"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, June 20, 2021
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.
The markets, looking at the table above, had only 3 indices reach a new high this past week. The markets seem to be telling us that it is harder to climb the latest fall because there has been a drop in the number of indices setting new highs. Also, the VL & SPREAD are both broad market that lean to the big OTC stocks.
If Biden increases taxes, and continues to do stupid things, the markets are going to go down and they're going to go down hard, just like the economy, therefore, we need to enter caution into our strategy." Remember you heard it here first!
A good example, when searching for a new stock purchase, would be the stocks on this page, as almost all of them have moved up quite well, although there are still a few that still have room to climb. Also, there are no bad stocks on this page.
The recent move from my newest stock, cbdMD (see below recommendation) moved from a low near 0.50 to over $4 in the past few weeks showing what this stock is capable of. One example, would be a week ago the stock dropped from $3.85, $3.39 back to $3.85 for the 2nd week and now at $2.88 (This is a real deal).
This is the main reason to visit this page weekly.
I introduce new picks on this page first and you heard about cbdMD here first.
Speaking of new picks if you bought Know Labs, Inc. (OTCQB:KNWN) 8 weeks ago (recommendation below) you would be up almost 500%. From $2.03 a share to over $7.50 before backing off.
Learn more about Know Labs, Inc. below
I still recommend at least holding our strong positions, but with one I always open. From now on, in my opinion, the markets have little reason to continue climbing with all the damage president Biden is causing, plus the big jump in inflation. Remember, inflation is an enemy of the markets.
If we want to get in the market today we want to look at the trusted and true stocks such as Apple Computer (4 for 1 split), Walmart, Intel Corp., AMD (big mover, but slowing down) and others that hopefully have fallen back enough to put them in a buy area.
The price of gold had been bouncing up-and-down recently after falling from the $2000 per ounce level, which was much too high, as far as I'm concerned. I still don't feel metals are a safe place to be, especially after the big moves up in the last couple of years, but under Biden anything can happen. Also, with the jump in inflation it may cause money to move to the metals. If you want to buy metals look to silver as the better bet (after a pullback.)
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 giant rally in the market 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.
My long-term pick, a stock that could be held for the next 20 years, would be Apple Inc., although the stock climbed over $499, before splitting. It's the kind of company that won't stop growing. They've got a lot of money and are very creative. The 4 for 1 stock split a few months back makes the new price lower with the stock closing at $130.46 this past week, up from $127.35 last week.
My near-term pick, is a stock that hasn't been trading that long and has a 52-week low under a dollar but has been climbing ever since. The name of the stock is cbdMD. Inc.. It trades on the NASDAQ and the symbol is YCBD. The current price is about a $2.88 and the 52 week low is $ 0.50, with the 52 week high $6.83 (recent). The company recently announced the completion of an $18 million secondary offering at one dollar. The stock is off the lows and trading strong, making anything lower from here is a buyers dream.
I say jump on this stock right now! I will bring more of this company to you soon but
don't wait for me with 18 million new dollars the stock could easily climb over
the previous $7.24 and higher,. a strong move from here.
The DOW 30 stocks that keep setting new highs (Dow30) are AXP, Apple, CAT, DOW, GS, IBM, Microsoft, Nike, Proctor & Gamble & TRV. These stocks have continued to set new 52-week highs. This is telling us fixing things at home seem to be leading the way, along with disinfectants and cleaning supplies that you'll find from P&G. Although the new highs have expanded to IBM,
CSCO & JPM, more in line with the economy.
The Dow Jones 30 industrials (see chart below) are closer to their highest point in a long time, meaning all 30 stocks, with only a couple of exceptions, are trading very near their 52-week high. This is a warning, since this is only happened once before, since I have been charting the discount to the 52-week high on all 30 stocks and right after it happened the market tanked.
This happened in 2010 when the discount to the 52-week high for all 30 stocks was a -2.87%. From that point on the market sold off simply because too many stocks were too high to buy.
I'm betting that the OTC stocks will outperform the blue chips on the upside and once the virus is behind us the big OTC stocks will rule, but only until Biden messes it up. I believe we were finally starting to see major benefits from corporate tax breaks but I also believe a Biden presidency will destroy the markets. If I am correct money will be made only in the first half of the year.
See more information on the DOW 30 stocks by clicking here
Looking at the chart above we can see at the beginning of 2020 the current discount to the 52-week high was lower than -22%. The discount moved between -7 to -11% until moving from a -10% to a -21% in only 7 days (2/28/20.) From that point on the markets fell quite hard all the way down to a discount of -41.53%, reached on 3/23/20, before working its way back up to a high of -3.25% on 4/16/21 but a big dro this past week with a current close at -9.32%. Remember this is the average of all 30 Dow Industrial stocks.
The DOW 30 is up +2683.60 (+8.7%%) on the year reaching a record new high of 34, 777.76 (5/7/21) breaking the previous high of 34,200.67 reached on 4/30/21. The chart above shows us just how strong the markets have been in the last year, except for a decent drop at election time and a decent drop this past week.
Another stock I like his Walmart (WMT) $135.17, off from $140.80 the week before, up around $4 in the last 9 weeks, because it has become more aggressive and it seems to be attacking Amazon. No matter how big Amazon is, Walmart is in a position to not only catch Amazon, but if they're smart they can overtake it. 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 share price has been climbing almost daily, but we saw a decent pullback this past week.
Wishing you the best for 2021! JR
NICE MOVE !!!
Recommended Low BUY was $1.75
AMD recently 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 here, driven by a double-digit-percentage increase in the shipment of Radeon Vega graphics cards, which were in high demand.
