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"Stocks To Watch"

"Stocks To Watch" are some of our favorite choices for the current market
with most having established trading ranges. We try to work with-in
the trading range and feel this group of stocks are active
stocks and are worth taking a closer look

Sunday, November 12, 2023

I am turning quite bearish for the next couple of years simply because of Joe Biden and all the bad things he's doing to the people of the United States of America. I don't see him stopping that and with the spending becoming nothing short of ridiculous, of which I don't
see stopping either. Now we have to contend with banks falling apart and who knows what's coming next. I just feel that over the
next two years the market will get hit real hard right along with the economy. There will be some good stocks to jump on, as there
always are in any market, but most I feel will
have a very hard time over the next 2 yrs., unless Congress can get rid of Joe Biden.

The prices below are the closing prices on the last trading day
of each week and are compared to the closing price the week before.
Closing prices on Friday, November10

52 Week Index Highs

The markets, looking at the table above, show 0 indices reaching a new 52 wk high, vs 0 the week before. The Nasdaq set a new 52 week high several times in the past few weeks, breaking the last new high from 8.16.22, but none since.

insult to injury, all of the indices are at a loss for the year (YTD), but with only 1 closing in bear market territory. Since I believe that markets can't go any where with out OTC stocks, it is a real nice to see the Nasdaq jump up this past week. The loss of  -5.83% from the 52 week high is much better than the double digit 2 weeks ago.

Inflation still at "not seen in 40 years," with gas prices moving higher, as is true on everything, and appears to be continuing. In the long run markets do not like inflation. Recently, Joe Biden said that inflation was only 3% and that they have it under control. I believe this is an out and out lie, Inflation is closer to the 8% mark.

If we still want into this Biden man-made catastrophe we want to look at the trusted and true stocks such as Walmart, Intel Corp. (low PE-low stock price). Also, some of my favorites such as AMD (big mover right now), Intel (lowest performing DOW 30 stock for 2022 - 2023) and Qualcomm (potential big mover in 2023.)

The price of gold had been bouncing up & down recently which can be blamed on Biden's World War III, closing at $2026.40 (4/7/23) but eased back a little but still bouncing this past week closing at 1942.70, off -$57.20 vs off -$16.40 the week before. Gold finally closed over the $2000 mark (4.7.23) for the first time since August 2020 (3 years ago). Gold closed off -$0.40 for 2022 but managed to close up +112.60 for 2023, so far. If you want to buy metals look to silver as the better bet (after a pullback.)
off -$16.40.

Since I am a technician first, the fundamentals will always take a backseat while the trend will stay in the front. Due to the recent  up turn in the markets we are finding many stocks are simply too high to buy. We can no longer count on the recent trend of any industry, meaning research and homework will be needed to find the winners within each industry.

The DOW 30 stocks had 2 new 52 week highs (WMT & MSFT) last week vs 1 new 52 week highs the week before. Apple had hit several new highs recently.

In  2010, when the discount to the 52-week high for all 30 stocks was at -4.19% the markets sold off heavy, simply because too many stocks were too high to buy reaching the all-time low on this index is -52.76.%. This is telling us the markets could still have quite a drop ahead of us if the DOW 30 even attempts to get near the all-time low.

I'm betting that the OTC stocks will outperform the blue chips whenever it decides to go and what ever direction. I believe we are starting to see signs of trouble when looking at how long the chart below had been trading on a straight line. The chart below may teach us much over the next few weeks.

The recent market finished the year as the worst year since 2008. Currently, looking at the chart below, we can see that a very important resistance/support level at -22% gave in to the downside. A close under -26 would be a sign of lower ground ahead.

Dow 30 discount


See more information on the DOW 30 stocks by clicking here

at the chart above we can see a downtrend (started late in 2021) continuing with few slight rallies turning down again 
recently. The discount to the 52-week high was more than -20.19%. After climbing the discount moved to near -4% before starting a down hill trend hitting a new 52 week low of -31.25% on 9.30.22,  but managed to give us a 52 week low before turning back up with the current discount at -22.01%. 

The DOW 30 reached a record new high  (1/4/22) at 36,799.65. The Dow 30 finished 2022 at 33,147.25, off -3,806.40. The current level is a support/resistance level, which means no one knows which way it will go. It has tested this level several times in the last year. Looking at the chart we can see an important support/resistance level at -24%, but the markets are climbing.

Another stock I like his Walmart (WMT)
because it has become more aggressive and it seems to be attacking Amazon. This is because each and every store is a warehouse making it possible to deliver things to you in just a few hours from the time you order, either online or on the phone. The stock price recently reached a new 52 week high.

Wishing you the best for 2023!   JR

Recommended Low BUY was $1.75
Over 5500%
Recent buy was under $60

Advanced Micro Devices (AMD) (52 week range 60.50 - 132.83), now at 118.59, up from $112.25 last week. Nice gain off the bottom, so far. If bullish, entry here could mean decent short-term profits, depending on the market.

