Good morning,
This week, we’re featuring stocks that have BETA!!
And by that I mean, some of the most volatile, high-flying stocks that traders, speculators, and aggressive investors have flocked to in 2024.
I’ll highlight:
4 hitting new highs
4 with high-upside potential
and 4 to avoid, as the trend has turned lower
We’ll also check in on recent earnings movers, S&B 20 stocks hitting new highs, and more!
Beta! 4 hitting new highs
CAVA: Cava Group
That’s 52-week absolute and relative highs for fast-casual Mediterranean restaurant group, Cava. Textbook uptrend.
MNDY: Monday.com
Monday.com was a 2024 Base Finder stock and it broke through the $251 level with a 14% gain last Monday. It has held onto gains and not looked back; $251 could be used as a stop for new money.
PLTR: Palantir
Big ups to reader who sent in a Mailtime chart request for Palantir in mid-June along with their long thesis. The stock is up a cool 26% since then, but most importantly, is now through a significant resistance range. At this point, just hang on.
RACE: Ferrari
I wouldn’t chase Ferrari here with an RSI-14 over 76 but this is a great chart. Pauses and pullbacks of any magnitude should be viewed as opportunities to get long.
Beta! 4 with high-upside potential
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