend. This phase is poised to initiate the long-awaited bullish cycle, a significant market event that holds the potential for substantial gains. Investors and traders should position themselves strategically to capitalize on the opportunities presented during this phase.
Extended Projections:
Looking ahead, our analysis suggests that the bullish cycle is expected to culminate in new highs, with a target around $220,000 projected to materialize around mid-2027. This forecast is based on a comprehensive evaluation of current market conditions, historical trends, and potential catalysts. However, it is essential to remain vigilant and adapt strategies to evolving market dynamics, acknowledging that unforeseen factors may influence the trajectory.
External Corroboration:
Our analysis finds support in external sources, such as the article from CMC Markets titled "Is Bitcoin in a New Round of Bull Run?" ( www.cmcmarkets.com ). The article reinforces the observed chart patterns and highlights the potential for a new bullish cycle, adding credibility to our analysis.
Conclusion:
In conclusion, the BTCUSD pair on the weekly timeframe is currently navigating the early phases of a potentially robust market cycle. Strategic positioning, risk management, and a keen awareness of market dynamics are essential components for investors and traders seeking to capitalize on the opportunities presented by this evolving chart pattern. As the market progresses, continuous monitoring and adaptation of strategies will be paramount to navigate the inherent volatility and uncertainties associated with cryptocurrency markets.
METROPOLIS: Investment StockMetropolis has been falling since past few months, and now it is showing a positivity
This stock has reached a good demand zone, from where it started a good upmove!
You can keep this stock in your watchlist
INOXWIND breakout SUCCESSFULINOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.
Reason:
descending bullish triangle pattern breakout confirmation.
RSI is breaking 60 to upside nice strength in the trend.
Support at VWAP
Successful breakout after 5 months
High Volume is traded today.
Price > EMAs
Verdict:
Highly Bullish
Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
DASH long term investmentPrice dropped as low as $26 for 1 Dash coin. The idea is for longer term investment. If you have to invest $1000 you can buy approximately 38 Dash coins and leave investment for certain period of time. An example of ROI is on the chart. Of course, there is always a risk that the price drop below $0 in which case you will lose all of your investment.
