SoundHound AI Shares of SoundHound AI (SOUN) are now trading 40% off of their highs from just a few weeks ago, as the company found themselves to be the target of a bearish report from short selling firm Capybara Research. We’ve seen dozens and dozens of reports like this in the past, and the vast […]
Archives for March 2024
March 2024 - Page 2 of 5 - Money Morning - Only the News You Can Profit From
Nvidia and Other Companies Start Seeing Price Upgrades
It started yesterday, but this is the beginning of a trend that will drive some stocks higher into the earnings season. This morning, UBS (UBS) upgraded their price target for Nvidia (NVDA) shares from $800 to $1,000. Currently, the average price target for Nvidia shares is about $950 but has been on the rise slightly […]
40% Surge in a Month, Much Higher After That
The sale is on – and your “wealth window” is quickly closing. Super Micro Computer (SMCI) fell 9% yesterday… It’s down 2% this morning… And according to CJ, this is the last chance to buy at such a steep discount. Within a month, we could see a 40% bump. And once the company reports earnings […]
10 Analysts Calling for a "Buy," 10 Analysts Wrong
Analysts still seem to love Tesla (TSLA)… But there’ll be a rude awakening for the investors following them. The stock’s trading for $175 per share today, while the average price target after 12 months is $207. According to CJ, though, that’s dead wrong. Problem after problem has left Elon’s most prized possession with long-term wounds […]
Three Stocks: Apple, Micron, and Canoo
Apple The Department of Justice is expected to sue Apple (AAPL) today for antitrust violations. The case is related to the company blocking competition from accessing hardware and software features of the iPhone. This isn’t Apple’s first time around with an antitrust suit, but the timing comes as Apple appears to be struggling with new […]
The Biden Administration Finally Writes Intel a Check
OK, this is almost too good, but remember that it’s all politics. The Biden Administration has been playing cat and mouse with Intel (INTC) for the last three months. You remember, the CHIPS Act, right? Well, Intel has been waiting for the Administration to write a few checks so they can get their plans moving […]
The “Boring” Bond Market’s Smart Money is Turning Bearish Again
There’s a reason why they call the bond market the “smartest money in the room”… Nick shot me a “Slack” on Monday that included this image from Bloomberg… (Click to enlarge) The chart depicts how the negative momentum in the bond market is growing as we’re seeing a trend of somewhat overwhelming selling in the […]
Three Stocks: Bitcoin, Apple, and SoFi
Bitcoin Bitcoin (BTC) starts the day trading 2.5% higher after completing a 20% correction from its recent highs. The cryptocurrency also found support close to another round-number at $60,000. The decline in Bitcoin has slowed some of the appetite for risk in the stock market, but I expect that we’re going to see another move […]
This Stock Is Down 6%... And We're Over the Moon About it
The stock is down 6% today… And CJ is over the moon about it. That’s because, considering Nvidia (NVDA)’s $75 million investment, its ahead-of-its-time speech recognition technology, and its foray into leading global markets, investors are walking away from incredible value. That leaves a brief opening for you. Could the stock double from here? It […]
Don't Mistake Canoo Stock's "Bump" for a "Rally"
The electric vehicle (EV) market is witnessing a volatile period, with Canoo (GOEV) recently experiencing a dramatic surge in its stock price. This surge comes on the heels of the U.S. Department of Commerce's decision to approve Canoo's Oklahoma City facility as a foreign trade zone, a move that promises to cut costs and potentially […]