After a strong rebound following its August 5th collapse, Wall Street is expected to take a breather in the first trading session of the new week. The lack of major trading catalysts and the potential impact of the Democratic National Convention make the market’s direction uncertain. However, positive economic data and a recent winning streak suggest further gains are possible.
Xperi Inc. shares jumped over 11% in pre-market trading after the company announced a deal to sell its assets to Amazon.com. Here’s a look at other stocks making moves in pre-market trading, including notable gainers like Applied DNA Sciences and GeoVax Labs.
SIGA Technologies (SIGA) stock has experienced significant volatility recently, potentially entering a bull trap. This article examines the concept of bull traps, the recent performance of SIGA, and what it means for investors.
Several stocks are poised to capture investor attention on Friday, with pre-market trading showing significant moves. Madison Square Garden, Applied Materials, CI&T, H&R Block, and Flowers Foods are among the companies making headlines. Learn about their expected earnings, revenue projections, and after-hours trading performance.
The Market Clubhouse Morning Memo provides insights into key price levels for popular stocks like SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. This proprietary formula takes into account price, volume, and options flow, offering support and resistance levels for traders.
Robinhood Markets Inc (HOOD) shares saw a boost on Thursday, fueled by strong July operating data and an upgrade from Deutsche Bank. The company reported increased funded customers, net deposits, assets under custody, and trading volumes across various asset classes. Meanwhile, Deutsche Bank analyst Brian Bedell raised the stock’s rating to Buy from Hold, citing positive factors.
Bitcoin’s performance has been significantly stronger during US trading sessions over the past month, but this hasn’t translated into substantial inflows into Bitcoin ETFs. While some inflows have been recorded, they haven’t been enough to offset the overall decline in assets under management. Analysts are watching to see if this trend will continue, especially with the next US presidential election on the horizon.
Climb Global Solutions (CLMB) is a strong candidate for trend investing, exhibiting a solid price increase over both the past 12 weeks and four weeks, coupled with a strong Zacks Rank #1 (Strong Buy) and an Average Broker Recommendation of #1 (Strong Buy). This combination suggests that CLMB’s upward trend is likely to continue.
Dycom Industries (DY) exhibits strong price momentum and positive fundamentals, making it a compelling opportunity for investors seeking to capitalize on short-term trends. The stock has gained 19.5% over the past 12 weeks and maintains an uptrend with a 1.9% increase in the past four weeks. Additionally, its favorable Zacks Rank #2 (Buy) and a Strong Buy rating from analysts suggest continued bullish sentiment.
This Market Clubhouse Morning Memo provides an in-depth analysis of key stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, utilizing a proprietary formula to identify price levels and potential trading opportunities. The memo also highlights the impact of upcoming economic data releases, including the PPI and CPI reports, on market sentiment and trading strategies.
