•USD Carrier Global Corporation(CARR)-Could struggle at this area. Compare $66.70 +1.33 (+2.03%) $73.70 is my target.
Piper Sandler’s ‘actionable ideas’ – Buy NET, JD, SITM, Sell HAL Mar. 07, 2025 2:58 PM ETS&P 500 Index (SP500)IWM, HAL, WBD, JD, NET, SITM (<1min) Piper Sandler analysts presented their actionable stock recommendations, as the market engages in extreme bearish sentiment over concerns of economic growth, tariffs, and other policies. Craig Johnson, chief market technician at Piper Sandler, noted that the investment company’s proprietary breadth indicators are in sell positions. “Our M.A.C.E. trend work (moving average cycle evaluation) reveals that more stocks are in downtrends than uptrends.” However, he said the market’s downside will be limited, as he expects equity markets to pull in from their recent record highs toward key support levels. “We suspect markets will find some footing as the S&P 500 (SP500) tests its 200-day moving average and the Russell 2000 (IWM) tests its 50% retracement from its October 2022 low,” he said. “A period of stabilization, reassessment, and rotation is likely at current levels.” He added that some stabilization is due as the key long-term support is tested around the 5700 to 5800 level. The S&P 500 is currently at 5,762. Here are Piper Sandler’s actionable ideas: Cloudflare (NET) The company’s shares are “retesting support from a prior breakout level” and are above their rising 30-week moving average. “Add to positions once support has been confirmed.” JD.com (JD) These shares are approaching the top of a bullish “cup and handle” formation and are back above their 10-week and 30-week moving average. “Add to positions on a breakout above resistance near $48.” SiTime Corp. (SITM) Here, shares have confirmed their support off a prior breakout level and relative strength has rebounded into positive territory. “A close above the 10-/30-week moving average should open the door to a new leg higher.” Warner Bros Discovery (WBD) The firm’s shares are approaching the neck of an “inverted head and shoulders” formation and are back above their 10-week and 30-week moving averages. Relative strength has risen to multi-year highs. “Add to positions on a breakout above the neckline near $12.70.” Halliburton Co. (HAL) Halliburton shares, however, are approaching their support off the 2022 lows and are back below their 10-week and 30-week moving averages. “Reduce positions on a violation of support.”
The rotation is the biggest part of the next thesis. We have to be willing to buy different sort of stock. What sort is it? Might be the military stocks. Healthcare. Real Estate. Might be Quantum I just don't know...
GH is down big too. I actually thought WAY may be a go yesterday. Glad I didn't jump. Did they report earnings or something?