Three Stocks: Super Micro Computer, Walmart, and SolarEdge

Super Micro Computer

Super Micro Computer (SMCI) shares were trading lower in the pre-market, as traders are a little nervous about the market holding its gains from the last week or two. This stock will be the “canary in the coalmine” when it comes to watching for that “buy the dip” opportunity that I am still waiting for in Nvidia (NVDA).

Walmart

Walmart (WMT) shares start trading at their post-split price this morning. I already got one text message from a friend asking why the shares are down 67% from Friday’s close… Because you own 67% more shares 😊.

This is one of the stronger performers in the retail sector and stock splits on companies like WMT and Procter & Gamble (PG) are almost always good for a four-to-six-week rally. Blue Horseshoe like Walmart.

SolarEdge

We’re going to talk about solar and clean energy on Wednesday, but for now, watch shares of SolarEdge (SEDG) closely. The stock is breaking through the $65 price level this morning on heavy trading. SEDG has been a laggard in the clean energy sector.

This is also one of the stocks that has a bad history with Week Nine. I’m targeting a move to $50… a 24% drop.


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