Image Source: Unsplash

Five Stocks of the Week

Technology Stock of the Week: Broadcom Inc. (AVGO)

Broadcom stock just triggered a textbook “buy the dip” setup as shares bounce off the 50-day moving average.

Broadcom Inc. (AVGO) designs, develops, and supplies a broad range of semiconductor devices and infrastructure software solutions used in data centers, networking, broadband, wireless, storage, and industrial systems. The company’s product mix offers diversification compared to pure AI chip plays like NVIDIA (NVDA).

Strong earnings and guidance recently pushed AVGO to the top of investor watchlists as AI chip demand accelerates. Shares pulled back 10% on renewed AI bubble concerns, but this looks like a healthy correction within a strong uptrend.

The $350 level - along with the 50-day moving average - is a key area of technical support. The stock has found a short-term bottom at both.

AVGO is up more than 95% over the past year, outperforming both the Nasdaq 100 and NVIDIA, which is up 33% in the same period. It’s been a silent outperformer.

A clean break above $365 would confirm momentum and set up a run toward the next target at $400.

(Click on image to enlarge)

Growth Stock of the Week: Oklo (OKLO)

Oklo remains one of the most compelling nuclear energy plays on the market right now.

The company’s building next-gen small modular reactors (SMRs) designed to power everything from data centers to defense bases with scalable, carbon-free energy.

Oklo’s earnings drop Tuesday, November 11.

Last quarter, the company lost $0.18 per share, missing the estimate of -$0.11. Oklo is still pre-revenue, meaning that the loss is expected by analysts. This is a discovery-phase company, and the earnings headlines aren’t what matter. What does matter is progress - regulatory wins, pilot programs, deployment partnerships. These are the headlines that will move Oklo higher.

Technically, shares have pulled back to the $100 level after hitting a high of $193.

That’s a sharp 50% retracement, a classic technical support zone. The psychological $100 level is also in play, plus a rising 50-day moving average sitting up at $120. This is where support should hold if the uptrend is still intact.

The long-term case hasn’t changed. Data center demand is exploding in places like California and Ohio, and the grid can’t keep up. Oklo fills that gap. This is a power infrastructure play with multi-decade upside.

Target: $200.

(Click on image to enlarge)

Stock Under $10 of the Week: NovaGold Resources (NG)

After a short 10% percent correction in gold, the precious metal is coming back to life as investors are still eyeing a target of $5,000 in 2026.

The quick correction in gold knocks smaller miners like NovaGold Resources (NG) as much as 30% lower as they trade with higher volatility than the physical metal itself.That 30% pullback is a short-term opportunity for nimble traders.

Novagold stock is trading more than 150% higher over the last year, displaying the leverage to gold prices of the small miners offer investors.Note that this volatility is a double-edged sword when it comes to gold hitting resistance and corrections.

For now, the trade on NG shares is clear based on its chart… a break through the stock’s 20-day moving average – currently located at $8.71 – should be followed by a move above $9.00 with follow-through to the stock’s recent highs of nearly $11. In all, a 25% rally from current prices.

(Click on image to enlarge)

Income Stock of the Week: American Electric Power (AEP)

Dividen yielding stock continue to see selling pressure of late with the iShares Select Dividend ETF forming a pattern of lower highs and lower lows.That said, there are a few attractive growth and income stocks out there including American Electric Power (AEP).

The utility operator is on track to return to its year-over-year revenue growth of more than 5% as the company’s operations expand to fit growing demand for energy from AI.AEP is among the companies increasing their output to serve data centers in various parts of the nation.

Unlike the DVY, shares of AEP trade are trading with a strong technical foundation.

The stock is trading at new all-time highs of $122 with shares holding a strong long-term bull market trend. AEP stock is trading even more strongly from a short-term perspective. AEP’s 20-day moving average just acted as strong support for the stock, indicating that the trading crowd is very active and bullish on its outlook.

Shares are currently more than 36% higher on a year-to-date basis, reflecting the demand for both income and “safe haven” stocks.

With it’s 3.5% dividend yield, strong cash flow and 36% return over the last 11 months, AEP shares round out to a nice growth stock with the benefit of a strong dividend.

(Click on image to enlarge)

Bearish Stock of the Week: Carnival Cruise Lines (CCL)

There’s a storm building in the consumer discretionary sector as investors pull out. The reason is simple: a weaker job market, higher prices, and a wobbly economy mean less spending on wants—like cruises.

Carnival Cruise Lines is caught in the middle. The stock recently slipped into a bearish technical pattern. Last week, CCL’s 50-day moving average turned lower as shares approach the 200-day trendline at $25.70. This bearish combination raises the risk of another 20% drop.

Earnings are expected on December 19 (unconfirmed), but guidance from Royal Caribbean (RCL) isn’t encouraging. RCL’s latest report included EPS guidance that was more than 5% below previous targets. A similar warning from Carnival would likely trigger downgrades from the still-bullish Wall Street analyst crowd.

Right now, the trend is working against Carnival. Bears have the edge. My preferred trade is the March 20, 2026 at-the-money puts, with a price target of $20 or lower. At current pricing, those options offer a potential 150% gain if the stock drops as expected before expiration.

(Click on image to enlarge)

More By This Author: