Bank of America (BAC) Elliott Wave Bullish Sequence Strongly Supports Upside Outlook
Bank of America (BAC) has advanced to a new all‑time high, surpassing the January 5, 2026 peak at $57.55. This decisive breakout confirms the strength of the ongoing trend and highlights an incomplete bullish sequence from the April 2025 and March 2026 lows. The broader structure continues to favor the bullish view, reinforcing expectations for further upside momentum. From the May 15, 2026 low, the rally is unfolding as a five‑wave impulse. Wave ((i)) concluded at $52.50, followed by a corrective pullback in wave ((ii)) that ended at $50.60. The advance in wave ((iii)) carried the stock to $57.98, as reflected in the intraday chart. Subsequently, wave ((iv)) unfolded as a zigzag correction and is proposed complete at $56.03. With that correction finished, the stock has resumed its upward
$Carnival(CCL)$$Royal Caribbean Cruises(RCL)$ $Norwegian Cruise Line(NCLH)$ 🚢📊 $CCL Carnival: record demand meets a technical earnings reset 📊🚢 I’m watching Carnival closely after Q2 2026 earnings because the market is currently pricing two very different stories. The operating business continues to show resilience with record customer deposits, improving profitability, and strong forward bookings. However, the stock reaction has been negative, with $CCL breaking below both its 100-day and 200-day moving averages after earnings, dragging $RCL, $NCLH, and $VIK lower in sympathy. The key question for investors is whether this is a fundamental d
$SanDisk Corp.(SNDK)$$NVIDIA(NVDA)$ $Micron Technology(MU)$ 🚨 $SNDK SanDisk’s AI Memory Supercycle Faces Its First Major Reality Check 🚨 SanDisk $SNDK is on track for its 2nd worst trading day of 2026, plunging more than 12% intraday as memory semiconductor stocks come under heavy selling pressure. After an extraordinary rally, $SNDK is still holding an incredible 739% return for 2026, but today’s move highlights the biggest question facing AI infrastructure investors: Has the market simply taken profits, or is it starting to question the sustainability of the AI spending cycle? The semiconductor ecosystem is feeling the pressure. Memory weak
The Compounding Machine: Why Dividend Taxes Aren't the Real Enemy
If you invest in Singapore or Hong Kong, you enjoy a massive structural advantage: 0% tax on dividends. Because of this, local investors often view dividends as "free money." But even when Uncle Sam or the taxman isn't taking a cut, paying out a dividend completely changes how a stock compounds. Let’s look at the math when a company earns $100 in profit and has to decide what to do with it. Watch What Happens to Each Half Assume the companys stock trades at a premiumsay, 4 times its book value (the net value of its physical assets). This is common for high-quality businesses with strong moats. The $40 Dividend: Thanks to the local tax laws, you get the full $40. No tax drag. But what happens when you try to reinvest it? To buy back into the same company, you have to pay the market pr
$Wal-Mart(WMT)$ $Walmart (WMT) Climbs +1.91%: Retail Giant Eyes $120 Breakout Amid Strategic Acquisition 📈 Latest Close: $WMT closed at $119.42 on 2026-06-24, up +1.91% (+$2.24). The stock is now ~11.6% below its 52-week high of $135.16. 💡 Core Market Drivers: The stock's rise is supported by news of a $1.4B strategic acquisition of Vibe.co, signaling aggressive expansion into digital/tech verticals. This move, coupled with a resilient consumer spending backdrop, is fueling positive sentiment. 📊 Technical Analysis: Volume was solid at 23.4M shares (Volume Ratio: 0.98). The RSI(6) at 52.75 has moved out of oversold territory, showing improving short-term momentum. However, the MACD remains negative (DIF: -1.64, DEA: -1.90), indicating the broader tr
$CHWY Rebounds 1.94% Off 52-Week Lows, Relief Rally Underway
