Stock Movers This Morning 5/25

in #money7 years ago

c3.jpg

Some my stock mentions are really moving today. (ULTA) is currently up $10 making a monster move up after yesterday's completely unnecessary sell off. With earnings after the market close today I think we should look for this stock to make a move over $300 soon if earnings are good. If you happened to get into the stock yesterday on the dip then this may be a good opportunity to take some off the table. Overall I really like the stock but we'll have to see what the earnings look like. As always there are risks with holding through earnings.

(AVGO) got a price target upgrade at Morgan Stanley from 245 to 265 with the an bull case target of 325. This stock gapped up over 241 and then fell below 239 today. Now it's sitting at 240 and I'm very bullish on this one here. Technical breakout area here is 227 and has room to run.

(NTES) is making a monster move after falling yesterday as yesterday was ex-dividend day. The stock is up $6 to 294.75 right now and will move higher. I'll be holding shares until next Friday at least when the dividend pays out as the stock will likely be higher.

I continue to avoid (SHOP) and (TSLA) and remain short on (SHOP) from $89. I'm not recommending to short the stock here but if you wanna take a little risk the stock may sell off into the low 80's. Maybe a good short if momentum starts to the downside. If we don't start falling soon I'll exit my short. (SHOP) is currently down .57 which is telling as the whole market is going up. (TSLA) got a huge upgrade yesterday but I don't really like the action here. Unless this sets up to go higher I'll be holding off on it until it goes lower. I like this stock long term as its evolving into much more than a car company.

As always these are just my opinions so make sure you do your own research before taking action. The market can be very risky.

Don't forget to invest in physical assets especially silver for the long term.