$SpaceX(SPCX)$ Wall Street has been raising SpaceX price targets after a strong Q3 report. J.P. Morgan more than doubled its target, leading a wave of increases as brokerages updated their targets following SpaceX's results. Here's the list of firms that raised their price targets:
$SK hynix(SKHY)$ I expect a sharp recovery rally in Korean markets. Not sure if it happens tonight, but it seems very possible given that the Nasdaq recovered fully from a 1.4% drop in the early going. I expect a sharp recovery in SK Hynix shares, which should drive a further recovery in the ADRs.
$AST SpaceMobile, Inc.(ASTS)$ Starship being able to deliver ISS-sized payloads to orbit feels more like hype and hope right now. It's not that different from container shipping changing international trade. $SpaceX(SPCX)$ will leave everyone else behind, they have the truck while others are still moving cargo on bikes. $RCI Hospitality(RICK)$ strip clubs should outperform them all since free cash flow is what actually matters. I don't speculate, I invest. Also long $Micron Technology(MU)$ now.
$SpaceX(SPCX)$ One setup from last week, start to finish. Friday it ran from 149.34 to 159.84 and closed at 158.96. The plan for Monday: over 159.86, target 167.90, stop 149.34 at Friday's low. Monday it opened at 158.99, under the trigger, cleared 159.86 in the first half hour and hit 167.90 before 11 AM ET. It never came back near the stop and ran to 176.42 by Tuesday. Why it worked: the trigger was Friday's high, so clearing it meant Friday's buyers were still in charge, and the open was under the trigger, so no gap ate the move before the trade existed.
$Applied Optoelectronics(AAOI)$ I find it interesting how much negativity and hostility there is toward share issuance, often without much regard for why it's happening. There are good reasons for it, like expansion, growth, and meeting strong demand for a company's products, and there are red flags, like just keeping the lights on. AAOI issued shares for the first reason. Equity issuance and debt are really the only two ways to get the funding needed for growth and future profits. Every successful company in the market got there the same way. Nobody is giving money away. Listening to the investing community, you'd think they hate both forms of raising capital and just enjoy piling on companies that are trying to grow. AAOI has laid out a cle