$Chewy, Inc.(CHWY)$ $Chewy, Inc.(CHWY) Rebounds +1.94%: Bounces Off 52-Week Low, $18.0 Pivot in Focus 📈 Latest Close Data 🗓️ Closed at $17.85 on 2026-06-24, up +1.94% from the previous close of $17.51. The price is trading near its 52-week low of $17.40, significantly below its 52-week high of $43.84. Core Market Drivers ⚙️ The stock has been under pressure following its Q1 2026 earnings report, where strong results were met with profit-taking and analyst target price cuts (e.g., Piper Sandler slashed target from $48 to $30). Recent weakness in consumer discretionary spending and a cautious market outlook for the pet retail sector continue to weigh on sentiment. Technical Analysis 📊 Volume was 12.79M with a Volume Ratio of 1.19, indicating slightl
$PG Bulls Take Control, $160 Now Back on the Radar 🔥
$Procter & Gamble(PG)$ $Procter & Gamble (PG) Climbs +2.15%: Defensive Giant Holds Firm, Testing $151.37 High 📈 Latest Close Data: The stock closed at $150.86 on June 24, marking a solid +2.15% gain. It now sits just 9.8% below its 52-week high of $167.25. 📰 Core Market Drivers: The stock is benefiting from its defensive qualities amid recent market volatility, with investors seeking shelter in stable consumer staples. Recent positive catalysts include a strong quarterly report in May and a CFO's optimistic outlook for U.S. market growth. 🔧 Technical Analysis: Daily RSI (6) at 60.33 indicates bullish momentum is building without being overbought. The MACD shows a positive DIF of 1.64 above the DEA of 1.20, confirming a bullish trend. However
$CRM Rallies as AI Acquisition Fears Fade, $155 in Focus
$Salesforce.com(CRM)$ $Salesforce(CRM) Rebounds +2.20%: AI Acquisition Fears Ease, Eyes on $155 Pivot 🚀 Latest Close Data 📊 Closed at $153.42 on 2026-06-24, up +2.20% ($3.30). Still -44.6% below its 52-week high of $276.80. Core Market Drivers ⚙️ The rebound follows Monness upgrading CRM to "Buy" with a $200 target, countering recent fears over its $3.6B acquisition of AI agent firm Fin. The stock had suffered an historic 11-day losing streak on integration concerns. Technical Analysis 📈 Volume was 20.72M shares (Volume Ratio 0.81), indicating average participation. RSI(6) at 25.5 remains in oversold territory, suggesting potential for further relief. However, MACD (-6.37) and RSI(12) at 32.0 are still bearish, indicating the uptrend is not yet con
$ILMN Awakens: 2.20% Rally Puts $167 Breakout on Deck 🚀
$Illumina(ILMN)$ $Illumina (ILMN) Rallies +2.20%: Tech Giant Breaks Above Pivot, Eyes $167 Zone 🚀 Latest Close Data 📊 Closed at $164.93 on 2026-06-24, up +2.20%. Currently 6.9% below its 52-week high of $177.22. Core Market Drivers 🧬💡 Product Innovation: Recent launch of a high-sensitivity, distributed whole-genome sequencing solution for cancer MRD research is boosting sentiment in the precision medicine space. Sector Momentum: The broader life sciences tools sector has shown strength, with peers like Agilent also posting significant gains recently. Technical Analysis 📈 Volume: Healthy volume of 2.06M shares (Volume Ratio: 1.04) confirms the upward move. RSI: The 6-day RSI at 58.07 and 12-day at 59.02 indicate building bullish momentum without be
$ZM Could Surprise the Market if $90 Finally Breaks
$Zoom(ZM)$ $Zoom (ZM) Rebounds +2.50%: AI Workflow Platform Holds Support, Eyes $90 Resistance 🚀 Latest Close Data 📊 Closed at $86.445 on 2026-06-24, up +2.50%. The stock remains -24.7% below its 52-week high of $114.74. Core Market Drivers ⚙️ The rebound follows a series of volatile sessions, with recent price action driven by profit-taking after strong gains. The company's transition from a video conferencing tool to an enterprise AI workflow platform continues to be the core long-term narrative, supported by solid enterprise customer growth. Technical Analysis 📈 Volume was 3.91M (Volume Ratio: 0.73), indicating subdued activity. The RSI(6) at 28.62 is recovering from oversold territory, suggesting waning selling momentum. However, the MACD remain
$Anheuser-Busch Inbev SA(BUD)$ $Anheuser Busch InBev (BUD) Rises +2.67%: Beer Giant Nears 52-Week High on Strong Q1 Momentum 🍺📈 Latest Close Data 🕒 Closed at $82.99 on 2026-06-24, up +2.67% from the previous close. The stock is now just $1.47 (1.7%) away from its 52-week high of $84.46. Core Market Drivers ⚙️ The rally is primarily fueled by the company's stellar Q1 earnings, where both revenue ($15.27B) and EPS ($0.97) significantly beat expectations. Continued optimism surrounds the upcoming FIFA World Cup, expected to boost premium brand sales like Stella Artois in key markets. Technical Analysis 📊 Volume: Trading volume of 1.96M shares is healthy, with a Volume Ratio of 1.22, indicating increased buying interest. RSI: The 6-day RSI jumped to 66
