Identifying Market Opportunities Daily

Keep an eye on Albemarle (ALB). While lithium prices are still low, shares of ALB have been pushing higher. In fact, since plunging to a March low of $106.35, it’s now back up to $131.69. From here, if ALB can break above current resistance, it could rally back to...

Keep an eye on Ulta (ULTA). Over the last few days, the stock gapped from about $524.84 to $444.75 thanks to soft guidance. As noted by Seeking Alpha, “The company noted that it has seen a slowdown in demand across beauty categories. In terms of guidance, Ulta Beauty...

Gold prices are about to hit $2,300. All thanks to global tensions, hopes for interest rate cuts from the Federal Reserve, and consistent buying from global central banks.  From its last traded price of $2,292.04, we’d like to see gold rally to at least $2,500 ahead...

Keep an eye on Carnival (CCL). For one, according to Reuters, travelers have been booking cruises for 2024 at “greater volumes” than even before the pandemic. About 35.7 million consumers are expected to cruise this year alone, up from 31.5 million in 2023.  Two, the...

Marvell Technology (MRVL) is just starting to pivot higher again.  Last trading at $73.59, I’d like to see MRVL retest its prior high. Helping, the company recently declared a quarterly dividend of six cents, payable on May 1 to shareholders of record as of April 12....

After issuing guidance that fell short of expectations and news its CEO left, it looks like most of the negativity has been priced into Snowflake (SNOW). Helping, insiders are buying the dip. Company director Mark McLaughlin just paid $501,300 on March 6 for 3,030...

Keep an eye on oil stocks, like Occidental Petroleum (OXY).  With oil now up to $83.17, and gushing higher heading into the warmer months of the year, oil stocks could run even more. According to GasBuddy, oil prices are pushing higher as more Americans get ready for...

Keep an eye on beaten-down shares of Albemarle (ALB). While investors wait for it to recover, they can collect its current dividend of 40 cents a share. Plus, we have to consider that lithium prices cannot stay this low for long.  In fact, according to The Wall Street...

With gold quickly approaching $2,200, keep an eye on Newmont Mining (NEM).  At the moment, it’s consolidating at $34. But with gold on the run, we believe NEM could break significantly higher from here.  For one, safe-haven demand for gold continues to be supportive...

Taiwan Semiconductor (TSM) looks interesting after a recent pullback Helping, JP Morgan just reiterated its overweight rating on the stock, noting, “TSMC’s role as the key enabler for AI semis is becoming more established and we expect it to retain 90+% market share...