fbpx

Good day, 360!

Here are our top investing ideas today. And TODAY, Jason is opening up the Roadmap Room for live trading with him today at 12EST. Bring your lunch 🥪 and your market optimism!


FOCUS LIST🔎

VIRX – Up over 20% in the pre-market after reporting Q2 financial results and positive Phase 2 data

VSCO – Up over 17% in pre after appointing Hillary Super Chief Executive Officer

UCL – Up over 16% in pre after reporting better than expected earnings


Up To 3 New LIVE Trades!

Want to get excited about trading again?

Want to learn how to fish?

Want Jason’s NEWEST Education + Trade Alerts?

Jason Bond’s Seeing Maximum Upside Potential.

Swing Trades on low-price Options.

ONLY For Attendees At 12PM ET!


HOTLIST🔥

VIRX – Up over 20% in the pre-market after reporting Q2 financial results and positive Phase 2 data 

Viracta Therapeutics Inc. (VIRX) is a clinical-stage precision oncology company that focuses on the treatment and prevention of virus-associated cancers that impact patients worldwide.

In the pre-market this morning, the company reported Q2 financial results and Phase 2 data.

Highlights include:

Reported combined Stage 1 and Stage 2 results from the relapsed or refractory EBV-positive peripheral T-cell lymphoma (PTCL) cohort of the Phase 2 NAVAL-1 trial demonstrating Nana-val’s substantial antitumor activity and generally well-tolerated safety profile

New positive data and productive feedback from the FDA support updated Nana-val clinical development plan in EBV-positive PTCL patients; randomized controlled trial planned to begin in the second half of 2025 to support potential registration

Cash position – Cash, cash equivalents, and short-term investments totaled approximately $30.0 million as of June 30, 2024, which Viracta expects will be sufficient to fund operations late into the first quarter of 2025.

Net loss was approximately $9.8 million, or $0.25 per share (basic and diluted), for the quarter ended June 30, 2024, compared to a net loss of $12.5 million, or $0.32 per share (basic and diluted), for the same period in 2023.

The stock traded up over 20% in the pre-market in reaction to the news.

The $0.54 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $0.65, $0.75 and then the pre-market high at $0.8934. Beyond that, $1 and $1.15 come into play.

Below $0.54, targets to the downside are $0.50 and then a gap fill at $0.4652.


VSCO – Up over 17% in pre after appointing Hillary Super Chief Executive Officer

Victoria’s Secret & Co. (VSCO) operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.

In the pre-market this morning, the company announced that its Board of Directors has appointed Hillary Super as Chief Executive Officer and a member of the Board, effective September 9, 2024. Super succeeds Martin Waters in both roles.

Super brings nearly three decades of retail merchant expertise and a successful track record leading brands at the highest level. Her leadership experience with omnichannel brands spans intimates, apparel, accessories, beauty and home, where she demonstrated an ability to anticipate consumer needs and deliver high-emotion brands, products and customer experiences focused on driving profitable growth.

Super most recently served as CEO of intimates and accessories brand Savage X Fenty. Previously, she was Global CEO of Anthropologie Group, an Urban Outfitters Company.

The company also announced preliminary Q2 2024 Financial Results.

Highlights include:

 

Preliminary Results

Prior Guidance

 

Net Sales

(1%) to (2%)

(1%) to (3%)

 

Adjusted Operating Income

$57 – $62 million

$30 – $45 million

 

Adjusted Diluted Earnings Per Share

$0.34 to $0.39

$0.05 to $0.20

The stock traded up over 17% in the pre-market in reaction to the news.

The first target for bulls is the pre-market high $23.28.

Beyond that, $24, $25 and $27 come into play.

Below $23.28, targets to the downside are $21.50, $20 and then a gap fill at $19.07.


It’s what you’ve been waiting for…

60% off Small Account Journey Back To School Sale 

Join Jason and his gang as he works his rear off to teach you everything the knows about options selling – all levels welcome


UCL – Up over 16% in pre after reporting better than expected earnings

uCloudlink Group Inc. (UCL) operates as a mobile data traffic sharing marketplace in the telecommunications industry.

In the pre-market this morning the company reported Q2 2024 financial results.

Highlights include:

Total revenues were US$22.4 million, representing an increase of 1.7% from US$22.0 million in the second quarter of 2023.

Gross profit was US$11.0 million, representing an increase of 11.4% from US$9.9 million in the second quarter of 2023.

Income from operations was US$2.3 million, compared to a loss from operations of US$0.9 million in the second quarter of 2023.

Net income was US$2.2 million, compared to a net loss of US$0.9 million in the second quarter of 2023.

Adjusted net income (non-GAAP) was US$2.6 million, compared to US$1.8 million in the second quarter of 2023.

Adjusted EBITDA (non-GAAP) was US$3.3 million, compared to US$2.1 million in the second quarter of 2023.

The stock traded up over 16% in the pre-market in reaction to the news.

The first target for bulls is the pre-market high at $1.69.

Beyond that, $1.80, $1.95, $2.10, $2.30 and $2.50 come into play.

Below $1.69, targets to the downside are $1.55, $1.50 and then a gap fill at $1.45.


MARKET NEWS 📰

P.S. Make sure you text “RAGE” to (888) 404-5747 to get all of our latest HOT STOCK ideas!


Questions or concerns about our products? Email Support@360wallstreet.io © Copyright 2022, RagingBull


DISCLAIMER: To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at https://ragingbull.com/disclaimer

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.

RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.

RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull. com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.

RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull. com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull. com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.

WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.

Author:
Jeff Bishop

One of the best traders anywhere, over the past 20 years Jeff’s made multi-millions trading stocks, ETFs, and options. He is renowned as an incredible trader with a deep insight and a sensitive pulse on the markets and the economy. Jeff Bishop is CEO and Co-Founder of RagingBull.com.

Even greater than his prowess as a trader is his skill and passion in teaching others how to trade and rake in profits while managing risk.

Learn More

Leave your comment

Skip to content