Symbotic (SYM: NASDAQ)

Symbotic (SYM), a prominent robotics and automation technology company, has recently entered into a strategic joint venture with SoftBank to establish Green Box. This new entity is positioned to offer warehousing-as-a-service utilizing Symbotic’s advanced systems. The potential value of this venture is estimated to exceed $350 billion, making it a substantial revenue driver for SYM over the next 3-5 years.

Symbotic is recognized as a leader in next-generation warehouse-robotics software, leveraging artificial intelligence (AI) to enhance the intelligence and efficiency of machines. This places the company at the forefront of the AI revolution in the field of warehouse automation.

Considering these developments, the recommendation is bullish on SYM, particularly above the $38.50-$40.00 range, with an upside target set at $64.00-$66.00.

Apple Inc (AAPL: NASDAQ)

Evercore analyst Anit Daryanani suggests that the current concerns and fears surrounding Apple’s stock ahead of its upcoming fiscal-first-quarter earnings could present a tactical buying opportunity for investors. Although Apple shares have experienced some volatility, Daryanani maintains an Outperform rating on the stock and sets a target price of $220.

Daryanani believes that even if Apple doesn’t surpass expectations in its forthcoming earnings report, the stock could still benefit. He emphasizes that buy-side expectations may be below the current consensus, and achieving an in-line quarter could drive upside, particularly if Apple can highlight strong iPhone performance in China.

As of the premarket trading session, Apple shares were up 0.3% at $189.10. While the stock has seen a year-to-date performance boost following a technology-stock rally, it continues to trail behind some of its tech peers. The December-quarter earnings report is scheduled for February 1.

Ripple (XRP/USDT)

XRP faced a challenging week, experiencing an 8% decline and reaching a crucial support level at 54 cents. The price is now at a critical juncture, with the onus on the bulls to demonstrate their ability to halt the ongoing downtrend.

Although the overall momentum remains bearish, the 4-hour timeframe indicates that XRP is currently oversold based on the RSI and MACD indicators. This oversold condition suggests a potential reversal or bottoming out, supporting the case for a turnaround in the near future.

Looking forward, the key for XRP’s recovery will be to maintain stability around the current support level. A failure to hold this level could prompt buyers to withdraw, potentially leading to a decline below the 43 cents support.

Cardano (ADA/USDT)

Cardano (ADA) experienced a challenging week, concluding with a 14% loss. The prevailing price action continues to exhibit bearish tendencies, and buyers are encountering challenges in halting the downward trend.

The resistance at 60 cents has proven to be resilient, allowing sellers to gain momentum. If this pattern persists, there is a possibility that the price could decline further to test the 46 cents support.

In the upcoming period, ADA’s price action is anticipated to maintain a bearish trajectory, and a shift in sentiment will only materialize if bulls successfully intervene to counteract the ongoing downtrend.