🍽️ Nomad Foods (NOMD) Strategic Initiatives Trade Setup! 🚀🍽️📊 Analysis:
Strategic Initiatives: NYSE:NOMD is making strategic moves, including increased marketing spend and innovation focus.
Playing Offense: Described as "playing offense" in 2024, emphasizing core business and innovation.
Marketing Boost: Increased marketing spend is expected to contribute to impressive top-line growth.
Entry Point: Consider entry above the $17.00-$17.50 range.
Upside Target: Bullish sentiment suggests an upside target in the $27.00-$28.00 range.
🌐 Note: Stay informed about NOMD's ongoing strategic developments and monitor market trends for additional insights.
Nyse
AMD About To Go For 300% Blowoff Before Multi Year CorrectionAMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now.
I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow.
None of this is financial advice its just my opinion. Thank you
⛏️ AngloGold Ashanti (AU): A Mining Move! 🌍⛏️📊 Analysis:
Strategic Investment: NYSE:AU is making a strategic investment in G2, emphasizing exploration success as a growth driver.
Listing Shift: Plans to switch the primary listing from Johannesburg to New York are underway.
Major Shareholder: AU aims to be a major shareholder in G2.
Cost Management: Commitment to cost management is highlighted.
Bullish Sentiment: The analysis expresses a bullish sentiment on AU.
Entry Strategy: Consider an entry above the $16.00-$17.00 range.
Upside Target: Potential upside target in the $25.00-$26.00 range.
🌐 Note: Stay informed about mining industry trends and any developments in AU's exploration activities.
HDB NYSE | ELLIOTT WAVE COUNTS...Hey guys
Please have a look at the chart of HDB (HDFC BANK), it seems to be in the 2nd wave of its primary degree.
your inputs are highly appreciated.
pls follow and like share.
This chart is not a buy sell recommendation pls ask your advisor before any investment decision.
Regards
Potential Short on SPXPX is currently in an ascending wedge with bearish RSI divergence wait for a break of trendline and retest of support before taking a position with stoploss at last swing high and target at next area of support, moving SL to BE when safe to do so and then follow with a trailing stop looking for a bigger move down. Good luck traders.
NIO BACK TO 10 BY 2025 !!NIO’s stock has potential for growth in the coming years due to several factors:
Analyst Predictions: The 8 analysts with 12-month price forecasts for NIO Inc. stock have an average target of 11.31, predicting an increase of 95.67% from the current stock price1.
Earnings and Revenue Growth: NIO is forecasted to grow earnings and revenue by 55.5% and 22.4% per annum respectively2.
Competitive Positioning: NIO is a significant player in the electric vehicle market, which is expected to grow rapidly in the coming years. It has been able to position itself as a strong competitor, even causing disruptions for established players like Tesla
NVIDIA 850 ABOVE 815 SL 805 Reason Why Nvidia Will Still Growing
Diverse Market Presence: NVIDIA is not just a semiconductor manufacturer; it’s a tech powerhouse. Beyond GPUs for gaming and professional markets, they also create system-on-a-chip (SoC) units for mobile computing and automotive applications. Their expansion into cloud software and services positions them well for growth1.
Cloud-Based Software Dominance: The pandemic accelerated the adoption of cloud-based software and computing. NVIDIA’s GPUs play a crucial role in data centers—the brains behind cloud services. In Q1 2021, NVIDIA’s data center revenue hit a record high of $2.05 billion, accounting for 36% of total sales. Major players like Microsoft’s Azure Cloud, Google Cloud, and Amazon’s AWS rely on NVIDIA’s GPUs for data operations1.
AI and Deep Learning: Artificial intelligence (AI) systems demand fast and reliable processors. NVIDIA’s GPUs are unmatched for training and running AI systems. Their focus on research and development ensures they stay at the forefront of AI technology1.
Competing with Giants: NVIDIA is developing its own cloud services, including AI Enterprise and the Base Command Platform. They’re also venturing into creative collaboration tools with Omniverse. These initiatives put them in direct competition with tech giants like Amazon, Apple, Alphabet, and Microsoft1.
