The markets are looking HOT this morning. QQQ just flashed a “Gamma Trigger” signal yesterday, and that is my top short-term trade setup.
When I see that, I pile into stocks for a quick move that will hopefully carry stocks higher. Because of that, I think we are going to end the week on a high note.
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FOCUS LIST🔎
NXU – Up over 50% after announcing it was possibly the first-ever successful Cybertruck NACS (North American Charging Standard) charging session performed on a non-Tesla DC fast charging station.
REAL – Up over 15% after earnings beat
AMRX – Up over 15% after earnings beat
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HOTLIST🔥
NXU – Up over 50% after announcing it was possibly the first-ever successful Cybertruck NACS (North American Charging Standard) charging session performed on a non-Tesla DC fast charging station.
Nxu, Inc. (NXU) manufactures and markets battery cells and packs, megawatt charging stations, and residential and commercial battery energy storage systems in the United States.
In the after-hours yesterday, the company announced it had achieved a historical NACS (North American Charging Standard) milestone with the Tesla Cybertruck.
NXU successfully charged a Tesla Cybertruck (“Cybertruck”) on Feb. 26, 2024; possibly the first-ever successful Cybertruck NACS charging session performed on a non-Tesla DC fast charging station.
The company’s NxuOne™ Charging System appears to be the only universal, dual-technology solution available for public charging, with a Cybertruck.
The stock traded up over 50% in pre-market after the news.
The $1.30 area has acted as support in the after-hours and pre-market, and will be an important level to watch.
Above it, targets to the upside are $1.40, $1.50, $1.60 and then the pre-market high at $1.83. Beyond that, $2, $2.60 and $3 come into play.
Below $1.30, targets to the downside are $1.17, $1 and then a gap to fill at $0.7992.
REAL – Up over 15% after earnings beat
The RealReal, Inc. (REAL) operates an online marketplace for resale luxury goods in the United States. It offers various product categories, including women’s fashion, men’s fashion, jewelry, and watches.
In the after-hours yesterday, the company reported Q4 EPS of -$0.07 vs -$0.11 consensus. Revenue came in at $143.47 million vs $159.66 million a year prior.
Despite the revenue miss, this was the first time had positive adjusted EBITDA of $1.4 million, a $22million improvement from a year earlier.
Investors cheered the improving earnings and the stock has traded up over 15% in the pre-market after the news.
The $1.96 area has acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $2.13, $2.25, and then the pre-market high at $2.40. Beyond that, $2.50 and $2.90 come into play.
Below $1.96, targets to the downside are $1.80, $1.77 and then $1.56.
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AMRX – Up over 15% after earnings beat
Amneal Pharmaceuticals, Inc. (AMRX) together with its subsidiaries, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.
This morning the company announced Q4 adjusted EPS of $0.14 vs $0.09 expected. AMRX also provided 2024 Financial Guidance of $2.55 to $2.65 billion in net revenue and $580 to $620 million in Adjusted EBITDA, an increase over 2023.
The earnings report had a positive reaction with the stock trading up over 50% before pulling back to around 15% higher.
The $6.50 area is now potential resistance and will be an important level to watch.
Above it, targets to the upside are $7, $8, $8.50 and $9.
Below $6.50, targets to the downside are $6, $5.80 and then a gap to fill at $5.52
MARKET NEWS 📰
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