Our traders curated 18 stock picks for the new year
Boeing (BA)
Boeing’s stock performance has been marred by ongoing labor strikes, production delays, and macroeconomic and regulatory pressures, with the shares bottoming out nearly 50% from their December 2023 highs. However, with enough time, one could anticipate the forces eroding shareholder confidence to wane in the coming months, as technical evidence could be suggesting longer-term moves to the upside may be around the corner.
From a technical perspective, Boeing is currently taking out the February 2015 highs at $160, which also correlates with a move above the longer-term 200-month moving average. This trendline has repeatedly marked longer-term lows and preceded meaningful longer-term moves to the upside.
If Boeing can take out and find support above the 200-day and 200-week moving averages, one should target a move back up to a presumed test of December 2023 highs at approximately $266 per share, or a potential 50% move higher from current levels.
Fundamentally, investors should anticipate labor union disputes to eventually abate, shakeups in executive leadership or strategy to reinvigorate shareholder confidence, and the start of the new presidential administration to help turn things around.
Carvana (CVNA)
Online car retailer CVNA has added over 530% in the past 12 months. The equity had previously cratered over 99% from its August 2021 highs after rumors of potential bankruptcy, but continues to amass disbelief in its now longer-term market outperformance. That is, as shares continue to accelerate towards remarkable milestones.
Despite its longer-term performance off its 2023 lows near $3, ongoing pessimism is seemingly providing additional tailwinds, as Carvana targets a move back up to all-time highs above $375 per share. More than 10% of Carvana stock’s float is sold short and put buyers are outnumbering call buyers. This is per Schaeffer’s put/call open interest ratio (SOIR) of 1.32.
Technically speaking, Carvana’s latest earnings sent shares toward support and a short-term retest at the 61.8% Fibonacci level (as measured from its all-time high to its 2023 lows). With the 78.6% retracement level at $296, this implies a minimum 20% move higher in the medium-term. If Carvana stock can take out and find support above this next level higher, reclaiming all-time highs would imply a 50% increase in its share price from current levels.
The above excerpts come from Schaeffer’s annual and exclusive Stock Picks for 2025, each one carefully curated by our team of top traders. To continue reading, click here to be one of the first to get their hands on our highly anticipated report of 18 stock picks. Enjoy a head start to a fresh year of trading!