Two Stocks I'm Buying, Including One Analysts Expect to Double
I'm looking for interesting setups to trade amid a 'thin and slow' market.
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Market action is thin and slow on Tuesday morning, but has a positive bias with breadth running close to 2 to 1 positive. August Consumer Confidence was stronger than expected, and the July number was revised higher.
Rotational action is back on track with the Russell 2000 IWM leading with a gain of 0.75% while the Magnificent Seven ETF MAGS is lagging with a loss of 0.15%. Bitcoin IBIT continues to struggle, but there are a few pockets of speculative momentum. The list of stocks moving up more than 10% is very short, although growth stocks in the Innovator IBD 50 FFTY ETF are up more than 1%.
I’m not making any big moves, but I am looking for interesting setups to trade. One name I added this morning is EOS Energy EOSE. EOS is developing a battery energy storage system for long-duration storage. It uses zinc-based technology, which is generally considered a better alternative than the traditional lithium-ion battery. The company is currently ramping up production.
What caught my eye about EOSE is the chart. It is testing the top of its recent trading range around $6.75, but could use a bit more volume. It is in the right niche and is in good shape for an attack on the $7 level.
Another stock that I’m watching closely and slowly accumulating is Harrow Health HROW. Harrow is a profitable and fast-growing eyecare pharmaceutical company. This is one of my favorite plays going into third-quarter earnings. The company is expecting to see EPS jump 371% from $0.38 in 2025 to $1.79 in 2026. Analysts are very bullish with an average target price of $76, which is a double from current levels.
I’ve been actively trading HROW and will be using volatility to ramp up my position in the months ahead. It trades a bit thin and can be choppy.
I also like the looks of data center play Nebius Group (NBIS), which is showing very good relative strength. It is likely to be a mover on the Nvidia NVDA earnings report Wednesday night.
The market may be a bit dull, but there are a few interesting charts while we watch for developments.
At the time of publication, Rev Shark was long NVDA, EOSE, HROW and NBIS.