$Expedia(EXPE)$ $Expedia (EXPE) Jumps +2.96%: Travel Giant Breaks Consolidation, Eyes $250 Pivot 🚀 Latest Close Data On 2026-06-24, EXPE closed at $245.07, up +2.96% ($7.05). The stock sits ~19.3% below its 52-week high of $303.80. Core Market Drivers The rebound follows a period of consolidation after a post-earnings sell-off in May, where strong Q1 results were overshadowed by a maintained full-year revenue outlook. The recent uptick aligns with a broader market recovery in tech and consumer discretionary sectors, suggesting a potential re-evaluation of its stable guidance amidst resilient travel demand. Technical Analysis Volume was solid at 1.69M shares (Volume Ratio 0.92), indicating steady participation. Key momentum indicators are turning b
$VZ Jumps 3%, Reclaims $46.7 as Bulls Target $48 Breakout
$Verizon(VZ)$ Verizon Communications Inc. (VZ) Reclaims $46.7, +3.02%: Defying Downgrade Pressure with Value Support 📈 Latest Close Data 📊 Closed at $46.73 on 2026-06-24, up +3.02% (+$1.37). The stock is now $4.95 (-9.6%) below its 52-week high of $51.68. Core Market Drivers 🧠 The stock rebounded despite the major news that $Alphabet(GOOGL)$ will replace Verizon in the $Dow Jones(.DJI)$ effective June 29th. This structural change, alongside ongoing industry headwinds for telecoms, created significant selling pressure, but strong buying interest emerged at lower valuations. Technical Analysis 📉📊 Volume was 23.02M shares (Volume Ratio: 0.70), indicating average part
$SE Rallies on AI and U.S. Expansion Plans, Bulls Eye $100
$Sea Ltd(SE)$ $Sea Ltd (SE) Rallies +3.09%: AI Chatbot & US Expansion Test Ignite Momentum, Eyes $95 Pivot 📈 Latest Close Data Closed at $91.79 (+3.09%) on June 24, 2026. The stock is now ~54% below its 52-week high of $199.30, indicating significant recovery potential. 🚀 Core Market Drivers Growth Catalyst: Sea announced testing of its AI chatbot "Migoo" and plans to expand into the US market, sparking optimism for new revenue streams. Sector Rebound: The stock recovered from a pre-market dip, supported by broader e-commerce sector strength (e.g., Amazon, eBay gains). Fundamental Support: Q1 Shopee GMV grew 30.2% YoY to $37.3B, underpinning the recovery narrative post-recent cost-cutting measures. 🔍 Technical Analysis Volume was 3.24M shares (V
$T Eyes $25 Resistance as Telecom Stocks Regain Strength
$AT&T Inc(T)$ $AT&T Inc.(T) Rebounds +3.21%: Telecom Giant Finds Support, Eyes $25 Resistance 🚀 Latest Close Data 📊 Closed at $22.81 on 2026-06-24, up +3.21% (+$0.71). The stock remains -23.4% below its 52-week high of $29.79. Core Market Drivers 📰 The stock rebounded from recent lows, with sector peers like Verizon also showing strength. However, competitive pressures in FWA (Fixed Wireless Access) and market share challenges from rivals like T-Mobile continue to weigh on long-term sentiment. Technical Analysis 📈 Volume was elevated at 73.6M shares (Volume Ratio: 1.17), confirming the bullish move. The RSI(6) jumped to 48.55, exiting the oversold territory (<30) and indicating a shift in short-term momentum. The MACD histogram shows a sli
$ETSY RSI Hits 76 as Bulls Challenge 52-Week Highs
$Etsy(ETSY)$ Etsy, Inc. (ETSY) Surged +3.24%: Approaching 52-Week High, $75 Breakout in Sight 🚀 📈 Latest Close Data Closed at $74.89 (USD) on 2026-06-24, up +3.24% (+$2.35). The stock is now just ~2.1% away from its 52-week high of $76.52. 💡 Core Market Drivers The rally is supported by recent analyst optimism, including Arete's upgrade to "Buy" with a $76 target in May. Strong Q1 earnings (beating estimates by 43%) and a positive market environment for niche e-commerce platforms are fueling momentum. 🔬 Technical Analysis Volume was 2.33M shares with a Volume Ratio of 0.66, indicating consolidation after recent gains. The RSI(6) at 75.72 shows strong bullish momentum but is nearing overbought territory. MACD (DIF: 2.98, DEA: 2.62, MACD: 0.72) rema