Pinterest (PINS:NYSE)

The recent surge of Pinterest users, especially in the United States, due to strong social commerce growth has paid dividends for the company. Comps are expected to only continue to grow in the foreseeable future with Headquartered in San Francisco, PINS relies heavily on the development of Artificial Intelligence (AI) technology to deliver its customers personalized visual content. 

The focus on AI within fashion, beauty, cooking and home decor has made Pinterest a popular choice amongst many of its users. At present my outlook on PINS is positive providing it remains above $17.50-$18.00 as I have an upside target of $32.00-$34.00 which I believe can be achieved over time.

Rocket Lab USA (RKLB:NASDAQ)

The company RKLB has a great diversification of revenue sources that could open up tremendous potential for growth. With one third of its revenue coming from the stable space systems business, and the rest from rocket launches, there is a good mix of secure income and potential for growth. 

In addition to this, RKLB has recently been awarded two new contracts with worth $14 million for providing satellite separation systems to companies building Space Development Agency’s Tranche 1 Transport Layer satellites. Overall based on these promising signs I am optimistic about share prices in the short term, especially if they remain above $4 – 4.10 with an upside target in mind of around $7.50 – 8.00 per share.

SOL/USDT

SOL performance has soared over the last few weeks, putting it comfortably at the top of our list as the highest performing cryptocurrency for the third week in a row. Nevertheless, we’re seeing signs that its skyrocketing bull run may be waning: the buy volume is trending downwards, and buyers were rejected when price tried to push through $26 resistance. 

This suggests that sellers are taking initiative and that a corrective move may be underway. For this reason, those looking to protect their investment should aim to set orders near $18 and $15, which are expected to offer strong support if SOL begins to pull back significantly.

DOT/USDT

Polkadot also registered an impressive rally in January, booking an 11.3% increase just this past week. Buyers also attempted to break above $6.

Since the start of 2023, DOT’s price went from $4 to $6. This was triggered by a breakout from a falling wedge represented in blue on the above chart. Falling wedges are usually a bullish structure, and in this case, the rally played out as expected.

The main challenge for DOT is to hold above $5 and use that as a pivot for a higher valuation later on. Sellers appear keen to stop the price at $6, so bulls will have to regain their strength around the key support level if they hope to continue this rally.