Will the backtest hold?Cameco broke out from large triangle pattern in June. This breakout followed a large consolidation for over a year, after the first major leg up from 2020 lows.
If the backtest of triangle holds, CCJ and Uranium sector could be setting up for next major leg of new bull market in Uranium.
The technical uptrend is backed by strong sector fundamentals given supply/demand imbalances (exacerbated by geopolitical tensions), financial players (e.g. Sprott) supporting Uranium sport price and overall change in public sentiment towards Nuclear.
A weakening US dollar would also help the commodity trade more broadly, including Uranium as well as the Metals.
URNJ (junior miners) could be a great way to play the sector if next leg up materializes.
Z-VALUE
Can we snap $16 in coming weeks?NYSE:SNAP was forming an ascending triangle from Oct'22 and we broke the pattern in April upon earnings. But the market seems to be rushing back in the triangle again.
With that, the fair value estimated by analysts is $16 as well.
It'll be interesting to see if we can close above $10.8x and start moving upwards. The stock currently seems to be following an upward channel (marked in blue) and we're at a crossroad today.
Disclaimer: This is not financial advice. Please make your own decisions while making an investment.
Creating NFT's on XRP Ledger with SOLO 🎨Hi Traders, Investors and Speculators of Charts 📈📉
In the simplest terms, Non-Fungible Tokens (NFTs) are digital assets stored on a blockchain. Unlike traditional cryptocurrencies, which are often traded on decentralized exchanges, NFTs represent ownership of specific items such as digital art, in-game items, music, and even real-world assets like land or property. NFTs provide a new way to store value and participate in the digital economy. While still in the early stages of adoption, some NFTs have sold for millions of dollars.
How NFTs work:
NFTs are digital assets that allow for true ownership of digital items. They are created using blockchain technology, which provides a unique record of ownership and prevents counterfeiting. NFTs can represent various digital assets like digital art (JPG, GIFs, PNG), sound recordings, and collectibles. While the blockchain attached to an NFT is unique, the asset itself can be copied. This brings into question the value of NFTs, and creators should understand the market and their audience.
Benefits of NFTs:
👍NFTs offer unique and collectible digital assets with inherent rarity and value.
👍NFTs are resellable and tradable, allowing owners to sell or trade them with others.
👍NFTs can be easily authenticated and verified through blockchain technology, providing a transparent record of ownership.
👍NFTs can include smart contracts, which allow creators to receive royalties from every subsequent sale of the NFT.
Drawbacks and risks of NFTs:
😒The NFT market is volatile, and the value of NFTs can fluctuate quickly.
😒There's no guarantee that NFT art will sell right away, and it may take time to build interest and find buyers.
😒NFTs can be a confusing concept for many people, limiting their adoption and investment potential.
😒The environmental impact of minting and trading NFTs, resulting in large carbon footprints, is a concern for some.
😒The images of NFTs can still be copied, even though the blockchain technology attached to them is unique.
Steps to create and sell NFT art:
😎Decide on a concept for your art and research trending NFT art styles.
😎Choose a blockchain technology for creating and developing your NFT.
😎Set up a digital wallet, which is like a bank account for cryptocurrency and stores your public and private keys.
😎Select an NFT marketplace that supports your chosen blockchain.
😎Promote your NFT through various channels such as a website, social media, blogs, online communities, and collaborations.
😎Upload and mint your art token on the chosen marketplace, paying a gas fee for transaction processing.
😎Price your token based on research and associated costs, and list it for sale on the marketplace.
Note that this is not a paid shill or endorsement, relating to the topic above of minting NFT's on XRP, Sologenic is a great option. Sologenic disrupts the asset trading industry by offering a decentralized ecosystem for Tokenized Securities, Crypto Assets, and NFTs. The Sologenic Development Foundation consists of independent developers dedicated to maintaining, expanding, and building the Sologenic ecosystem. Sologenic.com serves as the primary use-case for the Sologenic Ecosystem, providing on-demand tokenization of various assets, including Stocks and ETFs. There's also the mobile app for convenience and wallet creation.
