Mastercard Could Rise Further
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After a hot fall, a spring tornado could wreak havoc in France
Barely half a year after this year’s French budget was passed, the wrangling over the 2027 budget is about to begin, but that’s not all, because France will also hold a presidential election next spring. During the first public presidential debate, some of the radical candidates put forward ideas that were, at times, unconventional. Although the presidential election in late April still seems far off, based on the latest polls, if no candidate secures enough votes and a runoff is held, it cannot be ruled out that two radical presidential candidates will face off against each other. Market participants may have begun to price in this growing uncertainty, as the yield spread between French and German 10-year government bonds has started to widen again in recent weeks. The period ahead promises to be full of twists and turns, so it will be worth keeping a close eye on developments in French domestic politics.
Commodities - Technical Analysis
Gold and silver prices have retested their uptrend lines, so the long-term trend may continue. Oil prices have broken out of a contracting pattern, which may signal the start of another upward wave. Natural gas prices have also begun to rise, signaling a buy. In the case of copper, the main uptrend remains in effect, and there are currently no signs indicating a change in the trend’s structure. Following significant gains, wheat and corn have become heavily overbought, increasing the likelihood of a correction.
Major U.S. indices are trading in a narrower range but are still in an uptrend. Rotation toward lagging sectors continues, with many stocks attempting to break out of their corrective trends and resume their upward momentum. We’ve selected two of these that could enter a more sustained uptrend following a breakout. One is Mastercard, an American multinational payment technology and financial services company that operates one of the world’s largest credit card networks, while the other is Zebra Technologies, an American technology company primarily engaged in the development of barcode scanners, label printers, mobile data collection devices, RFID systems, and enterprise automation solutions.
Best rated US stocks based on momentum ranking
Compelling technical picture:
Matercard (daily): Last week, the market began a explosive, trend-like rally after closing above 500. It seems to have gotten a little out of hand, but since the structural shift has already occurred, buyers can look for opportunities at more favorable levels during pullbacks (below 520). The minimum target price based on the previous high could be around 600, but there’s also a chance of new highs with a target price around 625.
Zebra Technologies (daily): It broke out of its downtrend in recent days, leaving a gap behind. A minor retest here would also provide a more favorable entry point, but even at current prices, there is potential for a decent upside return. Target prices could be in the 343–375 range, which corresponds to previous breakout levels. A close below 250 would be a failure.
List of stocks with a chance of a turnaround in the coming weeks
Most popular US stocks
The momentum model supports the creation of a technical based stock list that helps to find shorter-term trading opportunities. The model can be used to identify stocks that show reversal signals following more sustained falls/underperformance. We examine one-year, six-month, three-month, one-month and five-day momentum values, which are used to rank the stocks under consideration. The higher a stock is ranked in the order, the better it technically performs relative to the others. The change in the ranking over time is used to determine the life cycle of the stock.
- In the first table, we collect the stocks that show the most attractive picture compared to the others in a given week based on momentum factors, of which those are also presented in a separate chart where a favourable situation can be identified based on additional technical analysis tools.
- In the second table, we list the stocks that are already worthy of being placed in watchlist status. They are not among the best performers, but they have the potential to improve and signal a turnaround in a few days or weeks.
- In the third table, we have also collected the more popular stocks to help identify their position in the momentum order.
The report shows the results of a technical - quantitative based stock screening, which does not examine the fundamental background/value of the companies. For this reason, risk management/position sizing rules should be designed accordingly.
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