*sponsored by the Economist I Executive Education
Sorry about last night, hit sent to soon (it happens, too much turkey and wine, see the POLL below… and please give my ad a click and save my job LOL). SO — Again, here’s an invitation to trade alongside of us in the RB MarketMasters chatroom — don’t trade alone today! Be the best prepared trader on the Street!
FOCUS LIST🔎
FLJ – Up over 120% in pre-market after deal to acquire Alpha Mind Technology
IRBT – Up over 29% in pre after planned EU approval for sale to Amazon
FSR – Up over 4% in pre after Quarterly Report release on Wednesday
SPOTLIGHT💡
*sponsored by the Economist I Executive Education
How do you write persuasively for business? Study the psychology, craft and purpose of writing with experts from The Economist.
The six-week Professional Communication: Business Writing and Storytelling online short course from The Economist is designed to help business professionals attract and address broad audiences across various written formats.
On completion of this course, you’ll walk away with:
-
Practical writing, editing and data-visualisation skills for creating clear and compelling business communications.
-
A writer’s toolkit based on The Economist’s editorial approach, helping you to navigate questions of structure, word choice and style.
-
The ability to source, structure and convey information in a way that is accurate, engaging and ethical.
HOTLIST🔥
FLJ – Up over 120% after deal to acquire Alpha Mind Technology
FLJ Group (FLJ) operates a long-term apartment rental platform in the People’s Republic of China.
On Wednesday, in the after-hours FLJ announced that it would acquire Alpha Mind Technology for $180 million.
Alpha Mind operates two primary business units: (a) an insurance agency, and (b) an insurance technology business. The insurance agency operates nationwide in the PRC with a wide range of insurance products.
In 2021 and 2022, Alpha Mind’s revenue amounted to $44.9 million and $47.4 million, respectively.
The stock is trading up over 120% in pre-market after the news release.
The $0.2650 area was support in the after-hours and will be an important level to watch.
Above it, targets to the upside are $0.30 and then the pre-market high at $0.3250. Beyond that, $0.35, $0.40, $0.50 and $0.60 come into play.
Below $0.2650, there is potential support at $0.2250, $0.2050, $0.1550, and then a gap fill to $0.1081.
IRBT – Up over 29% after planned EU approval for sale to Amazon
iRobot Corporation (IRBT) designs, builds, and sells robots and home innovation products in the United States and internationally.
Yesterday, Reuters reported that the European Commission is now likely to grant unrestricted approval to Amazon’s $1.4 billion purchase of iRobot.
This is after initial concerns were raised in July in regards to potential decrease in competition within the robot vacuum sector and an increase in Amazon’s dominance in the online marketplace.
The stock is up over 29% this morning in pre-market after the report.
The $38 area has acted as support so far in the pre-market and will be an important level to watch.
Above it, targets to the upside are at $40, $41.30, and then the pre-market high at $42.80. Beyond that, $45, $47 and $48 come into play.
Below $38, there is potential support at $37, $36.30, $35.12 and then a gap to fill at $29.83.
FSR – Up over 4% in pre after Quarterly Report release on Wednesday
Fisker (FSR) develops, manufactures, markets, leases, or sells electric vehicles.
The company released its Quarterly Report on Wednesday, reporting that Total current assets grew by over 70% from the second quarter to the third quarter, significantly increasing the volume of transactions that required detailed analysis and reconciliation after the end of the quarter. The company also stated that last week, Fisker reported a new daily delivery record of 107 vehicles, up more than 120% from a month earlier.
FSR also stated that the company expects to continue to incur operating losses for the foreseeable future.
After making new all-time lows on Wednesday, FSR stock finished the day up 6% and is gapping up another 4% this morning.
$2.25 was the breakout area in the pre-market and now becomes a potential support level.
Above it, targets to the upside are $2.40 and then the pre-market high at $2.45. Beyond that, $2.76, $3, $3.50 and $4 come into play.
Below $2.25, there is potential support at $2.10, $2 and $1.80.
More GREAT trading resources:
Questions or concerns about our products? Email [email protected] © 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
*Sponsored content: We’re a proud affiliate for Economist I Executive Education, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.
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.
