Stocks To Buy

Markets are forward looking. And when looking at retail plays, they see things getting worse, not better, for a number of big-box stores. Why? Same-store sales trends. The big players saw a surge higher as mom and pop stores closed, and that trend may unwind slightly, which could hurt future trends. That’s led to a number of big-name retailers decline even after posting great sales and earnings numbers. The latest victim of this trend isCostco (COST). The warehouse giant knocked its earnings ...
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With the stock market in full meltdown mode, companies reporting great earnings numbers are being totally ignored. The chipmakers are one such place, where great earnings have been met with massive hits to share prices. While valuations may have been high going in to this correction, for growing companies dealing with more demand than can be met in the short-term, this looks like one of the first places in tech likely for a strong rebound. Case in point?Broadcom (AVGO). The company reported ...
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Stock market volatility has been rising in recent sessions, and few spaces look immune to potential wild daily swings. For the semiconductor space, however, a supply crunch is likely to limit potential downside damage. That’s especially true forMicron (MU). The company beat on earnings estimates, and raised its forecast for the year for earnings, margin, and revenue. While shares sank when reporting earnings on Wednesday, and on Thursday's market meltdown, the longer-term uptrend looks intact. Shares have also benefitted in recent weeks ...
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Shares of rideshare firmLyft (LYFT) are set to move higher yet again. That’s thanks to the company’s latest ride numbers, which are now on par with March 2020. Average daily rides are up 4 percent, and volumes are up 5.4 percent from the previous month. That’s a great trend, and one likely to continue to rise over time, as economies look to end restrictions and reopen. And with shares already near all-time highs, there’s room for a surge higher. The rideshare company ...
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The latest retail company to report earnings has continued the trend of failing to report guidance. And that’s once again spooked the market into a selloff. With where stocks are at right now, the move has created some opportunities to buy near the lows of the year. The latest player?Target (TGT). The company earned $2.73 per share for the last quarter of 2020, a massive jump from the $1.65 per share in the fourth quarter of 2019. Yet despite those massive numbers, ...
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The digital age, driven by software and other technology, still requires some physical gadgetry to work. That physical tech requires certain components to work, which in turn are driven by certain commodities used in manufacturing. One space that has gotten a large amount of attention is lithium. It’s a key element for the technology in the latest generation of rechargeable batteries, particularly those for electric vehicles. So it’s no surprise that with a pullback in recent weeks, shares ofAlbemarle (ALB) are starting ...
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Most companies looking to survive in the past year moved heavily towards ecommerce sales. However, a few companies have a business model known as the “found treasures.” They offer steep discounts compared to the non-sale price, but the catch is that buyers have to find them by scrounging through a physical store. One such play isRoss Stores (ROST). Shares are just now climbing back to pre-pandemic levels. And shares look like a bargain as shoppers look forward to perusing those treasures ...
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Earnings season continues to offer traders a number of new buying opportunities in great names. That’s even the case when a company declines due to technical reasons rather than fundamental ones. Take the case ofPlug Power (PLUG). The hydrogen energy company sold off following an earnings miss. The miss occurred as the company recognized charges from the vesting of warrants. The warrants vested faster than expected in part due to the rising stock price. Talk about being punished for being successful! That ...
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