To The Moon

Chip, storage stocks rallied in premarket trading. UMC up over 11%; Navitas, SOXL up around 6%; Micron up nearly 4%; AMD, SanDisk up around 2%.Space stocks gained in premarket trading. Redwire up nearly 12%; Intuitive Machines up over 7%; VCX, AST SpaceMobil up around 6%.

The iPhone maker's shares tend to rise in the last 3 months of the year, says Evercore. iPhone 17 sales have been better than analysts feared. Helping the bullish mood is a belief that the White House will continue to row back on statements that initially cause a market wobble. Bonds are also providing support, with the benchmark 10-year Treasury yield just above 4%, near 12-month lows, as investors express less concern about Washington's fiscal profile and look ahead to more interest rate cuts by the Federal Reserve."Daryanani's bias is driven by iPhone data points that suggest this may be more than the average iPhone refresh cycle, as lead times for the base iPhone 17 are above last year's October levels," says Evercore.The analyst's survey work points to a strong demand environment, with a higher-than-average number of respondents indicating that they plan to purchase a new iPhone this year. "Stronger iPhone demand and a clearer line of sight to double-digit services growth present

These are the retail stocks to buy that are poised for a big rally in 2024. These companies exhibit healthy growth and margin expansion.