From Nasdaq: 2024-05-17 14:32:34

PGA superstar Scottie Scheffler was arrested on his way to the PGA Championship. Despite the drama, the stock market is poised for a record-breaking week with the Dow Jones Industrial Average possibly closing above 40,000 for the first time. As Memorial Day approaches, Americans are gearing up for the unofficial start of summer with BBQs and fun festivities with family and friends.

Broadcom (AVGO) is offering income opportunities with an active put option that could provide a 32.5% return. Analysts are bullish on the stock with a buy rating and a target price of $1,528.55. The company has been a strong performer over the past years and is a cash flow machine with the potential for growth.

Advanced Micro Devices (AMD) presents another income opportunity with an active put option that could yield a 45.8% return. Analysts are optimistic about the stock’s potential for growth, especially compared to its competitor, Nvidia. With new product launches, AMD has the potential to outperform and push its shares higher.

Dollar General (DG) has faced challenges in recent years but is showing signs of improvement under the leadership of its CEO. The company’s turnaround plans are working, although slower than expected. Analysts have a mixed view on the stock, with some rating it a buy with a target price of $151.75. Despite recent struggles, the stock has the potential to revisit $200 in the long term.



Read more at Nasdaq: 3 Unusually Active Put Options to Sell for Income Over the Next Week