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ICP FINALLY BOTTOMEDWith the current state of ICP being increasingly bearish over the past 3 years. I feel like we have officially reached the bottom for the bears. ICP has unlocked 89.5% of the total supply. Their is only 54.49 million ICP left to be unlocked. If ICP were to remain at $7.27 the market cap would be $3.78b which is roughly a $365m increase in market cap, which tells me price cannot fall much further than it already has. With that being said, I've marked fib levels from the highest high to the lowest low on the weekly, to figure out where ICP can go over the next 3 years in a bull market. If we're bottomed here & can form a higher high at the .286, that would provide a 6000% gain at current price . I thoroughly believe in ICP as it is renowned in the WEB3 world & has so much potential to regain its position within the top 5. Many of you will think this post is delusional, however if theres any blockchain that can back a huge gain, ICP is definitely in the top 3. Peace & Prosperity As Always - Kaia Tait.
Long
by kaiatait
2
The First Trillion Dollar Healthcare Company - Eli LillyI recently wrote about Eli Lilly and why it has caught my attention, what it may mean for markets, but more specifically the most expensive and elaborate industry on Earth, that none of us can understand... HEALTHCARE. Insurance is wildly expensive. Many people are focused on health. Scientists around the planet are trying to solve health. And now, Eli Lilly, is on the very of becoming the first trillion dollar company in healthcare. Eli Lilly is nearing $900 billion market cap and is on pace to become the first trillion dollar healthcare company. I have long followed healthcare stocks because I do believe they bring a lot of insight into health, innovation, and the natural sciences. After all, they are tasked with curing challenging diseases, sicknesses, and other aspects to help humans. Most recently, a certain stock has caught my attention. I find this to be a noteworthy development for the industry, especially while stocks like Pfizer and others, such as NASDAQ:MRNA are dropping. NYSE:PFE Place your bets accordingly. This move and alert has been added to my watchlist.
NYSE:LLY
by scheplick
Shopify (SHOP:NYSE) receives support from Goldman SachsJuly 2024: Shopify's shares took a heavy hit in May after a moderate Q1 earnings report which might have beaten investor consensi, EPS by $0.04 & revenue by $20 mio, yet this was not enough to prevent a large selloff. The share price is currently recovering and is now trading 4,5% higher than it did 12 months ago. This is partly thanks to the analyst from Goldman Sachs, who kept the share rating at "buy" signalling that Goldman Sachs believes Shopify can further accelerate its growth. In general Shopify's rating remains a moderate buy, with analysts giving it a price target of $76.42, a 15.5% upside. Shopify has been able to increase its market share in e-commerce software platforms and technologies over the last 18 months, now sitting at around 10%, so its large investments in marketing are therefore paying off and bringing in lucrative orders. Shopify is also investing in artificial intelligence (AI) which gives the company a competitive advantage given the large data pool it has access to, and already uses the technology having launched the Shopify Magic suite last year. The technicals are painting a somewhat mitigated picture, with the RSI sitting in neutral territory around 54 in the daily chart. The stock's price sits above the 50 day MA, and wasn't able to break through the 100 day MA which is flattening out around the 69 mark, which had proved to be a relevant support zone before the drop. The on balance volume is telling us a similar story, namely that buying and selling pressures have balanced out in the last months and that traders are probably lacking a bit of conviction at the moment. We will most likely have to wait for the Q2 earnings report at the end of the month before seeing a significant move again.
