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Dow Jones Industrial Averages Weekly Technical Analysis(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone. (2) Around 18,300 level, price found a support and bounced back from this level. (3) With an upside rally, price managed to breakout its previous resistance. (4) After the breakout, we have seen a sharp upside rally further and the price reached at 36,950 level. (5) A corrective decline has been seen from there and the price started making lower highs and lower lows at reached to 28,800 level. (6) Price again bounced back from there and gave a upside move. (7) In this entire consolidation phase, a Cup & Handle chart pattern has been formed, which gave us positive indication. (8) With a strong breakout of the Cup & Handle pattern, price started its journey upside. (9) Currently the price is standing near its All Time High. More upside move is expected from here.
TVC:DJI
by NaranjCapital
Technical Analysis of Nasdaq 100 Index in 1 Hour Time Frame(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction. (2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level. (3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times. (4) Recently with a gap down, price is currently trading below its trend line support level. (5) There is a possible chance that the price again can come to its support zone and bounce back from here.
NASDAQ:NDX
by NaranjCapital
🏢 Bullish Outlook on Carrier Global Corporation (CARR) 📈🔍 Analysis: Strategic Focus: Carrier Global Corporation (CARR) is concentrating on its core operations by divesting its Commercial Refrigeration and Fire & Security businesses after acquiring Viessmann. This move aims to expand its presence in food retail refrigeration. Asset Optimization: Carrier sold its Industrial Fire division to Sentinel Capital Partners for $1.43 billion, enabling it to focus on its core heating and cooling equipment businesses and strengthen its balance sheet capacity. Funding for Growth: Recent private offerings of USD and euro-denominated notes, totaling $3 billion and €2.35 billion respectively, provide funding for future growth initiatives, enhancing CARR's financial flexibility. 💼 Trade Plan: Entry: Consider entry above the $50.00-$51.00 range, signaling bullish sentiment and potential for growth driven by strategic optimization. Upside Target: Aim for profits in the range of $74.00-$76.00, reflecting confidence in Carrier's strategic moves and growth potential. Risk Management: Implement stop-loss measures to manage downside risk and protect profits in case of adverse market movements. 📊 Note: Stay updated on Carrier's divestiture and acquisition activities, as well as industry trends impacting its core operations, for informed trading decisions. #CARR #Bullish 📈🏢
NYSE:CARRLong
by Richtv_official
Kodiak Sciences Looking Bullish Here KODTo me this looks like its about to rip. If it gets above $13 you're looking at a move straight to $52 no pullback and then maybe $120 after that. We can reassess at that time. It looks like a nice V shape recovery and could be putting in a right shoulder on the inverse head and shoulders. Or a cup and handle whichever you want but the measured move would be $52. If it falls below $4 its going to zero. Not financial advice just my opinion. Thank you
NASDAQ:KODLong
by Bitgolder
1
RH Stock Surges 15.75% Despite Weak Q4 Earnings Report Luxury furniture retailer RH (NYSE: NYSE:RH ) faced headwinds in its Q4 CY2023 earnings report, missing analyst estimates with a 4.4% year-on-year decline in revenue to $738.3 million. Despite this setback, the company remains optimistic about its growth trajectory, projecting a 9.0% year-on-year revenue increase for the full year, exceeding market expectations. Mixed Performance Metrics RH's Q4 earnings revealed a mixed bag of performance metrics. While revenue fell short of analyst estimates by 5.1%, the company's non-GAAP profit per share plummeted by 57.9% compared to the same quarter last year, dropping to $0.72 from $1.71. The gross margin also experienced a decline, slipping to 43.5% from 47.8% in the previous year's quarter. Optimistic Outlook Despite the disappointing Q4 results, RH's management remains bullish about the company's future prospects. They anticipate an acceleration in demand trends throughout fiscal 2024, signaling confidence in their ability to navigate challenges in the retail landscape. Strategic Considerations NYSE:RH , formerly known as Restoration Hardware, operates as a specialty retailer focusing on high-end furniture and home decor. As the retail landscape evolves, furniture retailers like RH must adapt to changing consumer behaviors and preferences. The company's emphasis on aesthetics, style, and charm positions it well to capitalize on evolving consumer trends. Sales Growth and Same-Store Sales RH's sales growth trajectory has been modest, with an annualized revenue growth rate of 3.4% over the last four years. However, same-store sales have experienced a concerning decline, averaging a 10% year-on-year decrease over the past eight quarters. This decline underscores the need for RH to reassess its strategy and allocation of capital. Investor Sentiment and Stock Performance Following the earnings report, RH's stock experienced a 15.75% increase, reaching $345.08 per share. While the results fell short of expectations, the positive market reaction suggests investor confidence in the company's long-term outlook. With a bullish Relative Strength Index (RSI) of 71.
