IPG Photonics Corp. is grouped in the semiconductors sector by Wall Street, but their core business is manufacturing high-powered lasers. The semiconductors have all been taken to the woodshed recently, so naturally $IPGP has followed suit to some degree no matter how irrational the move may be. $IPGP is widely institutionally owned (over 71%), so the big boys love holding this one. Technically, we have recently tested our 200 day simple moving average ($83.32) & closed slightly above it at the end of Friday's session. MACD & RSI are signaling bullish. I like this one above $84.36, with a stop set at $81 under our recent lows. Earnings are 7/27.
JetBlue Airways is the sector leader for airlines. If you follow the market, you are well aware that the Transports have really underperfomed recently. $JBLU has held up very well given the circumstances. All indicators are bullish on the daily chart (MACD, RSI, Stochastics), but be careful not to chase this one. If it opens up big on Monday, I'll likely avoid it. That being said, I like this over $21.79 with a stop around $20.00 even. Earnings are 7/28.
Cerner Corp. is in the Healthcare Sector, which has been the best performing sector year to date. $CERN recently tested it's 200 day simple moving average in June and has been acting better ever since. $CERN looks to have put in a higher low on the daily chart & it's RSI & MACD look very bullish. I like this one over $70.15 with stops set at $66.50. Earnings are 8/4.
Alder Biopharmaceuticals Inc. is a small biotech company, so this one is not for the faint-hearted. It moves quickly, so if you take a position in this one just know that you will need to be a little more nimble than normal. $ALDR had a massive breakout around $30 back in May. It had close to a 20% pullback from it's 52 week high of $54.90, and looks like it wants to ultimately retest those highs. All indicators look bullish, especially RSI. I'm looking to take a position anywhere in the $47.50-$50.00 dollar range with a stop at $44.75. Earnings are 8/3.
Goldcorp, Inc. is one of the major gold miners in the world. When looking into seasonality patterns of Gold, June & July tend to be it's weakest months. $GG has had a lot of trouble around the $17 area, so I'll ideally be watching it test this again & fail. I'd like to take a short around the $17 area, but may not be that fortunate if it opens down Monday. I like it below $16.33, with a stop at the 50 day simple moving average at $17.50. RSI & MACD are both pointing down/bearish. Earnings are 7/30.
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