A dip-buying strategy for healthcare as UnitedHealth's woes hang over the sector
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CNBC
10 hours ago
- CNBC
The charts show a tech breakout that can continue over the next 6-12 months, says Katie Stockton
The Invesco QQQ ETF , which provides a way to invest in the Nasdaq-100 Index, confirmed a breakout to new all-time highs with last week's close above the December and February peaks (~$539). The breakout is associated with renewed long-term momentum indicated by a whipsaw in the monthly MACD, marking a resumption of a multi-year secular uptrend. The breakout allows for a measured move projection of $602, which is approximately 9% above current levels as a reasonable objective looking out six-to-12 months. Since the April low, QQQ has outpaced SPY by approximately 7%, fueled by its heavier weighting in technology stocks that have led the recent rally. The ratio of QQQ to SPY is deeply overbought and has resistance intact from the 2021 peak, defining a neutral long-term trading range between the two U.S. equity market proxies. This suggests there will be a short-term moderation in outperformance from QQQ and large-cap technology stocks. But large-cap technology stocks look overdone as a group per the DeMark Indicators. Roughly a third of S & P 500 tech sector member have flashed short-term exhaustive "sell" signals from either the TD Sequential or TD Combo models within the past week. These signals support a two-week correction for the technology sector, and therein also QQQ. Pullbacks or consolidation phases tend to follow breakouts since they are often associated with overbought conditions and overly bullish sentiment. So, rather than chasing steep rallies, we find it is best to wait for excesses to be absorbed via a short-term counter-trend pullback before adding new exposure. For QQQ, we would be interested in a lower risk entry closer to support, potentially from June's gap which would be filled at $532. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author's current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made with respect to the accuracy, completeness, or timeliness of such information. This information may be subject to change without notice. Fairlead Strategies undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Fairlead Strategies, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Fairlead Strategies or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Fairlead Strategies or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Any investments made are made under the same terms as nonaffiliated investors and do not constitute a controlling interest. No liability is accepted by Fairlead Strategies, its officers, employees, affiliates, or partners for any losses that may arise from any use of the information contained herein. Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules, or regulations. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Yahoo
12 hours ago
- Yahoo
Up 90% in 2025, Is Gogo Stock Headed for Turbulence?
Gogo (GOGO) hit a new 52-week high on Thursday, July 3. The stock has a 100% technical 'Buy' signal via Barchart and is trading above its key moving averages. Shares are up more than 90% in 2025 so far, and up 43% in just the last month. Analysts project significant revenue and earnings growth for the next two years. Valued at $2 billion, Gogo (GOGO) is the leading provider of in-flight connectivity and wireless entertainment solutions for the global aviation industry. It currently provides services on approximately 9,600 aircraft, which represents more than 20% of the global commercial and business jet aircraft fleet. Gogo has partnerships with 14 commercial airlines and is installed on more than 2,500 commercial aircraft. Nearly 7,000 business aircraft are also flying with its solutions, including the world's largest fractional ownership fleets. Chevron Stock's 4.6% Dividend Yield and 1.67% One Month Short Put Yield Make CVX a Buy Tariff Dealine, Fed Minutes and Other Key Thing to Watch this Week SoFi Stock Is Betting on Crypto Again. How Should You Play SOFI Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. GOGO checks those boxes. Since the Trend Seeker signaled a buy on May 12, the stock has gained 25.08%. GOGO Price vs. Daily Moving Averages: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. Gogo shares hit a new 52-week high on July 3, touching $15.78 in intraday trading. Gogo has a 100% technical 'Buy' signal. The stock recently traded at $15.46, above its 50-day moving average of $11.32. GOGO has a Weighted Alpha of +67.40. The stock has gained 58.08% over the past year. GOGI has its Trend Seeker 'Buy' signal intact. Gogo is trading above its 20, 50 and 100-day moving averages. The stock has made 10 new highs and gained 43.15% in the last month. Relative Strength Index is at 76.71%. The technical support level is $15.30. $2 billion market cap. Trailing price-earnings ratio of 32.94x. Revenue is projected to grow 103.37% this year and 118.05% next year. Earnings are estimated to increase 71.86% this year and increase 52.78% next year. I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like Wall Street analysts have very mixed feelings and some major advisory sites think the stock may be priced too high for further price appreciation. The Wall Street analysts tracked by Barchart issued two 'Strong Buy" and two 'Hold' opinions on the stock. Value Line gives the stock its highest rating. CFRA's MarketScope rates the stock a 'Sell.' MorningStar thinks the stock is 12% undervalued. 18,100 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.' Gogo currently has momentum but may have peaked. I caution that GOGO is volatile and speculative — use strict risk management and stop-loss strategies. Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Insider
a day ago
- Business Insider
Can Archer Aviation (ACHR) Fly Higher? Why Our AI Analyst Is Staying Neutral
Archer Aviation (ACHR) is flying toward the future with big ambitions, but investors may want to fasten their seatbelts. Our AI Analyst currently gives the stock a Neutral rating with a score of 49, reflecting a mix of promising progress and financial growing pains typical of pre-revenue aerospace innovators. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The Upside: Partnerships and Progress Archer has taken bold steps toward commercial readiness. Test flights in Abu Dhabi demonstrate that its eVTOL aircraft can operate in extreme environments. At the same time, a $142 million contract with the U.S. Department of Defense highlights its strategic value beyond urban transport. It also boasts strong partnerships with Stellantis (STLA), Palantir (PLTR), and Anduril, positioning Archer to benefit from both aerospace and defense tech demand. The company's $1.03 billion cash cushion (as of Q1 2025), bolstered by an additional $300 million equity raise, is one of the largest in the space. That liquidity helps buffer the risks tied to high burn rates. With plans to launch the Midnight aircraft in the UAE this year and scale production to two units per month, Archer is preparing for liftoff, at least operationally. The Downside: No Revenue, High Risk Despite the innovation, Archer still reports $0 in revenue. Q1 2025 reported a $109 million adjusted EBITDA loss, driven by rising expenses, including headcount and R&D. The cash flow remains negative. Although the balance sheet is solid, the business model has yet to be proven. Investors should also weigh the dilution risk. The company's recent capital raise, although necessary, means more shares will be on the market. Regulatory hurdles, flight test delays, and the complexity of building a whole new transportation market also bring execution and adoption risks. From a trading lens, ACHR is hovering just above its 50-day moving average and comfortably above its 200-day mark, showing some positive trend momentum. MACD is flat but slightly positive, and the RSI is neutral at 49.1, indicating neither overbought nor oversold territory. In short, the chart reflects cautious optimism. The Verdict Archer Aviation is a compelling story, blending cutting-edge tech with high-stakes execution. But with no revenue and considerable uncertainty ahead, our AI Analyst is staying grounded for now. The Neutral rating reflects a balanced view, offering a significant opportunity, albeit with some turbulence. Investors eyeing ACHR should watch for FAA certification milestones, progress on commercial launches, and how well Archer manages cash in the months ahead. average ACHR stock price target is $11.75, implying a 15.54% upside.
