ATTENTION: serious investors
Trending Stocks: October 22nd
Our analysts have uncovered FIVE stocks that could double in 2024. Stock #4 is set to benefit from the rising demand for copper and other essential minerals in the green energy transition.
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Fitell Corporation
Ticker: FTEL
Price Target: N/A
Market Cap: $450.52M
Yearly Gain: 1,799.15%
P/E Ratio: N/A
Change 1W: 35.49%
Change 1M: 44.77%
Summary: Fitell Corporation is an online retailer specializing in gym and fitness equipment, operating primarily in Australia. The company offers both proprietary brands and other well-known brand names in the fitness industry. As a relatively new entrant to the public markets, Fitell has attracted significant investor attention.
Positive: Fitell is well-positioned to capitalize on the growing demand for home fitness equipment, a trend accelerated by recent global events. The company's strong online presence and diverse product offerings provide a solid foundation for continued growth in the expanding fitness market.
Negative: As a newly public company, Fitell has limited financial history and analyst coverage, making it challenging for investors to assess its long-term prospects accurately. The stock's dramatic price increase over the past year raises concerns about potential overvaluation and high volatility risks.
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Wolfspeed, Inc.
Ticker: WOLF
Price Target: $24.50
Market Cap: $1.95B
Yearly Gain: -50.66%
P/E Ratio: -3.38
Change 1W: 35.24%
Change 1M: 90.00%
Summary: Wolfspeed, formerly known as Cree Inc., is a technology company focused on Silicon Carbide and Gallium Nitride (GaN) solutions. The company provides materials, power-switching devices, and RF devices for electric vehicles, 5G networks, renewable energy systems, and aerospace applications.
Positive: Wolfspeed holds a leading position in the rapidly growing Silicon Carbide market, which is critical for electric vehicle and renewable energy sectors. The company's technology is well-positioned to benefit from the global shift towards more efficient and sustainable energy solutions.
Negative: Despite its strong market position, Wolfspeed continues to face profitability challenges and high cash burn rates. The company operates in a highly competitive semiconductor industry, which may pressure margins and require significant ongoing investment to maintain its technological edge.
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$2 trillion has disappeared from the US government's books.
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According to Dan Ferris, the banking expert who once predicted the collapse of Lehman Brothers, what the Federal Reserve is doing today will soon ignite a major market event that will catch millions of Americans off guard.
"Millions are about to be blindsided," says Ferris, "unless they take the time now to prepare."
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And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet.
And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.
The last time the U.S. economy looked like this, stocks didn't move for 16 years...And many investors lost 80% of their wealth in real terms.
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