π Wall Street Radar: Stocks to Watch Next Week
π Volume 2: Diving into the Market Movers
Hello, market aficionados! Ready to tackle the week ahead with a blend of high-octane opportunities and reliable plays? We've compiled a watchlist thatβs as diverse as your morning coffee lineupβfrom the espresso shots of high-risk stocks to the smooth decaf of low-risk picks. Letβs get into it!
π₯ High-Stakes Hustlers
These stocks are not for the faint-hearted. If you like your investments with a side of adrenaline, these picks might just be your ticket to excitement.
HRTG (Heritage Insurance Holdings)
What they do: Property & Casualty Insurance
Why watch? HRTG is shaping up nicely with a triangle pattern after stellar earnings. A breakout could spell a major move. π
CISS (C3is Inc.)
What they do: Industrial Equipment Manufacturing
Why watch? This is a pure technical play with a micro float. Watch for the retest of the descending triangle break. Itβs a small-cap firecracker! π₯
POET (POET Technologies)
What they do: Photonics & Optical Solutions
Why watch? After forming a perfect cup during July/August, POET is now crafting the handle. If it completes, this could be a classic cup-and-handle breakout. π
NNE (Nano Nuclear Energy)
What they do: Nuclear & Uranium Energy
Why watch? With nuclear and uranium themes heating up, NNE is retesting its June support. If it holds, this one could power up quickly. β‘
𧩠Balanced Builders
Looking for balance? These stocks offer a blend of risk and reward, perfect for those who like to keep one foot on the ground while reaching for the stars.
VRNA (Verona Pharma)
What they do: Respiratory Medicines
Why watch? Retesting its June 23 support, with a little flag forming. This oneβs setting up for a potential continuation. π©
VKTX (Viking Therapeutics)
What they do: Biopharmaceuticals
Why watch? After forming a cup last week, VKTX is now working on a small handle. If it completes, this could signal the next move up. π΅
PTLO (Portilloβs Inc.)
What they do: Fast-Casual Restaurants
Why watch? With a giant cup pattern from July, PTLO is flagging nicely. The restaurant sector is strong, especially with CAVA earnings in the mix. π
ALAB (Astera Labs)
What they do: Semiconductor Technology
Why watch? If NVDAβs earnings hit the mark on Wednesday, the semiconductor sector could heat up, making ALAB a prime sympathy play. π§
SMCI (Super Micro Computer)
What they do: High-Performance Computing
Why watch? Similar to ALAB, SMCI could see action if NVDAβs results are strong. Itβs another semiconductor player ready to ride the wave. π»
DXYZ (Destiny Tech100 ETF)
What they do: designed to be an exchange-listed portfolio of the Top 100 High-Growth Tech Companies
Why watch? Testing the $10 support with a flag forming. If the market trends up, DXYZ could follow with a big move. π
RYAM (Rayonier Advanced Materials)
What they do: Specialty Chemicals & Materials
Why watch? RYAM is consolidating near recent highs after strong earnings at the beginning of August. If momentum continues, it could break out. π
β Steady Sailors
These picks are for the cautious investor who prefers consistency over thrills. Think of them as the anchor stocks in your portfolioβsteady, reliable, and built to last.
ANF (Abercrombie & Fitch)
What they do: Retail Apparel & Accessories
Why watch? Resting near its last big support at $170. ANF might not make headlines, but itβs a solid name in the retail space. π
GPN (Global Payments Inc.)
What they do: Payment Technology & Services
Why watch? Hovering near the May resistance level of $110-113. GPN offers a steady play in the fintech space. π³
ULTA (Ulta Beauty)
What they do: Beauty Retail
Why watch? Basing over $373 support, and with Buffett disclosing a stake in the company, ULTAβs looking like a strong bet. π
Catch you next weekβUntil next time, may your trades be sharp, your gains steady, and your portfolio ever in the green!