Sologenic, the pioneering NFT marketplace built on the XRP Ledger, has received a grant from XRPL Grants. This grant program selects open-source projects that contribute to the growth of the XRP Ledger community. The approval came shortly after the successful launch of the Sologenic NFT Marketplace in January 2022. Sologenic's vision aligns with XRP's goal of revolutionizing decentralized finance (DeFi) by offering decentralized and borderless access to financial products and services while prioritizing security and performance. By leveraging the XRP Ledger's fast and efficient consensus algorithm, Sologenic aims to provide an intuitive and cost-effective platform for NFT trading.
The recent introduction of the NFT-Devnet unveiled the capabilities of the new XLS-20d technology, which enables native support for NFTs. Sologenic announced that once the technology becomes available on the Mainnet, a seamless migration of NFTs minted under the current XLS-14/SOLO methodology to the new format will be supported, preserving the history of each NFT.
Operating within the same ecosystem as the Sologenic DEX, a decentralized exchange for cryptocurrencies such as XRP, SOLO, and upcoming Tokenized Assets, the NFT Marketplace offers a user-friendly interface for both newcomers and experienced traders. Sologenic aims to bridge the gap between traditional trading and NFTs, empowering users to have full control over their digital assets through their preferred private wallets.
Within its first week of operation, the Sologenic NFT Marketplace witnessed the sale of 4,300 NFTs, prompting the introduction of new features. The team has implemented profile and collection verification protocols to enhance user security within the decentralized ecosystem.
Noting that this is BULLISH for the price of XRPUSDT, as it increases adoption and market cap.
SOLOUSDT has recently released and the price is dirt cheap. It looks like most of the hype and airdrop sales are over, I'd be looking to start accumulation from now onwards (even though I expect the price to drop more, so it will be spot definitely not leverage). I am EXTREMELY bullish on SOLO due to the revolutionary nature of their products including minting on XRP and stock market trading options.
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Peeking into Super SevensIn our previous paper , we outlined how investors can use CME's Micro S&P 500 Futures to hedge beta exposure and extract pure alpha.
The paper referenced that the Super Sevens stocks (Amazon, Apple, Google, Meta, Microsoft, Nvidia, and Tesla) will continue to outperform the broader S&P 500 index. Not only do these stocks benefit from passive investing and ESG investing, these firms also have solid fundamentals to back up their gargantuan valuations.
Each of the firms in the Super Sevens offer unique value drivers. Each firm is a market leader in its space and has demonstrated resilient earnings capacity and solid growth potential. Still, each also has its own set of risks. Notably, with the Super Sevens the value drivers outweigh the potential risks.
AMAZON
VALUE DRIVERS
• Blistering profits from AWS offering with dominant market share of 33%.
• Market dominance in e-commerce and solid supply chain network.
• Successful new categories: Kindle (publishing), Alexa (voice assistant), and Prime (video streaming).
POTENTIAL RISKS
• Heavy reliance on AWS for profits. Slowing growth in AWS due to slowdown in corporate IT spending.
• Low profit margins in e-commerce business. Slowing growth due to lower consumer spending.
• Rising competition in cloud services and e-commerce.
ANALYST PRICE TARGETS
• Across 54 analysts providing a 12-month price target, 42 (77%) having a strong buy rating, 7 (13%) of them have a buy rating, 4 (7%) suggest a hold, while just 1 (2%) has a strong sell rating.
• Average 12-month price target stands at 137, with a maximum of 220 and a minimum of 85.
TECHNICAL SIGNALS
• Technical signals point to momentum deeply in favour of Amazon shares. Oscillators point to buy and Moving averages point to a strong buy.
• In aggregate, technical signals point to a buy.
