Mission Produce (AVO) Entry: Unlock Stop loss: Unlock Price target: 12.50-13.00 Second PT: Unlock Analysis done on daily timeframe. Mission Produce engages in sourcing, packaging, and distribution of avocados, mangoes, and blueberries to food retailers, and although this seems like a boring business, it’s enough to earn them $1 billion a year in revenue. The company earned a spot on our watchlist this week because of their ability to rebound from their sales slump in 2023. Revenue has bounced back significantly, growing as much as 34% last quarter, helping net income along with it. Despite the improvement in their fundamentals, the stock still didn’t get the attention it deserves after their last earnings, so we’re watching them this week...
Our full watchlist is exclusive for our premium members. Click the here below to join our community. Robinhood (HOOD) Entry: Unlock Stop loss: Unlock Price target: 21.00-22.00 Second PT: Unlock Analysis on daily timeframe. Retail traders have poured back into the market this year as excitement around an artificial intelligence rally took hold. This has helped companies like Robinhood grow their revenue back to 2020 levels, a very active period for retail investing. With markets near all time highs, retail traders are expected to continue pouring in, helping Robinhood grow their user base. In a recent report, Robinhood reported a surge in active users, reinforcing the retail trade. Other stocks in the industry like FUTU have recently spiked in developments around...
Our full watchlist is exclusive for our premium members. Click the here below to join our community. Summit Materials (SUM) Entry: Unlock Stop loss: Unlock Price target: 44.00-45.00 Second PT: Unlock Analysis done on daily timeframe. The Building Materials market size grew to a tremendous global value of $1.3 trillion in 2023, and is expected to continue immensely growing to an estimate of $1.8 trillion by 2032. Construction of new commercial and residential facilities is ongoing, but the years of the pandemic and the tight economic policy that followed grew concern over the sector. Large companies in the space reported a slow down, leaving investors awaiting a turnaround. Signs of a turnaround have recently surfaced, the most recent being last week’s...
Our full watchlist is exclusive for our premium members. Click the here below to join our community. Pinduoduo (PDD) Entry: Unlock Stop loss: Unlock Price target: 153.00-156.00 Second PT: 160.00-165.00 Chart done on hourly timeframe. Pinduoduo is a Chinese online retailer that has become extremely popular in recent years thanks to their online marketplace “Temu.” The company booked 80% revenue growth in 2023, and their earnings growth continued into the first quarter of this year at 119% quarterly growth, marking a massive accomplishment for the e-commerce giant. PDD saw an influx of buyers last week following the upbeat earnings reports from AliBaba and JD, which are also based out of China, so we expect traders to continue watching this close this...
Our full watchlist is exclusive for our premium members. Click the here below to join our community. Doximity (DOCS) Entry: Unlock Stop loss: Unlock Price target: 36.50-37.50 Second PT: 39.00-42.00 Chart done on hourly timeframe. Doximity’s stock posted its best daily gain in its history last week thanks to the company’s strong earnings performance and upbeat outlook. The company beat on both profit and revenue expectations, and their tone about the future was very positive. Savvy investors looking to capitalize on the collaboration between artificial intelligence and the medical field may find this name to be very attractive, especially following this report. Doximity got in early on the generative AI movement, launching their own GPT model just three months after the launch...
