Tapestry (TPR: NYSE)

Tapestry (TPR), a luxury accessory brand, is discussed in relation to recent developments, including a groundbreaking deal with Amazon to sell Coach bags on the eCommerce platform. The potential impact of this deal is seen as significant, potentially attracting a new generation of customers to the brand.

In addition, Tapestry announced plans to acquire Capri Holdings for $8.5 billion in 2023, with expected synergistic effects that could materially impact the company’s top line by Q1 2024. The merger is considered a strategic move to enhance growth.

The analysis expresses bullish sentiment on Tapestry (TPR), suggesting an entry above the $39.00-$40.00 range, with an upside target set in the $66.00-$68.00 range. Tapestry’s record revenue of $2.1 billion for the second quarter of fiscal 2024 and the anticipation of stable long-term growth contribute to the positive outlook for the fashion retailer.

Kroger (KR: NYSE)

Kroger (KR), a food and pharmaceutical retailer in the United States, is highlighted for its strategic investments in e-commerce channels, particularly during the pandemic. The company is expected to benefit from both its online presence and a potential return to in-store shopping in 2024. Kroger’s focus on personalization, as evidenced by a 29% increase in digital coupon downloads, enhances customer relationships, loyalty, and engagement.

The analysis emphasizes Kroger’s e-commerce success, with a significant increase in digital household customers and a 12% growth in e-commerce sales during the third quarter of 2023. The company’s robust revenue growth is attributed to these factors.

Kroger’s dividend yield of 2.3% is highlighted as attractive, especially compared to the S&P 500 index’s 1.6% dividend yield. The quarterly dividend per share has more than tripled over the past 10 years, making KR appealing to investors seeking both growth prospects and high dividends.

The bullish sentiment on Kroger (KR) suggests an entry above the $42.00-$43.00 range, with an upside target set in the $58.00-$60.00 range.

Sei (SEIUSDT)

It appears that SEI has entered a “price discovery” phase and is presently testing a resistance area within the range of $0.77 to $0.83. Your strategy involves adding to your position in this resistance area, anticipating further upside over the next couple of weeks.

To implement this plan, you aim to ladder into your spot position between $0.77 and $0.83. The next targets for taking profits are set at $0.96 to $1.00, representing potential areas of resistance where you anticipate positive price movements.

To manage potential losses, a well-defined stop-loss order has been established. The stop-loss is positioned just below the white support line, slightly below the $0.70 price point. This risk management measure is intended to safeguard your position from significant downturns and aligns with sound trading principles.

Pyth Network (PYTHUSD)

The analysis of PYTH indicates that it’s currently building a support structure at $0.649 and may be gearing up for the next upward movement, targeting the resistance at $0.797. A crucial level to watch is $0.687, which has previously served as a pivot point. The success of the current move may depend on PYTH’s ability to claim and hold this level.

If PYTH is successful in claiming and holding $0.687, the potential target is the resistance at $0.797. On the flip side, in the event of a drop, there’s a possibility it could head to $0.535, which serves as a lower support level.

Monitoring the price action around these critical levels and being responsive to market dynamics is essential. Technical analysis, coupled with a thorough understanding of support and resistance levels, can provide valuable insights for informed decision-making in the cryptocurrency market. As always, it’s crucial to stay vigilant to potential changes in market conditions and adjust strategies accordingly.