APPLE
VALUE DRIVERS
• Product category definers. Dominant and still growing iPhone demand.
• Solid eco-system which is extremely hard to displace.
• Control over both software and hardware enables specialized tailored improvements.
• Sticky services such as App store, Apple Pay, and potentially Apple BNPL.
POTENTIAL RISKS
• Apple is heavily reliant on external fabricators exposing it to supply-chain bottlenecks.
• Heavily dependent on iPhone sales.
• Rising dependence on future growth in unexplored new categories.
ANALYST PRICE TARGETS
• Across 42 analysts providing a 12-month price target, 22 (52%) having a strong buy rating, 6 (14%) of them have a buy rating, 13 (31%) suggest a hold, while just 1 (2%) has a strong sell rating.
• Average 12-month price target stands at 187, with a maximum of 220 and a minimum of 140.
TECHNICAL SIGNALS
• Technical signals point to solid momentum favouring long position in Apple shares. Oscillators point to buy and Moving averages point to a strong buy.
• In aggregate, technical signals point to a strong buy despite Apple trading at near its all-time-high.
GOOGLE
VALUE DRIVERS
• Google is the dominant search engine (86% market share).
• Phenomenally successful and effective ad-targeting capabilities.
• Heavy investments in future innovation enabling leapfrog into new verticals such as Android, Waymo (FSD & Maps).
• Successful early acquisitions such as YouTube, Android, Applied Semantics & DoubleClick (AdSense), Nest (Home Automation).
POTENTIAL RISKS
• Massive reliance on ad revenues via search for profits. Slowing ad spend as firms cut back on spending.
• Non-trivial dependence on cloud revenue for growth exposes them. Slowing cloud revenue growth due to lower corporate IT spending.
• Failure to expand into new domains such as social media, wearable tech, and gaming.
ANALYST PRICE TARGETS
• Across 52 analysts providing a 12-month price target, 40 (77%) having a strong buy rating, 7 (13%) of them have a buy rating, while 5 (10%) suggest a hold. None of the analysts have a sell rating.
• Average 12-month price target stands at 131, with a maximum of 190 and a minimum of 100.
TECHNICAL SIGNALS
• Technical signals point to decent momentum favouring Google shares but prices are at tiny risk of oscillating downwards. Oscillators point to neutral while Moving averages point to a strong buy.
• In aggregate, technical signals point to a buy.
META
VALUE DRIVERS
• Market monopoly on social media with high penetration across global markets on multiple platforms.
• Flagship Facebook platform continues to see growth with 2.9 billion monthly active users (MAU).
• Successful acquisitions have provided them with a wide suite of social media platforms – WhatsApp (2 billion MAU) and Instagram (2 billion MAU).
• Successful developer tools (Graph, Hydra, React) have allowed them to build useful SDK (Software Development Kit). Potential sources of enterprise revenue from these.
POTENTIAL RISKS
• Increasing competition from TikTok.
• Privacy concerns have a direct revenue impact e.g., Apple’s new privacy policies.
• Falling market share for flagship Facebook in advanced economies.
• High reliance on ad-sales. Slowing ad sales as firms cut back on spending.
• Shaky bet on the Metaverse which is starting to fade.
ANALYST PRICE TARGETS
• Across 60 analysts providing a 12-month price target, 39 (65%) having a strong buy rating, 7 (12%) of them have a buy rating, 10 (17%) suggest a hold, 1 (2%) sell rating, and 3 (5%) has a strong sell rating.
• Average 12-month price target stands at 281, with a maximum of 350 and a minimum of 100.
TECHNICAL SIGNALS
• Technical signals point to decent momentum favouring Meta shares. Oscillators signal neutral indicating a tiny risk of shares shedding gains while Moving averages point to a strong buy.
• In aggregate, technical signals point to a buy.
MICROSOFT
VALUE DRIVERS
• Sheer dominance of Windows (74% market share) & MS Office.
