Category: Stock News

  • It’s Time to Get Bullish on Biotech Again

    It’s Time to Get Bullish on Biotech Again

    Keep an eye on biotech stocks. According to analysts at Evercore ISI, “After 3 years of painful underperformance, winter is finally thawing and spring just might be in the air,” as quoted by CNBC. Driving interest in biotech has been new innovation, including the latest obesity treatments, millions of retiring baby boomers, demand for better…

  • Here’s Why Plug Power is Racing Higher

    Here’s Why Plug Power is Racing Higher

    Beaten-down shares of Plug Power (PLUG) are seeing signs of life again. Up about 24% to $3.60 on a volume spike to 168.3 million, as compared to its daily average volume of 33 million shares, it could push even higher. All on news it received a U.S. government loan guarantee of up to $1.66 billion.…

  • Apple Could Soar 36% as it Nears Launch of AI-iPhone

    Apple Could Soar 36% as it Nears Launch of AI-iPhone

    Keep an eye on Apple (AAPL). The beaten-down tech giant is ridiculously oversold at support dating back to May. It’s also oversold on RSI, MACD, and Williams’ %R. And it’s overdue for a bounce back. Helping, analysts at Bank of America say the stock could soar 36% as it nears the launch of its artificial…

  • Here’s Why Solar Stocks are Running Today

    Solar stocks are running. First Solar (FSLR) is up about $4.35 on the day. Sunrun (RUN) is up about 80 cents. Even the Invesco Solar ETF (TAN) is up about 88 cents at the moment. All could push even higher after President Biden unveiled a $7 billion grant for solar power under the Inflation Reduction…

  • Mining Stocks Exploding After Bitcoin Halving

    Mining Stocks Exploding After Bitcoin Halving

    “Keep an eye on Bitcoin mining stocks, especially with the halving on April 20,” we noted on April 17. “That includes Marathon Digital (MARA), Riot Platforms (RIOT), and Hut 8 Mining (HUT). As we saw in prior BTC halving events – in 2012, 2016 and 2020 – most of the miners pushed aggressively higher before…

  • This is Why Gold Could Test $3,000 Shortly

    This is Why Gold Could Test $3,000 Shortly

    Gold is still pushing aggressively higher. Last checked, it’s about to cross $2,400 and could see $2,500 shortly after. All thanks to safe-haven demand and growing interest in gold from global central banks. As noted on Yahoo Finance, “In March, China’s central bank added another 160,000 troy ounces to its reserves, marking its seventeenth consecutive…

  • Bitcoin Miners Have Historically Run with Halving Events

    Keep an eye on Bitcoin mining stocks, especially with the halving on April 20.  That includes Marathon Digital (MARA), Riot Platforms (RIOT), and Hut 8 Mining (HUT). As we saw in prior BTC halving events – in 2012, 2016 and 2020 – most of the miners pushed aggressively higher before and after. This time around,…

  • Top Reasons Cannabis Stocks Could See Higher Highs

    Top Reasons Cannabis Stocks Could See Higher Highs

    Cannabis stocks may be some of the most controversial opportunities on the market. But many could also be rewarding – especially with these key catalysts. Look at Canopy Growth (CGC), for example. With several key catalysts ahead – such as potential rescheduling ahead of elections, a growing number of Americans’ approval of legalization, and an…

  • Viking Therapeutics Dips are Opportunities

    Viking Therapeutics Dips are Opportunities

    The pullback in Viking Therapeutics (VKTX) may be an opportunity. For one, One, the company is seeing good success with its GLP-1 obesity drug trials. It already reported that its Phase 2 VENTURE trial successfully achieved is primary endpoint and all secondary endpoints. It also said patients receiving VK-2735 demonstrated weight loss after 13 weeks, rating up…

  • Tesla is Already Starting to Pivot Higher Again

    Keep an eye on Tesla (TSLA) as a contrarian bet. After plunging on news deliveries fell 8.5% year over year, it’s seeing buy interest at double bottom support again. Last trading at $168.28, it’s up $1.65 on the day. And while some analysts are warning of potential further downside, analysts like Cathie Wood just said,…