Wednesday 24 June 2015

stocks recommendations;

linkedin at $217 with a price target of $260 in 3 to 4 weeks.

twitter at $35 with a price target of $50 in two months and $70 in six months. however keep a stop loss of $3 if earnings report comes bad. Even if twitter goes to the 20s price range, it still has a positive long term story.

amazon at $350 poised to reach $400 before  profit takin. look out for signs of weakenung in this strong bullish run, that will be the beggining of an Amazon stock pullback. this is a stock trading on emotions and expectations. Every time investors loss patience on the stock, new money finds finds its way back in.

watch tesla stock price at $265 and see if it will break to an all time high above $286. if it does not, the price is set for a pull back torward $250.

buy apple at $129 for a target of $136 in one or two weeks. the stock is picking up its loses as it climbs higher to the top of its three months  trading range.

the Dow Jones is at the top of its three months trading range of 17 800 and 18 200, any break to the upside would be positive for the coming few weeks as we enter earnings season. usually the markert tends to trade higher as the quartely earnings season approaches. The Greek crises seems solved, at least for now, the dollar is not too strong. Which means it is not hurting coporate profits that much and the Fed is dovish for now. All this is positive for the Dow Jones trading higher in the coming weeks.

Adding to that is the Nasdaq at an all time high, which means the Dow and the S&P will follow suit.


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