Good day, 360!
Here are our top investing ideas today. These setups look primed. And JW is back in the chat room today (welcome back!) so come drop by an say hi 👋.
FOCUS LIST🔎
UCAR – Up over 15% in pre after announcing strategic move into Thai market
DOYU – Up over 30% in pre after announcing special cash dividend of US$9.76 per ordinary share
ANVS – 2nd day play, up over 5% in pre after announcing new data yesterday from Phase 3 Parkinson’s study highlighting improvements in Unified Parkinson’s Disease Rating Scale (MDS-UPDRS) and cognition
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HOTLIST🔥
UCAR – Up over 15% in pre after announcing strategic move into Thai market
U Power Limited (UCAR) together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations primarily in the People’s Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services.
In the pre-market this morning, the company announced that it had signed a Memorandum of Understanding (MoU) with Pattaya AI Terminal Co., Ltd. to jointly drive the strategic development of green logistics and electric vehicle (EV) infrastructure in Thailand.
Combining Pattaya AI’s advantages in logistical solutions with U Power’s proprietary battery-swapping technology, the joint venture will provide electrified solutions for Thailand’s commercial logistics and dedicated passenger transportation markets.
U Power will also leverage its expertise to provide commercial EVs compatible with its UOTTA technology and deploy battery swapping and charging stations for commercial EVs in key cities and logistics nodes across Thailand, enhancing logistics chain efficiency.
During the initial phase of the partnership, U Power will introduce battery swapping technology and compatible EVs. As the partnership matures, U Power intends to locally manufacture battery-swapping commercial vehicles in Thailand. These vehicles will include pickup trucks and light-duty vans for dedicated transportation routes.
UCAR stock traded up over 15% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $8. Beyond that, $8.50, $9, $10 and $10.83 come into play.
Below $8, targets to the downside are $7.50, $7 and then a gap fill at $6.74 with $6.20 below that.
DOYU – Up over 30% in pre after announcing special cash dividend of US$9.76 per ordinary share
DouYu International Holdings Limited (DOYU) together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams advertisers, and viewers.
In the pre-market this morning, the company announced that the Company’s board of directors approved and declared a special cash dividend of US$9.76 per ordinary share, or US$9.76 per American Depositary Share (“ADS”), to holders of record of ordinary shares and ADSs as of the close of business on August 21, 2024.
The aggregate amount of cash dividends to be paid will be approximately US$300 million, with payments expected to be made on or around August 30, 2024 for holders of ordinary shares and holders of ADSs. Holders of the Company’s ADSs will receive the cash dividends through JPMorgan Chase Bank, N.A., the depositary, subject to the terms and conditions of the deposit agreement.
The stock traded up over 24% in the pre-market in reaction to the news.
The $15 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $16, $17 and then the pre-market high at $17.47. Beyond that, targets are $18, $20 and $21.20 with $22 and $24 above that.
Below $15, targets to the downside are $14, $13 and then a gap fill at $12.59.
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ANVS – Up over 5% in pre after announcing new data from Phase 3 Parkinson’s study highlighting improvements in Unified Parkinson’s Disease Rating Scale (MDS-UPDRS) and cognition
Annovis Bio, Inc. (ANVS) is a clinical stage drug platform company that develops drugs to treat neurodegeneration.
The company’s lead product candidate is Buntanetap, which has completed three Phase 1/2 clinical trials for the treatment of Alzheimer’s disease (AD), Parkinson’s disease, and other chronic neurodegenerative diseases.
In the pre-market yesterday, the company announced new data from Phase 3 Parkinson’s study highlighting improvements in Unified Parkinson’s Disease Rating Scale (MDS-UPDRS) and cognition after treatment with Buntanetap.
Buntanetap showed dose-dependent and statistically significant improvements in cognition in the overall enrolled PD population. Parkinson’s patients with substantial cognitive decline exhibited a very pronounced improvement.
The stocked closed up over 76% in yesterday’s trade and is gapping up another 5% so far in the pre-market this morning.
$10.25 acted as resistance in the pre-market and will be an important level to watch.
Above that targets to the upside are $10.90 and then yesterday’s high at $12.51. Beyond that, $14, $16 and $20 come into play.
Below $10.25, targets to the downside are $9.50, a gap fill at $9.28, $9, $8, $7, $6.
MARKET NEWS 📰
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