Identifying Market Opportunities Daily

Sitting at double bottom support dating back to 2022, Jack in the Box (JACK) looks interesting. According to analysts at RBC Capital, the pullback is an opportunity. The firm also assigned an outperform rating on the stock, with a price target of $75. They argue that...

Keep an eye on Prime Medicine (PRME). For one, it’s just starting to pivot from recent lows. Two, Alphabet just bought another 3.2 million shares of Prime Medicine, raising its stake to 15.1 million shares, a 12.6% stake. Other shareholders include Cathie Wood’s ARK...

Viking Therapeutics (VKTX) may have exploded from a low of about $10 to $72 so far. But it’s still cheap with substantial potential. We already know interest in weight loss medications is through the roof. In fact, according to Goldman Sachs, at current pace the...

Shares of Disney (DIS) appear to be bottoming out. Not only is it holding support at $105.79, it’s now a bit overextended on RSI, MACD, and Williams’ %R. From here, we’d like to see DIS initially refill its bearish gap at around $117. Helping, former Morgan Stanley...

Keep an eye on Cameco Corp. (CCJ). For one, uranium is still facing supply-demand issues. Two, it’s racing higher on news Congress passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production, says UtilityDive.com....

After plummeting from about $77.50 to a low of $60.64 on weak guidance, Shopify (SHOP) has become incredibly oversold. Helping, analysts at JMP Securities just upgrade the stock to an outperform rating, with a price target of $80. “Our upgrade is driven by the...

Keep an eye on uranium stocks, like Cameco (CCJ). Congress just passed the Russian uranium import ban. “The broader package also includes a ban on federal licenses for reactor fuel imported from or produced by entities controlled by Russia while adding China and...

On May 2, we noted, “With lithium prices starting to stabilize, keep an eye on Albemarle (ALB). Sure, it just missed its first quarter profit estimate with its latest earnings. But that’s to be expected when lithium prices plummet about 80%.” At the time, ALB traded...

Keep an eye on Advanced Micro Devices (AMD). After slipping to $140, it’s now up to $150.60. From here, we’d like to see it initially refill its bearish gap at around $160 a share. Helping, JPMorgan just noted, “We believe that near-term the team is supply...

On April 18, we noted: As we near the U.S. elections, cannabis stocks are pushing to higher highs. For one, with 88% of the public believing cannabis should be legal, there’s growing speculation we could see rescheduling and positive mentions to boost potential votes....