Pinterest popped more than 2% on a UBS upgrade, citing “improving” advertising trends for the social network. Analyst Lloyd Walmsley raised his recommendation on the stock to buy from neutral and adjusting its price target from $27 to $35. In addition, Pinterest is trading at a discount to improving Sales and EBITDA.
Stocks Breaking Out
Bruker is printing a triple top, with its RS line rising to the highest point in 2023. With a 93 ranking, and threatening a break out, the stock shows up on the MarketSmith blue dot scan by default.
Should Bruker break above the recent highs, the chart suggests potential targets nearly 17% higher. The company garners a IBD SmartSelect Composite Rating of 92 while sporting a 13% EPS growth rate.
Dow Jones Industrials
Align Technology (ALGN), IBD SwingTrader stock Meta Platforms (META) and IBD LeaderboardPalo Alto Networks (PANW) — as well as Dow Jones stocks Cisco Systems (CSCO) and Nike (NKE) — are among the top stocks to watch in the ongoing stock market correction.
Pinterest – Stocks Breaking Out Scan
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