🐤 SolarEdge Stock Climbs Back: Goldman Sachs Sees 40%…

December 20, 2024
by RJ Hamster

GOOD MORNING

Equity markets rebounded from Wednesday’s Fed-induced sell-off, but Thursday’s action gives little reason to think the selling is over. The S&P gained less than 1% to trade in the lower half of the previous day’s range, creating a Harami candle pattern signaling the sell-off has the potential to gain strength. A move to retest Wednesday’s low is likely, and a move to new lows is possible. The market could fall as low as 5,700 in that scenario before the S&P 500 hits firm support.

Today will be a test for the market. The PCE Price Index is due and expected to confirm inflation is rising. A hot report will strengthen the Fed’s resolve, possibly leading them to reduce the rate cut outlook again and give the market a reason to sell. The silver lining is that the underlying causes of high inflation are demand and economic health, which are drivers of corporate earnings and bullish for stocks.

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SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside

As years go by, 2024 has not been a great one for shares of SolarEdge Technologies Inc (NASDAQ: SEDG). The $800 million market cap stock is down 85% since the start of January, which means it’s back trading at 2016 levels. For any investor that was involved in SolarEdge in the 8 years s…

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Palantir’s Momentum Persists Despite Market Worries

Palantir Technologies Inc. (NASDAQ: PLTR)stock is flat in the four days after the company was named to be part of the NASDAQ 100 starting on December 23, 2024. But that’s because of a pullback of over 5%, which correlates to the broader market pullback after the Federal Reserve’s decision on i…

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Stock market today: World shares are mostly lower ahead of key US inflation data

Global shares were mostly lower Friday as markets awaited U.S. personal spending data for November that are due later in the day. Britain’s FTSE 100 lost 0.3% to 8,078.21 and the CAC 40 in Paris fell 0.9% to 7,226.70. Germany’s DAX was 0.9% lower to 19,780.63.The future for the S&P 500 slipped 0…

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Why Trump’s Win Can’t Stop the Coming Crisis – Protect Yourself Now

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Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.The Dow Jones stock index essentially ended Thursday flat after having posted 10 days of losses. The Federal Reserve now sees inflation…

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AI’s Next Big Winners: 3 Small-Cap Stocks to Watch in 2025

In the midst of companies looking to implement AI and investors looking for a way to profit from the trend, up-and-coming AI firms continue to pop up. Below, I’ll detail three small-cap AI stocks to watch out for in 2025. Two have had great 2024s and are looking to continue their strong showin…

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Micron Stock Under $100: Seize the AI-Driven Upside

Investors interested in Micron Technology (NASDAQ: MU) should cheer the fact that its stock tanked following the FQ1 2025 earnings report. The move is a knee-jerk reaction to mixed results and guidance that point to near-term weakness and long-term strength, driven by its shift to AI. The l…

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Russian central bank holds rates steady at 21% amid criticism from key business figures

Russia’s central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff out inflation fueled by the government’s spending on the war against Ukraine

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Ad Sales to Top $1 Trillion: 3 Stocks to Take Advantage

Advertising is an age-old industry that is growing at a brisk pace to this day. GroupM, a market intelligence firm, projects global ad revenues will rise by nearly 10% in 2024. Moreover, it predicts that total revenue will eclipse the $1 trillion mark this year. A key factor contributing to the st…

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MARKETS

A shake-up at one of world’s biggest frozen French fry makers

Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home

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U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate

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FRIDAY’S EARLY BIRD STOCK OF THE DAY

A Stock With Insider Buying:Bicycle Therapeutics (NASDAQ:BCYC)

Bicycle Therapeutics plc, a clinical-stage biopharmaceutical company, develops a class of medicines for diseases that are underserved by existing therapeutics in the United States and the United Kingdom. Its product pipeline comprising BT8009, a bicycle toxin conjugate (BTC) which is in phase I/II/III clinical trial for the treatment of high nectin-4 expressing tumors; BT5528, a BTC which is in phase I/II clinical trial for the treatment of Ephrin type A receptor 2 expressing tumor; BT7480, a Bi…

VIEW TODAY’S STOCK PICK

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RJ Hamster

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🐤 SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside

🐤 SolarEdge Stock Climbs Back: Goldman Sachs Sees 40%…

GOOD MORNING

MARKETS

SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside

FROM OUR PARTNERS

25X predicted for “Amazon Coin” – starting December 16th?

MARKETS

Palantir’s Momentum Persists Despite Market Worries

MARKETS

Stock market today: World shares are mostly lower ahead of key US inflation data

FROM OUR PARTNERS

Why Trump’s Win Can’t Stop the Coming Crisis – Protect Yourself Now

MARKETS

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

MARKETS

AI’s Next Big Winners: 3 Small-Cap Stocks to Watch in 2025

FROM OUR PARTNERS

This Is Your Chance To Have That “I knew it before anyone else” Moment

MARKETS

Micron Stock Under $100: Seize the AI-Driven Upside

MARKETS

Russian central bank holds rates steady at 21% amid criticism from key business figures

MARKETS

Ad Sales to Top $1 Trillion: 3 Stocks to Take Advantage

MARKETS

A shake-up at one of world’s biggest frozen French fry makers

MARKETS

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

FRIDAY’S EARLY BIRD STOCK OF THE DAY

A Stock With Insider Buying:Bicycle Therapeutics (NASDAQ:BCYC)

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🐤 SolarEdge Stock Climbs Back: Goldman Sachs Sees 40% Upside

GOOD MORNING

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FRIDAY’S EARLY BIRD STOCK OF THE DAY

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