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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, September 6, 2020
 


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, September 4, 2020



Discount to the 52 week high on the major indices

The markets, in my opinion,  are still quite bullish simply because of new all-time highs on the Dow Jones industrial, the S&P 500, the S&P 100 and the NASDAQ. These four indices cover a wide range of the largest stocks trading on the market and setting new all time highs is telling us investors are still believing in the future.

I'm still quite bullish as across the country businesses and factories are starting to reopen. Since it is almost impossible for our businesses to stay closed it would make sense that no matter what the Democrats say businesses are going to continue to open back up. It's called survival!

Sorry! I have been in this business for 40 years I have never seen so many negative views of the greatest economy in the world. It makes it hard for me to choose because in a couple of months I'm not sure what kind of a world we will be living in. We can either be destroyed by the Chinese virus, or by the stupid Democrats in Washington DC. If backed in a corner I would pick the virus offers the least danger.

The week finished with only 2 indices in correction territory, the Dow Jones 30 and the New York, which means one narrow market and one extremely large market, with both cater to the blue-chip markets.

The DOW 30 stocks that keeps setting new highs are Home Depot, Apple, Microsoft, Nike, Proctor & Gamble & Wal-Mart. These were the only 52-week highs out of the whole 30 over the last couple of weeks. 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.

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 many that still have room to climb. Also, there are no bad stocks on this page as every one of them have worked quite well.

The recent move from my newest stock, cbdMD (see below recommendation) moved from a low near 0.50 to over three dollars before backing off and closing at 2.38 today, approximately 3 months. 

This is the main reason to visit this page weekly.
I introduce new picks on this page first and you
heard about this stock here first.
I would continue to buy on positive economic news sticking with the recent movers as long as they have not moved too much already. A good example would be AMD as in mid-March it touched a little under $39 then moved to $85 this past week. Nice move, but too high to buy and not high enough yet to consider selling..

As far as markets go I feel we have already found the bottom and that was on 3/18/20 and I see little reason to go back down to test those levels, until the election.


If we want to get in the market today we want to look at the trusted in true stocks such as Apple Computer (4 for 1 split), Walmart, Intel Corp., AMD (new high) and others that hopefully have fallen back enough to put them in a buy area.

The price of gold had been bouncing higher recently moving over the $2000 per ounce level, but up and down over the last 4 weeks. I still don't feel metals are a safe place to be, especially after the big moves up in the last couple of years, although since the trend is higher holding might still be the better bet.

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 and a virus problem that promises to continue for some time to come we can't count on the recent trend of any individual stock, meaning research and homework is needed to find the winners.

My long-term pick, a stock that could be held for the next 20 years, would be Apple Inc., although the stock climbed over the $300 mark before dropping under $230 a share before moving back up over $499. 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 this past week makes the new price under $125 for a share.

My near-term pick, is a stock that hasn't been trading that long and was there the 52-week low but has been climbing daily. The name of the stock cbdMD. Inc., It trades on the NASDAQ and the symbol is YCBD. The current price is about a $2.38 and the 52 week low is $ 0.50, with the 52 week high just under six dollars. The company recently announced the completion of an $18 million secondary offering at one dollar. The stock is off the lows and climbing 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 high,. a hell of a move from here.


I'm betting that the OTC stocks will outperform the blue chips on the upside but once the virus is behind us the big OTC stocks will rule. I believe we were finally starting to see major benefits from corporate tax breaks and this should continue once things get back to more normal.

Dow 30 discount

Looking at the chart above we can see at the beginning of 2020 the current discount to the 52-week high was at -6.78%. 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  -14.69% on 6/8/20 but after selling off and settling at -14.72% where it is today. Remember this is the average of all 30 Dow Industrial stocks.

The DOW 30 is -405.15 (-1.42%) on the year and -1418.11 (-4.80%) from the 52 week high (correction territory).

Another stock I like his Walmart (WMT) $142.49, because it has become much 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 daily.

