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Money Wednesday!!! 3/22 Morning Stock Newsletter!!

 

**** Good morning team! **** Happy Hump Day! We are back. I hope you all had a wonderful evening and are ready for today’s trading session. I am excited to get to work and have some fun with the best trading community in the world. Let’s get ready for an awesome day! **** The live stream is now up and the live trade commentary begins at 9:00 AM EST. ****


TRADER OF THE DAY

@JoseGomez back from vacation and right back into profits chat with phenomenal % ROI!! Definitely a trader who has their edge and style dialed in! Killed it yesterday on $SPY $QQQ and $AMZN options!

WAY TO TRADE!!!


STOCKS WITH NEWS

Stock futures are flat as investors await key Fed policy decision https://www.cnbc.com/2023/03/21/stock-market-today-live-updates.html

Here’s everything the Federal Reserve is expected to do Wednesday https://www.cnbc.com/2023/03/22/heres-everything-the-federal-reserve-is-expected-to-do-wednesday.html

Yesterdays top gainers $EVTV $FRC $SY $MIGI $ONON $STBX

$FRC – First Republic Bank starts the day in green amid possibility of government backing

$GME – GameStop stock surges 50% as investors enthused by surprise Q4 profit

$VORB – MW Virgin Orbit stock rockets after plans to restart operations this week

$DBD – Diebold Nixdorf shares are trading higher after the company announced an amendment to its asset-based credit facility to add $55 million in new liquidity. ABL lenders have also agreed to certain modifications and waivers to the facility.

$ETNB – 89bio Announces Phase 2b ENLIVEN Trial Of Pegozafermin In NASH Achieved Statistical Significance On Both Primary Histology End

$PYXS – Pyxis Oncology Reported EPS Loss Of $(3 .65) In FY22, Down From EPS Loss Of ($8.95) In FY21

$NIO – Nio “confident” of achieving 2023 sales target https://seekingalpha.com/news/3949812-nio-confident-of-achieving-2023-sales-target

$TBIO – Telesis Bio Q4 EPS $(0 .28) Beats $(0 .41) Estimate, Sales $9.47M Beat $7.20M Estimate


Personal Game Plans

$GME currently up 47% in pre-market after the company reported better than expected Q4 results. There is going to be A LOT of hype around this stock and other MEME stocks today ($AMC $BBBY $KOSS ) do not fall into this trap. Could we see some nice movement today with $GME and other stocks moving in sympathy? YES! Could there be solid setups and great opportunities to trade and lock in killer profits? YES! However, we need to stay calm, level headed and logical while other traders are giving into their emotions thinking the MEME STOCK party is back and all stocks go to the moon. I personally think there are going to be A LOT of bag holders dumping shares at the open to get out of this stock. Be PAYtient at the start of the day. As long as we hold this up-trend, we are bullish and can easily break $27.50 and run up to $30 then 35. If we crack this up-trend, we are bearish and can dump on down to $24 then $20


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar


PRIOR DAY TOP GAINERS