Boeing
Boeing Company (The) Common is under Algo Engine buy conditions. We expect buying interest to build within the $170 -$190 range.
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.
Deep Yellow
Deep Yellow is under Algo Engine buy conditions, and we’re monitoring for the price action to cross above the 10-day average.
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Telstra
Telstra Group is under Algo Engine buy conditions.
China New Economy
VanEck Vectors China New Economy is building a new support level at $6.50.
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.
Woolworths
Woolworths Group is a counter-trend trade and requires a tight stop loss at $32.60
RIO
Rio Tinto is under Algo Engine buy conditions. Investors may consider accumulating the stock within the $105 – $115 value range.
Traders should be focused on short-term momentum and wait for the stochastic to turn higher or for a break above the 10-day moving average.
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Investor Signals Pty Ltd
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