Analyst Estimates: While NVIDIA’s stock has rallied significantly, its price-to-earnings (P/E) ratio remains high. However, analysts estimate that by fiscal 2025, their earnings per share could double, making the stock more attractive2.
🛒📈 Kroger (KR) - E-commerce Investments and Growth! 💹🔍📊 Analysis:
Strategic Investments: Kroger is noted for strategic investments in e-commerce.
Revenue Growth: Focus on personalization, digital coupons, and strong e-commerce sales.
Dividend Yield: Attractive 2.3% dividend yield outperforming the S&P 500.
📈 Bullish Sentiment:
Entry: Suggested entry above the $42.00-$43.00 range.
Upside Target: Aiming for an upside in the $58.00-$60.00 range.
🌐 Note: Monitor market dynamics and investment trends! 🚀📈 #Kroger #StockAnalysis #EcommerceGrowth 💰🛍
PSNY Potential bullish rideReasons for bullish bias:
- Falling wedge with prominent bullish divergence
- Safe entry at breakout of LH for confirmation
- Targets till projection
Entry Level(Buy stop): 2.71
Stop Loss Level: 1.48
Take Profit Level 1: 3.94
Take Profit Level 2: 5.17
Take Profit Level 3: 6.4
Unity Software Faces Turbulence as Forecast DisappointsUnity Software (NYSE: NYSE:U ), once lauded for its innovative toolkit used by video game developers worldwide, finds itself grappling with challenges as its latest forecast falls short of expectations, sending its stock tumbling in Premarket trading but shortly consolidated and surged by 5.69% hours later.
In premarket trading on Tuesday, Unity Software ( NYSE:U ) shares plummeted by 15%, reflecting investor dismay over the company's gloomy outlook for 2024. Despite previous attempts to navigate choppy waters, Unity's anticipated turnaround seems to be encountering delays, signaling a longer road to recovery than initially anticipated.
The company's 2024 projections, announced recently, failed to meet Wall Street estimates, exacerbating concerns about its future trajectory. With revenue forecasts ranging between $1.76 billion and $1.80 billion, notably below analysts' expectations of $2.31 billion, Unity Software ( NYSE:U ) faces mounting pressure to regain its footing in a fiercely competitive landscape.
Unity's strategic "reset" initiative, unveiled in November following a developer revolt triggered by proposed pricing changes, aimed to realign the company's trajectory. This multi-phase plan includes workforce reductions and a concerted effort to reignite revenue growth, with expectations pinned on a resurgence in the latter half of 2024.
However, challenges persist on multiple fronts. The company's "Grow" business segment, crucial for customer expansion and monetization, faces intensified competition, hindering revenue growth. Analysts at Piper Sandler note ongoing pressure stemming from the portfolio reset and heightened competitive dynamics within this segment.
Moreover, Unity's operations in China, a pivotal market for game development, encounter headwinds due to regulatory restrictions. The impact on its "Create" segment, primarily comprising developers based in China, underscores the complexities of navigating geopolitical uncertainties.
Unity's response to these headwinds has been decisive but consequential. In January, the company announced its largest layoffs to date, affecting approximately 1,800 employees, as part of efforts to streamline operations and manage costs. However, such measures come with significant financial implications, with an estimated $195 million earmarked for employee separation costs in the first quarter alone.
As Unity Software ( NYSE:U ) navigates this turbulent period, investor sentiment remains cautious. The company's ability to execute its turnaround strategy effectively, amidst competitive pressures and regulatory challenges, will be closely scrutinized in the coming months. For stakeholders, the path forward hinges on Unity's capacity to adapt, innovate, and regain its competitive edge.
General Motors (GM): Charting a Course for SuccessGeneral Motors (GM): NYSE:GM
General Motors has been added to our portfolio, starting our chart analysis from the COVID-19 low at $14.33. Since then, we've developed an overarching Wave (1) in blue and have also already completed Wave (2) at $26.30, characterized by an Expanded Flat and Zigzag correction. We are now in the midst of the overarching Wave (3), which is expected to exceed both Wave (1) and the local high of $67.06.
