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Stocks This Month: Buy V.F. Corporation And Atlassian
TEAMAtlassian (TEAM) Forbes·2025-02-16 17:00

Group 1: Market Overview - The S&P 500 is targeting the 6200-6300 area, while the NASDAQ Composite is expected to rally to 20500, indicating a positive market outlook [1][2] - The correction in the market has primarily affected large-cap technology stocks, which have influenced the indices and caused erratic trading since December [2] Group 2: V.F. Corporation - V.F. Corporation specializes in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories [3] - The stock has shown a reversal from a downtrend, with relative strength increasing for over six months, indicating bullish momentum [3] - Historical data suggests that the stock has risen 84% of the time from January 27th to April 5th over the last 44 years, with a potential price target of 4040-45 by year-end [3] Group 3: Atlassian Corporation - Atlassian Corporation designs and maintains various software products globally, and its stock is currently in an uptrend [4] - The stock has formed a base since late 2022, with relative price breaking downtrend lines, suggesting it is still a good buying opportunity [4] - The monthly cycle indicates potential price swings but forecasts a higher close by year-end, with a target range of 360-400 by June [5]