Steel Dynamics Up 9.6% as Competitors Rust

$124.01 -0.41 (-0.33%) (As of 02:13 PM ET) 52-Week Range $95.53 ▼ $151.34 Dividend Yield 1.48% P/E Ratio 8.52 Price Target $133.57 While most steel producer stocks are trading down in 2024, Steel Dynamics Inc. NASDAQ: STLD is an exception. Its stock is trading up 9.1% year-to-date (YTD). The VanEck Steel ETF (NYSEARCA: SLX) is down…

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Snowflake Stock Rallies on AI Spending Increase

Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low…

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Complete Solaria, Senti, and POET

High volume can indicate market strength, but volume is relative. Thirty million in traded shares doesn’t mean much if the average daily volume is higher. However, a volume spike to thirty million is a different story.   Volume spikes are a sign of piqued market interest, but their impact can be fleeting. Take GameStop, for example….

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Pfizer Stock Poised for Turnaround on GLP-1 Hopes

$27.89 -0.16 (-0.57%) (As of 02:28 PM ET) 52-Week Range $25.20 ▼ $37.80 Dividend Yield 6.02% Price Target $35.54 Pharmaceutical giant Pfizer Inc. NYSE: PFE has been trying to enter the weight-loss treatment trend dominated by GLP-1 drug makers like Ozempic and Wegovy makers Novo Nordisk A/S NYSE: NVO and Mounjaro and Zepbound makers Eli Lilly…

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Sell One, Buy the Other

Analysts’ sentiment has Workday NASDAQ: WDAY  and SolarEdge NASDAQ: SEDG down, but the takeaways differ for each. On the one hand, a struggling business continues to lose money while its competitors fare better. On the other hand, a leading company that failed to meet inflated expectations has had its market reset. The share price will…

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Fortinet is an Undervalued Cybersecurity Stock Worth Owning

$60.11 -0.98 (-1.60%) (As of 07/8/2024 ET) 52-Week Range $44.12 ▼ $81.24 P/E Ratio 39.29 Price Target $70.03 Leading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model….

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Can the Sector Hold Firm?

The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent. Adding…

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