"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 21, 2023
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.
The markets, looking at the table above, show 0 indices reaching a new high since 2.2.23 (DJT - SPREAD), with the last new high on the Nasdaq on 8.16.22. Also, the SPREAD, a broad market that leans to the big OTC stocks.
Adding insult to injury, all of the indices are at a loss for the year, with none closing in bear market territory, vs 0 last week , although 4 indices are currently in correction territory for the year. Since I believe that markets can't go any where with out OTC indices, it is a positive to see the index move out of bear territory.
Inflation is running away, reaching levels not seen in 40 years, with high gas prices and higher prices on everything, and appears to continuing. Biden has been telling people inflation is easing, but most people it is just another Biden lie.
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:KNW) when I first issued a buy (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 might be better waiting. 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 over the last couple months), Intel (lowest performing DOW 30 stock for 2022 - 2023) and Qualcomm (potential big mover in 2023) that "hopefully" have fallen back enough to put them in a buy area.
The price of gold had been bouncing recently which can be blamed on Biden's World War III, but jumped 4 weeks ago closing at $2026.40 but eased back a little but still bouncing this past week closing at 1979.90, off -$35.70 vs off -$9.30 the week before. Gold finally closed over the $2000 mark for the first time since August 2020 (2.8 years ago). Gold closed off -$0.40 for 2022 but managed to close up +149.80 for 2023, so far. 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 1 new high last week (MRK), vs 2 new 52 week highs the week before. The problem is, when there is a new high, its the same stocks that keep setting new highs leaving the rest in the dust. IBM recently hit a new high, which is something that has not happen in quite awhile, but stopped setting new highs again.
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 on the upside and once the bear hibernates the big OTC stocks will rule. 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, but turned down 5 weeks ago and back up again. The chart below may teach us much over the next few weeks.
The recent rally 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 -20% gave in to the downside. Now we have to lookout for the -24% level.
The majority of the Dow stocks are still down a fair amount and with the election behind us it is very hard to figure out the coming months. I believe the bottom of the markets have not been touched yet with more downside to come.
IN MY OPINION MY MOST IMPORTANT CHART EVER !
See more information on the DOW 30 stocks by clicking here
Looking at the chart above we can see a downtrend (started late in 2021) continuing with few slight rallies turning down again with a strong up tick 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 big jump back up where it seems to be caught in a range with the current discount at -21.86%.
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 -20% gave in to the downside.
Another stock I like his Walmart (WMT) $149.91 last week, off from $153.07 the week before, 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. I heard recently it may close some stores due to increasing theft.
Wishing you the best for 2023! JR
NICE MOVE !!!
Recommended Low BUY was $1.75
Recent buy was under $60
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.
1 for 45 reverse just slaughtered the shareholders
cbdMD, INC (YCBD) (52 week range 3.27 - 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.This is a slaughter and there will be very little let-up for awhile. It may be a long time for shareholders to break even with a high over $40.
Now at $2.05, off from $40.05 (2.18 last week. If you had 100 shares before the reverse you now have 2.2 shares.
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!
"A Dow Jones Industrial Average Stock"
Cisco Systems bounced off the new 52-week low quite well
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. The trailing PE is 18.00.
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 when under $42, with the $62 target.
A "Featured" "Spotlight Stock"
Moves up in down markets
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", the move back to under $12might be interesting but the slight downtrend the stock is on may continue.
A "Giant Winner" "Spotlight Stock"
(But not anymore)
(the stock moves like a snail, but safe at current prices)
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 13.60.
As far as the trading range goes, the stock had a high of $33.15 in in October/17. Currently trading at $18 +. 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 is finding it hard to move lower and stay there.
Intel Corporation( INTC ) (52 week range 24.59 - 44.93), now at $29.93 up from $28.95 which is 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 under $30 !
"A Very Active Stock"
"If Bullish - Buy Here"
Qualcomm (QCOM) (52 week range 101.93 - 156.66), now at $105.86, up from $103.62 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 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 11.29.
The stock falling quite far from the 52-week high of $156 but still seems to be attempting to climb. 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 $110!
A Big Winner for the Spotlight
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 25.72
Hold here with best entry anytime under $130!
Money can be made on quick moves if in at the right price
Now trading on the American exchange
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. I believe this is a giant mistake as the American is the least active exchange on the planet. Moving to the AMAX means giving up market makers and they have been given that name because making a market is what they do. Expect a drop in average volume.
Although, the extra 3 million may need to be spent on promoting the company, otherwise nobody will know they exist. Watch close! I believe the offering could move the stock over $4.
Entry OK when under $0.90!
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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