Freeport-McMoran (FCX) Entry: Unlock Price target: 47.00-48.00 Second PT: Unlock Analysis done on daily timeframe. Freeport-McMoRan, a leading mining company specializing in gold, copper, and molybdenum, has landed on our watchlist following China's decision to remove tax rebates on metals like aluminum and copper. This policy shift is significant, as it incentivizes buyers to source from producers outside China, potentially benefiting companies like Freeport-McMoRan. While the company has a long-standing reputation in the industry, its stock has struggled over the past three years, still trading at 2021 levels. However, future earnings projections suggest 2025 could mark a breakout year. The first half of 2023 was challenging for FCX, with declines of 20% and 4% in Q1 and Q2, respectively. However, the company...
Park Hotels & Resorts (PK) Entry: Unlock Price target: 16.50-17.00 Second PT: Unlock Analysis done on hourly timeframe. Park Hotels & Resorts is an attractive real estate investment trust with a fairly affordable stock price. The trust owns and operates hotels and resorts, with a portfolio that includes the Waldorf Astoria, Conrad and Hilton Hotels & Resort. It has had challenging history on the stock market since going public in 2016, never living up to investors’ expectations in stock returns, but it has outshined others with its hefty dividend yield. The company pays its investors a yield of 6.12%, making it a great choice for the savvy dividend portfolio. It’s also worth noting that as interest rates decline, an REIT...
Applied Optoelectronics (AAOI) Entry: Unlock Price target: 20.00-21.00 Second PT: Unlock Analysis done on hourly timeframe. Applied Optoelectronics is a small company that has positioned itself in the hottest industries of the current times. The electronic technology and semiconductor company is involved in the design and manufacturing of optical communications products, basically allowing systems to communicate and improve efficiency. The company’s most credible backing came from Microsoft, who inked a deal with them to create advanced lasers for Microsoft’s data centers. This involvement with data centers is perhaps the company’s biggest highlight right now. Demand for biggest and better data centers is soaring, which will ultimately help AAOI in their business. Despite all the positive aspects of the company, we...
Crude Oil ETF (UCO) Entry: Unlock Price target: 31.00-32.00 Second PT: TBD Analysis done on hourly timeframe. The ever-volatile energy sector has been beaten down this year as America’s elections approach. Elections are often a time when the presidential administration seeks to keep gasoline prices low to win over the public vote. Simultaneously, the past 12 months have been marked by rising global tensions, especially in regions where oil is heavily extracted. This usually leads to higher oil prices, but the influence of the election has kept prices at bay. However, as tensions rise and demand begins to increase, oil prices are likely to surge again. The UCO ETF is a solid way to gain exposure to this potential increase,...
Ericsson (ERIC) Entry: Unlock Price target: 9.50-9.70 Second PT: Unlock Analysis done on hourly timeframe. Ericsson is a telecommunications company that provides technology and equipment to mobile and network operators. The Swedish based business recently made headlines following their earnings and newly landed 5G contract in Taiwan. Stocks such as Ericsson suffered severely in recent years as demand in the space slumped, but the biggest highlight of their recent earnings call was demand recovery. Ericsson has posted six straight quarters of negative revenue growth, but this quarter was nearly at breakeven compared to the same period last year, reinforcing their demand recovery outlook. Net income has also moved back in the right direction in the first three quarters of 2024,...
