Last week, buyers accumulated shares in three companies. If that momentum continues, they may earn a strong buy rating.
In the technology sector, Intel (INTC) gained 10.8% to close at a new 52-week high at $45.55. Despite Advanced Micro Devices (AMD) outflanking it in the GPU, server, and PC markets, Trump’s praise of Intel CEO Lip-Bu Tan boosted the stock.
Sandisk (SNDK) recovered from a mid-week drop by rising 12.81% on January 9. Tom’s Hardware cited Normura Securities, reporting that the firm might double the price for 3D NAND memory. Server-class storage uses this type of technology.
Builders FirstSource (BLDR) broke out last week to close at near $125. The firm benefits if single-family construction activity rebounds this year.
Stocks to Consider Selling
In the Bitcoin (BTC-USD) market, beware of MicroStrategy’s (MSTR) leveraged balance sheet. Although MSCI announced that it would not exclude digital asset treasury companies from its indexes, investors are bearish on MSTR stock. They hold a 10.9% short float against the stock.
Las Vegas Sands (LVS) risks erasing its recent gains. In December, Macau’s gaming revenue grew by 14.8%, compared to the 18% expected.
CoStar Group (CSGP), an analytics and marketing firm, is on a downtrend. The firm is forecasting an 18% Y/Y growth in revenue this year. However, it will earn just $215 million at most, yet its market capitalization is $24.79 billion.
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