June 24th - The Biggest Crypto Event in History

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on June 24th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Top 3 Materials Stocks You May Want To Dump In May

Avi Kapoor
May 14, 2024

As of May 14, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.  

Here's the latest list of major overbought players in this sector.

Universal Stainless & Alloy Products, Inc.. (NASDAQ:USAP)

  • On May 1, Universal Stainless & Alloy Products reported better-than-expected first-quarter GAAP EPS results. Christopher M. Zimmer, President and CEO, said, “We achieved the highest profitability in 12 years in the first quarter, including a gross margin of 18.9%, on near-record sales. Our performance was driven by robust aerospace demand and the continued realization of base price increases implemented over the past three years.” The company's stock gained around 29% over the past month and has a 52-week high of $33.79.
  • RSI Value: 72.25                              
  • USAP Price Action: Shares of Universal Stainless & Alloy Products fell 0.6% to close at $32.26 on Monday.

Intrepid Potash, Inc. (NYSE:IPI)

  • On May 8, Interpid Potash reported better-than-expected first-quarter sales results. Matt Preston, Intrepid’s Chief Financial Officer and acting principal executive officer said, “Intrepid started the year with a solid first quarter that was highlighted by robust demand and stable pricing in the potash market. Our quarterly Trio® sales volumes of 91 thousand tons exceeded expectations as consistent potash pricing and improving sulfate values drove strong in-season demand.” The company's stock gained around 20% over the past five days and has a 52-week high of $28.30.
  • RSI Value: 76.02
  • IPI Price Action: Shares of Intrepid Potash rose 3.4% to close at $25.53 on Monday.

Aspen Aerogels, Inc. (NYSE:ASPN)

  • On May 1, Aspen Aerogels reported better-than-expected first-quarter financial results. “We continue to execute the transition of our Energy Industrial products to our external manufacturing facility and dedicate our manufacturing plant in East Providence to the production of aerogel for EV thermal barriers. We believe the Q1 results further demonstrate that we have the capability with existing assets and supply arrangements to deliver $650 million of annual revenue with at least 35% gross margins and 25% Adjusted EBITDA margins,” commented Don Young, Aspen’s President and CEO. The company's stock gained around 79% over the past month and has a 52-week high of $27.46.
  • RSI Value: 82.20
  • ASPN Price Action: Shares of Aspen Aerogels rose 1.2% to close at $27.33 on Monday.

Now Read This: Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday

Continue Reading...

Popular

French prime minister seeks to step out from Macron's shadow in the upcoming early election

LE PECQ, France (AP) — Thrust into sprung by his boss, France’s prime minister hopes to emerge from the campaign not only still holding the job that President Emmanuel Macron gave him less than six months ago but also as more of his own person.

A Dark Economic Force Is Coming... - Ad

This force is more powerful than the Fed, the IMF, the World Bank, and BlackRock combined -- and it's coming for your money in 2024. Take these three steps to protect your wealth now.

What's Going On With AST Space Mobile Shares Monday?

The rally in shares of AST SpaceMobile started in mid-May when the company reported financial results for the first quarter and signed a deal with AT&T.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

NATO member Romania to send a Patriot missile system to neighboring Ukraine

BUCHAREST, Romania (AP) — NATO member Romania’s top defense body said Thursday that the country will donate a Patriot missile system to neighboring Ukraine to help Kyiv in the as Moscow’s forces continue to bombard civilian areas and energy infrastructure.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

US Supreme Court refuses to take up challenge to Florida's online sports betting compact

FORT LAUDERDALE, Fla. (AP) — The U.S. Supreme Court on Monday refused to take up a challenge to exclusive rights to handle online sports betting in Florida, dealing a blow to the deal's opponents.

From Mac To Monolith: Apple Surpasses Microsoft As World's Largest Company By Market Cap

Apple traded above $216 a share on Wednesday morning, up over 4.5% on the day and 10% since its WWDC event on Monday afternoon.

Expert: The Most Important Message You'll See in 2024 - Ad

In short, America is being invaded...The invasion spreading across America is coming from the ports, highways, and railroads. AND it's being invited in by the White House. Many will be blindsided, but if you prepare today, you could come out far ahead.

What's Going On With Chrysler-Parent Stellantis Stock Today?

