Lyft closed the trading day at $8.46 — its lowest price since joining the New York Stock Exchange in early 2019. At the start of the pandemic, Lyft stock bottomed at around $14.68, close to 50% above its price today. One would assume this might be the bottom for Lyft stock, but it could go lower, making it a difficult […]
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Here you can find finance articles related to tech stocks. We have been studying tech companies for decades. We watched as Google, Amazon, Apple, and Microsoft became some of the top earning companies in the world. We have a proven track record of predicting with great success where tech companies are likely to be in the coming years. Subsequently, we have begun to share that wealth of knowledge with our audience.
Enphase Upgraded to Buy/$282 Price Target by Janney – Feb 28, 2023
Enphase has been upgraded to a Buy rating by Janney. It’s the first upgrade the stock has received since December 19, 2022, when it was upgraded to Outperform by Northland Capital. Enphase closed the trading day at $210.78. Ideally you bought in under $200, but that doesn’t mean you should sit out now that it has risen to $210 because […]
CrowdStrike Is a Buy for Medium-Term Time Investment Horizon – Feb 15, 2023
Many asset managers suggested CrowdStrike was a good buy for investors with a long-term time horizon in 2022; however, the price never looked cheap enough for me to open a position. Checking the stock now is a different story. CrowdStrike likely bottomed for this bear market a few days into the new year. It was difficult to know that then […]
Enphase Is a Buy for Medium-Term Investment Horizon – Feb 11, 2023
Enphase has sold off to the bottom of its trendline. It’s a relatively new trendline and one I expect to continue, making the stock a good opportunity for a medium-term investment horizon. Enphase closed yesterday with a 29.44 billion market cap. Enphase has a chance of being one of the next billion-dollar companies. One of the reasons I expect Enphase […]
Long List of Downgrades for Lyft by Institutions – Feb 11, 2023
Lyft has received a long list of downgrades by institutions overnight. Wells Fargo, Wedbush, Truist, Loop Capital, KeyBanc Capital Markets, JP Morgan, DA Davidson, Citigroup, and Gordon Haskett have all downgraded Lyft. It’s rare to see so many institutions downgrading a stock all on the same day. That said, yesterday was an earnings day and Lyft had an earnings miss, […]
Snapchat Is a Buy for Short-Term Time Horizon Traders – Feb 7, 2022
The Options Action Twitter account tweeted earlier today that “options traders stay bullish on SNAP,” which made me take a look at the stock and I liked what I saw. SemRush suggests Snapchat hasn’t paid for any traffic ever — all of it is organic and it hasn’t seen a decline since the pandemic. The boom in Snapchat’s stock price […]
Buy Bill.com at $95.33 for Short-Term Time Horiizn Trade – Feb 7, 2022
Bill.com closed the trading day at $95.33. It started the day as low as $93. Though the extra $2 would have been nice, the fact that the day ended green for the stock only reiterated my belief that it is highly likely to bounce from this position. At $95, Bill.com sits on the same level of support as the end […]
Nu Holdings is an Upgrade According to Technicals – Jan 14, 2022
Most stocks have bounced lately, but Nu Holdings hasn’t moved much. According to the charts, it’s also a time when there is likely limited downside for the stock. What’s more, the trendlines for Nu Holdings are soon to converge and begin a new pattern with a positive outlook — a contrast to other stocks like Xpeng at the moment. Not […]
Technicals Suggest Teladoc Could Fall Much Further – Dec 28, 2022
When in a downtrend like this, you don’t want unprofitable companies. Teladoc doesn’t have a listed P/E or forward P/E ratio at all because the numbers are so high. Moreover, the Teladoc short float is 18.31%, which is far higher than I would be willing to invest in. But the worst news for Teladoc is actually the chart. A new […]
Chinese EV Stocks Haven’t Looked This Risky Since Start of Pandemic
We have seen Chinese EV stocks such as Nio, Xpeng, and Li Auto decline in a downtrend that started at the beginning of 2021. Six months ago, it was assumed that the downtrend would surely come to an end soon due to the stocks having sold off so low. However, the stock prices are generally even lower today, and still, […]
Roku’s $39 Stock Price Still May Be Too High – Dec 28, 2022
Roku stock has dropped from $492.25 to $39.23. Given asset managers like Cathie Wood were suggesting Roku at $490 was still good value, it would be easy to assume Roku makes for a good buy right now. However, most asset managers I listen to still think Roku isn’t a good buy yet in this environment. Roku’s market cap (5.60 billion) […]
Tesla Stock Has RSI of 16.56 – Dec 28, 2022
Tesla stock has dropped from a market cap of 1.2 trillion to 350.66 billion over the last 12 months. Elon Musk contributed to some of that selling by selling his own Tesla stock (insider transactions -93.83%). However, Musk also did several things that would help the stock including his most recent announcement that he would search for a new Twitter […]
Roku Should Find Support at $45 – Dec 17, 2022
Tech stocks keep falling, but there are some places you can invest until the market finally bottoms. In particular, you need to look for stocks that are likely to have found their bottoms already or are approaching solid levels of support. The technicals show Roku could have fallen far enough to have found a considerable support level that would be […]
Al Root Thinks Tesla Could Fall to $100 – Nov 22, 2022
Al Root, a senior writer at Barron’s, thinks Tesla could be on its way down to $100. He cites the technicals as suggesting Tesla is still a sell and could fall much further. I don’t agree with his opinion, but it’s noteworthy that a senior writer at Barron’s would say such a thing. It has my attention. Tesla will always […]
Strong Coinbase Selling Suggest More Pain to Come – Nov 22, 2022
Golly, it has been difficult in the stock market over the last few months. If you made money it was more luck than skill, that is for sure. But you have to be in the market to ensure you don’t miss out on the big gains when they happen premarket, so it’s normal to be down money lately as we […]
