EMN Stock: Eastman Chemical Is A High Conviction Buy

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • EMN has a YTD price return of more than -24%. I say this stock is a great buy-the-dip gambit. EMN now only trades at 0.89x TTM Price/Sales.
  • The COVID-19 pandemic is largely responsible for EMN’s negative performance this year. However, governments will eventually have to ease their restrictions to save the economy.
  • Going forward, EMN has solid upside potential. Buying it now while it is very affordable is judicious.
  • Eastman Chemical Company has a well-diversified product portfolio. It is also an excellent dividend payer.
  • EMN has a bullish one-year algorithmic forecast score from I Know First.

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MU Stock Price: New Tailwinds That Could Steer Micron’s Stock Price To $65

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • Micron’s stock is down -21.23% from its 52-week high of $61.19.
  • The predictive algorithm of I Know First still gives a super bullish one-year forecast score of 339.66 for MU.
  • The technical indicators-centric artificial intelligence platform of WalletInvestor has a one-year price target of $64.878 for Micron’s stock.
  • My one-year price target for MU stock is $65. This is due to tailwinds from gaming smartphones/computers and increased need for data center storage and RAM.
  • No thanks to COVID-19, work-from-home is the new normal even after most countries lift their quarantine and travel bans.

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Nokia Stock Forecast: Nokia Is A Cheap Bet On 5G Revolution

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • The COVID-19 pandemic has delayed the onset of the global 5G revolution. We should still bet on companies involved in the 5G infrastructure rollout business.
  • In spite of this pandemic, the 5G infrastructure industry is still growing at an estimated 51.01% CAGR. This niche market is expected to be worth $22.93 billion by 2025.
  • It is therefore judicious to go long on Nokia. Nokia is still the world’s no.2 vendor of telecom equipment products (3G, 4G, and 5G).
  • Nokia’s stock has a one-year price return of -28.11%. NOK is now very affordable to own. It trades at only 0.80x Price/Sales valuation. NOK’s forward P/E is just 11. 44x.
  • I Know First has a slightly bullish one-year outlook for Nokia’s stock. The deteriorating US-China relationship is a long-term tailwind for NOK.

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AAPL Stock Forecast: Why Apple Deserves A Price Target of $330

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • The average one-year price target for Apple’s stock at TipRanks is only $319.86. Apple deserves a price target of at least $330.
  • Apple is still hiring. Factories in China are back to normal operations. The ongoing pandemic is no longer a disruption to Apple’s business.
  • Buying AAPL is still judicious. This stock is reasonably priced and has obvious long-term upside potential.
  • Apple’s affluent customer pool can endure COVID-19’s financial headwind. Many of them will still be able to afford a $399 or $1,500 iPhone.
  • The big surge in video game activities during this pandemic is a big tailwind for AAPL. Apple is also one of the biggest paid streaming entertainment companies.

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BABA Stock Forecast: Alibaba Still Deserves A Price Target of $240

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • Alibaba will do its earnings report on May 20. I do not think current market emotions will deliver my old 90-day price target of $240 by that date.
  • Lingering doubts about China’s honesty over its COVID-19 victory means most investors doubt there is an actual strong rebound in that country’s e-commerce industry.
  • This distrust is bad because 90% of Alibaba’s e-commerce revenue comes from China. Misplaced skepticism means BABA will trade sideways until May 20.
  • My view is that online sales are surging in China as it is in COVID-19 affected Europe and United States. Alibaba is the intermediary that connects China suppliers to B2C retailers.
  • Don’t lose hope. Alibaba’s stock still deserves a one-year price target of $240. The global fear over COVID-19 further fortifies the importance of online shopping.

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Nvidia Stock Forecast: Why Nvidia Deserves A Price Target of $320

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • I correctly predicted last April 2 that Nvidia’s stock would hit $300 before June. My previous argument that COVID-19 is boosting Nvidia was judicious.
  • NVDA breached the $300 price barrier last April 27. It did it again last May 6, and it closed at $297.79. This is still higher than April 2’s closing price of $247.03.
  • My new 1-year price target for NVDA is $320. The inability of AMD to compete in data center GPUs means NVDA will continue to soar higher.
  • Nvidia will report its next quarterly earnings numbers on May 21. Going long on Nvidia two weeks before this happens might turn out profitable.
  • The predictive algorithm of I Know First has a super mega bullish one-year Nvidia stock forecast score.

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Stock Market Predictions: How AI Can Help Not To Fall Into Traps In Coronavirus Times

This article was written by Gabriel Plat, a Financial Analyst at I Know First.

Summary:

  • Bull and Bear Traps are a false signal that indicates a change of the stock movement;
  • By falsely indicating a change of trend, unsuspecting investors can lose a lot of money with them;
  • With the coronavirus pandemic situation, we might be in the middle of a bull trap right now;
  • It is possible to avoid falling in traps by getting help from the I Know First algorithm.

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