xrp crypto stock

Best Stocks, Crypto, and ETFs to Watch

Best Stocks, Crypto, and ETFs to Watch
Written by publisher team

the sky is the limit NVIDIA Corp. (NVDA), with superstar graphics and systems on the chip delivering an exceptional 232% year-to-date return. The continued failure by rival Intel Corp. (INTC) in producing 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 soars into the stratosphere as their investment enters the 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 the possibility of a breakout or breakdown before the end of the year. The cryptocurrency reversed last week at trendline resistance, exposing another 20% slide into 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 about $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 the 45% advance over 11 days to the all-time high on November 4th at 1243.49. In turn, this creates a potential entry if the drop closes 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.

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