person performing coffee art

In our weekend digest, we summarize the best pieces published from the working week. These can be read in full by clicking on the link over the name/ticker.

Stocks – trading sideways with cautious optimism

Tesla (NASDAQ:TSLA) 6/12/21

Where are some selling levels to watch? These can be used either to exit short term long positions or enter the short side of the trade. The first level is $1,085-$1,095. The price moved quickly away from this on Friday. This supply zone could see the price reject back down once it is tested. Another level is the upper trend line that has been created over the past month (white line).

Amazon (NASDAQ:AMZN) 7/12/21

There is still a strong view that Amazon stock will continue to outperform. A Bloomberg survey of equity research analysts indicates that 98% of analysts currently have a “BUY” rating on Amazon, whilst only 2% have a “HOLD” rating, and no analysts have a “SELL” rating. Amazon remains the top rated “US Megacap” stock and analysts expect the company to benefit from another strong holiday season in their e-commerce revenue stream.

Rolls-Royce (LSE:RR) 8/12/21

News came through last month about the new entity setup for the small modular reactor (SMR) business. This is a new area being funded by the UK government along with a partnership with BNF Resources and Exelon Generation. Rolls Royce SMR will be primarily focused on developing ways to deliver net zero power as part of the ongoing push for green energy in the UK and around the world. It’s positive on several fronts. 

Advanced Human Imaging (NASDAQ:AHI) 8/12/21

The company provides smartphone-based human scanning technology, with a diverse range of data-driven applications across multiple industries. The price flew up on December 1st, closing the day up 42%. On Monday, the company informed investors it had accelerated the rollout of new technology as a result of the COVID-19 pandemic and the need for access to remote care.

Cumberland Pharmaceuticals (NASDAQ:CPIX) 9/12/21

Cumberland has many projects in the work to build off this current good news. We think the company is undervalued at $85.6M. $10 is a short term target as momentum grows with little resistance above $8. The shares available are low and the demand is high. Long term potential could see this stock grow tremendously and compete with companies that currently have much larger market caps.

Aston Martin (LSE:AML) 10/12/21

When a colleague told me earlier this week that the Aston Martin (LSE:AML) share price is down 94% over the past three years, I couldn’t quite believe it. Sure, I remembered the slightly overpriced IPO level of £190 back in 2018. Yet I didn’t realize quite the extent of the slump since then. With the current share price at just 1,371p, it is now time to buy?

Longeveron (NASDAQ:LGVN) 10/12/21

The stock initially rose after the FDA approved Longeveron’s Lomecel-B for rare pediatric disease designation. Lomecel-B has been designated for treating Hypoplastic Left Heart Syndrome (HLHS), a rare and life-threatening heart defect in infants. The treatment is currently undergoing a Phase 2 trial following a positive Phase 1 trial.

Crypto – still in risk off mode, caution warranted

Sandbox (SAND) 07/12/21

Another reason why SAND could do well is because of the exposure it offers more conservative investors. Let’s be clear, not everyone is going to feel comfortable buying virtual land on the metaverse within Sandbox. Yet with land appreciating rapidly in value, investors won’t want to miss out on potential profits. Therefore, some investors will decide to buy SAND outside of the metaverse and hold the coin in their virtual wallet.

Technical Analysis (TechTalks) 07/12/21

Ethereum has shown great strength through the recent crypto struggles. This sets them up well for the next bull run. They didn’t escape the harsh sell-off from 3 days ago. The price fell to around $3,500, down 28% from highs of $4,868. The price has held well above $3,900, failing to close below this since October.

FX – trading inflation via USD/CAD, noting false breaks on EUR/GBP

Fridays US inflation print gave some needed volatility for the end of the week, which we played via being short USD/CAD. We also thought EUR/GBP looked a nice short at the beginning of the week, but ultimately we’re stopped out flat as the false break below 0.8500 retraced higher later in the week.

Leave a Reply