Corning (GLW) shares rallied more than 20% over a short period following its earnings release 2 weeks ago. The stock has now seen a technical pullback, making it an attractive buy at $42.50.
The communication technology company’s management increased their outlook over the next year after guiding Wall Street analysts’ targets for earnings per share and revenue.
Short Term Technical Support stands at $42.50 a share after the stock made a healthy correction following its moon shot higher.
Investors should target a price of $50 for Corning shares over the next 3-6-months.
Kroger (KR) shares are shifting into another intermediate term bullish trend as the stock prepares. To break above $55.
The company was in the headlines last week as the State of Colorado is suing to halt Kroger's acquisition of Albertsons. The news immediately followed Kroger’s announcement of stores that the company would be closing to avoid further antitrust scrutiny.
Watch for a move above $55 to spark a new round of stock upgrades after the company beat their earnings targets from May and boosted their outlook for the rest of 2024.
The Presidential campaign season has shifted into high gear, and that’s good news for Gannett Co. (GCI).
It’s a little-known secret that media companies like Gannett perform especially well in election years, but it makes sense. Gannett, owner of USA Today and other media outlets, benefits from increased readership and advertising as we approach the general elections in November.
The stock entered a new bull market trend in May and is now breaking above the psychologically significant $5 price level.
The stock’s 4-6-month target remains at $7.
Fresh off their earnings report, Cincinnati Financial (CINF) stock saw a volatile week of trading, but the stocks trend remains bullish over the next four to six months.
Shares of Cincinnati Financial saw a sell the news moment on Friday after their positive earnings report, but. The stocks momentum. Is set to carry it to new high territory over the next few weeks.
The Cincinnati based company is up more than 24% over the last year and boasts a yield of 3.2%. Making it an attractive growth & income stock.
Walgreen Boots Alliance (WBA) shares lost a third of their value following the company's dismal earnings report and outlook weeks ago. The pharmacy/retailer has continued to struggle under the pressure of competition from larger pharmacies like Walmart and Kroger’s.
Shares of Walgreens Boots Alliance found support just above the $10 price level. Recently. After that, the stock rallied to nearly $12.00, but that move should be viewed as nothing more than a dead cat bounce.
Watch for shares of Walgreens Boots Alliance to not only head back towards that price of $10.00, but eventually break it. With a target of $8 over the next three to six months.
