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- ✅ Two More Watchlist Wins: SHOP & CDNS on the Money
✅ Two More Watchlist Wins: SHOP & CDNS on the Money
Highlighted on July 4th as high-probability setups, Shopify (SHOP) and Cadence Design Systems (CDNS) have now moved into their take-profit zones—delivering solid upside in just weeks.
🛒 Shopify (SHOP)
Entry Zone: $110–115
Current Price: $127.00
Growth Target: $130–140
Why It Moved: Improving margins, active rollout of AI tools, and enhanced platform stickiness are fueling strong momentum.
Approximate Return: 12.9%
Risks: Consumer softness and churn potential remain considerations.
🧠 Action Tip: Consider trimming into strength or employing a trailing stop as you near the upper target zone to lock in gains.
🔧 Cadence Design Systems (CDNS)
Entry Zone: $320–330
Current Price: $360.50
Growth Target: $350–380
Why It Moved: Surging demand for EDA software amid AI expansion and export-policy tailwinds is supporting strong upside.
Approximate Return: 10.9%
Risks: Valuation is rich and export policy uncertainty could introduce volatility.
🧠 Action Tip: With CDNS hovering near the lower end of the target zone, consider locking in profits or raising protective stops as premiums build.
🔍 Key Takeaways
Shopify is slightly below its upper target but maintaining positive momentum.
Cadence is trading toward the lower edge of its target range with catalysts still in play.
🔜 What’s Next?
We’ll continue surfacing setups early—before the crowd.
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—StocksTrades.AI Newsletter
Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.