UI is a near-term bargain AI stock that has pulled back, offering a buying opportunity.
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5 Dips to Buy as the Market Hits Record Highs | ft. The Fibonacci Princess
Navellier Market Buzz with Louis NavellierMay 10, 2026
The market is hitting record highs, but analysts are concerned about overheating and market narrowness. While some technical targets have been met, the overall earnings season is strong. The discussion touches on potential pullbacks and the importance of defining risk, with a general sentiment of staying bullish but cautious.
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Tickers discussed in this post
CIEN is a near-term bargain AI stock that has pulled back, offering a buying opportunity.
MNST is a buy with targets of 91 and 97, looking for support at 73-75.
Rocket Lab is a buy with targets of $111-$126, with a setup zone between $73-$78.
Tesla needs to hold the 400-day moving average to continue its upward move.
Tractor Supply Company is a strong business with a compelling pullback, making it a buy opportunity.
Bristol Myers is mentioned as a stock that has pulled back, alongside other retailers.
Home Depot is mentioned as a stock that has pulled back, alongside other retailers.
Raytheon is a strong stock that has pulled back nicely to the $170 area, presenting a potential opportunity.
Lockheed Martin looks weak on the daily chart but is showing a nice pullback on the monthly chart near Fibonacci support.
Palantir is identified as a struggling stock with potential risk around the $129-$131 area.
Qualcomm is noted as a strong stock that is pulling back, in line with other tech names.
AMD is mentioned as a strong stock that is experiencing a pullback, similar to Micron.
Micron is expected to be a bigger exclamate than Nvidia this earnings season.
Nvidia was previously the grand finale for earnings, but its role is now being overshadowed.