ATI’s $1.2B Commitments Lead to Richland Facility Expansion | Robinhood’s Revenue Soars with Crypto Market Surge

Allegheny Technologies (ATI:NYSE)

ATI has recently secured a significant amount of aerospace and defense commitments from various companies, totaling around $1.2 billion. This impressive figure is expected to generate approximately $200 million per year in revenue between 2024-2029. To meet the increased demand, ATI is expanding its titanium melt facility in Richland, Washington at a cost of around $28 million. The expansion will increase capacity by 35%, allowing ATI to meet the new orders and gain market share. 

As the demand for reshoring picks up momentum across North America and Europe, the company is in an ideal position to capitalize on the trend. With our bullish outlook on ATI above $38.00-$39.00, we anticipate an upside target of $52.00-$54.00, making it a profitable investment opportunity.

Robinhood Markets (HOOD:NASDAQ)

HOOD 2023 07 14 19 49 47 ATI's $1.2B Commitments Lead to Richland Facility Expansion | Robinhood's Revenue Soars with Crypto Market Surge

The recent surge in the cryptocurrency market has brought good news for Robinhood, as 18% of its transactions are crypto-based. This statistic opens up potential opportunities for the company to earn higher revenue in the near future. On top of that, the risk of regulation has decreased as well, with the SEC showing less interest in banning payment for order flow transactions. Robinhood’s innovation in offering zero-commission trades has set it apart from other companies in the financial sector.

Considering all these factors, there’s reason to be optimistic about the future of HOOD. Our projection is that the stock will continue in a bullish trend and may reach $14.00-$15.00 soon.

ADA/USDT

ADAUSDT 2023 07 14 20 05 40 ATI's $1.2B Commitments Lead to Richland Facility Expansion | Robinhood's Revenue Soars with Crypto Market Surge

We saw an exciting surge yesterday, with many altcoins skyrocketing in value. One coin that particularly turned heads was ADA, which soared by nearly 30% in just one day. With the price rising from $0.2860 to a peak of $0.37, traders were certainly happy to see this burst of momentum. 

However, the price has dipped since then and is currently trading at around $0.35, having reached the crucial $0.33 – $0.35 support zone. This could be a perfect opportunity for the coin to stabilize and prepare for further market growth, potentially reaching levels as high as $0.40-$0.42. With a decline in Bitcoin Dominance, many traders predict that this could mark a shift of money towards alts like ADA. As always, only time and market trends will tell.

FTM/USDT

FTMUSDT 2023 07 14 20 11 58 ATI's $1.2B Commitments Lead to Richland Facility Expansion | Robinhood's Revenue Soars with Crypto Market Surge

Cryptocurrency enthusiasts are keeping their eyes glued to FTM, as it rallied an impressive 17% in the last day alone! Starting at a modest $0.2720, it soared all the way up to $0.32, where it encountered the dreaded $0.32 – $0.335 resistance zone. The question that’s on everyone’s mind is: what will happen next? We anticipate that the price will stabilize in this area, or even potentially decline to test the next support zone at $0.285 – $0.295. 

However, if FTM successfully revisits the $0.32 – $0.335 resistance area and then challenges the next resistance at $0.35 – $0.36, it could be looking at a substantial upside. The future of FTM looks bright, especially if altcoins continue to surge over the coming weeks.