NYSE:RHLong
by DEXWireNews
🏗️ Koppers Holdings (KOP): Expanding Horizons! 📈🌱📊 Company Overview: NYSE:KOP is a specialty chemical company with a focus on wood preservation. Recently acquired Brown Wood Preserving, a utility pole provider, prompting positive analyst attention and ratings upgrades. 📈 Growth Factors: Acquisition of Brown Wood Preserving aligns with KOP's focus on expanding its utility pole treatment business. Anticipated revenue growth, improved margins, and enhanced EBITDA expected in fiscal year 2025. CEO Leroy Ball highlights the strategic importance of the acquisition for KOP's long-term growth. 📉 Trade Plan: Entry: Above the $45.00-$46.00 range to capture bullish momentum. Upside Target: Aim for $88.00-$90.00, reflecting confidence in strategic initiatives and growth potential. Risk Management: Implement stop-loss orders to manage downside risk effectively. 🔄 Strategy: Monitor integration progress and synergies from the acquisition for insights into future performance. Stay updated on industry trends, regulatory developments, and market sentiment impacting specialty chemical companies. Adjust trade plan based on financial results, analyst updates, and macroeconomic factors influencing the sector. 📈 Note: Conduct thorough due diligence and assess risk-reward dynamics before executing trades. #KOP #SpecialtyChemicals #Bullish 🏗️📈
NYSE:KOPLong
by Richtv_official
🛢️ Matador Resources (MTDR): Poised for Growth! 📈🚀📊 Company Overview: NYSE:MTDR is a US-based independent energy company. Recent interest from institutional investors signals growing confidence in its future. 📈 Growth Factors: Anticipated completion of the Pronto/San Mateo connection in 2024. Expected resolution of previous midstream constraints, driving further growth. Solid revenue growth of approximately 18.09% as of December 31, 2023, outpacing sector peers. 📉 Trade Plan: Entry: Above the $58.00-$60.00 range to capture bullish momentum. Upside Target: Aim for $95.00-$97.00, reflecting growth potential and positive sentiment. Risk Management: Set stop-loss orders to mitigate downside risk. 🔄 Strategy: Monitor institutional investor activity and industry developments for insights. Stay updated on company announcements and progress on key projects. Adjust trade plan based on market conditions and emerging trends. 📈 Note: Exercise caution and conduct thorough research before executing trades. #MTDR #EnergySector #Bullish 🛢️📈
NYSE:MTDRLong
by Richtv_official
Ford Motors and Forever 21 Collaborate on Capsule CollectionFord Motors (NYSE: NYSE:F ) emerges as a beacon of resilience and innovation. While the automotive industry faces uncertainty, Ford's strategic initiatives and overlooked strengths position it for long-term success. Ford's Collaboration with Forever 21 Marks Strategic Diversification Efforts One such initiative is Ford's collaboration with fashion giant Forever 21, marking a bold foray into the world of apparel. The recent launch of a capsule collection featuring nostalgic iconography of classic Ford cars demonstrates the company's commitment to diversification and tapping into new markets. By leveraging its iconic brand image, Ford (NYSE: NYSE:F ) aims to connect with consumers beyond the realm of automobiles, tapping into the intersection of fashion and automotive culture. Ford's Strengths in Commercial Business and Return on Invested Capital (ROIC) Despite prevailing pessimism surrounding the automotive industry, Ford's commercial business, particularly Ford Pro, stands out as a lucrative segment. With impressive earnings and revenue growth, Ford Pro's success highlights the company's ability to capitalize on emerging opportunities in the commercial vehicle market. Moreover, the continued growth of Ford Pro's software subscriptions and mobile repair services further solidifies its position as a key driver of future profitability. Ford's Strong Dividend Yield and Financial Discipline Furthermore, Ford's commitment to improving return on invested capital (ROIC) signals a proactive approach to enhancing operational efficiency and financial performance. With targeted efforts to streamline operations and optimize costs, Ford aims to elevate its ROIC from 14% to 20% in the coming years, underscoring its commitment to creating long-term value for shareholders. In addition to its operational prowess, Ford's strong dividend yield offers investors a compelling opportunity for income generation. With a forward yield of nearly 5% and a robust dividend distribution policy, Ford provides shareholders with attractive returns even amidst market volatility. The company's solid adjusted free cash flow further reinforces its ability to sustain dividend payments and deliver value to shareholders.
NYSE:F
by DEXWireNews
Fortuna Silver Mines (FSM): Mining new OpportunitiesFortuna Silver Mines (FSM): NYSE:FSM Since the entire silver sector and especially the precious metal sector interest us, we decided to take a closer look at Fortuna Silver Mines. We believe that in the daily chart since the COVID-19 low at $1.47, we have developed the overarching Wave I and Wave II and are now in the overarching Wave III. This should significantly exceed the level of Wave I, well above $9.85. Now, finding a good entry point at Fortuna is important to us. We assume that in the 4-hour chart since Wave II at $2.05, we have developed the subordinate Wave (1) and Wave (2) and are thus in a Wave (3). This should, of course, go significantly above the level of Wave (1) at $4.20. More precisely, we expect a rise to at least $6.06. This is our minimum target for the Wave 3 up to $10.35. However, that is the maximum for us. It could still go further, but realistically, we wouldn't expect that, except in exceptional cases. Currently, we should be in a Wave ((i)) right now, as we likely saw a gap close at the top of Wave ((i)) at just under $3.50. We should now find a retracement between 50% and 78.6%, that is, between $3.06 and $2.81. Afterwards, we should ascend to at least $6.06. However, considering we are in the overarching Wave (3), we should also surpass $10. But of course, that's in a very long-term scenario. In a shorter-term scenario, we expect to reach at least $6.06 relatively quick. We set our stop loss below the level of Wave 2, as a double bottom would still be allowed, i.e., a 100% retracement. However, we aim not to be stopped out. Therefore, we have set our stop loss for Wave ((ii)) below the level of the overarching Wave 2.