SLong
by WHSelfInvest
Nike's Drop Will Offer a Great Dip... Soon!Nike's stock has dropped 30% this year and nearly 60% from its 2021 highs. It continues to drop, and now, I am worried that they will soon suspend their dividend to move cash flow into other areas that need to support the business. I believe Nike may reach a low close to its COVID-19 crash levels, presenting a buying opportunity for patient investors as I've marked on the chart with the red circle. As Warren Buffett once said, "Be fearful when others are greedy and greedy when others are fearful." I think that moment is coming with Nike. Here are two tips for buying dips: 1. It can always go lower than you think so it's better to wait for some signs of a reversal rather than perfectly catching the bottom. 2. Set alerts so that you're ready and can get alerted with the time comes. Now, why has Nike fallen like this? Several factors contribute to this decline: 1. Margin Pressures: Rising raw material and labor costs have strained Nike's profitability, causing investor concerns. 2. Product Control Issues: Expanding its product range has led to inconsistent quality and inventory management problems. 3. Excessive Product Range: The overwhelming number of products has confused customers and diluted the brand. 4. Increased Competition: New, agile brands are capturing market share, challenging Nike's dominance. This one is on my watchlist! Let's see what happens next. I'll update you all rather soon.
NYSE:NKE
by scheplick
26
Can Tesla Get Back to Even? What I'm WatchingI still can't believe that, back in April, Tesla was down 43% since the start of the year. It's been ages since we've seen a drop like that for Tesla. I circled that point on the chart with a red circle. Also, the yellow and orange lines are the 50 and 100 day moving averages, about to cross and seem to be turning upward. Fast forward to now, and Tesla has bounced back, down just 6% since the year's start. If Tesla goes green on the year... watch out. There are a number of reasons why Tesla might be turning the corner, and that especially seems to be its recent delivery numbers. But, before we go there, what really caught my eye is how quickly companies like NVIDIA have recently outpaced Tesla over the last 6+ months. I just can't remember such a hot stock becoming "left behind" in such a short period of time. Both TSM and Broadcom also passed Tesla rather quickly - also semiconductor stocks. Now, why did Tesla pop recently? As many of you know, Tesla reported 443,956 deliveries in Q2, slightly above Wall Street's expectations of around 439,000 units. There's nothing quite like beating Wall Street and proving them wrong. But let's not forget that Wall Street can spin the numbers to fit their narrative. This delivery figure is still a 4.8% decrease from the same quarter last year, hinting at Tesla's resilience. However, personally, I'm more intrigued by Tesla's product mix and the new projects they're working on. That's where the real story is. And I think this comeback is just the start of that.
NASDAQ:TSLA
by scheplick
Traditional Gold traders could be making a huge mistake1000.00 usd forcast is easy to spot in the gold market before 2025. The ever growing trend moving into the crypto currency market and blockchain technology is more favorable "profitable". Larger capital gains and entertainment in the crypto industry is becoming more favorable in todays economy. Change is happening gradually because the economy is still facing serious issues with stability. There will be winners and losers in the future markets. 40% will fail with traditional trading and 40% will win big returns with the crypto industry. 20% of the world population will most likely stay away from investing all together because they already have all the wealth they need. This is my observation with gold and silver 50% loss for most investors 2022 - 2025 Most of the money leaving the gold market will transition into crypto currency next few years. More gains, more rewards, more return...
TVC:GOLDShort
by UnknownUnicorn35774657
1
Magnetic Fields (Part 2)At the architecture faculty, I was taught that if it looks ugly in a project, then it won’t work. So this is another clear example of how events can unfold in the future. Given the exponential trend, we can assume that without the current stop Bitcoin price would have already reached $150k. But since this hasn't happened yet, the start of the swift rise period is clearly moving to the second half of 2025. Looking at this optimistic scenario, we can see that the resistance and support exponents each have their own magnetism and the price always made sharp falls after reaching the highs and a smooth rise untill excitement begins. So this time, it is quite likely, and ideally necessary, for the price to fall below the (orange) median expected in this case. I understand that the trends of the desired and the actual may differ and therefore I try to be objective. However, one way or another, the clarity of the picture speaks for itself. A related idea (part 1) has a less optimistic outlook.
