American Superconductor Corporation (AMSC)
Entry: Unlock
Price target: 28.00-30.00
Second PT: Unlock
Analysis done on hourly timeframe. American Superconductor Corp. (AMSC) delivers megawatt-scale power solutions focused on improving power grid performance and lowering the costs associated with wind energy. The company has earned a place on our watchlist this week due to the growing debate on how artificial intelligence will be powered in the coming years.
Recently, news broke that the Three Mile Island nuclear plant will be reopening to supply power for Microsoft’s data centers. This marked a groundbreaking moment, as it was the first time nuclear energy was proposed to power AI—a highly energy-intensive technology that will require diverse and substantial power sources. AMSC is positioning itself to be a key contributor in meeting these demands.
In a recent Fox Business News interview, AMSC’s CEO discussed the company’s role in optimizing power grid efficiency and highlighted their contributions to the evolving energy landscape. AMSC’s financial performance supports this potential, with annual revenue growing by 37% in 2023 and another 33% in the first quarter of 2024. Meanwhile, the company is making steady progress towards achieving positive net income.
As the demand for reliable and efficient energy sources grows, AMSC is poised to become a significant player in this sector. Their continued revenue growth and strategic positioning within the energy space could make them an essential contributor to powering AI and other energy-dependent innovations.
Dell Technologies (DELL)
Entry: Unlock
Price target: 129.00-131.00
Second PT: Unlock
Analysis done on hourly timeframe. Dell Technologies is an old name in the technology game, which could be part of the reason that many investors often overlook them when it comes to innovation. But the companies, recent efforts to reinvent themselves in recent years have paid off, earnings them a spot as #1 worldwide in AI server plus storage infrastructure (per their website).
The company’s technologies are aimed to increase efficiency and power insights, and they’re powered by reputable names like Nvidia, giving them a more attractive appeal to their consumers.
Dell suffered to grow sales in 2023, ending the year with a 12% revenue decline, but they have stood out this year as they managed to grow by 6% and 9% in Q1 and Q2 of 2024. More impressively, their net income has grown at an average of 136% in the past four quarters. This has brought the company’s price to earnings ratio of 21x, making it a much cheaper way to trade the AI movement on the stock market.
CrowdStrike Holdings (CRWD)
Entry: Unlock
Price target: 315.00-320.00
Second PT: Unlock
Analysis done on hourly timeframe. The past six months have been challenging for CrowdStrike investors following a costly mishap that resulted in widespread IT outages due to a single mistake. In July 2024, the cybersecurity firm released a faulty software update, leading to disruptions across millions of systems worldwide. This incident caused the stock to plummet, dropping nearly 50% from its peak and shaking investor confidence. However, as time has passed, it appears that investors are beginning to overlook the setback, with the stock steadily recovering market share.
While this error may have seemed almost “unforgivable”—especially for those directly affected—it underscores just how essential CrowdStrike’s software is. The fact that millions of systems worldwide were impacted highlights the extent to which companies rely on CrowdStrike, making it an indispensable player in the cybersecurity sector.
Demand for cybersecurity solutions is on the rise, and CrowdStrike’s revenue growth reflects this trend. The company has posted quarterly revenue increases of 30-35% over the past year, alongside an impressive 8,000% growth in net income for Q1 2024, followed by another 454% increase in Q2. These robust financials are likely to overshadow the July incident, drawing buyers back to the stock.
While CrowdStrike remains an attractive investment, it will need to sustain—if not exceed—its current growth trajectory to justify its $80 billion valuation. Having tripled its annual revenue since 2020, the company will likely need to triple it again within the next 12 to 24 months to maintain this high valuation.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
You've reached the end of our complimentary public watchlist. Unlock for the full list by becoming a member of our Hyper Stocks community. Click here for more information.
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The stocks posted above are the preliminary stocks and set ups we’ll be watching this week. All price points are subject to change based on market performance and sector health. Please do your own research and analysis on these companies/charts before taking on any set ups. Trade at your own risk and as always, good luck! Let’s have a fantastic week.