World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Avi Kapoor
September 26, 2024

As of Sept. 26, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

Here's the latest list of major overbought players in this sector.

Micron Technology Inc (NASDAQ:MU)

  • After the closing bell on Wednesday, Micron reported better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to Benzinga Pro. "Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time," said Sanjay Mehrotra, president and CEO of Micron. The company's stock gained around 7% over the past five days and has a 52-week high of $157.54.
  • RSI Value: 70.11                              
  • MU Price Action: Shares of Micron gained 1.9% to close at $95.77 on Wednesday.

Progress Software Corp (NASDAQ:PRGS)

  • On Sept. 24, Progress Software reported better-than-expected financial results for the third quarter. "This is a very exciting time for Progress. Our Q3 results were ahead of our guidance, and I am extremely pleased with our execution during the quarter," said Yogesh Gupta, CEO of Progress. The company's stock gained around 10% over the past five days and has a 52-week high of $65.84.
  • RSI Value: 85.64
  • PRGS Price Action: Shares of Progress Software rose 11.9% to close at $63.92 on Wednesday.

Zeta Global Holdings Corp (NYSE:ZETA)

  • On Sept. 23, DA Davidson analyst Clark Wright maintained Zeta Global with a Buy and raised the price target from $30 to $35. The company's stock gained around 18% over the past month and has a 52-week high of $30.47.
  • RSI Value: 71.60
  • ZETA Price Action: Shares of Zeta Global fell 2% to close at $29.63 on Wednesday.

Read More:

  • Top 5 Industrials Stocks That May Collapse In Q3

Continue Reading...

Popular

Bitcoin Dips To $92,000 As ETFs Record $917M In Net Inflows

Spot Bitcoin (CRYPTO: BTC) ETFs recorded a total net inflow of $917 million on April 23, marking four consecutive days of positive flows, fueled by macro relief and institutional demand.

Tariffs Could Sour Investor Sentiment For This IPO

U.S. accounted for 35.2% of this sweetener company's revenue last year. Looming tariffs could squeeze its profitability.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Apple: Market Structure And Key Support Levels Ahead Of Q2 Earnings

Apple Inc. (AAPL) is set to report its Q2 2025 earnings on May 1st, Let's see what the charts suggest so far in line with the Adhishthana Principles.

TSMC, ASML May Win The Chip War, Says Expert, But Nvidia And Intel Could Feel The Heat From Trump Tariffs

A semiconductor expert on AlphaSense broke down the industry's shifting dynamics with tariffs, trade wars, and other geopolitical uncertainties. While not named by the platform, the expert drew clear lines between those who are poised to win big amidst this chaos and those who stand to lose.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

TOKYO (AP) — Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won't dismiss of the U.S. Federal Reserve.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Trader Dumps TRUMP Tokens Before Presidential Dinner Revelation: Meal Cost Early Seller $4.5 Million

A trader missed making millions in profit due to the premature selling of Official Trump (CRYPTO: TRUMP) tokens ahead of a bullish announcement on Wednesday.

Trump Says Tariffs Could Replace Income Tax: Experts Warn The Math Doesn't Work

Trump suggests tariffs could fully fund govt. and eliminate income tax. Experts criticize, citing unrealistic numbers, economic harm.

The Big Texas Party No One Is Talking About... - Ad

Hundreds gathered to privately celebrate deep in Texas' brush country -- locals, state officials, energy insiders, a former U.S. Secretary of Energy, even George W. Bush. Why? Opportunity and MONEY. Not from oil or natural gas ... but an energy-packed METAL that's set to unleash a massive, new third wave of Texas energy wealth.

UAE offers free-of-charge portable desalination plants to cover arid Cyprus' summer water needs

NICOSIA, Cyprus (AP) — Cyprus will receive free-of-charge portable desalination plants from the United Arab Emirates to cover the tourism-reliant island nation’s water needs this summer as reservoir deposits are nearly depleted, officials said Thursday.

RFK Jr. Will Phase Out Artificial Food Dyes By End Of 2026: What It Means For Pepsi, Coca-Cola, General Mills

U.S. health officials announced Tuesday that the Food and Drug Administration will phase out petroleum-based synthetic food dyes by the end of 2026 in a major shift for the nation's food industry.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

DOGE trumpets unemployment fraud that government already found

NEW YORK (AP) — The latest government waste touted by billionaire Elon Musk's cost-cutting Department of Government Efficiency is hundreds of millions of dollars in fraudulent unemployment claims it purportedly uncovered.

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Here's a look at recent aircraft tragedies, mishaps and close calls

The killed all six on board — a physician couple and their accomplished children and partners — during a family trip to the Catskills.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Trump nominee withdraws after her criticism of the Jan. 6 Capitol attack surfaces

BILLINGS, Mont. (AP) — President Donald Trump's nominee to oversee an agency that manages has withdrawn her nomination following revelations that she criticized the Republican president in 2021 for inciting the Jan. 6 attack on the U.S. Capitol.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

China accuses US of unilateralism, protectionism and economic bullying with tariffs

BANGKOK (AP) — China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete actions” to resolve the tariffs.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Meet The New Income Machines: Simplify Debuts SBAR And XV

Simplify Asset Management launches two innovative ETFs designed to provide structured, high-yielding income with well-defined downside risk in today's challenging investing environment.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS' program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.

Mark Cuban Gets Real About What It Takes To Get Rich: 'Even When I Was Dead Broke Sleeping on the Floor, I Was Having Fun'

Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of wealth on personal relationships.

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service