Utz Brands (UTZ:NYSE)

Bank of America’s food analyst, Bryan Spillane, shed light on a new trend that has snack companies rejoicing. Snacking is becoming more prevalent, and wholesome meals are taking a back seat to convenient bites throughout the day. This shift has the potential to bring major success to UTZ, a snack food company that recently partnered with Schnuck’s grocery stores. 

With all 112 stores now selling UTZ products, the company is in the perfect position to capitalize on this trend. As long as UTZ’s stock stays above $16.50-$17.00, investors can expect prices to rise to an impressive $24.00-$25.00.

Fortress Transportation and Infrastructure Investors (FTAI:NASDAQ)

FTAI, a leading aircraft leasing company, has reported strong Q1 results with the sale of 39 aircraft modules to 10 different customers, resulting in an additional $195.1 million in positive free cash flow. This financial success has provided FTAI with the resources to expand their business and make acquisitions- as seen with their recent acquisition of iAero Thrust. This acquisition is significant, as it is the only hospital maintenance and testing facility in the Americas dedicated to the CFM56 engine. 

As investors, we remain bullish on FTAI, but only so long as the stock remains above $24.50-$25.00- our upside target is $36.00-$37.00. Overall, FTAI’s exceptional Q1 results and strategic decision making make them a promising company to watch in the aircraft leasing industry.

TOTAL 1

Given that the crucial US FOMC meeting is coming Wednesday, when the TOTAL has dropped to test support at about $1.10T-$1.14T, we believe that the market may trade sideways over the following two days. 

If the TOTAL rises from here, the next level of resistance is around $1.18T to $1.20T, while a breach of the present area of support between $1.10T and $1.14T could cause it to fall to the next level of support between $1.03T and $1.06T.

DXY

The DXY has increased over the past three days from around 101.40 to 102.164. 

The stock and cryptocurrency markets have not been much impacted by the DXY’s gain over the past three days, but it is currently crossing a major ascending daily resistance line. 

If the DXY breaks higher, it might reach the next significant resistance at 102.50; however, if it is rejected in this region, it could fall to the following support at about 101.50. 

This Wednesday’s FOMC meeting will take place, and we anticipate that the results will have a significant impact on the DXY.