The 4-hour chart provides a clearer view, indicating that we are currently near the conclusion of a circled Wave (i). In the coming weeks, we may see a downtrend towards Wave (ii), where the price should stabilize between the 50% and 78.6% retracement levels. The exact positioning of this phase is yet to be determined. Upon the first sign of weakness, we plan to place a limit order.
Aarons (NYSE:AAN) Earnings Report AnalysisAs Aarons (NYSE: NYSE:AAN ) prepares to unveil its latest quarterly earnings report on February 26, 2024, investors are bracing themselves for what could be a pivotal moment for the company. With analysts predicting an earnings per share (EPS) of $0.03, the stakes are high as stakeholders eagerly anticipate whether Aarons ( NYSE:AAN ) will surpass expectations and provide positive guidance to sway stock prices.
Reflecting on past performance, Aarons ( NYSE:AAN ) has seen its fair share of volatility in recent quarters. From falling short of EPS estimates in the last quarter by $0.06 to experiencing notable price fluctuations following earnings releases, the company has been on a rollercoaster ride. However, amidst the turbulence, there have been glimmers of hope, such as the 23.0% price increase following the Q1 2023 earnings report.
Despite these fluctuations, Aarons ( NYSE:AAN ) remains poised for future growth, with analysts projecting an 18% increase in earnings and a 2% rise in revenue annually. However, recent stock performance paints a different picture, with AAN shares trading at $10.19 on February 22, marking a 26.82% decrease over the past year.
On February 23, 2024, Aaron's ( NYSE:AAN ) stock showed a positive price momentum, closing the trading day with a 3.43% increase. This uptick sparked optimism among investors, who may have been buoyed by positive news about the company or strong financial results. However, NYSE:AAN is currently trading below its 200-day simple moving average, indicating potential challenges ahead. But signs of an Ascending Triangle could be seen on the Trading view charts indicating the start of a bullish streak.
A deeper dive into Aarons' financial data reveals a mixed bag of results. While total revenue experienced a commendable 21.89% increase over the past year, net income took a significant hit, declining by 104.8%. Similarly, earnings per share (EPS) saw a sharp decrease of 105.25% since the previous year.
These contrasting metrics underscore the complexity of Aarons' ( NYSE:AAN ) current financial landscape. While revenue growth signals resilience and potential, the decline in net income and EPS raises concerns about the company's profitability and sustainability.
As investors and analysts await Aarons' ( NYSE:AAN ) upcoming earnings report, the spotlight remains firmly on the company's ability to navigate these mixed signals and chart a course toward sustained growth and profitability.
BIOMARIN PHARM STOCK PRICE REJECTED AT SUPPORT LEVEL!BMRN declining stock price got rejected at support level at 86, will this cause the stock to rise in coming days?
N.B!
- BMRN price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#bmrn
#nyse
#nasdaq
#s&p500
TSM could not make the breakout!Weekly chart, the stock reached a cluster of resistances R1 and R, and could not cross.
There is a tendency to test the mid line or the support line S
Above the R line, a rising expanding wedge pattern will be completed, and the target will be 195 then 220
Stop loss below SL line
NVIDIA 800 After earnings !NVIDIA’s recent earnings report has given investors several reasons to be optimistic about the company’s future. Here are some key takeaways:
Record Revenue Growth
NVIDIA reported a record revenue of $18.12 billion for the third quarter ended October 29, 20231. This is a significant increase of 206% from a year ago1. Such strong revenue growth is a positive sign and could potentially drive the stock price higher.
Data Center Revenue
The data center segment, which offers cloud and AI services, reached a record high of $14.51 billion in revenue in the third quarter1. This segment’s performance is crucial as it represents a significant portion of NVIDIA’s business. Continued growth in this area could further boost investor confidence.
Artificial Intelligence (AI) Boom
NVIDIA is benefiting significantly from the artificial intelligence (AI) boom2. The demand for AI chips is surging, and NVIDIA, being a leading player in this space, stands to gain immensely. This trend is expected to continue, providing a solid growth trajectory for the company.
