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Big Movers 11/11/24


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SALESFORCE: SCORE - 67 (BUY)


News Today: Jefferies raised its price target on Salesforce to $400 from $350, keeping a buy rating. Following this, Salesforce surged by 5.3% to 6.2%, becoming the top gainer on the Dow.


IMMEDIATE SIGNALS


Current Signal: Sell

Trend: Bear

Trend Movement: Average

Trend Volatility: 100%

Trend Mood: Normal


Short Term: Up

Intermediate Term: Up

Long Term: Up


Today's Volume: 13.59 M

Average 30D Volume: 4.67 M

Market Cap: 326.69 B


Intel: SCORE - 44 (SELL)


News Today: Intel EVP & GM Michelle Johnston Holthaus Sells 25,000 Shares.


IMMEDIATE SIGNALS


Current Signal: Sell

Trend: Bear

Trend Movement: Average

Trend Volatility: 100%

Trend Mood: Normal


Short Term: Down

Intermediate Term: Up

Long Term: Down


Today's Volume: 80.05 M

Average 30D Volume: 65.55 M

Market Cap: 108.04 B


MercadoLibre: SCORE - 51 (BUY)


News Today: Latin American e-commerce and fintech giant MercadoLibre MELI has seen its stock decline 11.6% following its third-quarter 2024 earnings release, despite reporting robust growth across its business segments. In the third quarter, the company reported earnings of $7.83 per share, which missed the Consensus Estimate by 30.52% but increased 9.4% year over year. Revenues rose 35% on a year-over-year basis (103% on a FX-neutral basis) to $5.3 billion.


IMMEDIATE SIGNALS


Current Signal: Buy

Trend: Bull

Trend Movement: Average

Trend Volatility: 94.8%

Trend Mood: Normal


Short Term: Down

Intermediate Term: Up

Long Term: Down


Today's Volume: 987.48 K

Average 30D Volume: 429.63 K

Market Cap: 99.43 B


Micron Technology: SCORE - 46 (SELL)


News Today: Taiwan Semiconductor stock took a hit after the U.S. Department of Commerce instructed the chipmaker to cease supplying China with sophisticated chips—of 7 nanometers or more advanced designs—that support AI and graphics processing capabilities. The U.S. move sent jitters across the sector, anticipating further actions from President-elect Donald Trump’s administration, which had previously attacked the US Chips Act and Taiwan the hometown of Taiwan Semiconductor.


IMMEDIATE SIGNALS


Current Signal: Buy

Trend: Bull

Trend Movement: Average

Trend Volatility: 99.8%

Trend Mood: Normal


Short Term: Down

Intermediate Term: Up

Long Term: Down


Today's Volume: 14.47 M

Average 30D Volume: 18.82 M

Market Cap: 120.46 B


PayPal Holdings: SCORE - 52 (BUY)


News Today: With the increased adoption of digital payments and demand for cryptocurrency fintech companies' future appears bright. Amid a sea of rising fintech players, PayPal Holdings' PYPL recovery is spectacular. 

PayPal has experienced both highs and lows in recent years, driven by shifting market dynamics, competitive pressures, and changing consumer behaviors. However, under the leadership of new CEO James Alexander Chriss, the company’s growth story has started to take a new turn. Its recent third-quarter results showed significant progress, reigniting growth. PayPal stock has surged 41% year to date outperforming the S&P 500 Index's SPX gain of 26.4% Nonetheless, Wall Street expects more than 45% upside next year. 


IMMEDIATE SIGNALS


Current Signal: Buy

Trend: Bull

Trend Movement: Overbought

Trend Volatility: 100%

Trend Mood: Optimistic


Short Term: Up

Intermediate Term: Up

Long Term: Up


Today's Volume: 15.54 M

Average 30D Volume: 10.36 M

Market Cap: 87.16 B


Block: SCORE - 56 (BUY)


News Today: Block Price Target Announced at $83.00/Share by Piper Sandler.


IMMEDIATE SIGNALS


Current Signal: Sell

Trend: Bear

Trend Movement: Average

Trend Volatility: 82.8%

Trend Mood: Normal


Short Term: Up

Intermediate Term: Up

Long Term: Up


Today's Volume: 20.90 M

Average 30D Volume: 6.83 M

Market Cap: 51.34 B

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The recipient of any communication or viewers/participants of The Stock Scoop and/or Hall of Fame Trading Academy understands that Brett Hall d/b/a The Stock Scoop and Hall of Fame Trading academy does not make any representations or guarantees regarding the information provided in his classes or market material and/or the profitability of day trading using the lessons taught in his classes or sent by any form of communication. There is no guaranty that the use of the information contained in the classes or related materials (the "Materials") will make money and such Materials may result in the loss of substantial amounts of money, including the amount paid for any services or free information received. Brett Hall d/b/a The Stock Scoop and Half of Fame Trading Academy does not provide investment advice, and his classes/materials are purely for educational purposes. Brett Hall d/b/a The Stock Scoop and Half of Fame Trading Academy does not assume responsibility or liability for your trading and investment results. It should not be assumed that the methods, techniques, or indicators presented in her classes or the Materials will be profitable or that they will not result in losses. Past results related to trading ideas or systems published by Brett Hall d/b/a The Stock Scoop and Half of Fame Trading Academy should not be relied upon and are not indicative of future returns related to such systems, models or ideas, which may or may not be realized by Brett Hall d/b/a The Stock Scoop and Half of Fame Trading Academy. In addition, the indicators, strategies, columns, articles and all other features of the Materials are provided for informational and educational purposes only and should not be construed as investment advice. You will seek professional advice from a licensed independent investment adviser and/or broker-dealer prior to investing or trading for your account or the account of others. Brett Hall d/b/a The Stock Scoop and Half of Fame Trading Academy may or may not have holdings or positions in the securities mentioned in his classes or the Materials. The information contained in the classes and Materials is considered proprietary and any unauthorized recordings, reproduction or redistribution is strictly prohibited.

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