Wishing you the best! JR

NICE MOVE !!!he
Recommended Low BUY was $1.75
Over 4400%

Advanced Micro Devices (AMD) (52 week range 27.43 - 94.28), now at $ 82.01, off from $85.55 off last week. Big jump on the week, due to expected strong earnings on Tuesday.

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 gameplay 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. 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 forward PE of 47.69.

This stock tends to follow the market and is currently too high to buy.

Too high to buy, hold here with best entry to be discovered!



"Our Newest "Spotlight Favorite"
"Up from under $1 to over $3 in 3 months"
Higher ground still ahead

BUY THIS STOCK NOW

cbdMD, INC (YCBD) (52 week range 0.5020 - 5.19), now at $2.38, off from $2.71 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 and the stock has been climbing and holding, or adding new ground, during the virus attack on the markets. The company just 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. YCBD
has a trailing PE of 3.10.

I like this one a lot and the future promised much.

Best now and again on any pullback!
 

"Consider short term buying under $35"
"A Dow Jones Industrial Average Stock"

 
Cisco Systems ( CSCO ) (52 week range 32.40 - 50.30), now at $40.82, off from $42.20 last week. Recent new 52-week high. This Dow Jones Industrial Average stock (replaced GM).

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.

 T
he 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 15.15.

The  current price needs is a bit too high for entry The downside should be limited even in a decent correction.
However I do like the longer-term growth. Entry would be best if under $40.
 
Best entry under $41.
 

*****
A "Featured" "Spotlight Stock"

Moves up in down markets
This stock could double from here

Comtech Telecommunications ( CMTL ) (52 week range 11.48 - 38.00), now at $15.85, off from 17.00, 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.

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 came out with quarterly earnings of $0.14 per share, beating the Zack's Consensus Estimate of $0.13 per share. This compares to earnings of $0.40 per share a year ago.

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 trailing PE is 31.66.

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 $30 again is very possible.


Entry here with best under $15 !


"HOLD HERE"
A "Giant Winner" "Spotlight Stock"
 
Fonar Corp. ( FONR ) (52 week range 11.00 - 26.49), now at $25.38, off from $25.95 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 some waiting maybe even better have, at least till this falling 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 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 14.75.

As far as the trading range goe
s, 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. Will we see it again?

If wanting in wait for a pullback near $21 !


"BUY HERE"
A "Low PE"
Buy On Weakness!

Intel Corporation
(
INTC ) (52 week range 43.63 - 69.29 ), now at $50.08 off from $50.43 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 10.38 leaving room to climb.

 
If wanting in, watch close here with entry OK here or lower !



"From $56 to $105 Just In Just A Few Weeks"
 
UP STRONG FOR SEVERAL WEEKS

Qualcomm (QCOM) (52 week range 58.00 - 123.93), now at $115.97, off from $118.20 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.
 
QCOM is setting on $9.95 billion in cash with a book value at $2.70 with cash per share at $8.84. A positive would be the forward PE of only 17.15.

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 !
 


- Nice Long-Term Stock -
A Big Winner for the Spotlight
 BIG DROP  SEVERAL WEEKS AGO !!!
UP STRONG FOR SEVERAL WEEKS

TetraTech (TTEK) ( 52 week range 63.61 - 99.34), now at $92.97 off from $93.13 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 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 forward PE is 2.35. A continued weak market could take the stock down under $60.

Hold here with best entry anytime under $73 !


***
"HOLD HERE"
Money can be made on quick moves

Know Labs (KNWN) formerly Visualant Inc. (VSUL) (52 Week Range - 0.81 - 3.45 ), now at $2.88, up from $3.12. This stock always makes strong move higher after falling anywhere near a dollar, but the big jump this past week is due to a new private offering for over $5 million. This is about the umpteenth time this company has completed and offering to wealthy investors, therefore buyer beware.

Know Labs, Inc. (f/k/a Visualant, Incorporated) (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 (cheated all shareholders that believed in this company) left only about 1.8 million shares trading as the stock fell from over $9 dollars to the under $0.20. A new offering has just been completed again and again under the cost of most shareholders. The company keeps getting cheap money from wealthy shareholders, meaning if you are on the outside be cautious.

We can still make money with entry on anything under $1.20.


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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