Category Archives for Chart of the day
Extreme Option Profits Chart of Day…Albemarle (ALB)
Lithium stocks are on the move. All thanks to rising lithium prices, electric vehicle demand, and industry consolidation news. In fact, Orocobre Ltd. just announced it will acquire Galaxy Resources Ltd., creating a $3 billion miner and one of the world’s biggest producers of lithium, reports The Wall Street Journal. Helping, by 2030, the world […]
Continue readingExtreme Option Profits Chart of Day…First Solar (FSLR)
Solar stocks, like First Solar (FSLR) could have brighter days ahead. Just this morning, analysts at Citi upgrade the stock from neutral to buy. The firm notes the company is well-positioned to benefit from Joe Biden’s green energy push. At the moment, they have a price target of $100 from $88. Helping, Joe Biden has […]
Continue readingExtreme Option Profits Chart of Day…Amazon (AMZN)
At $3,400, Amazon (AMZN) may be undervalued by up to 70%. That’s according to Jefferies analyst Brent Thill, who says the stock could carry a market cap of up to $3 trillion, as noted by Yahoo Finance. “Our sum-of-the-parts analysis shows ~70% upside over the next three years [for Amazon], driven by Amazon Web Services […]
Continue readingExtreme Option Profits Chart of Day…Digital Turbine (APPS)
One of the most explosive stocks on the market has been Digital Turbine (APPS), which provides provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers. After bottoming out at $4.24 in early 2020, the stock ran to a recent high of $86.70. While it’s been an impressive move to date, […]
Continue readingExtreme Option Profits Chart of Day…Lithium Americas (LAC)
Keep an eye on Lithium Americas (LAC). With the EV boom fueling lithium demand, stocks like LAC could easily race to higher highs. B. Riley analysts just initiated a buy rating on the stock with a price target of $25. “Domestic projects offer several inherent advantages over overseas imports, namely lower freight rates and sourcing […]
Continue readingExtreme Option Profits Chart of Day…Nio (NIO)
After falling from about $64 to $39.66, Nio (NIO) found double bottom support and is just beginning to pivot higher. RSI, MACD, and Williams’ %R are also deep in oversold territory. From here, we’d like to see the NIO stock retest its 50-day moving average around $49. Helping, Nio deliveries are still strong, despite the […]
Continue readingExtreme Option Profits Chart of Day…US Steel (X)
President Biden’s infrastructure bill could put $621 billion into transportation infrastructure such as bridges, roads, public transit, ports, airports and electric vehicle development. It could also: Inject more than $300 billion into improving drinking-water infrastructure, expanding broadband access and upgrading electric grids Put more than $300 billion into building and retrofitting affordable housing, along with […]
Continue readingExtreme Option Profits Chart of Day…US Steel (X)
Keep an eye on steel stocks such as US Steel (X) and Nucor (NUE) this week. Joe Biden has been meeting with economic advisers on a potential $3 trillion package of investments for infrastructure. He’s expected to release further details of his potential program in Pittsburgh over the next few days. In addition, Treasury Secretary […]
Continue readingExtreme Option Profits Chart of Day…Plug Power (PLUG)
Hydrogen stocks pulled back the other day on news Plug Power (PLUG) would have to restate earnings for 2018 and 2019. “The accounting related to the restatement is complex and technical and involves significant judgments in how to apply U.S. GAAP, given the innovative nature of the company’s business and its leading position in a […]
Continue readingExtreme Option Profits Chart of Day…TripAdvisor (TRIP)
Travel site stocks could see higher highs moving forward. For one, we have millions of vaccines rolling out, increasing confidence that life could soon return to some sort of normalcy. Two, Joe Biden is reportedly eyeing mid-May 2021 to ease travel restrictions, according to CNBC. “There is going to be a sea change in mid-May […]
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