BITSTAMP:BTCUSDShort
by tradephenomena
IndiaMART InterMESH Limited: A Fortune-Friendly Investment OpporI am excited to share my analysis of IndiaMART InterMESH Limited's (BSE: 542726, NSE: INDIAMART). The company's business model, financial performance, and future prospects make it an attractive investment opportunity. Business Model: IndiaMART InterMESH Limited is a leading e-commerce company in India, operating a business-to-business (B2B) e-commerce platform that connects buyers and suppliers. The company's platform enables businesses to source products and services from a vast network of suppliers, thereby reducing costs and increasing efficiency. Financial Performance: The company's financial performance for FY 2023-24 is impressive, with a revenue growth of 15.6% year-on-year (YoY) and a net profit growth of 21.4% YoY. The company's revenue from operations has increased from ₹1,434.4 crore in FY 2022-23 to ₹1,655.6 crore in FY 2023-24, driven by the growth in its B2B e-commerce platform. Ratios to Consider: Return on Equity (ROE): 23.4% (FY 2023-24) Return on Assets (ROA): 14.5% (FY 2023-24) Price-to-Earnings (P/E) Ratio: 35.6 (FY 2023-24) Dividend Yield: 1.2% (FY 2023-24) These ratios indicate that IndiaMART InterMESH Limited is a profitable company with a strong financial position. The ROE and ROA ratios suggest that the company is generating significant returns from its equity and assets, respectively. The PEG ratio indicates that the company's stock is trading at a premium, reflecting its growth potential. The dividend yield is relatively low, indicating that the company is retaining its earnings to invest in future growth. Technical Analysis: Support, Resistance, and Predicting Prices Technical analysis is a method used by many traders to analyze price charts and identify potential trading opportunities. It involves studying historical price movements, trading volume, and various technical indicators to make predictions about future price movements. Support and Resistance Lines Support and resistance lines are two of the most basic and widely used technical indicators. A support line is a horizontal line drawn at a highly moved mid price level where the price has bounced back up from several times in the past. This suggests that there may be buying pressure at this level, as investors see it as an attractive price to buy the asset. A resistance line is a horizontal line drawn at a highly moved mid price level where the price has been rejected several times in the past. This suggests that there may be selling pressure at this level, as investors see it as a good price to sell the asset. Linear Regression Linear regression is a statistical technique that can be used to fit a straight line to a set of data points. In technical analysis, linear regression can be used to identify the trend of a price chart and to predict future prices. The slope of the regression line indicates the direction of the trend. A positive slope suggests an uptrend, while a negative slope suggests a downtrend. Using Support, Resistance, and Linear Regression Together Traders can use support, resistance, and linear regression together to develop a trading strategy. For example, a trader might look for opportunities to buy an asset when the price is near a support line and the linear regression line is sloping upwards. Conversely, a trader might look for opportunities to sell an asset when the price is near a resistance line and the linear regression line is sloping downwards. Other Criteria: Management Team: The company has a strong management team with a proven track record of driving growth and profitability. Industry Trends: The B2B e-commerce industry in India is growing rapidly, driven by the increasing adoption of digital technologies and the need for businesses to optimize their supply chain operations. Competitive Advantage: IndiaMART InterMESH Limited has a strong competitive advantage due to its large network of suppliers, robust technology platform, and extensive market reach. Valuation: The company's stock is trading at a reasonable valuation, considering its growth potential and financial performance. Conclusion: IndiaMART InterMESH Limited is a fortune-friendly investment opportunity that offers a unique combination of growth, profitability, and dividend yield. The company's strong financial performance, robust business model, and competitive advantage make it an attractive investment opportunity for long-term investors. I recommend that investors consider IndiaMART InterMESH Limited for their portfolio, especially those looking for exposure to the growing B2B e-commerce industry in India.
