Keep an eye on AT&T (T).
After pulling back from about $18, the stock caught support at its 50-day moving average, as it also did in early January. It’s also over-extended on RSI, MACD, and Williams’ %R. As investors wait for the stock to recover lost ground, they can collect its yield of 6.56%.
Analysts at JP Morgan just upgraded the stock to an overweight rating, with a price target of $21 from $18. “We look for AT&T to grow its mobility business at a solid pace with both postpaid phone growth and ARPU for service growth of 3% in 2024 and EBITDA growth of 5.1%,” said the firm, as quoted by Seeking Alpha.
AT&T last traded at $16.91. From here, we’d like to see it initially test $18.25.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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