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The government shutdown might be ending soon and my Hoosiers just pulled off a nail-biter against Penn State — so things are looking up! But with the market still at a bit of a standstill, I decided to do something different today.
Instead of reviewing stocks reporting earnings tomorrow, I pulled up charts for companies featured in Jim Cramer’s “Top 10 Things to Watch” list from CNBC. These are stocks catching analysts’ attention — and I wanted to see how their price, time, and momentum look through my technical lens.
🔍 Highlights
1️⃣ Nvidia (NVDA)
Citi just hiked its price target from 210.00 to 220.00. And my technical forecast points to 214.34 by November 19 — interestingly, right around their earnings date of November 18. The RSI is lifting from the Bull Support Power Zone, confirming room for strength.
2️⃣ Taiwan Semiconductor (TSM)
This stock’s been cooling off after overbought conditions from October 6th. My forecasting techniques show potential to reach 302.85 by November 20, which is still below the November 3 high.
3️⃣ Eli Lilly (LLY)
Leerink upgraded it from Hold to Buy with a new target of 1,104.00 (up from 886.00). On the chart, though, it’s stretched — pushing against August 2024 resistance and very overbought in the RSI Power Zones.
4️⃣ Illumina (ILMN)
Piper Sandler raised its price target to 195.00 from 185.00, but I see long-term resistance between 150.00–155.00 that needs clearing first. The stock’s consolidating, working off a recent RSI peak.
5️⃣ DraftKings (DKNG)
Deutsche Bank cut its target to 33.00 from 37.00, and Stifel lowered theirs to 46.00 from 50.00. Still, I’m with Cramer — there’s room for recovery toward 43.00–45.00 over time. Any pullback to around 29.00 could be attractive.
6️⃣ Walmart (WMT), Target (TGT), Lowe’s (LOW), and Home Depot (HD)
Retail’s struggling ahead of earnings.
- Walmart: Needs to hold above its August 26 low to avoid further trouble.
- Target: Weak; could slide toward 80.00 if it stays below the October 28 high.
- Lowe’s: Projected support near 219.00–220.00.
- Home Depot: Trend line already violated; could revisit the 350.00 area if it loses 385.00.
💡 Final Thoughts
Today’s scan was a little different — looking at stocks analysts are talking about right now, not just those reporting earnings. It’s always interesting to see how these headlines line up (or don’t) with what the technicals are showing on the charts.
I have no current affiliation with CNBC — I just find it useful to blend what’s being said in the “fundamental world” with what’s happening in price, time, and momentum. It’s a great reminder that there’s often more going on beneath the surface than an analyst rating or target can capture.
We’ll be back on earnings coverage soon, especially with big ones like Nvidia coming up next week. If this kind of blend between fundamental stories and technical setups helps you learn or reinforces your process, go ahead and hit that 👍 button — and I’ll catch you in the next video.
~Hima
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