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Best Stocks, Crypto, and ETFs to Watch – Nvidia, Ripple’s XRP and Global X Uranium ETF (URA) in the Spotlight

Best Stocks, Crypto, and ETFs to Watch – Nvidia, Ripple’s XRP and Global X Uranium ETF (URA) in the Spotlight
Written by publisher team

the sky is the limit NVIDIA Corp. (NVDA), with superstar graphics and on-chip systems delivering an exceptional 232% year-to-date return. The continued failure of Intel Corp. (INTC) competition in the production of fast chips on time has changed the semiconductor landscape, allowing this market leader to gain significant and potentially permanent market share. Only a fool can call a long-term top in this historic advance, making it difficult to bet against the company ahead of Wednesday’s earnings report.

Dow component Walmart Corporation (WMT) He crawled back into the resistance in September 2020 for a third time, raising hopes that massive retail capital will erupt after Tuesday’s third-quarter 2021 earnings report, in which the company is expected to report $1.39 per share. However, WMT is navigating a minefield of skyrocketing wages and supply chain disruptions, just like other retailers, so a quarterly deficit cannot be ruled out.

Ripple XRP (XRP / USD) Owners have been watching in frustration since April as Bitcoin soared into the stratosphere as their investment enters its seventh month of pulling back from a three-year high of 1.96895. Price action during this period has compressed between rapidly converging trendlines now at 1.30 and 1.00, which indicates a possible breakout or breakdown before the end of the year. The cryptocurrency reversed last week at trendline resistance, exposing another slide of 20% to support.

Commodity inflation has expanded beyond the agricultural and mineral market to uranium, which is enjoying the strongest price gains since 2007. Global X Uranium ETFs (URA) As a popular way to play the upside, the fund has gained more than 430% since the March 2020 low. Even better, the rally has just hit September resistance in the high twenties, opening the door to continued gains that could reach the 40 level. dollars in 2022.

Tesla Corporation (TSLA) It took a beating last week, dropping more than 15% after CEO Elon Musk sold nearly $6.9 billion in stock to raise capital against an astronomical tax bill. Unfortunately, it will take more than a week to ease the overbought technical readings after advancing 45% over 11 days to an all-time high on November 4th at 1243.49. In turn, this creates a potential entry if the drop predominates the October 25 gap between 910 and 945, which is now perfectly aligned with the 50-day moving average.

For a look at this week’s economic events, check out our earnings calendar.

Disclosure: The author did not hold any positions in the mentioned securities at the time of publication.

This article was originally published on FX Empire

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