• Deep roots in MS Office enables the firm to straddle across consumers & enterprise.
• Diversified software offerings - cloud (Azure), gaming (Xbox), enterprise (Windows Server and SQL), search (Bing), productivity (Office), collaboration (Teams), and AI (through Open AI's ChatGPT).
• Active M&A activity to acquire assets - LinkedIn, OpenAI, GitHub, Skype, Mojang, Nokia, Activision-Blizzard (Pending).
• Besides Windows, Microsoft controls dev frameworks such as .Net further strengthening their grasp on SW dev.
POTENTIAL RISKS
• Limited success in hardware offerings unlike Apple.
• Multiple major acquisitions have fizzled – Skype and Nokia.
• Limited adoption in enterprise software.
ANALYST PRICE TARGETS
• Across 51 analysts providing a 12-month price target, 37 (73%) having a strong buy rating, 6 (12%) of them have a buy rating, 7 (14%) suggest a hold, while just 1 (2%) has a strong sell rating.
• Average 12-month price target stands at 345, with a maximum of 450 and a minimum of 232.
TECHNICAL SIGNALS
• Technical signals point to decent momentum favouring Microsoft shares. Oscillators are at neutral while Moving averages signal a strong buy.
• In aggregate, technical signals point to a strong buy.
NVIDIA
VALUE DRIVERS
• Market dominance in discrete GPU’s (80%).
• Early mover in AI hardware which gives them a lead over the competition.
• Raytracing, DLSS, Neural Network cores.
• Nvidia’s CUDA is the primary choice for training ML models.
• Market dominance in high-growth data centre graphics hardware (95%) and super-computing hardware.
• Successful enterprise partnerships – car manufacturers using Nvidia software.
• Emerging tech such as AI and VR require more graphics intensive processing driving demand for Nvidia’s products.
POTENTIAL RISKS
• Hardware-focused business model exposes it to supply-chain risks and bottlenecks.
• Extremely high P/E of 225 dependent upon expectations of future growth in AI.
• Losing market share in discrete GPUs and enterprise GPUs to AMD and Intel.
ANALYST PRICE TARGETS
• Across 50 analysts providing a 12-month price target, 36 (72%) having a strong buy rating, 6 (12%) of them have a buy rating, 7 (14%) suggest a hold, while just 1 (2%) has a sell rating.
• Average 12-month price target stands at 444, with a maximum of 600 and a minimum of 175.
TECHNICAL SIGNALS
• Technical signals point to solid momentum favouring long position Nvidia shares. Oscillators point to buy and Moving averages point to a strong buy.
• In aggregate, technical signals point to a strong buy despite Nvidia relentless and unrivalled price ascent.
TESLA
VALUE DRIVERS
• Early mover in EV’s with dominant market share in US (62%).
• Dedicated and loyal customer base.
• Vertical integration of EV value chain allows it to reduce reliance on external suppliers.
• Early investment in large factories that will allow them to scale output more efficiently.
• Huge and monetizable supercharger network by opening it up to other EV makers.
• Subscription model for software enables revenue generation after product sale.
• Long term vision has allowed Tesla to create entirely new products such as supercharger network, battery banks, home power backup and solar roofs.
• Tesla’s planned Robotaxi and entry into car insurance can be hugely disruptive.
POTENTIAL RISKS
• Increasing competition from automobile majors as well as Chinese EV firms.
• Tesla’s brand is deeply entangled with Musk’s reputation.
• Dependence on government incentives to make Tesla affordable.
• Continued access to battery metal minerals.
• Ongoing and unresolved production scaling challenges.
ANALYST PRICE TARGETS
• Across 46 analysts providing a 12-month price target, 18 (39%) having a strong buy rating, 5 (11%) of them have a buy rating, 17 (37%) suggest a hold, 1 (2%) has a sell rating, and a 5 (11%) hold a strong sell rating.
