News / Uncategorized
[Platinum Watchlist] (2.2.23) updates on 6 stocks
[Platinum Watchlist] (2.2.23) updates on 6 stocks
August 21, 2023
Good morning.
We moved past the FOMC meeting yesterday and the markets were rewarding to the bulls. Today we are looking for more earnings from the mega caps.
LMT closed at 462.25 yesterday bouncing off the 20-day SMA which has provided price action support for the past 4 days. The RSI is now above the 50 level. The 9-day SMA is sloping up but is still below our cost basis at 455.35 so any sell orders would have to be placed above that level to preserve gains.
ADBE closed up yesterday wicking off the upward moving 9-day SMA and our cost basis of 363.15. All of the oscillators are in the green with an upper resistance level of 438.40. We also saw a cross of the 200-day SMA by the 9-day SMA.
SFM closed up yesterday at 32.06 continuing its sideways trading pattern using the 20-day SMA as support. The oscillators are all in the green with the RSI above the 50 level.
ED has been on the “horizon” list and closed up yesterday. The MACD had a very slight positive crossover of the signal line. Watch for more strength here along with the RSI which is at 51.15.
GD and CPB remain on the “horizon” as they have not provided satisfactory set-ups per the trading guidelines at this time.
Have a great day! This information is provided for educational purposes and is not a recommendation to buy or sell a security.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Watchlist] (2.2.23) updates on 6 stocks
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Watchlist] (2.2.23) updates on 6 stocks
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024