Group 1: Pinterest - Pinterest is currently trading down more than 20% year-to-date and has earnings coming up this week [3][11] - A bullish outlook is suggested with a potential upside target near the 50-day moving average around $25.50, with a call spread strategy proposed [4][5] - Analysts remain optimistic, with about 70% of those covering Pinterest still holding a bullish stance ahead of the earnings event [11] Group 2: Micron - Micron's shares have quadrupled in value over the last 12 months, but there has been a recent aggressive decline of over 10% [12][14] - A "buy the dip" strategy is recommended, with a focus on selling a put spread to establish a line in the sand at $365 [13] - Key technical levels include recent lows at $365 and $345, with moving averages indicating potential breakout points [15][16] Group 3: Valero Energy - Valero Energy has been steadily moving upward due to increased energy demand and geopolitical risks, but is now considered overbought [20][21] - A bearish outlook is suggested with a put spread strategy, indicating potential for a quick downside move if market conditions ease [21][24] - Technical analysis shows notable resistance levels around $204 and $200, with significant volume areas identified near $185 [24][28]
The Big 3: PINS, MU, VLO