AMD expanded its desktop processor lineup with new processors that deliver superior performance, features, and near-silent operations. A couple of new processors (A10-7890K and Athlon X4 880K) offer increasingly powerful processor options available for anyone seeking outstanding game play and power efficiency for their desktop PC.

AMD's data center GPU sales increased significantly over the last year, driven by a double-digit-percentage increase in the shipment of Radeon Vega graphics cards, which were in high demand, but could see this growth slow down a lot.

Since this slow down will hurt all chip manufactures and users it will be hard to find the diamond in the rough, but I believe this top gainer will again be AMD.

The price of Advanced Micro Devices Inc. just didn't want to stop climbing but finally gave in several months ago, due strictly to the market falling on virus fears, but following lower than we could imagine but recently the price of the stock started climbing again. This has been one of my top choices with a return of several thousand percent from my $1.75 buy and all I can say is if the market keeps climbing, so will AMD.

This stock tends to follow the market and anything close to, or under $100 per share, could be a great bet. It's hard to tell where the stock might go from here but my best guess is the markets are going well. Just a guess. Total cash is setting at 5.99B.

Hold here with entry OK on pullbacks.

1 for 45 makes the current price a deal!

cbdMD, INC (YCBD) (52 week range 0.88 - 40.05), new close after the 1 share for each 45 shares previously owned is $3.27 X 40.05. Before the reverse the close on the week was $0.071 X $0.713. It may be a long time for shareholders to break even with a high over $40, which makes the stock an excellent buy at these current levels.

Now at $0.71, flat from 0.71 last week.

cbdMD produces and distributes various cannibidiol (CBD) products. It owns and operates the consumer hemp-based CBD brand, cbdMD. The company's product categories include CBD tinctures, capsules, gummies, bath bombs, topical creams, and animal treats and oils. It also offers pet related CBD products under the Paw CBD brand name.

I first gave you this stock on 01.12.20 at $1.05 and followed through with a BUY at $0.58 on March 20/21 and the stock climbed to over $4, or adding new ground during the virus attack on the markets. The company announced that Net Quarterly Sales Jumped 67% Year-Over-Year To $9.4 million. E-commerce Sales Increased to 72% of Total Net Sales. The problem is that earnings were in the minus column and after receiving $18 million from the new offering this should not have happened.

They have been getting poor advice from the investment people they use every since they became public never knowing anything whatsoever about how terrible of the job they were doing. I would not touch this stock until after the reverse settles because I feel it's got a ways to go before that happens. Maybe all the way back to a dime. Everyone who bought the stock is losing their butt!

Possible strong entry-level right here!

"Consider buying under $45"
"A Dow Jones Industrial Average Stock"
Cisco Systems bounced off the new 52-week low quite well

Cisco Systems ( CSCO ) (52 week range 44.30 - 58.19), now at $52.59, off from $53.01 last week. This Dow Jones Industrial Average stock (replaced GM).

The networking giant reported earnings and revenue better than Wall Street’s revised expectations for the quarter. Cisco’s revenue of $53.16 billion, but slightly better than consensus estimates with profits of 2.73 per share.

The stock bounced off the new 52-week low quite well, reaching a new 52-week high just last week. The trailing PE is 17.13.

The  current price could be considered too high for entry, even in a decent market correction.
However I do like the longer-term growth. Entry would be best when under $42, with the $62 target.
Best entry under $42.

A "Featured" "Spotlight Stock"

Moves up in down markets


Comtech Telecommunications ( CMTL ) (52 week range 7.91 - 16.87), now at $12.06, off from $12.68, last week. Our original buy under $4, in 2003, carried all the way to over $50 and split twice along the way. CMTL has become a stock to own for the long term again after trading near $9 in Oct. 2016 and again six years later.

Comtech shares have climbed from $10.09, a 200 percent move since the beginning of the year and a new 52 week high, before backing off to under $10 again. 

Comtech, which makes equipment used in satellite and other mobile communications systems, has a strong cash  position and has been receiving new contracts repeatedly. The stock was up over 200% in the last 52 weeks, but it seems to be giving it all back.

A "best guess", is under $9 might be and excellent bet.

Entry best under $10 !

A "Giant Winner" "Spotlight Stock"
(But not anymore)
(the stock moves like a snail, but safe at current prices)
Fonar Corp. ( FONR ) (52 week range 12.13 -19.00), now at $14.10, up from $13.78 last week. I first started following Fonar in 1982 and have followed it every day since. The stock is very liquid, as it usually trades strong volume daily. Great products would be the reason to own this stock, but recently business has slowed and so has the stock. Waiting might be the better met, at least till this market finds a bottom.

With so many years behind it, the best MRI scanner on the planet, far less shares because of a reverse split a couple of years ago is the real reason for this stock to be one of the best performers this decade, and it did it all in a few years.

