La-Z-Boy (LZB:NYSE)

With the successful work through of a large backlog of orders, LZB experienced immense success in sales that far exceeded investors’ expectations. This achievement has now bought the company’s future orders back to pre-pandemic levels, creating favorable conditions for better planning. 

In addition, the company raised its dividend to $0.1815, with a ten-year average CAGR of 16%. We are highly optimistic about LZB as long as the stock remains above $26.00-$27.00 and have an upside target of $38.00-$40.00 in sight.

Embraer Aircraft (ERJ:NYSE)

Embraer had previously faced some difficult times in terms of its finances, but has since been able to tackle their balance sheet and secure a line of credit from Citi Bank worth $200 million. In addition, they have also recently secured a service agreement with the Philippine Airforce, along with talks with India to manufacture small jets. These events have resulted in even greater confidence that their net revenue forecast for 2023 will be as much as 27% higher than predicted. 

In correlation, analysts have become bullish on ERJ stock so long as it remains at a minimum of $12-$12.50. A further target has been set stating that the stock should rise up to $18-$19 for maximum returns.

ETH/USDT

ETH made a massive recovery over the weekend.

On Friday, it found support at $1,370, started rallying up and is now retesting the previous ascending daily support line – from December – as resistance. If it can break through the $1,600 resistance level, the next one is around $1,700. 

However, if the price gets rejected here, with a bearish retest of the previous daily support line, the next areas of support lie between $1,500 – $1,550, and at $1,400.

DYX

The DXY had been trading within a rising channel structure since the beginning of February, but on Friday broke down and out of that structure. 

If it continues moving down – which will be good for the markets – its next support levels are at 103.50 and 102.50. A move back higher from here would take the DXY to its next resistance zone at 104.50 – 105.00, followed by the 106.00 level.