🌟Gooood Morning Team 🌟 It’s Humpppp Dayyyyy 🐪 and I am ready for another exciting day of trading!
I hope everyone had a great night and that you are ready for a great day ahead. Yesterday was a great day in the market and inside of chat. We were dropping value bombs left and right and so many members learned A LOT! This is what community is all about. We will always be here for you as we want you to succeed in the stock market.
Keep up the amazing work team!
🌟 Live Stream begins at 7am EST with Live Trade Commentary starting at 9am EST. 🌟
Yesterdays trader of the day – Nick with a $1,133 profit on $IGMS
STOCKS WITH NEWS
Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gains https://www.cnbc.com/2022/03/29/stock-market-futures-open-to-close-news.html
S&P 500 exits correction: Here’s what history says happens next to U.S. stock-market benchmark: https://www.marketwatch.com/story/s-p-500-set-to-exit-correction-heres-what-history-says-happens-next-to-u-s-stock-market-benchmark-11648583285?siteid=yhoof2
Cathie Wood’s Ark Buys an Electric-Vehicle Maker and Sells Another: https://www.thestreet.com/investing/cathie-wood-ark-buys-ev-maker-sells-another?puc=yahoo&cm_ven=YAHOO
On Wednesday, the House Rules Committee is set to hold a hearing on the Marijuana Opportunity Reinvestment and Expungement Act, which would decriminalize cannabis at the federal level. The bill — better known as the MORE Act — would also create provisions for banking and consumer packaged goods sales. The measure is expected to head to the full House for a vote Friday.
Yesterdays top gainers: $IGMS $CLVR $MVIS $DAVE
$IGMS – IGM Biosciences Announced Earlier it Priced its Public Offering of 8,695,653 Shares @ $23.00/Share. However, the company announced a collaboration agreement with Sanofi $SNY to develop antibodies against cancer. They are receiving $150M upfront and will also get up to $1B is development milestones! Still on HIGH WATCH for me. This stock is 8M in float with a 53% short float as of 3-15-22.
$ADGI – Adagio Therapeutics Trials for Covid-19 Treatments Meet Primary Endpoints. Adagio plans to engage with the U.S. Food and Drug Administration and submit an emergency use authorization application in the second quarter of 2022 for adintrevimab for both the prevention and treatment of Covid- 19.
$DRCT – Direct Digital Holdings Inc (NASDAQ:DRCT) shares are surging in Tuesday’s after-hours session after the company reported financial results showing significant revenue growth and issued guidance above estimates. Direct Digital said fourth-quarter revenue increased 95% year-over-year from $6.3 million to $12.9 million. The company reported a quarterly net loss of $2.1 million. Direct Digital said it expects first-quarter revenue to be between $11 million and $11.5 million versus the $8.42 million estimate. The company expects full-year 2022 revenue to be between $48 million and $52 million versus the $49.24 million estimate.
$SNOA – Sonoma Pharmaceuticals Launches Microdox in South Africa, Australia
$VYNT – News yesterday: Vyant Bio And OrganoTherapeutics Announce Strategic Collaboration To Discover Therapeutics To Treat Parkinson’s Disease. They do have earnings scheduled for today
$CLVR – Momentum from earnings last week. Also a cannabis stock getting some attention as the entire sector was hot last Thursday and Friday!
My top stocks for the day
Meme stocks are starting to get some action as well – $GME $AMC $KOSS $NEGG
Crypto is moving on up and so are crypto related stocks. I will be watching stocks like $MARA $RIOT $HIVE $HUT $BITF and $BITO
Federal Marijuana Legalization Bill Officially Scheduled For House Floor Vote This Week. We will be watching stocks like $TLRY $ACB $SNDL $CRON $FLGC
$DATS $MRIN and $NEGG all on HIGH WATCH for the possible Mid Candle Breakouts!
PRE MARKET GAPPERS
PRIOR DAY TOP GAINERS
Earnings this Week