It was a great ride and still might be if in near the low end of the range. The stock seems to reach the point where it has considerable trouble climbing and has been a poor performer so far this year. Word has it that insiders are buying.The trailing PE is 10.68.

As far as the trading range goe
s, the stock had a high of $33.15 in in October/17. Currently trading at $14 +. Entry in this area could bring an easy 8 dollar profit, but the confusing market makes it harder to predict how far stocks might move, but it is finding it hard to move lower and stay there.

If wanting in buy when near $12.

New 52 week high recently

Intel Corporation( INTC ) (52 week range 24.73 - 40.07), now at $38.86 up from $38.14 last week. Intel is a great company to own for the longer term but too high to buy. The stock fell off a cliff after reaching the 52 week high in December, but bottomed out in February at just under $28 before setting several new highs. Unfortunately the stock has been falling since and lower then anyone could guess the bottom.

Intel announced sales were crashing, earnings turned to losses, and the pain is likely to persist. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.9% growth forecast for the Semiconductor industry in the US.

Intel (NASDAQ: INTC), had to cut its full-year top-line expectations because of weak demand for its data center chips. Chipzilla's data center sales were down 6% year over year to $4.9 billion in the most recent quarter, while the market was anticipating $5.1 billion in revenue from the segment.

A top buy this close to the low!

If wanting in entry best while near $30 !

"A Very Active Stock"
"If Bullish - Buy Here"

Qualcomm (QCOM) (52 week range 101.47 - 139.94), now at $124.21, up from $119.52 last week. A very active stock, a fast growing company and a great industry. The stock is active and stays strong even in down markets.

Not that long ago the
Modem-Licensing Saga had ended as Apple and Qualcomm Settled. The biggest technology licensing lawsuit of all time came to a surprise ending when Apple and Qualcomm suddenly settled all legal actions across the globe after two years of disputes.

QCOM recently unveiled Snapdragon-backed third-generation 5G modem — X60. Upping its 5G chip dominance in the global market, the much-awaited launch is likely to boost network performance and provide flexibility to operators with optimized spectrum resources, in the face of universal migration from 4G to full-fledged 5G ecosystem.

is setting on $13.80 billion in cash with a book value at $7.25 with cash per share at $11.44. A positive would be the trailing PE of 19.05.

The stock fell quite far from the 52-week high of $156 but seems to be back to normal and climbing. Anytime we can get in near the 52 week low there is a strong chance we will own a money maker. Nice company to own on pullbacks.

Best entry would be under $105!


- Nice Long-Term Stock -
A Big Winner for the Spotlight

TetraTech (TTEK) ( 52 week range 131.19. - 173.27 (new high) ), now at $154.44 up from $153.22 last week. A very nice young company in a great industry (Technical Services). Tetra Tech is a leading provider of consulting, engineering, program management, construction, and technical services addressing the resource management and infrastructure markets.

TTEK has approximately 10,000 employees worldwide. The stock can be very volatile and has a tendency to move several dollars in any given week. Exciting stock to own and if you're patient looks like so far you're always make money. Credit goes to strong earnings.

TTEK recently announced that it has clinched a $85-million contract from the U.K. Department for International Development (“DFID”). Per the single-award deal, the company will support DFID’s Powering Economic Growth in Northern Nigeria (LINKS) program.

The trailing PE of 27.38.

Recently set a new 52 week high!

Hold here with best entry anytime under $130!

Now trading on the American exchange

Know Labs (KNWN) new symbol (KNW) (52 Week Range - 0.23 - 1.80), now at $0.3945 up from $0.2940. This stock always makes strong moves higher after falling anywhere under the $1.50 level, but the recent earnings report caused investors to flee.

Know Labs, Inc. (OTCQB:KNWN) Know Labs, Inc. focuses on the development and commercialization of proprietary technologies in the United States. Its technology uses spectroscopy to direct electromagnetic energy through a substance or material to capture a molecular signature.

Know Labs, Inc. designs scanning devices made with electronic, optical, and software parts to produce and capture the light. Know Labs is involved in all types of ID products, even the badge many workers wear to get into work.

The (about 2 years ago) 1 for 150 share reverse left only about 1.8 million shares trading as the stock fell from over $9 dollars to the under $1. The stock has moved up since but always falls back as it is currently, but I believe anything under $2 is a steal.

KNWN announced a new offering at $2 on the way to registering on the American Exchange.

Although, the extra 3 million may need to be spent on promoting the company, otherwise nobody will know they exist.

Recent financings show big loss for the company

Waiting might be best!

Shop for the bargains in the secondary stocks for potentially bigger profits. Many of the smaller stocks offer a greater opportunity for bigger profits. Looking there might be the place to be. Smaller stocks will move around on their own merits and not so much due to the changing economic situations.


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