Rahul Nambiampurath’s AI‑Fueled Stock Stalk
Trading.biz’s sharp‑eyed analyst, Rahul Nambiampurath, is on the hunt for stocks that could surge as the AI frenzy continues to roll through Wall Street. His current focus? Not a dragonfly—just ServiceNow, the cloud‑software powerhouse that’s already chewing through investor curiosity.
Why ServiceNow is All‑In for 2024
Rahul points to the Q4 2023 earnings report (released on January 24, 2024) as the green flag that signals confidence and credulity in the company’s growth path.
- Subscription Revenue Goal: An eye‑catching $10.575 billion for the whole year – a bump of almost 22% higher than last year.
- Operating Margin Forecast: 29% non‑GAAP – nearly 3% above what the consensus expects.
- Gross Margin Prediction: Roughly 84.5% – which not only slashes the competition but also outshines Wall Street estimates.
What the Numbers Say
ServiceNow’s projected figures suggest the company is not just a good invest; it’s a challenge‑playbook for the short‑ to mid‑term market. Rahul calls it “optimistic” – because, in a world buzzing about AI, a company that can keep the numbers glowing is worth more smiles than frowns.
Bottom Line
In Rahul’s words, “these strong guidance figures make ServiceNow a relatively optimistic buy for the short‑to‑mid‑term.” So, if you’re looking to ride the AI wave, put a clear‑cut bold on ServiceNow and enjoy the ride.
ServiceNow’s (NOW) price action
NOW’s Quick‑Hit to the Bucking 50‑Day EMA
So, NOW is currently swapping a nice $757.68, just a smidge above the 50‑day EMA line. Think of that line as the tight‑rope balancing act for NOW’s price – it’s pretty solid support right now. When the ticker returns above that line, you’ve got a green light for a fast, short‑term climb.
What’s Going On?
- Price is a little higher than the EMA – a minor push up the ladder.
- EMA is throwing its arm around NOW – strong support, keep those gains coming.
- Rebound = quick upside – If the price swings back above EMA, expect a short momentum burst.
Next Moves?
Watch closely for a bounce that might just propel NOW into a short‑term gain sprint. Keep your eyes peeled; the EMA is holding the line like a tightrope walker.
ServiceNow Stock Snapshot
Ever wonder what’s dragging NOW down? It’s stuck inside that classic ascending wedge—a funky shape that can either lead to a meteoric surge or a gentle slide. If the price jumps over the upper line, the $825 mark, traders will shout, “BREAKOUT!”
What’s the Game Plan?
Right now, keep a hawk-eyed glance on the $751 level. Break it? That’s your cue to hit the sell button—get in on the dip, and you’ll snag the next price rise upside‑down.
Upcoming Earnings Countdown
- April 23, 2024 – The quarterly earnings report drops.
- Post‑report: If the numbers are decent, watch for a possible breach of the $800 ceiling.
Bottom line: It’s a poker game. Play your cards right, and you’ll ride the next wave of movement—otherwise, lean into the dip.
Other AI stocks to consider
Mid‑Term AI Stock Pick‑up: Where’s the Future Trend?
While ServiceNow and the hot‑shot NVIDIA have been grabbing headlines, a handful of other AI players are stacking up solid potential for the next few years. Let’s dive into who’s on the list and why they’re worth a glance.
Picking the Stars
- AMD – The tick‑tock powerhouse has already jumped over 20% month‑on‑month, and its engine seems primed for more.
- MSFT – With the price hovering flat this month, Microsoft’s next move could be either a gentle nudge or an exciting spike that traders will be watching closely.
- GOOG – Trading at an 8% discount month‑on‑month, Alphabet’s price is a sweet spot for those who think it’s undervalued.
Voice from the Crowd
Finchat’s CEO Braden Dennis had a quick word about ServiceNow:
“ServiceNow has just been chugging along. ARR and large customer count have been compounding at >40% since 2012.”
Why It Matters
Those numbers paint a picture of a company that’s not just rolling over the old dice but adding turbo on the growth engine. Coupled with this group of AI titans, it’s a cocktail you might not want to miss out on.
Bottom line:
Beyond the headline greys, there’s a whole map of promising movements converging on the mid‑term horizon. Keep these names in your radar – they’re ready to beat the competition.