NYSE:FSMLong
by freeguy_by_wmc
🥤 Coca-Cola (KO): Strong Performance and Positive Momentum! 📈📊 Analysis: Coca-Cola NYSE:KO Strong Performance: Reported a 12% increase in organic sales in 2023. Guidance: Management's guidance indicates continued positive momentum into 2024. Restructuring Success: Restructuring efforts led to rising revenue and net income. Diversification: Expansion into energy drinks and sparkling water diversifies product portfolio for future growth. 📈 Bullish Sentiment: Entry Range: Suggested entry above the $53.00-$54.00 range. Upside Target: Target set at $75.00-$77.00, reflecting confidence in KO's ability to navigate challenges and capitalize on opportunities. 🌐 Note: Monitor KO's performance and execution of diversification strategy for sustained growth! 📊💹 #KO #BullishSentiment #PositiveMomentum 🥤📈
NYSE:KOLong
by Richtv_official
Reddit Shares Surged 38% Above IPO Price, Market Cap Nearly $9BIn a resounding debut on the New York Stock Exchange, social media powerhouse Reddit ( NYSE:RDDT ) saw its shares skyrocket 38% above its initial public offering (IPO) price, propelling the company's valuation to nearly $9 billion. The impressive market reception underscores investors' renewed appetite for promising yet loss-making companies and signals a potential resurgence in the IPO market. Investor Frenzy Amidst Losses: Despite Reddit's track record of annual losses since its inception in 2005, investors flocked to the company's IPO, enticed by its strategic positioning as a training ground for artificial intelligence (AI) programs. The recent data licensing deal with Google further fueled investor optimism, highlighting Reddit's potential for monetization beyond traditional advertising revenue streams. Growth Trajectory and Market Dynamics: Reddit's ( NYSE:RDDT ) growth narrative centers around its commitment to expanding its user base and community engagement, positioning itself as a growth-oriented company despite its financial losses. With shares trading well above its IPO price range and reaching late trading highs, Reddit's ( NYSE:RDDT ) market performance serves as a litmus test for investor sentiment towards high-growth, yet unprofitable, companies. Challenges and Roadmap to Profitability: While Reddit's iconic status in the social media landscape is undeniable, the company faces challenges in monetizing its platform and achieving profitability. Analysts and investors alike will closely scrutinize Reddit's strategy for achieving long-term profitability, particularly amidst intensifying competition from industry giants like Meta Platforms' Facebook and Elon Musk's X. Retail Allocation and Community Engagement: Reddit's decision to reserve shares for eligible users, moderators, and retail investors underscores its commitment to rewarding its dedicated community members. However, analysts caution that such retail allocations come with inherent risks, particularly in light of Reddit's fluctuating financial performance and uncertain path to profitability. Cultural Impact and Future Prospects: Beyond its financial metrics, Reddit's cultural impact and role as a cornerstone of social media culture cannot be overstated. From hosting iconic "AMA" sessions with notable figures like former President Barack Obama to serving as a hub for community-driven movements like the "meme-stock" saga of 2021, Reddit ( NYSE:RDDT ) occupies a unique position in the digital landscape.
NYSE:RDDTLong
by DEXWireNews
SHORT USDJPY TP 150 REASONS WHY Interest Rate Differential: The interest rate set by the central bank is a major factor that affects the value of a currency. If the Bank of Japan (BoJ) raises its interest rates or signals an intention to do so, while the Federal Reserve maintains or cuts its rates, the JPY could strengthen against the USD. Currently, the market sentiment is that the BoJ will end its ultra-loose policy stance in April by raising interest rates from negative 0.1% to 0.1%2. Economic Indicators: Economic indicators such as GDP growth, unemployment rate, inflation, and retail sales can influence the value of a currency. If these indicators show a stronger economy in Japan compared to the US, the JPY could appreciate against the USD3. Market Sentiment: Market sentiment can also play a role. If traders anticipate a downturn in the US economy or a rise in the Japanese economy, they might sell USD and buy JPY, leading to a short position on USD/JPY. Geopolitical Events: Geopolitical events and uncertainties can cause investors to move towards safe-haven currencies like the JPY. If there’s increased geopolitical tension or economic uncertainty, the JPY could strengthen against the USD. Trade Balance: Japan is a major exporter, and a positive trade balance could lead to an appreciation of the JPY. If Japan’s export growth outpaces its imports, creating a trade surplus, the JPY could strengthen against the USD
Short
by NYRUNSGLOBAL