Zebra Technologies (ZBRA: NASDAQ)

Zebra Technologies (ZBRA) is positioning itself as a leader in AI innovation, integrating AI into its solutions for enterprise asset intelligence and data capture services. This focus on AI is expected to open new growth avenues, giving the company a competitive edge as it rolls out these advanced technologies.

CEO Bill Burns highlighted a strong return to growth in enterprise mobile computing across multiple vertical markets, signaling that demand for Zebra’s products remains robust. This broad-based recovery indicates that Zebra is well-positioned for sustained growth as industries continue to adopt its solutions.

Zebra is also on track with its 2024 Productivity Plan and Voluntary Retirement Plan, targeting $120 million in annualized net expense savings. These cost-cutting measures reflect Zebra’s focus on improving profitability, which could result in stronger financial performance and potentially higher stock valuations.

We are bullish on ZBRA above $340.00-$345.00, with an upside target of $500.00-$510.00.

Commodity Sector Spotlight (Sector ETF: GLD/DBC)

The commodity sector is vast, covering everything from energy markets and agricultural goods to livestock and precious metals. This week, it’s important to focus on the right area within commodities. A key ratio to watch is the one between gold (GLD) and a broader basket of commodities (DBC), especially for those seeking exposure to hard assets. Currently, this ratio is signaling that gold is the stronger option.

Earlier this year, the ratio broke out of a rounding bottom pattern, but the bullish trend was already underway with a series of higher-highs and higher-lows favoring gold over other commodities. The critical point is that gold remains near its all-time highs, while many other commodities are still far from theirs. Focusing on relative strength is essential, and right now, gold is showing more resilience.

Ethereum (ETH/USDT)

Ethereum ended the week in red, falling by 6% after buyers failed to push it above the $2,800 resistance on Monday. Since then, sellers have taken control, and the current downtrend is steep, suggesting a possible retest of the $2,400 support level where buyers previously reversed the price.

For now, the momentum remains bearish, especially on lower timeframes, with Ethereum underperforming compared to other market leaders like Bitcoin and Solana, which have shown more resilience this week. Looking ahead, this support level will be crucial for a potential shift in trend if buyers return.

Solana (SOL/USDT)

Solana had a standout week, closing with an 11% increase and breaking above the key $164 level, placing it firmly in an uptrend. This momentum, supported by rising volume, suggests that bullish interest is intensifying, especially as Solana outperformed Ethereum, which faced difficulties over the same period.

With Solana now gaining attention, the $200 level is the current focus. It hasn’t been revisited since March 2024, and a return to this level would be a strong signal of market strength, further encouraging bullish sentiment. As long as the price remains above $164, buyers retain control, eyeing $200 as the next critical target.