• Average 12-month price target stands at 201, with a maximum of 335 and a minimum of 71.
TECHNICAL SIGNALS
• Technical signals point to solid momentum favouring Tesla. Oscillators point to buy and Moving averages point to a strong buy.
• In aggregate, technical signals point to a strong buy.
SUMMARY
The Super Sevens are well positioned to continue outperforming the wider market. As mentioned in our previous paper , investors can use a beta hedge to nullify the effects of the broader market (S&P 500) and extract pure alpha from the growth of the Super Sevens.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
19/06/2023 Weekly Idea SOXL/WOODWeekly idea of this week is to long SOXL, short WOOD.
With Apple's announcement of vision pro in early June, I expect a rise in demand of semiconductors in the supply chain (and also in upstream industries such as metal mining/battery making). WOOD is least correlated to the upstream industries while also reported being shrinking in the latest ISM report.
Price spread is currently 0.34. We would stop loss at 10% (ie 0.31) and looking for soft 30% profit target at 0.447 (which was in Mar 2022).
SEC Lawsuits Against Binance and Coinbase: Unraveling Conflicts Hi Traders, Investors and Speculators of Charts📈📉
In recent developments that have rocked the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against major cryptocurrency exchanges Binance and Coinbase. These legal actions stem from alleged violations related to registration requirements and investor protection. Additionally, a potential conflict of interest has emerged, as former Binance job applicant Garry Gensler now serves as the head of the SEC. This write-up aims to shed light on the sequence of events, the accusations faced by both exchanges, and the implications for the crypto market.
A - Binance Faces SEC Charges
The SEC filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges, and its CEO Changpeng Zhao (CZ), accusing them of violating U.S. securities laws. The charges revolve around Binance offering and selling cryptocurrency derivatives to U.S. investors without being registered as a securities exchange.
B - Coinbase Sued by the SEC
The SEC also sued Coinbase, a prominent U.S.-based cryptocurrency exchange, alleging that it failed to properly register its planned lending product, Coinbase Lend. The SEC argues that the lending product qualifies as a security, and Coinbase should have registered it accordingly. However, Coinbase has filed a counter lawsuit aiming to prove how many times they have tried to reach out to the SEC for clarity.
C - Conflict of Interest: Gensler's Connection to Binance
Prior to joining the SEC, Garry Gensler reportedly applied for a job at Binance but was rejected. Soon after, he assumed his role as the chairman of the SEC. This situation has raised concerns about potential conflicts of interest, as Gensler now oversees the regulatory actions against Binance.
The SEC are basing their entire case of a few key factos:
❗ Securities laws mandate that companies offering securities or related products to the public must register with relevant regulatory authorities. Failure to do so can result in legal action.
❗ Investor Protection: Regulatory bodies aim to safeguard investors' interests by ensuring transparency, disclosure of information, and adherence to applicable regulations.
❗Cryptocurrency Derivatives are still derivatives: Financial contracts whose value is derived from an underlying cryptocurrency, such as futures contracts or options.
❗Cryptos are Securities: Financial instruments, including stocks, bonds, or investment contracts, that represent ownership or participation in a company or enterprise.
Implications for the Crypto Market
The SEC's actions against Binance, Coinbase and Ripple signal increased regulatory scrutiny in the cryptocurrency space, highlighting the need for compliance with existing securities laws. However, it also points out how flawed the current system is as Garry Gensler basically has autonomy over decisions that may be conflict of interest. His actions are affecting the entire crypto space as well as stifling innovation since the SEC has been so negligent to work with the blockchain community for solutions. Not even to mention the shorts that were opened on both Binance and Coinbase just before the lawsuit news dropped, picked up by on-chain analysis as seen all over Twitter. This confirms and reiterates that politicians and other people in power have insider information on stocks, as was last seen with the Nancy Pelosi case.