AMD stock has been climbing almost nonstop because of the enthusiasm around its 7nm (nanometer) product portfolio. All the hype did pay off. In the third quarter, AMD launched its first set of Ryzen CPUs (central processing units), Navi GPUs (graphic processing units), and EPYC Rome server CPU. All three products are doing well in their respective markets. However, one product that has become popular—and scarce—is AMD’s new product in the Ryzen portfolio, the Ryzen 9 3900X
AMD could end up cornering 10% of the server CPU market by the end of next year thanks to the launch of its 7-nanometer Rome processor. AMD claims that Rome will deliver substantial performance improvements over EPYC, so don't be surprised if the company manages to eat further into Intel's server dominance.
The price of Advanced Micro Devices Inc. just didn't want to stop climbing but finally gave in several weeks ago, due strictly to the market falling on virus fears, but returned to climbing. 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. AMD has a trailing PE of 35.54.
This stock tends to follow the market and is currently too high to buy.
"Up from under $1 to over $6 in 4 months"
Higher ground still ahead
BUY THIS STOCK NOW
cbdMD, INC (YCBD) (52 week range 1.52 - 6.83), now at $2.88, up from $3.40 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 and the stock has been climbing and holding, or adding new ground, during the virus attack on the markets. The company recently announced that Net Quarterly Sales Jumped 67% Year-Over-Year To $9.4 million. E-commerce Sales Increased to 72% of Total Net Sales. Confirms Its On Track To Reach Positive Cash Flow This Year.
I like this one a lot and the future promises much.
Best now and again on any pullback!
"A Dow Jones Industrial Average Stock"
Cisco Systems recently voted against voter ID
Cisco Systems recently reached a new 52-week high
CSCO is a very well-liked company and a very active stock. Cisco Systems Inc. described the current economic conditions caused by the global pandemic as worse than the dot-com crash of 2000 and the Great Recession of 2008, but so far is it faring better than expected.
The networking giant reported earnings and revenue better than Wall Street’s revised expectations for the quarter Wednesday. Cisco’s revenue of $12 billion was down 8% from the year-ago period, but slightly better than consensus estimates of $11.9 billion, and adjusted profits of 79 cents a share were even better than expectations of 71 cents a share.him
The stock has been trading in a tight range within any breakout promising to move past $50 a share. The trailing PE is 21.53.
The current price is too high for entry but the downside should be limited, even in a decent market correction. However I do like the longer-term growth. Entry would be best if under $40.
A "Featured" "Spotlight Stock"
Moves up in down markets
This stock could double from here
Comtech has been receiving multi million dollar contracts all over the place. One in October from the U.S. Army valued at $98.6 million. Another contract for $7 million for high-performance transmission amplifiers also in October and another one just a month ago from the U.S. Army for $22.2 million.
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 $12. The forward PE is 22.15.
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.
A "best guess", due to the recovering market a move to near $35 is very possible.
A "Giant Winner" "Spotlight Stock"
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 is if in near the low end of the range. The stock fell from $27 to under $10 on August 31/16, started up again and never looked back until a couple months ago. The trailing PE is 11.84.
As far as the trading range goes, the stock had a low of $20 in December/18 after reaching $25 and November/18. The recent $23 was the highest price since November/18. The high was $33.15 in in October/17. Entry in this area could bring an easy five dollars profit, or about a 30% return and should be relatively safe that.
A "Low PE"
Buy On Weakness!
Intel Corporation( INTC ) (52 week range 43.61 - 68.49 ), now at $55.67 off from $57.85 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.
Intel announced earnings that beat estimates and it sent the stock soaring a few weeks back, but recent news about QUALCOMM and Apple concerning the 5G network hurt Intel. Combine this with the Chinese virus we could see something under $45.
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.
The current PE is 12.49 leaving room to climb.
If wanting in, watch close with entry OK after a pullback !
"From $56 to $157 Just In Just A Few Weeks"
UP STRONG FOR SEVERAL WEEKS
Qualcomm (QCOM) (52 week range 86.60 - 167.94), now at $133.00, off from $134.62 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 Settle. 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. Clicking on the following link will give you the story News.
The stock climbed too high for entry. 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.
Hold here! Up strong recently but too high for entry here !
A Big Winner for the Spotlight
UP STRONG FOR SEVERAL WEEKS
TTEK has approximately 10,000 employees worldwide. The stock has moved from $71 on 6/17 to over $88 today, approximately 3 weeks. 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 current price is too high for entry considering the trailing PE is 36.76. A long weak market could take the stock down under $90.
Hold here with best entry anytime under $90! OK to lighten up here!
Money can be made on quick moves
Up from $2 on 2/5/21 to over $4.35
All in 2 weeks
Know Labs, Inc. (OTCQB:KNWN) a provider of identification, authentication and diagnostic solutions, announced today that on May 24, 2018, the Financial Industry Regulatory Authority (“FINRA”) approved the effectiveness of a change in the Company’s name from “Visualant, Incorporated” to “Know Labs, Inc.” and a change in the Company’s ticker symbol from “VSUL” to the new trading symbol “KNWN,”
Know Labs, Inc. designs scanning devices made with electronic, optical, and software parts to produce and capture the light in the United States. Know Labs is involved in all types of ID products, even the badge many workers wear to get into work.
The recent (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 $0.20. A new offering had just been completed again, and again under the cost for most shareholders, but it appears the company may have learned its lesson.
Continue to hold here with entry-level to be determined. We can make money with entry on anything near $1.70.
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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