Morning Watchlist

    Back-to-School Stocks are Exploding - 8/16

    Dylan Jovine
    Friday, August 16, 20243 min read
    Back-to-School Stocks are Exploding - 8/16

    That was fast.

    On Tuesday, we highlighted a few back-to-school stocks.

    All of which have been rocketing higher, including:

    Company: Target (SYM: TGT)

    As we said on Tuesday, “After slipping from about $150 to $135.50, Target appears to have caught strong support dating back to late 2023.  It’s also oversold on RSI, MACD and Williams’ %R and could push aggressively higher, especially with back to school season already here.”

    At the time, TGT traded at about $134. Today, it’s up to $140.66. From here, we’d like to see it retest $150 next. Even better, as noted by UBS:

    “We think Target’s setup heading into the second-quarter print [on Aug. 21] is favorable. The sentiment for the stock has been mixed. The market is grappling with recession fears, uncertainty related to tariffs, recent volatility in consumer spending, and the risk to the second-half outlook. We think this cautious sentiment has weighed on the stock, leading to an even more favorable risk-reward profile,” according to the firm, as noted by Barron’s.

    Millionaire Publishing

    The 2:59 PM Trade

    It's Friday afternoon, 2:59 pm.

    Most traders are clocking out. But legendary Millionaire trader Tim Sykes is about to cash in on a strange weekend loophole.

    He's used this exact method to make $8,780... $9,518... and even $16,159 over the weekend.

    But today, he wants to show YOU how to do it too.

    >> Click here to play video.

    Company: Walmart (SYM: WMT)

    On Tuesday, we noted, “Even Walmart is technically oversold at $67. It’s also just starting to pivot from over-extensions on RSI, MACD and Williams’ %R and could race back to $71 initially. Wells Fargo also just reiterated a buy rating on WMT with a $75 price target.”

    At the time, WMT traded at about $67. Today, with earnings, it’s up to $73.26.

    Paragon Options

    #1 Option Trade RIGHT NOW

    Let's keep this short and sweet. Once a week, at one specific time, an unusual opportunity presents itself. At least it does for Chartered Market Technician, Christian Tharp… The opportunity is evident, just check out these trades. All of these moves happen in less than 24 hours! You're about to see exactly how he identifies these opportunities. As 1 of 4,500 Chartered Market Technicians (CMT) in the world, Christian is a qualified technical analyst of stock trends, financial trends and forecasting future price movements. Which is why he is able to pinpoint options trades with massive potential.

    Learn more here.

    Company: Amazon.com (SYM: AMZN)

    “Even Amazon has become ridiculously oversold and over-extended on RSI, MACD and Williams’ %R. From its last traded price of $166.04, we’re looking for an initial bearish gap refill at around $185 near term,” we added.

    From $166.04, it’s now up to $176.46 and should refill its bearish gap at $185.

    If you bought these trades, congratulations on the quick wins.

    Manward Press

    The Mysterious VC Firm Behind Nvidia's Secret Weapon

    In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

    Unlock the hidden key to AI's future.

    Found this helpful? Share it with others.

    Written by Dylan Jovine

    Our Flagship Publication

    Discover Great Companies Trading at a Discount

    Join Behind the Markets