💭Although this seems like an attack on blockchain, all of the above proves how desperately the world needs a new system that is unbiased, transparent and fair. With regulators desperately grabbing for strands of power in any way possible, it actually just strengthens the argument for blockchain and a cryptocurrency-based future.
And finally, from a trading perspective, these are some decent discounts, hence I'm labeling this post as long. I'll be bagging up because this is a steal for both Coinbase stock and BNBUSDT.
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We appreciate your support !
CryptoCheck
________________________________
Sauces:
Reuters: "SEC sues Coinbase over failure to register"
The New York Times: "SEC sues Binance over securities violations"
CNBC: "SEC sues Binance and CEO Changpeng Zhao"
Coin Telegraph: "SEC Gensler parallels Binance, FTX sued"
BBC: "US regulator sues Coinbase over interest-earning product"
CryptoSlate: "Coinbase seeks to withdraw staked ETH amid SEC lawsuit"
YouTube: "SEC sues Binance and Coinbase"
The Wall Street Journal: "SEC sues Binance and Coinbase: What the charges mean for crypto"
NASDAQ:COIN BINANCE:BNBUSDT BINANCE:XRPUSDT PANCAKESWAP:NUTUSDT_9D4097 CRYPTOCAP:BNB
OIL dropped 1% as Fed call this draws uncertaintityI wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy.
This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on Wednesday. While the Fed is expected to keep rates steady, there is still some uncertainty because U.S. inflation is trending above the central bank's target range.
As a result, markets are remaining cautious about any potential hawkish moves. Additionally, the dollar has firmed in Asian trade, putting pressure on oil markets by making crude more expensive for international buyers.
I thought bringing these developments to your attention was essential, as they could impact this week's oil price. Please let me know if you have any questions or concerns via the comments.
Alibaba ($NYSE:BABA) Price Action: Breakout Coming?TL;DR: Alibaba's stock price is approaching a crucial juncture as it encounters resistance at the weekly trendline and finds support near $80. With major indices possibly facing a correction, monitoring Alibaba's price movements is crucial for identifying a potential bullish trade opportunity.
In this trading idea, we analyze Alibaba's ( NYSE:BABA ) price action and its breakout potential. The stock's undervalued fundamentals, coupled with resistance at the weekly trendline and historical support near $80, indicate a possible bullish move. Given the likelihood of a broader market correction, monitoring both market conditions and Alibaba's price movements is key.
Alibaba's undervalued fundamentals, including strong growth projections and solid financials, enhance the attractiveness of a bullish trade. The stock's price action encounters resistance at the weekly trendline, while historical support near $80 acts as a reliable floor. A breakout above the trendline could signal a potential bullish trend.
Considering the possibility of a correction phase for major indices, vigilance in monitoring both the broader market and Alibaba's price movements is crucial. Traders should assess sustained price movements above the resistance level for potential bullish entry signals.
Implementing proper risk management, such as setting a stop-loss order below the historical support level, is essential. Staying informed about market conditions, news events, and company-specific developments is necessary to evaluate the ongoing viability of the trade.
Disclaimer: This trading idea is for informational purposes only and not financial advice. Conduct independent analysis and exercise due diligence before making trading decisions. Trading involves risk, and past performance is not indicative of future results.
$PINC Punished for Lack of Working Capital?Premier health seems to be flashing some hands off signals at the moment.Based on an analysis of earnings against potential growth, fair value for NASDAQ:PINC would be around $40.38, but the stock is trading 54% below that target. They are even trading below the average analyst target of $33.40. These are signs that something is weighing on the market value of the firm.
Potential Issues for Investors Include:
1. Cash to Equity at 4%: This suggests that the company has an insufficient amount of cash to fuel growth and handle liabilities. I would direct investor attention to the company's negative working capital and 20% drop in operating cash flows.
2. Shareholder Dilution: Premier seems to be constantly issuing new shares, which negates any market value that could be had from an increase in earnings.
