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Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on RIG in recent days, citing the company’s strong financial performance and positive outlook for the offshore drilling industry. 2) Increased Oil Prices: The price of oil has been rising in recent weeks, which is benefiting […]
Here are some reasons it may have gapped down: 1) Disappointing Financial Results: TELL reported a wider-than-expected loss in its Q2 2024 financial results, released after the market closed on Sep 10th. 2) Production Delays: The company announced a delay in the start-up of its Driftwood LNG export facility, pushing back the expected production timeline. […]
Here are some reasons it may have gapped up: 1) Positive Analyst Coverage: Several analysts have upgraded their ratings on PLUG in recent days, citing the company’s strong growth prospects in the hydrogen fuel cell market. 2) Hydrogen Economy Momentum: The Biden administration has announced plans to invest heavily in the development of a hydrogen […]
Here are some reasons it may have gapped down: 1) Analyst Downgrade: Morgan Stanley downgraded PLTR from “”Overweight”” to “”Equal-Weight”” on September 10th, citing concerns over the company’s growth prospects. 2) Weak Sales Guidance: In its recent earnings call, PLTR provided disappointing sales guidance for the third quarter of 2024, falling short of analysts’ estimates. […]
8:00am (EST) Commentary The market rebounded off the morning lows and key support levels after better-than-expected economic news. Specifically, the consumer price index rose 2.5% in August, down from 2.9% in July and is the lowest print since February 2021. The Nasdaq closed at 17,395 (+2.2%) with the late day high at 17,420. Lower resistance […]
(Sep 9, 2024). Here are some reasons it may have gapped up: 1) Strong Earnings Report: NVDA beat analysts’ earnings estimates in its Q2 2024 report, released after the market closed on Sep 8th. 2) Positive Analyst Coverage: Several analysts have upgraded their ratings on NVDA in recent days, citing the company’s strong earnings and […]
Here are some reasons it may have gapped up: 1) Positive Clinical Trial Results: INFN announced positive results from a Phase 2 clinical trial of its lead drug candidate, eganelisib, in patients with relapsed or refractory acute myeloid leukemia (AML). 2) Analyst Upgrades: Several analysts have upgraded their ratings on INFN following the positive clinical […]
Here are some reasons it may have gapped down: 1) Weak Earnings Outlook: NKE’s recent earnings call indicated slower-than-expected growth in its footwear and apparel segments. 2) Supply Chain Disruptions: Ongoing issues with supply chain disruptions, particularly in China, have impacted NKE’s production and distribution. 3) Competitive Pressure: Increased competition from brands like Adidas and […]
Here are some reasons it may have gapped up: 1) Hydrogen Economy Momentum: The stock has been gaining momentum in recent weeks amid growing interest in the hydrogen economy and its potential for clean energy. 2) Positive Analyst Coverage: Several analysts have recently upgraded their ratings on PLUG, citing its strong growth prospects and leadership […]
Here are some reasons it may have gapped down: 1) Disappointing Q2 Earnings Report: CHWY reported lower-than-expected earnings per share and revenue in its Q2 2024 earnings report, released after the market closed on June 30th. 2) Slowing Sales Growth: The company’s sales growth has decelerated in recent quarters, raising concerns about its ability to […]
Bulls Still Pushing V-Shape Recovery 8:00am (EST) Commentary The market rebounded on Friday to keep last week’s mini trading range in play following comments from Fed Chairman Powell on interest rates. He said “the time has come” for the central bank to begin lowering interest rates and for policy to adjust. The Nasdaq closed at […]
September is typically a bearish month for the stock market and October has witnessed some of the biggest crashes and corrections in history. While most market pundits believe the trend remains strong for the market, it’s important to note the Nasdaq, S&P 500, and the Russell 2000 fell below their 50-day major moving averages last […]