Tag: Bullish

Snowflake draws bullish calls from Wall Street, though some analysts say stock is fully valued

  • At least 19 investment banks initiated coverage of Snowflake on Monday, with price targets ranging from $214 to $350.
  • The stock rose 2.5% to close at $243.97.
  • Analysts agree that Amazon, Microsoft and Google are Snowflake’s top competitors, but they have differing views on how much of a threat those companies pose.



Frank Slootman wearing a suit and tie: Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.


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Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.

Less than a month after Snowflake debuted on the stock market with the biggest software IPO in history, Wall Street analysts are rushing to make predictions on the cloud database company, which is already valued at over $67 billion.

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At least 19 analysts initiated coverage of Snowflake on Monday following the post-IPO quiet period, according to reports collected by CNBC.

Among the nine buy ratings, the most bullish prediction came from Truist, which gave Snowflake a price target of $350, or 47%

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Cramer sees bullish market trends no matter who wins, Trump or Biden

CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome.

“I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough trends out there, established by Covid, that just say, ‘Get long. And the No. 1, of course, is the internet just plowing through.”

Cramer’s comments came as stock futures were higher Monday, led by those for the tech-heavy Nasdaq. Stocks later opened higher, with the Dow Jones Industrial Average gaining more than 100 points. The major benchmarks all posted strong gains last week as Wall Street monitored the dizzying back-and-forth in Washington over negotiations on additional coronavirus relief.

Investors are also watching the race between President Donald Trump and Democratic nominee Joe Biden, about three

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The S&P 500 could surge 7% based on this bullish technical analysis pattern, BofA says

Traders work on the floor of the NYSE in New York
  • A bullish technical analysis pattern suggests that the S&P 500 could jump 7%, Bank of America said in a note on Wednesday.
  • The inverted head and shoulders, a bullish continuation pattern, formed in the S&P 500 during the September selloff.
  • If the S&P 500 manages to decisively break above neckline resistance of 3,430, a measured move price target of 3,640 would be in play, according to the bank.
  • Visit Business Insider’s homepage for more stories.

The S&P 500 is set to surge 7% from Wednesday’s end of trading if the index can manage to decisively close above the 3,430 level.

That’s according to Bank of America, who observed in a note on Wednesday that an inverse head and shoulders pattern has formed in the index.

The inverse head and shoulders is considered a bullish continuation pattern in technical

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Hedge Funds Have Never Been This Bullish On MACOM Technology Solutions Holdings Inc (MTSI)

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) and determine whether hedge funds skillfully traded this stock.

MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) investors should pay attention to an increase in support from the world’s most elite money managers of late. MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) was in 23 hedge funds’ portfolios

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Hedge Funds Are Bullish On dMY Technology Group, Inc. (DMYT)

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Since the end of March, investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned more than 50% since its bottom. In this article you are going to find out whether hedge funds thought dMY Technology Group, Inc. (NYSE:DMYT) was a good investment heading into the third quarter and how the stock traded in comparison to the top hedge fund picks.

dMY Technology Group, Inc. (NYSE:DMYT) was in 22 hedge funds’ portfolios at the end of the second quarter of 2020. The all time high for

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Wall Street’s top analysts are unanimously bullish on stocks like Amazon and CarMax

How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it’s best to be prepared. October is a notoriously volatile month, and this week’s heated presidential election debate did little to calm the markets — especially with the looming prospect of a contested election result down the line.



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However, there are still stocks out there ready to outperform — you just have to find them. One possible way forward is to follow stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service reveals the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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Most importantly, the stocks highlighted below have scored only buy ratings from these top analysts in the last three

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TRX flashes sell sign in 4-hour chart, despite long-term bullish outlook

  • TRX/USD 3-day chart has formed the bullish golden cross pattern.
  • The 12-hour chart MACD has reversed from bearish to bullish.

Tron’s 3-day chart has had a bullish session after five straight red sessions. However, there is one more sign that shows that this isn’t a one-time occurrence.

TRX/USD 3-day chart

TRXUSD 12-hour chart

The SMA 50 has touched the SMA 200 and is about to completely cross over to chart the heavily bullish golden cross pattern. This means that more bullish growth is expected. However, how much is the upside potential? Let’s check out some smaller time frames.

TRX/USD 12-hour chart

TRXUSD 12-hour chart

TRX/USD has had a bullish breakout from the descending triangle formation. In the process, it seems to have broken above the SMA 20 curve. The MACD has shifted market momentum from bearish to bullish. Ideally speaking, the price will want to break above the $0.02945 resistance level to make the most out

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AUD/USD technical analysis : Stamina preserves bullish bearing

AUDUSD, in spite of its recent stalling, maintains a sturdy positive structure above the simple moving averages (SMAs) and the Ichimoku cloud. Aiding the climb is the intact bullish drive in the Ichimoku lines and the robustness of the upward sloping 50- and 100-day SMAs.

The short-term oscillators illustrate the recent pause in the pair, reflecting the reduction in positive momentum. The MACD, in the positive area, is carefully shadowing below its red trigger line, while the RSI is weakening in bullish territory. Moreover, the stochastic oscillator has turned negative promoting frailty in the pair. Nonetheless, the MACD and RSI remain in positive regions while the SMAs bullish tone prevails.

If buyers resurface, immediate resistance may arise from the 0.7344 high, and the adjacent near 25-month peak of 0.7413. Surpassing this, the 0.7452 to 0.7483 area of highs from early July and August, may provide limitations to the ascent. Should

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‘Uber bullish’ tech investor Paul Meeks makes 20% correction call

Tech investor Paul Meeks is waiting for the Nasdaq to fall 20% from its record high before making any big moves.

Meeks, who’s known for running the world’s largest tech fund during the late 1990s, believes tech stocks are still too expensive despite this month’s correction.

“For the long-term, I’m uber bullish on tech,” the portfolio manager at Independent Solutions Wealth Management told CNBC’s “Trading Nation” on Thursday. “That being said, my concern and really my only concern, is valuation. But it is a pretty big concern.”

With the Nasdaq on track for its worst week since March 20, Meeks believes another wave of selling could come before the end of the year, dragging popular mega-cap growth names even lower.

He lists the contentious relationship between the U.S. and China as a potential catalyst for another wave of selling.

“Folks don’t realize that the tech supply chain is intertwined between

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