3. Net Cash Negative: Total debt held by the company is down trailing 12 months, but still leaves the company with -$3.31 net cash per share over that same time period.
Key Point: The company is over leveraged amidst tight financial conditions and margins in the healthcare space are dropping like a hot rock. This draws concern as the company has been working with negative working capital for 5 straight years.
To mention a few bright spots, the company generating $84 in free cash flow for every $100 in earnings and seems to at least over the past 12 months be looking to reduce their debt. The company is projected to see earnings growth of 5.6% over the next 5 years, but is priced for no growth.
Investors who look at this as a mispricing and buy today could see a push toward our forward looking valuations. This could yield as much as a 55% increase in the stock price. On the other hand the key question would be; can the company survive long enough to fix the problems?
Investors who believe they will survive can look at this as a reasonable opportunity to buy ahead of any capital appreciation.
Earnings are steady over the long term with over 4,400 member hospitals in their circle which should keep the money coming in.
Worst case scenario, they become an acquisition target down the line, but in the mean time, I the market is sending signals that hands off is the policy.
No growth value is definitely an enticing price point, but maybe a look at next quarter's earnings could provide more insight on the company's direction.
PINC faces increased competition from other healthcare improvement companies, such as Optum and UnitedHealth Group. These companies are investing heavily in new technologies and solutions, which could put pressure on PINC's margins.
PINC also faces a number of regulatory challenges, such as the implementation of the Affordable Care Act and the rising cost of healthcare. These challenges could make it difficult for PINC to grow its business and maintain its profitability.
Income and cash flows have taken a step down in 2023. Cash flows are projected to continue to decline in 2024 and return to growth in 2025.
I'm setting a goal for Tesla by 2030 at a 10k market priceCould tesla reach 10k even after the stock split.
I put this here just to see if my future prediction comes true.
Currently 10% of my net worth is in tesla.
I have completely sold off everything in the past two years and i sold a portion of my tesla shares at the peak season.
Strong support for 2023 and 2024 right now.
Really is the only company showing positive confidence in holding/
Dejitaru Tsuka Historically, holding 3 cents has been critical for TSUKA. Now that we've had the deviation and bigger wallets sold, almost all supply has been bought back up and increased unique holders by 45%.
In a couple of weeks their Dex is launching too Which will also act as an Active market-maker for the TSUKA ecosystem.
Japan Weakens - Invest in USDJPY Now!As you may have heard, Japan's economy has been experiencing some weakening lately. The country's GDP has declined for the past two quarters, and its government is struggling to stimulate growth. In addition, the Bank of Japan has been keeping its interest rates at harmful levels, putting pressure on the yen.
But what does this mean for us as traders? Simply put, it means that now is the perfect time to invest in USDJPY. Moreover, with Japan's economy weakening, the yen is also expected to weaken, making the USDJPY pair an excellent option for traders looking to make some profits.
So, what are you waiting for? Take advantage of this opportunity and invest in USDJPY now! You could make some serious gains with the right strategy and some luck.
As always, I recommend researching and analyzing before making any investment decisions. However, if you're looking for a good investment opportunity, USDJPY is worth considering.
I hope you found it informative and helpful.
GOLD - RangeGOLD -
With NFP data releasing soon, we might see another upward momentum in GOLD as the forecast data is below the prior, if the number drops below what is expected then GOLD probably should be back in trading in 2000s.
If NFP is higher than expected then we can see a steep dive in GOLD.
NFP - LOW - GOLD - HIGH
NFP - HIGH - GOLD - LOW
SPX The S&P 500 is heading towards a major resistance around the 4310 level. This is the last major resistance that needs to be taken in order to go up.
With the current state of the economy the rejection of this level is the most likely scenario. The rise in interest rates see no end this summer. And historically there tends to be a market crash after they stop raising rates and start cutting them.