NSE:INDIAMARTLong
by stocktechbot
Why Nvidia’s Monster $3T Valuation Poses a Threat to S&P 500Too fast Nvidia climbed the ladder of success and now the broad-based S&P 500 is at risk of getting sucked into a crisis if the chip giant were to trigger it. Nvidia Value Takes Up 7% of S&P 500 Is Nvidia (ticker: NVDA ), the massive chip company, too big to fail? Shares of the juggernaut in the AI space have soared more than 160% this year and they show no signs of slowing down. That’s all great news for traders who enjoy the daily volatility and love watching billions of dollars slosh around as markets try to figure out Nvidia’s worth. What markets have agreed on so far is that Nvidia is worth more than $3.2 trillion. The lofty price tag, however, comes with certain dangers. One such danger is that Nvidia makes up about 7% of the S&P 500. The broad-based Wall Street darling, packaged with 500 public companies , is valued at $46 trillion. The danger isn’t too obvious now for obvious reasons. Nvidia is yet to give back (if it ever does, right?) some of its formidable gains. But there are signs already. Last Friday, this ratio of 93:7 tipped the S&P 500 into a loss just because the hulking size of Nvidia was too much weight on the stock index. And because the markets aren’t allowing any breathing room and shares are always on fire, we can’t know the impact a crash in Nvidia could have on the S&P 500. But since the pendulum swings both ways, it pays to be prepared. The Big Three’s Massive Weight The tech-focused concentration of the S&P 500 doesn’t end with Nvidia. The two other companies that are also worth over $3 trillion each have the same weight on the equity benchmark. Add Apple (ticker: AAPL ) and Microsoft (ticker: MSFT ) next to the AI chip maker and you’ve got a nice 21% chunk of the S&P 500 concentrated in three companies. In other words, that’s more than $10 trillion of valuation in total and it dominates the large-cap rankings . What’s the common ground between all three? AI, more or less, with Apple playing catch up pretty fast. “Why not pick on Apple then, if it’s the same market value?” Apple brings home more than $380 billion in revenue a year while Nvidia can only do $60 billion . Moreover, the iPhone maker has 2.5 times Nvidia’s trailing 12-month free cash flow. Doomsday Scenario A possible doomsday scenario in the artificial intelligence corner, every permabear will tell you, can trigger a rude awakening for investors and strip those giants off their record high valuations. They actually had a moment of victory, although a brief one. In April, Nvidia endured its biggest drop since its recognition as the purest AI play out there. Shares erased more than 10% in the span of a few days. But before permabears had a chance to sip at their mezcal espresso martini and call it a day, Nvidia had bolted past the losses and into fresh record territory. These days, it’s largely the same few stocks pumping and driving the gains across the indexes. That doesn’t sound like much of a diversification — the narrative pushed by passive investors who choose to shove some money into an index and do nothing. If the S&P 500 served as a diversification vehicle in the past, it certainly doesn’t look like it today. Your Thoughts? Will we see the AI bubble burst like the dot-com bubble of the 2000s? Or will Nvidia continue lifting the sea of stocks? Leave your thoughts below.
NASDAQ:NVDA
by TradingView
3
Stock of the Week: Poddar Pigments with Robust Financial HealthStock of the Week: Poddar Pigments ( NSE:PODDARMENT PODR) Fundamental Analysis : Poddar Pigments showcases a robust financial profile, making it an attractive pick for this week. The company holds more cash than debt on its balance sheet, indicating strong liquidity. Its liquid assets exceed any obligations, providing a solid financial cushion. Additionally, NSE:PODDARMENT Poddar Pigments has reported consistent profits over the last six quarters, highlighting its stable and reliable performance. Technical Analysis : From a technical perspective, NSE:PODDARMENT Poddar Pigments is trading above all major moving averages, signalling a bullish trend. The stock has achieved a significant 52-week breakout and is also breaking out of a box formed by the last 12 months’ consolidation zone. This breakout is supported by good volume strikes, indicating strong market interest. Moreover, Poddar Pigments demonstrates relatively higher strength than the Nifty index, with the RSI crossing above 60, further affirming its upward momentum. Entry - CMP Stop loss - 396.55 Potential upside - 643
NSE:PODDARMENTLong
by hrishikeshrahalkar