{Bull Triggers} Market Signals are Pointing to a 'Summer Rip'

Here are stocks to take advantage of the coming Summer Rip! Unlock the Magic of Tomorrow's Tech Boom!  Discover the final technological frontier that early investors [can't afford to miss](. By clicking the link above you agree to periodic updates from WealthPress and its partners [(privacy policy)](  Signals Point to a Strong Summer for the Stock Market [Image]  Hello Stock Traders  According to Bank of America, we might be in for a "summer rip" - a rally that could lift markets, and hopefully our portfolios as well!  But before we start planning our victory dance, let's take a closer look at what the analysts are saying. Bank of America's technical strategist, Stephen Suttmeier, suggests that we might see a dip in the market in May, but that's actually a great opportunity for investors to buy before the rally begins. This sounds like the perfect time to grab some sunscreen and ride the wave of summer gains, right? Now, you might be wondering what's behind this prediction. Well, Suttmeier points to a bunch of technical indicators that hint at a bearish period before stocks start surging higher. He noted that the three-month VIX, which measures expected volatility, peaked below a ratio of 1.25 - a level that usually signals trouble for the S&P 500. But don't fret, this little hiccup is actually a good thing, as it sets up the stage for that sweet summer rally we've all been waiting for! But wait, there's more! The Dow Theory is also on board with this sunny forecast. This theory suggests that if one segment of the Dow Jones Industrial Average surpasses a previous high, we could see some renewed upside. So, keep your eyes peeled for those green shoots! How high can we expect the S&P 500 to soar? Well, Suttmeier estimates that it could gain as much as 5%, going beyond its previous highs of 4195 to 4325. If that's not enough to get you excited, I don't know what is! Now, it's worth noting that not everyone is on the summer rally bandwagon. Some big banks have been predicting more pain for the stock market, with weakening earnings and a slowing economy. JPMorgan even forecasted that stocks could tumble at least 15% if we were to face a mild recession. And let's not forget elite investors like Jeremy Grantham, who's predicting a potential 50% plunge in the market. So, who's right? Well, only time will tell. But as we gear up for the summer months, I'd say it's worth keeping an optimistic mindset and being prepared to make the most of any opportunities that come our way. After all, as the old saying goes, "life's a beach, and then you invest!" So, let's buckle up and see where the market takes us this summer.  Trade safe!  -James  Coming Up Next: Down but not out. Stocks that are down for now, but due for a big rally! Find out in the article below!   SPONSORED 🔽 Sponsored [This Trade Has Paid Out 99.1%]( We’ve made THIS simple trade over and over again… for years. The result? It’s cashed in winning trades 99.1% of the time. We call it the “310F Trade.” Getting into this “rinse and repeat” trade each Tuesday… could double your money by Friday. Sound too good to be true?[See how we’ve done it, week after week...for YEARS]( [Privacy Policy/Disclosures]( Beaten-Down But Not Out: Analysts Recommend Buying These 3 Stocks Let me tell you about the current market situation, and trust me, it's been quite an exciting trip lately. After last year's stubborn bear market, everyone was hoping for a strong bull rally this year. But, unfortunately, the market has been all over the place. I mean, it's like trying to predict the weather when there's a storm brewing. Investors are searching high and low for some clear signs, and guess what? According to Ryan Detrick from Carson Group, there are plenty of positive signs to be found. It's like a treasure hunt, but for market indicators! Detrick says he's been in the game for over two decades, and despite everyone screaming "recession!" and "stock market crash!", the data just isn't backing up those claims. In fact, he sees a bullish picture, with a healthy job market, strong technical signals, and an optimistic start to the year. So, let's dive into three stocks that might be in for a well-deserved bounce, according to some Wall Street analysts. These stocks have seen better days, with each being down by 50% or more, but they all have a Strong Buy analyst consensus rating and powerful upside potential. First up, let's talk chips - Semtech Corporation (SMTC), to be precise. They're a leading provider of analog and mixed-signal semiconductors and advanced algorithms. Despite a tough year with shares down 66%, Northland analyst Gus Richard sees a silver lining. He believes there are multiple catalysts moving forward, like new design wins and value creation from combining product offerings. Richard thinks that snapping up shares now could lead to a potential upside of ~54%. So, maybe it's time to say "chips, anyone?" Next on the list is Endava plc (DAVA), a London-based digital consulting firm that helps businesses modernize and stay competitive. Although their shares have dropped 51% in the past 12 months, Morgan Stanley analyst James Faucette remains optimistic. He believes that Endava is well-positioned to benefit from digital transformation trends, thanks to their digital engineering capabilities, strong hiring, and expansion with clients. Faucette rates the shares a Buy, with a price target suggesting one-year returns of 87.5%. Not too shabby, right? Last but not least, let's tune in to Gray Television (GTN), a TV broadcast company with a stronghold on the U.S. market. The company had strong 4Q22 results, but a weak outlook for Q1 has put a damper on things. However, Benchmark analyst Daniel Kurnos sees an opportunity here, with GTN looking more attractive from a valuation perspective. He believes that the stock is undervalued, with a Buy rating and a price target implying a potential upside of 141%. Now that's what I call a prime-time opportunity! To sum up, while the market has been a wild ride, there's still some hope for these three stocks. All of them have Strong Buy analyst consensus ratings, and each one has a promising outlook according to various Wall Street experts.  Happy trading!  Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit tradersontrend.com/terms for our full Terms and Conditions.  COE MEDIA.   1126 S Federal Hwy Unit #827   Fort Lauderdale, FL 33316 [UnsubscribeÂ](  [Privacy Policy](