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Dear Fellow Investor,
Some of the most ridiculously oversold stocks are on sale.
Company: Chipotle (SYM: CMG)
Look at $68 billion Chipotle (SYM: CMG).
For one, Chipotle director Mauricio Gutierrez paid $500,000 on March 5 for 9,400 shares, an average price of $53 each. Two, the stock is now technically oversold on RSI, MACD and Williams’ %R. Three, CMG is starting to bounce from triple bottom support.
And, analysts at Loop Capital just upgraded the beaten-down stock to a buy rating with a price target of $65 a share. “Chipotle has a very manageable risk to the recent escalating tariff situation since CMG sources only ~2% of its total inputs from Mexico, mainly including avocados,” said the firm, as quoted by CNBC. “To this end, over the last couple of years the company shifted a significant portion of supply to other Latin American countries and currently sources approximately one-half of its avocados outside of Mexico.”
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Company: Advanced Micro Devices (SYM: AMD)
Advanced Micro Devices, a $163 billion tech giant, hasn’t been this oversold since late October. It’s also severely over-extended on RSI, MACD and Williams’ %R.
Advanced Micro Devices is also benefiting from the surging demand for AI, data centers and chips. Also, according to Wedbush analyst Dan Ives, the Trump Administration is looking to focus on strengthening the U.S. position in artificial intelligence. "We would expect significant AI initiatives from the Beltway within the U.S. that would be a benefit for Microsoft, Amazon, Google, and other tech players," Ives said, as quoted by Investors.com. “Under a Trump Administration we would expect major AI initiatives within the U.S. government including the Department of Defense that would also be a major tailwind (for) AI players.”
Brownstone Research
Five Stocks for Trump's Stargate Project: Buy them before March 18th
Sam Altman, the CEO of OpenAI and the creator of ChatGPT…
Called Stargate “the most important project of this era."
And according to Jeff Brown, the tech legend who picked Nvidia in 2016, before shares exploded more than 20,000% higher…
It could send these five AI stocks exploding higher… as early as March 18th.
If you missed out on the massive gains from Nvidia…
This could be your second (and perhaps LAST) chance to profit from this AI boom.
Company: Alphabet (SYM: GOOG)
Bank of America reiterated a buy on Alphabet, raising its price target to $225 from $210.
The firm noted, “With search still far overshadowing value of other businesses, we view 2025 as a pivotal year, which could help establish Google as either an Al leader (via AI Overview traction) or see elevation in search disruption risk.”
Technically, GOOG is consolidating at around $166 a share at the moment. From here, we’d like to see it break higher with an initial retest of $200 a share.
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Are you expecting more volatility in the market or do you think the pullback is over? Are there any other oversold stocks you're looking at right now? Hit "reply" to this email and let us know!
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