Star Bulk Carriers (SBLK:NASDAQ)

Star Bulk Carriers is an attractive company for investors, offering a 28% dividend yield and a payout ratio of 117%. This commitment to its shareholders was recently strengthened when it was able to successfully refinance around $430 million worth of debt in the face of increased interest rates, saving the company over $5 million annually. 

Taking its responsibility toward future profitability seriously, SBLK continues to explore new avenues for expanding margins with investments in energy-saving devices and telemetry. This investment in a volatile energy environment will likely prove beneficial for both shareholders and the company alike. We remain bullish on SBLK so long as the stock remains above $21.00-$22.00, with an upside target of $30.00-$32.00.

Caesars Entertainment (CZR:NASDAQ)

With the rapid growth of the sports betting market, Caesars Digital Division is uniquely positioned to capitalize on these emerging trends. Estimates predict 10% or more growth in this segment annually until 2029 – a huge opportunity for CZR. Moreover, with travelers and tourists returning to Las Vegas post-pandemic, there is pent-up demand which can benefit Macao and Singapore properties. 

The company is also continuing to invest in bricks and mortar presence; two new casinos are being constructed in Las Vegas. All signs point to a positive outlook for CZR as long its stock price remains above $35-$36 range. Bullish investors have set out an upside target at $65-$67 so the future looks bright for Caesars indeed.

BTC/USDT

Bitcoin may be forming its next higher low on the daily chart, where bulls will want to see $22,791 hold. 

If so, the next target will be $26,500. If we overlay the hash ribbons (which relate to miner profitability), the pattern suggests the market is shifting from bearish to bullish. As you can see, the blue buy signal has flashed which, historically, has had a high hit rate. 

Ultimately, all price action hangs on the current level holding as a higher low. Failure to do so would mean the price will most likely head back to the mid-range level at $21,000.

ETH/USDT

Bulls will want ETH’s current level to hold and form a higher low. If that happens, another push to $1,710 becomes increasingly likely.

But, if ETH takes out its current low at $1,558, the next target becomes the mid-range level at $1,400.