Academy Sports & Outdoors (ASO: NASDAQ)

Academy Sports & Outdoors (ASO), a sporting goods and recreational product retailer based in the United States, has a strong presence with 270 locations in the South and Southeast. The company is eyeing substantial growth, aiming to add 120 to 140 stores in current and adjacent states by 2027, which represents a 44% to 52% expansion.

One notable aspect contributing to the bullish sentiment is ASO’s share buyback strategy, with the company repurchasing 15% of its outstanding shares over the last three years. Share buybacks can enhance shareholder value by increasing the ownership stake of remaining shareholders.

Given these factors, the outlook for Academy Sports & Outdoors is positive, and the recommendation is bullish on ASO above the $56.00-$57.00 range, with an upside target set at $94.00-$96.00.

Celsius Holdings (CELH: NASDAQ)

Celsius (CELH), a global beverage and liquid supplement company, has exhibited remarkable growth, seizing market share aggressively since 2020. The company’s revenue has surged from just over $50 million in 2019 to an impressive $1.1 billion over the past year, marking a staggering 23-fold increase in a relatively short period.

PepsiCo’s recent investment in Celsius, coupled with its integration into PepsiCo’s extensive distribution network, underscores a significant vote of confidence in CELH’s future prospects.

The company’s financial performance is robust, with revenue outpacing expenses, leading to substantial earnings growth. Analysts project Celsius to achieve earnings of approximately $0.75 per share in 2024.

Given these positive indicators, the recommendation is bullish on CELH above the $52.00-$53.00 range, with an upside target set at $88.00-$90.00.

Bitcoin (BTCUSDT)

On Friday, Bitcoin (BTC) experienced a retracement, dropping from approximately $46,300 to $40,800 before finding support and currently trading at $42,600. The analysis anticipates a potential upward movement for BTC in the next day or two.

The projected upward trajectory for BTC is associated with the next resistance levels, with the initial resistance range situated at $44,300 – $44,800. There’s also a possibility of encountering resistance around $46,000.

The analysis suggests that during this time, cash might start flowing into the broader altcoin market, and certain altcoins are expected to outperform BTC. In the event of further retracement, notable support zones for BTC are identified at $40,100 – $40,700, followed by $38,000 – $38,400.

Polkadot (DOTUSDT)

Over the last three weeks, Polkadot (DOT) has undergone a retracement, decreasing from $9.60 to its present trading price of $7.52.

The analysis points out a current support range at $7.00 – $7.30. The anticipated scenario suggests that if the price of Bitcoin (BTC) stabilizes or begins to ascend, there could be an expectation for Polkadot (DOT) to test the resistance area in the range of $8.00 – $8.50 once again.