🌟Good Morning Traders and Happy Money Monday 🌟
Today marks the start of a brand new day and a brand new week full of brand new opportunities! I hope everyone had a fantastic weekend and that you are fired up for a great day ahead!
We had an amazing week last week in chat! Great job to all traders 🔥 Keep up the amazing work team!!!
Live Stream is now up and Live Trade Commentary will begin at 9:00AM. 🚀 👏 📈 🔥
Get 🔥 FIRED 🔥up team because we are hitting it hard today. WWWOOOOOOO!!!!
STOCKS WITH NEWS
$PTON – Shares of Peloton Interactive Inc. jumped nearly 25% in premarket trading Monday after The Wall Street Journal reported that Amazon.com Inc. and others could be interested in buying the stationary-bike maker.
$SAVE – Spirit Airlines (SAVE) and Frontier Group Holdings, Inc. announced a definitive merger agreement under which the companies will combine to create a competitive ultra-low fare airline across the U.S., Latin America and the Caribbean.
$SEED – announced today that it expects revenues to grow in excess of 300%, to over 150 million RMB , and expects to turn a profit for fiscal 2022. The expected revenue growth is driven by both growth in its existing hybrid seed business and the addition of a new revenue stream of selling nutritionally enhanced crops to feedstock companies.
$JHX – James Hardie Industries (JHX) reported fiscal Q3 adjusted earnings Monday of $0.35 per share, up from $0.28 per share a year earlier.
$XELA – announced today that it has amended the previously announced offer (the “Offer”) to exchange up to 100,000,000 shares of its Common Stock for unsecured 6.00% senior notes due 2029 (the “New Notes”). The Offer has been amended to increase the consideration being offered for each share of Common Stock from $1.00 per share to $1.25 per share. Shareholders can now exchange Common Stock in 20 share increments for $25 of New Notes. As a result of the increase in the consideration, shares of Common Stock may now only be tendered in 20 share increments, and an aggregate of up to $125,000,000 of New Notes may be issued in the Exchange Offer.
$PHUN – announced today a strategic political partnership with Campaign Nucleus to enhance its Smart Advocacy Solution on mobile and to further extend its capabilities in support of tech-enabled politics.
My top stocks for the day:
New IPO stock that could see some action today $ANGH
I will be watching $ROKU today for a break over Fridays highs of $161.21. We have room to $167.50 next.
$PFE is looking pretty weak on the daily chart. We have STRONG downtrend resistance that we rejected off of multiple times over the past 2 weeks. I am looking for a crack below Fridays lows of $52.63 to enter a short position. We have room down to $52 then $51.29
$AAPL is starting to form an inverse head and shoulders formation on the daily chart. We are forming support near the 50SMA and 20EMA. If $AAPL can break over $176.22 I expect to see this re-test ATH’s
$SNAP over $40.65 room to $42.32
$RBLX has a decent reversal trying to form on the daily. Over $65.50 and we can see this to $69.17 next
$GS has a daily gap to be filled up at $375. As long as we can hold above $365 support we can continue to see this stock move higher and possibly fill the gap.
$SPOT has a daily gap on the daily that can be filled this week. We are looking for a break over $177.12 to see the next leg up to $187.49
$BA has a slight bull flag forming on the daily chart. Over $210 is where we can see volume move in. We do have room to $221 next
PRE MARKET GAPPERS
PRIOR DAY TOP GAINERS
Earnings this Week