Lyft Forms Multiple Bottom – Nov 16, 2022
Lyft stock has formed a multiple bottom pattern. This pattern first bottomed in July and then again in October. And now in November it dipped once again to its bottom and has rebounded slightly since then. As we head into the last six weeks of the year, investors are generally becoming more bullish: China’s lockdowns are said to be easing, […]
NIO Stock Looks Attractive for First Time in Long Time
Nio stock looks attractive to buy for the first time in a long time. Since 2020, Nio has been one of my favorite stocks [for long-term investment potential]. I saw no reason why Nio’s market cap couldn’t rise to the same as Tesla’s, and given how much further analysts expected Tesla to rise, it meant immense upside for Nio. The […]
Microsoft Could Be Leader in Metaverse with Microsoft Mesh
Microsoft released a new feature to Microsoft Teams called Microsoft Mesh which enabled shared experiences through mixed reality apps. Microsoft Mesh lets you feel presence unlike any online meetings platform before. Microsoft Mesh offers new depths and dimensions to be able to engage in eye contact and facial expressions in more detail, thus offering more insight into personality than we […]
Match Group to Benefit from Metaverse Dating
Match Group owns 60% of the online dating market share. If the metaverse were to grow as much as many predict, Match Group stock could be a huge beneficiary. If there is one obvious upside to the metaverse it’s connecting people. And one of the most obvious ways to connect with others is online dating. With younger generations having fewer […]
Solana May Be Cryptocurrency to Buy on This Dip After Partnering with Google Cloud
Back in November, it was announced that Google Cloud had partnered with a blockchain. That blockchain turned out to be Solana. Solana was one of the first blockchains to offer smart contracts, although its critics say it is not as decentralized as other blockchains that offer similar functionality such as Ethereum. Google seemingly doesn’t see that as much of a […]
Motley Fool Calls Alphabet Once in Decade Buying Opportunity
The Motley Fool has given three stocks it thinks are once-in-a-decade buying opportunities and one of them is Alphabet. The Motley Fool acknowledges investors were disappointed in Q3’s advertising results as a reason for Alphabet’s stock price plunge this year. But they say Google has seen advertising headwinds before and always overcame them. And they don’t see a reason why […]
Tesla Closes Week at $195.97; Could Rise More than Google for Remainder of Year – Nov 13, 2022
Some big tech stocks are more appealing than others to buy on any given week. Right now it is Tesla that looks the most appealing out of large-cap tech. Google saw a big green candle stick from $87.02 to $97.26 this week, but Tesla didn’t experience a green dance stick at all. One of the reasons Tesla was lagging was […]
Meta Sees Strong Demand after 7 Year Low – Nov 13, 2022
Meta bounced with the rest of the market this week after having fallen to its lowest price in seven years last week. Meta fell to $87.50 last week, its lowest price since 2015. That was a lot lower than the charts were suggesting it would fall. Meta has since risen to close the week at $114.91 which is where we […]
Google Bounces to $96.73; P/E Back to 19 – Nov 13, 2022
Though still yet to break out of its downtrend, Google bounced from $83.72 to $96.73 and now sits 2.08% above its 20 SMA. This price gives Google stock a P/E ratio of 19.31 and a forward P/E ratio of 18.25. Many stocks bounced a long way this week due to the hope that inflation may have peaked. But it was […]
Xpeng Closes Week at $8.49; Has More Green than Red Days since Oct 22 – Nov 13, 2022
Xpeng closed on Friday at $8.49 after having fallen to as low as $6.42 at the beginning of November. Many American stocks bounced this week due to inflation reports being positive. For the first time this year, we got some news that suggested inflation might be on its way down in America. Though the inflation news was related to America’s […]
Google Insider Transactions up 20.99% – Nov 1, 2022
Google closed the day at $94.66 which gives the stock a P/E ratio of 18.45 and a forward P/E of 17.40. That’s not excellent value necessarily but what gives Google stock hope is that we can see insider transactions up 20.99% suggesting that some Google employees do see this as a buying opportunity. That being said, we certainly have respect […]
Xpeng Falls to Nearly x4 Under 200 SMA – Nov 1, 2022
It’s not easy right now to pick Chinese stocks given the negative sentiment by the capitalists surrounding the ruling Chinese Communist Party. But we’re starting to see prices and circumstances that might signal some buying points. Xpeng has fallen to nearly 4 times under its 200 SMA. Michael Burry came out recently and hinted the stocks that are not yet […]
Weak Nasdaq Rally Could Fall into Closing Stages of Bear Market – Oct 28, 2022
The Nasdaq was oversold at $10,545. It rallied to $11,738 and is now consolidating. If the consolidation breaks to the downside over the next few weeks and we reach new lows for the year, it could be the final stages of the bear market and the beginning of the capitulation in big tech that we have been waiting for. The […]
Amazon Down 14.38% After Hours On Earnings Report – Oct 28, 2022
Amazon’s stock is down 14.38% after hours on a weak earnings report. It joins a list of big tech stocks plummeting toward what should be close to their bear market lows. Meta Platforms fell 24.56% on an earnings miss being blamed on unexpected metaverse spending. But in reality, all big-cap tech stocks are now plummeting during this bear market which […]
Meta Platforms Falls 24.56% on Unexpected Metaverse Spending – Oct 28, 2022
Meta Platforms closed the day down 24.56% after a weak earnings report showed unexpected spending on the metaverse. During the current bear market, we had expected Meta to fall to roughly $116, where a specific level of support was for the Facebook and Instagram stock. Now that it has fallen to $97.94, we have started to buy in at this […]