Stellantis shares lower premarket on Thursday. The company confirmed 2024 financial guidance and capital return plan of ≥€7.7 billion.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Why Is AMD Stock Trading Lower On Monday?

Morgan Stanley downgrades AMD due to high valuations and competition from Nvidia. However, analyst believes AMD will continue to gain market share.

Bankruptcy judge approves sale of Express Inc to group led by WHP Global

NEW YORK (AP) — A U.S. bankruptcy judge has approved the sale of the majority of 's operations to a consortium led by brand acquisition and management firm WHP Global — providing a lifeline to the struggling retailer and its hundreds of remaining stores.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Amazon Labor Union workers vote overwhelmingly in favor of affiliation with Teamsters

Workers who are part of the are aligning themselves with the Teamsters, overwhelmingly voting in favor of an affiliation.

Following Historic Conviction, Donald Trump Is Facing More Criminal Charges With No Endgame In Sight

In a landmark legal battle, former President Donald Trump was convicted in New York last week, marking a significant moment as he faces other multiple charges across the U.S.

This Election Shocker Could Be Worse Than Trump's Conviction - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

Visa's Mark Nelsen wants to make your plastic credit card obsolete

Mark Nelsen, Visa’s global head of consumer payments, sees a world where the plastic card in your wallet becomes increasingly obsolete and the standard 16-digit account number becomes worthless.

Kim Jong Un's Sister Warns Of 'New Counteraction' Against South Korea Over Loudspeaker Broadcasts And Leaflets

The influential sister of North Korean leader Kim Jong Un, Kim Yo Jong, has issued a stern warning to South Korea regarding the resumption of loudspeaker broadcasts and leaflet distribution.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Heavy snows and drought of deadly 'dzud' kill more than 7 million head of livestock in Mongolia

HANOI, Vietnam (AP) — An extreme weather phenomenon known as the dzud has killed more than 7.1 million animals in Mongolia this year, more than a tenth of the country’s entire livestock holdings, endangering herders’ livelihoods and way of life.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

State Street Technology ETF To Put Nvidia Before Apple In Revamp

Tech ETF to boost Nvidia exposure at Apple's expense, triggering billions in trading volume. Rebalance to reflect Nvidia's market value surpassing Apple's.

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Donald Trump's niece Mary Trump recently slammed the idea of pardoning the ex-president after he was found guilty in the first of his four criminal trials.

MAJOR BUY SIGNAL: Move Fast, Washington/Pelosi/Mill... - Ad

His system has found stocks that soared 1,174%, 2,123%, and 11,422%. But one investment he just uncovered in Washington D.C. could be his biggest discovery yet. It involves President Biden, Nancy Pelosi, trillions of dollars -- and the biggest economic shift since 1958.

Why Alibaba Stock Could Rally: Golden Cross In Sight

Alibaba is nearing a bullish Golden Cross, with strong AI and cloud ambitions, despite facing competition and bearish momentum. Solid business, attractive valuation, and potential uptrend signal future growth.

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

NIO Plans Organizational Changes At Onvo Sub-brand: What's Going On?

NIO reportedly unveils organizational restructuring, including the rebranding of strategic units, under its Onvo sub-brand, aiming for business and organizational advancement.

Edward Snowden Says 'Bitcoin Fixes This' In Response To NYSE Trading Glitch That Sank Warren Buffett-Led Berkshire Hathaway Shares

Renowned whistleblower and privacy advocate Edward Snowden used the technical glitch that disrupted trading on the New York Stock Exchange to draw attention to the inherent advantages of cryptocurrencies, notably Bitcoin (CRYPTO: BTC).

Ex-CIA Insider Exposes How Dems Could Rig the Election - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

Wall Street Icon Warns: "A Great Financial Reset Is Underway" - Ad

The man CNBC called "The Prophet" predicted the 2008 housing crisis and the 2022 sell-off... Now, he says that despite the bull market, he's worried older Americans are holding the WRONG stocks in their portfolios for this stage of their lives. So, he's urging folks to buy "America's No. 1 Legacy Stock," which could help them build wealth they could pass on for generations.

Disneyland employee dies after falling from moving golf cart in theme park backstage

ANAHEIM, Calif. (AP) — A Disneyland employee died after she fell from a moving golf cart in the backstage area of the Southern California theme park, authorities said Saturday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service