Another factor is that the government will raise the debt celling causing more money to be printed which weakens the state of the economy even more. But generally will cause prices in the market to rise.
The only thing that will make the market really bullish is some new development or technology such as AI that will rapidly increase production in the United States. But currently we are at a 50/50 point on which direction we will end up going heading into 2024.
The main things to watch are the debt celling bill and the terms with in it, the Fed reserve rate hikes and what they project in the future, and any major news development of new tech and trade deals, as well as energy production and government easing restrictions on drilling.
best indicator providing ML-powered buy and sell indicatorAI-Signals is a cutting-edge tool designed to revolutionize your trading experience. It leverages the power of Artificial Intelligence to provide highly accurate trading signals, helping you make informed decisions in the dynamic world of trading.
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In a nutshell, AI-Signals is a powerful tool that can help you navigate the complex world of trading with more confidence and precision. It's a step towards smarter, more profitable trading.
3M Position Trade✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨
BLO1 @ 74.34
BLO2 @ 50.99 (Wealth Trade - I may never let this position go)
TP1 @ 112.53 (shave 25% from BLO 1)
TP2 @ 175.83 (shave 25% from BLO 1)
TP3@ 215.82 (shave 25% from BLO 1)
3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Recently, the company has faced a major challenge involving around 260,000 pending lawsuits due to their military earplugs malfunctioning. The outcome of these legal proceedings could greatly impact 3M, either causing severe consequences or presenting a unique investment opportunity.
Our team predicts that despite the uncertainty, institutions will likely intervene and purchase 3M's stock as it returns to its established pattern of gradual and steady growth, also known as the company's intrinsic or true value. However, it is important to acknowledge that the future outcome is still subject to change and could sway in either direction.
Here is my strategy: I plan to sell 25% of my BLO1 holdings at every take profit point, while keeping the remaining amount for a long-term investment. However, I have no plans to sell any of my BLO2 holdings and will be holding them for the long term. This is commonly referred to as the "diamond hand strategy."
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Is Paypal a Memestock?Mounting debt may be an issue, but there's no way NASDAQ:PYPL should look like this from a chart perspective.
While NASDAQ:NVDA became the 6th largest company in the world today, Paypal used to be a $400+ billion dollar enterprise, but it looks like junk now.
What gives? The company still throws off more than $30b in revenue a year, pricing it at only 2.5x sales???
A lot of worry has been put into NASDAQ:AAPL launching their new payments platform, but no actual product has hit the market yet. Until then, PayPal is still for sure the global leader and an undervalued player relative to its peers.
Maybe NASDAQ:EBAY will buy them back?
DraftKings goes bull!DKNG just beat earnings!
Having picked up a small number of calls as an earnings play based on the underlying financials of the asset, their market dominance, and the strong technicals provided on the chart, it seems evident that DKNG as a company is poised to make a run.
Short-term / scalp opportunity:
It will likely gap-fade the open first, so I would watch Friday trading hours closely. If the gap-fade happens, traders should look to go long when the fade pattern completes. Call options with 5-10 days expiry in the $22-23-24-25 strike ranges would be an excellent way to leverage this, depending on risk tolerance and position size.
Medium-term / swing trade opportunity
There is some resistance around the $25 mark, so this is the level to watch. Assuming this level is broken, traders should go long. Aggressive swing-traders could take position as early as today, but more risk-averse traders should look to take position upon break of this level which confirms the pattern illustrated here.
Long-term investment opportunity
While DKNG does not pay dividends, the chart shows that it is poised to make a significant run. Investors and other long-term traders should look to enter this position as it has the potential to return over 100% on the asset.
LONG jubilant foodworks Jubilant foodworks has shown a massive and long symmetrical triangle pattern breakout and it is the right time to enter in it.
Breakout has taken place on the weekly timeframe.
Good for the long term as well short term also.
Disclaimer: This is not a recommendation.
Only sharing for Educational purposes.
Make investment at your own risk.