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Nvidia's Surge Sparks Optimism: What It Means for Your Stock Picks This Week

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Recent Headlines

Nvidia Helps Pull US Indexes Higher (4 minute read)
Nvidia's 4.9% increase significantly boosted U.S. stock indexes on Tuesday, helping the S&P 500 and Nasdaq recover from early losses amid concerns over the Russia-Ukraine war, while the Dow Jones slipped slightly. The anticipation surrounding Nvidia's upcoming profit report underscores the strong interest in artificial intelligence, contrasting with declines in European markets due to geopolitical tensions.


Wall Street drifts in mixed trading as Walmart's profit impresses (4 minute read)
U.S. stocks experienced mixed trading on Tuesday, with the S&P 500 remaining nearly unchanged after recovering from an early drop, while the Dow fell and the Nasdaq gained slightly. Investor caution was heightened by escalating tensions in the Russia-Ukraine conflict, leading to increased demand for U.S. Treasury bonds and gold, despite positive earnings reports from major retailers like Walmart and Lowe's.


Retail Titan Roars: Walmart Lifts Full-Year Outlook (2 minute read)
Walmart Inc. reported strong fiscal third-quarter results, with sales of $169.59 billion and adjusted earnings per share of $0.58, surpassing expectations and driving a 4% increase in stock prices. The company experienced significant growth across various sectors, including a 22% rise in e-commerce sales, and has revised its fiscal year 2025 guidance upward, indicating optimism for continued momentum into the holiday season.




Technical Analysis Results



Undervalued
ABBV
ABBVIE INC.
Volume: 5.1M shares | Price: $166.57

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of ABBV

ALDX Up as FDA Accepts Resubmitted NDA for Eye Drug Reproxalap
The FDA accepts Aldeyra's resubmitted NDA for topical ocular reproxalap to treat the signs and symptoms of dry eye disease. Stock rises.

Where Will AbbVie Be in 5 Years?
Most pharmaceutical businesses are slow-moving by nature due to the lengthy amount of time it takes to develop a new medicine, and AbbVie (NYSE: ABBV) is no exception.In the next five years, expect AbbVie to continue to compete in the disease areas that its pipeline and product mix are currently heavily focused around: immunology, neuroscience, and oncology.It'll also likely continue to compete at a much smaller scale in aesthetics, eye medicines, and a grouping of other areas like infectious disease, but these efforts are ancillary at most.




Undervalued
REGN
Regeneron Pharmaceuticals Inc
Volume: 954.5K shares | Price: $744.60

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of REGN

Regeneron Pharmaceuticals, Inc. (REGN): Among the Best Genomics Stocks to Buy Right Now
We recently compiled a list of the 10 Best Genomics Stocks To Buy Right Now. In this article, we are going to take a look at where Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) stands against the other genomics stocks. Genomics is the study of genes and how they function. Many rapidly growing companies are emerging in the genomics […]

Here’s Why Regeneron Pharmaceuticals (REGN) Declined in Q3
Bronte Capital, an investment management company, released its “Amalthea Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund was down 3.72% for the quarter vs. +2.54% for the MSCI ACWI (in $A). It was down 5.59% in September vs. -0.35% for the index. The market rose in the […]




Undervalued
DOW
Dow Inc.
Volume: 6.1M shares | Price: $43.65

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of DOW

DOW Strengthens Footwear Portfolio With Low-Carbon Material
Dow's reversible cross-linking resins provide a unique approach to creating recyclable footwear materials.

DOW Partners Delian to Develop Sustainable Solutions in Automotive
DOW is developing new solutions for a circular economy and expanding the REVOLOOP Recycled Plastics Resins line to satisfy customers' sustainability goals.




Undervalued
LINE
Lineage, Inc. Common Stock
Volume: 1.0M shares | Price: $63.49

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of LINE

Decoding Lineage Inc (LINE): A Strategic SWOT Insight
Unraveling the Financial Fabric and Strategic Directions of Lineage Inc

Lineage, Inc. Reports Third-Quarter 2024 Financial Results
NOVI, Mich., November 06, 2024--Lineage, Inc. (NASDAQ: LINE) (the "Company"), the world’s largest global temperature-controlled warehouse REIT, today announced its financial results for the third quarter of 2024.




Undervalued
AVY
Avery Dennison Corp.
Volume: 545.7K shares | Price: $197.00

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Hold
CCI
Buy
BBANDS
Buy
ULTOSC
Buy
STOCH
Buy

Recent Mentions of AVY

Why Avery Dennison Corporation (NYSE:AVY) Looks Like A Quality Company
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

Energous' Q3 Loss Narrows Year Over Year, Revenues Increase
WATT's third-quarter 2024 revenues increase 36.1% year over year, driven by higher commercial Power Bridge transmitter system shipments.




Undervalued
ASO
Academy Sports and Outdoors, Inc.
Volume: 2.4M shares | Price: $46.03

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Hold
CCI
Buy
BBANDS
Buy
ULTOSC
Buy
STOCH
Buy

Recent Mentions of ASO

Is Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Trading At A 34% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Academy Sports and Outdoors fair value estimate is US$70.98...

Q2 Earnings Outperformers: Sportsman's Warehouse (NASDAQ:SPWH) And The Rest Of The Specialty Retail Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Sportsman's Warehouse (NASDAQ:SPWH) and its peers.




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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

Disclaimers

The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.

Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.

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