Analysts’ Expectations
Analysts expect NVIDIA’s revenue to more than triple from the same period a year ago2. They anticipate NVIDIA’s revenue could reach $20.38 billion for the final quarter of fiscal 20242. If NVIDIA meets or exceeds these expectations, it could result in a bullish sentiment among investors.
Custom Chip Unit Plans
Reports suggest that NVIDIA is planning to launch a new business unit focused on custom chips2. This move could help NVIDIA capture a piece of the growing custom chip market and reinforce its position as the world’s most valuable chip company amid the AI boom2.
In conclusion, NVIDIA’s strong financial performance, growth in its data center business, benefits from the AI boom, and strategic plans for expansion all contribute to a bullish outlook for the company post-earnings.
Vulcan Materials (NYSE:$VMC) Sees Higher 2024 ProfitAs the global economy continues its recovery trajectory, spurred on by ambitious infrastructure projects and robust construction demand, Vulcan Materials ( NYSE:VMC ) emerges as a beacon of prosperity in the construction materials industry. The Alabama-based company's recent forecast for a surge in profitability in 2024, coupled with its strategic positioning amidst infrastructure revitalization efforts, underscores its resilience and potential for substantial growth.
Vulcan Materials' ( NYSE:VMC ) optimistic outlook sprouts from a confluence of factors, chief among them being the Biden administration's monumental $1 trillion infrastructure development package. This ambitious initiative, aimed at overhauling the nation's transportation networks and bolstering non-residential projects, has spurred a surge in demand for essential construction aggregates like concrete, asphalt, sand, gravel, and crushed stone. As a leading provider of these vital materials, Vulcan stands to reap significant benefits from the heightened activity in the construction sector.
CEO Tom Hill's confident assertion that pricing momentum and operational excellence will drive substantial expansion in aggregate unit profitability underscores the company's proactive approach to capitalizing on favorable market conditions. Vulcan's robust fourth-quarter performance, with quarterly profits from construction aggregates soaring by 30% compared to the previous year, exemplifies the company's ability to deliver impressive results even amidst challenging economic landscapes.
Moreover, Vulcan's commitment to innovation and efficiency further strengthens its competitive edge in the industry. By leveraging advanced technologies and streamlined processes, the company not only enhances its operational efficiency but also enhances its ability to meet evolving customer demands with unparalleled precision and reliability.
The financial markets have responded positively to Vulcan's bullish outlook, with premarket trading witnessing a notable uptick following the company's optimistic profit forecast for 2024. Analysts, too, have expressed confidence in Vulcan's trajectory, with the company's fourth-quarter revenue meeting expectations and adjusted earnings surpassing profit estimates. This validation from industry experts underscores Vulcan's solid fundamentals and its potential to deliver sustained value to shareholders.
Beyond financial metrics, Vulcan Materials' ( NYSE:VMC ) integral role in supporting critical infrastructure projects underscores its broader societal impact. As the backbone of countless construction endeavors, from highways and bridges to commercial developments and residential properties, Vulcan plays a pivotal role in shaping the physical landscape of communities across the United States. The company's unwavering dedication to sustainability and environmental stewardship further underscores its commitment to responsible business practices and long-term value creation.
Looking ahead, Vulcan Materials ( NYSE:VMC ) stands poised to capitalize on the continued momentum in construction activity and infrastructure investment. With a robust pipeline of projects on the horizon and a steadfast commitment to operational excellence, the company is well-positioned to deliver another year of impressive growth and solidify its status as a cornerstone of the construction materials industry.
In conclusion, Vulcan Materials' ( NYSE:VMC ) bullish forecast for 2024, fueled by robust construction demand and strategic market positioning, signals a promising trajectory for the company. As infrastructure investment continues to gain momentum and construction activity accelerates, Vulcan's steadfast leadership and unwavering commitment to excellence position it for sustained success in the years to come.
AMAT Ascending channel breakoutReasons for bullish bias:
- Price moving in ascending channel
- Entry is at 0.382 fib retracement
- Safe entry will be above 179.35(HH breakout)
- TP till projection
Entry Level(buy limit): 167.47
Stop Loss Level: 146.92
Take Profit Level 1: 188.02
Take Profit Level 2: 200.57