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Many of the travel stocks have moved sideways since March, but Booking Holdings Inc (NASDAQ:BKNG) is breaking out, MKM Partners Chief Market Technician JC O Hara said on CNBC s Power Lunch Friday. O Hara told CNBC that he likes the technical setup for Booking Holdings. If the stock holds its current levels, it would be a new weekly closing high, he said. That is very powerful, he added. The chief market technician put a technical price target on Booking Holdings of $2,750-$2,800, which represents 13% upside from current levels. We are buyers of Booking on the breakout this week, O Hara said. ....
Share: Gun stocks and ammunition stocks have been hot heading into 2021 as a new administration is set to take office. What Happened: Recently uplisted Ammo Inc. (NASDAQ: POWW) is seeing the benefits of demand for ammunition. The stock was highlighted on a December Benzinga show as a play on the uplisting and the strong backlog. On Tuesday, the company announced updated guidance for the fourth quarter. The company sees fourth-quarter revenue of approximately $20 million, which would be a year-over-year increase of an estimated 317%. New fiscal 2021 guidance calls for revenue to hit $58.2 million, a 293% year-over-year increase. The company had already raised third-quarter guidance with a new forecast of $16.5 million in revenue, year-over-year growth of 489%. ....
Share: Renewable natural gas company Clean Energy Fuels Corp (NASDAQ: CLNE) has been making headlines in December with new deals with leading energy companies. The company could also benefit from a Biden administration that s putting a huge emphasis on clean energy. What Happened: On Monday, Clean Energy Fuels expanded a partnership with Total SE (NYSE: TOT). A 50/50 joint venture will be created to develop carbon-negative renewable natural gas production facilities. The deal with Total, who is the company s largest shareholder, also includes funding for building additional downstream RNG fueling infrastructure. Total will provide $50 million to the joint venture and Clean Energy Fuels will provide $30 million. Total will provide Clean Energy Fuels with an additional $65 million in credit support, which includes contracted RNG fueling infrastructure. ....