Market set to 🚀 higher this morning. Overnight foreign markets rallied strongly on positive developments from the U.S.-Iran agreement (aimed at ending conflict and reopening the Strait of Hormuz). Asian equities surged (Nikkei up ~5%, broader MSCI Asia gains), European markets hit record highs, and U.S. futures are pointing to a solid open: S&P 500 futures 1.3%, Nasdaq futures 2.1% , Dow futures 1% as oil prices tumbled ~4% on eased geopolitical risk premium.
High volume expected today as risk sentiment improves and capital rotates back into equities.
Stocks I’m holding flashing buy signals this morning:
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$AMD: Strong momentum in AI/GPU space. Citi recently upgraded to Buy, citing GPU upside not fully priced in; BofA raised PT calling it a top CPU pick. Shares showing resilience and technical strength amid sector tailwinds.
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$CLF (Cleveland-Cliffs): Steel/materials play benefiting from broader industrial rebound and any tariff/infra tailwinds. Recent analyst PT raises (e.g., BofA to $14) and relative strength in the space.
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$FCX (Freeport-McMoRan): Copper giant with strong YTD performance (~35% ), solid analyst targets (~$71 avg), and upside from commodity demand in AI/data centers easing macro pressures. Trading near highs with constructive setup.
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$HLIT (Harmonic): Broadband/infra name with surging earnings estimates, Zacks Rank #2 Buy, recent PT hikes (up to $20), and positive momentum from DOCSIS 4.0/AI video wins. Great relative strength.
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$MYRG (MYR Group): Electrical infrastructure/construction play showing explosive moves (up ~5% recently, strong YTD). Benefits from data center/power buildout tailwinds and high-conviction technicals.
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$PWR (Quanta Services): Infrastructure powerhouse with massive backlog, record earnings growth, and $1B buyback. Consistent strength in energy transition/AI infra theme.
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$ZVIA (Zevia): Consumer growth name with recent positive price action and potential rebound setup amid broader market lift (watch volume closely as it’s more speculative).
High-conviction ideas evolve with the tape — these align with AI/infra, materials, and momentum themes. Always manage risk with defined stops and position sizing.
Happy trading and stay disciplined! 📈🚀
NFA DYOR
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