MongoDB
MongoDB, Inc. – Class A Common trades on a stretched PE ratio. However, we’re looking for buying momentum to pick up within the $300 – $360 price range.
Magnificent 7
In Q4 2023, the group achieved a market-weighted average of 60% YoY operating profit expansion, while Apple contributed an underperforming 11%.
- Tesla Q4: -47%
- Apple Q4: +11%
- Google Q4: +27%
- Microsoft Q4: +33%
- Meta Platforms Q4:+41%
- Amazon Q4: +388%
- Nvidia Q4: +980%
Apple and Google are under recent algo engine buy signals, and we’re now building exposure within the identified value ranges.
JD.COM & Alibaba
We’re bullish on China tech giants following the increased buyback programs now in place.
JD recently announced that it would increase its buyback program by $3 billion, representing 7% of its market cap.
Alibaba upped its authorized buybacks by $25 billion and committed to retiring 3% of shares annually.
Comcast
CMCSA:NAS is under Algo Engine buy conditions, and at 10x earnings, the valuation is not demanding.
Peacock revenue increased by 57%, surpassing $1B in quarterly revenue for the first time; Peacock paid subscribers increased nearly 50% year over year to 31M.
Full Year 2023:Total Return of Capital of $15.8B
- $11.0B in share repurchases
- $4.8B in dividends
Zscaler
{ZS.NAS} trades on a high PE ratio, and further selling into the $150 price range is our target.
Apple
AAPL:NYS is under Algo Engin buy conditions. We see long-term value for investors within the $140 – $170 price range.
Shopify
SHOP:NYS is added to our buy list with a stop loss of $72.64
Intel
INTC:NAS The U.S. government is expected to invest $3.5B in Intel to make advanced semiconductors for military and intelligence programs. The money is part of the larger $39B Chips and Science Act grant pool aimed at boosting U.S. semiconductor manufacturing.
S&P500 & Market Direction
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Bitcoin Algo Signal: +53%
Our Algo Engine generated a buy signal in Bitcoin on 23/1/2024, and the trade is up 53% after 36 days.
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