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Showing posts from December, 2019

Two of Our Best Stock Picks for 2020

Today we take a look at the technicals of two of our best stock picks for the year 2020: NKE and MU Nike Inc. (NKE) Reasons for selection: Key driver of growth Unique asset with China Projected long-term earnings growth Our Price Target USD$118.33 “We believe Nike is on the cusp of a sharp acceleration in EPS growth,” Goldman Sachs analyst Alexandra Walvis said told investors. The firm also said it sees earnings growing 19% annually over the next 3 years and that China should help accelerate that growth at almost 3x the rate of other regions.Her 2022 earnings per share estimate of $4.22 is 5% ahead of consensus. China is the key driver as Nike can grow its China revenues at a high teens pace, contends Walvis. She upgraded to conviction buy rating and has a price target of USD$112. Reference link Nike is reporting earning today (12/19/2019) after the market closes. Micron Technology Inc. (MU) Reasons for selection Market expansion into 5G technology Pr

Big Winners Today! Here Is a List of Stocks Ready to Make a Big Move In Days Ahead

Today we take a look at the technicals for our Trades of the ABBV, AMRX, BBY, BHC, DERM, DVA, FORM, LITE, LL, LSCC, PLAB, TGTX, UCTT, WUBA, YETI, ZGNX Watch this video to get the technical insights. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interes

Three Stocks To Watch That Are Breaking Out

Here are three stocks that are currently breaking out, or setting up to break out, following positive quarterly earnings report. DKS Dick's Sporting Goods (DKS) broke out a key resistance area near 43 on November 26th, following a blowout third quarter earnings report. Price jumped 20% on that day, and during the past several days it has been consolidating into a pennant/triangle formation above support at 44.60. Today Friday December 5th, 2019 price made an attempt to breakout out of the pattern. It needs to more volume to pop and run. Our targets are 48.78, 51.58 and 54.50. Primary support is 44.50; secondary support is 43.50 Several analysts have upgraded the company and raised targets, including Barclays upgraded from Equal Weight to Overweight from Equal Weight with a $56 price target Baird keeps Neutral rating, and raised price target to $51 Evercore ISI upgraded to Outperform from In Line "switching from defense to offense" Watch DKS vide