"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, May 29, 2022
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, shows 0 indices reaching a new high since 4.21.22, with the last new high on the Nasdaq on 11.22.21. Also, the Russell 2000 (RUT & SPREAD, both broad markets that lean to the big OTC stocks reached a new all-time on 11/8/21, but not since.
The markets closed higher this past week, but off for the month so far, which we can blame on negative economic news concerning the supply chain, rolling inflation, increasing illegal immigration and the war in Ukraine. I find it hard to believe that Biden's World War III hasn't caused more damage than it has.
Biden is trying very hard to start a World War, and the problem is the democrats will do nothing to stop him.This is giving me reason to worry about the current market and how far down it could go. Wherever it goes I do not believe we have seen the bottom yet, and may not for awhile yet.
Inflation is running away, reaching levels not seen in 40 years, with high gas prices and higher prices on everything, and appears to be just starting. The markets are showing weakness and I believe that this weakness will continue as the problems economically and otherwise in the US continue to mount.
This is the main reason to visit this page weekly.
I introduce new picks on this page first.
Speaking of new/old picks if you bought Know Labs, Inc. (OTCQB:KNWN) several weeks ago (recommendation below) you would have moved up almost 500%. From $2.03 a share to over $7.50 before backing off.
Learn more about Know Labs, Inc. below
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) and others that "hopefully" have fallen back enough to put them in a buy area. The problem in the near-term that I see, is how far down the markets will fall. As always, the further the markets fall the more sellers they scare into selling and fewer investors looking to buy.
Also, in my opinion, this is an excellent time to lighten up on some of the big ones while searching for a low-priced stock with lots of news, along with the products and the appearance of a strong future. Finding a nice low-priced stock is not that easy but they're out there and big money can be made on them. A good example would be on our below list, KNWN. This is a company that appears to have a great future.
The price of gold had been bouncing recently which can be blamed on Biden's World War III, but still having trouble holding new ground. Gold closed at $1857.30 , to the ounce, this past week. Gold hasn't traded over $2000 since August 2020, but managed to close up $72.40 since the beginning of February, but it has closed down -39.60 in May. 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 rally 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 0 new highs this past week.
The Dow Jones 30 industrials (see chart below) seems to be searching for near-term low, meaning all 30 stocks, with only a couple of exceptions, seem to be showing weakness. Recent buying brought it up to over -10% but it fell hard over the last 8 weeks closing last week at a new 52-week low of -22.66%.
In 2010, when the discount to the 52-week high for all 30 stocks was at -4.19% but 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 that the markets could still have quite a drop ahead of us if the DOW 30 even attempts to get near the all-time low. A cautious sign.
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 are starting to see signs of trouble when looking at how long the chart below has been falling. The question now is how low will it go? If I am correct we could be in for rough times the for the rest of this year.
See more information on the DOW 30 stocks by clicking here
Looking at the chart above we can see a downtrend early in 2021. The discount to the 52-week high was more than -22%. After climbing the discount moved to near -4% before starting a down hill trend hitting a low of -18.80% 6 weeks ago but managing to climb back up a bit before falling again, closing at -22.66% 2 weeks ago (a record low for the year). Remember this is the average of all 30 Dow Industrial stocks.
The DOW 30 reached a record new high 16 weeks ago at 36,799.65 (1/4/22). The Dow 30 finished 2021 up +5700.83(+18.61%) The chart above shows how the DOW30 has been falling since March 2021..
Another stock I like his Walmart (WMT) $128.48 last week, off from $119.2 the week before, 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.
Wishing you the best for the rest of the year! JR
NICE MOVE !!!
Recommended Low BUY was $1.75
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.
AMD could end up cornering 10% of the server CPU market by the end of this 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.
Revenues came in at 13.43B with revenue growing by 48.80% billion, while gross margins were marked at 46%, but 1 basis point higher from Q4 thanks partly because of “a larger mix of Ryzen and EPYC processor sales.”
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 until recently as the stock started falling back and seems to be still falling. 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 38.37.
This stock tends to follow the market and is close to 1/2 the 52 week high. Because of the big drop AMD could be a very good buy at current levels. It's hard to tell with the stock might bottom but my best guesses is it is quite close to happening. Total cash is setting at 3.61B.
and back down under a $1 again
New 52-week low!
cbdMD, INC (YCBD) (52 week range 0.5560 - 3.47), now at $0.6820 off from $0.80 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 had 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. The problem is that earnings were in the minus column and after receiving 18 million from the new offering this should not happen.
The stock price recently set a new 52-week low at $0.63 on high-volume. High-volume at the bottom is not a good sign because as it runs up it will be hit with sellers coming out of the walls. Possibly playing this as a short term would be the better bet. Just don't forget when it runs up to get out before everybody else does. This stock could easily be a trading stock, but at this point in time not one to hold very long. In my opinion the best bet is to wait for lower ground yet.
Recent news tells us that the Pres. and CO-CEO just stepped down. Judging by the way the stock has been falling this has to be nothing short of great news. Now if the CEO would step down we may get all the people out of the way that are keeping the stock from climbing.
Best entry when under $.60
"A Dow Jones Industrial Average Stock"
Cisco Systems recently reached a new 52-week low
The networking giant reported earnings and revenue better than Wall Street’s revised expectations for the quarter. Cisco’s revenue of $12.9 billion was up a billion-dollars from the year-ago period, but slightly better than consensus estimates of $11.9 billion, and adjusted profits of 2.50 cents as expected.
The stock has just reached a new 52-week low and possibly a great entry-level. The trailing PE is 16.01.
The current price could be considered a buying opportunity, even in a decent market correction. However I do like the longer-term growth. Entry would be best while under $45, with the $62 target.
A "Featured" "Spotlight Stock"
Moves up in down markets
Comtech has been receiving multi million dollar contracts all over the place. One 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, 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", we could still see a move to under $12.
A "Giant Winner" "Spotlight Stock"
(But not anymore)
(the stock moves like a snail)
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. The trailing PE is 10.51.
As far as the trading range goes, the stock had a high of $33.15 in in October/17. Currently trading at $15.75. Entry in this area could bring an easy 8 dollar profit, but with stupid Biden ruining everything it's getting harder to predict how far stocks might fall.
Intel Corporation( INTC ) (52 week range 40.31 - 58.42 ), now at $44.55 up from $41.65 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 then anyone can guess the bottom, but all that will be his guest.
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 7.40 leaving room to climb.
If wanting in, watch close with entry best when under $42 !
"From $56 to $167 Just In Just A Few Weeks"
Qualcomm (QCOM) (52 week range 122.17 - 193.58), now at $139.76, up from $131.60 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.
QCOM is setting on $12.91 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 only 14.32.
The stock following quite far from the 52-week high of $193 but still seems to be on the slight downturn. 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.
Continue to hold 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 trailing PE of 28.76.
Buy here with best entry anytime under $125!
Money can be made on quick moves if in at the right price
Up from $2 on 2/5/21 to over $4.35
All in 2 weeks
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 and it keeps setting a new support levels a bit higher than the previous one.
Entry OK here!
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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