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Tuesday April 25th 2023 Morning Stock Newsletter

YESTERDAYS TRADER OF THE DAY

Katherine taking the $SPY downtrend trade that was identified live inside of chat! Locking in an amazing $1,428 in verified profits


Good morning team and happy Money Tuesday!

I hope you all had a wonderful evening and are ready for a successful trading session today. As always, remember that quality trades are the key 🔑 to success in the market. It is important to stay focused and disciplined 🧠 and let the best of the best trades come to us! So let’s all approach today’s trading session with a positive attitude and a commitment to taking only quality trades 💪

Live Stream is now up and Live Trade Commentary will begin at 8:30AM. 👏 👏 👏


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To learn more and to see if this program is a good fit for you, book a call with me this week. My calendar is filling up fast and we are only offering this program and discount to the first 20 students! https://calendly.com/alphadaytrading/30-minute-meeting

Josh Howerton


STOCKS WITH NEWS

Stock futures dip as traders pore through key earnings reports https://www.cnbc.com/2023/04/24/stock-market-today-live-updates.html

Prior day top gainers $INAB $IDYA $SFR $GETY $NAAS $UIHC

$SPY – Nasdaq, S&P, Dow futures slip as investors brace for Big Tech earnings

$PEP – PepsiCo raises outlook as quarterly results beat expectations https://www.cnbc.com/2023/04/25/pepsico-pep-q1-earnings-report-2023.html

$VIRI – Virios Therapeutics Announces Initial FDA Feedback On Proposed IMC-1 Phase 3 Program For Treatment of Fibromyalgia; Says Final Toxicology Results To Be Submitted To FDA In May 2023

$MORF – Morphic Reports Positive Topline Results of the EMERALD-1 UC Main Cohort; Orally Administered MORF-057 Achieves Primary Endpoint and Demonstrates Clinically Meaningful Improvements Across Secondary and Exploratory Measures. $MORF – Morphic Holding Q1 EPS $(0 .90) Misses $(0 .81) Estimate, Sales $521.00K Miss $2.14M Estimate; $421M In Cash, Cash Equivalents & Marketable Securities, Extending Runway Into 2H Of 2026

$SPPI – Assertio Holdings, Inc. To Acquire Spectrum Pharmaceuticals, Inc. In All Stock And CVR Transaction; Spectrum Stockholders To Receive Upfront Consideration Of 0.1783 ASRT Shares Per SPPI Share Plus One CVR For Potential Consideration Up To $1.34/Share

$ZFOX – ZeroFox Completes Acquisition of LookingGlass

$CXAI – A new IPO that ran 2 weeks ago from $2.50 to $21 is getting some attention here in pre-market. We are currently gapping up 13% at this time.

$MMM – 3M Non-GAAP EPS of $1.97 beats by $0.37, revenue of $7.7B beats by $190M, announces restructuring actions

$ARCC – Ares Capital Non-GAAP EPS of $0.57 misses by $0.02, total investment income of $618M misses by $15.13M

$VZ – Verizon rises as it adds 633K subscribers in Q1

$GOOG – earnings after the bell – Alphabet earnings look: Watching the ad slowdown, layoffs – and AI

$MSFT – Earnings after the bell – Microsoft earnings to highlight AI, cloud services direction

$GE – General Electric beats Q1 top and bottom line estimates; updates FY23 outlook

$GM – General Motors Non-GAAP EPS of $2.21 beats by $0.48, revenue of $39.99B beats by $610M

$UPS – United Parcel Service Q1 Adjusted Earnings, Revenue Decline; Lowers Fiscal 2023 Revenue Guidance

$BXRX – Baudax Bio Announces Positive Top-Line Final Results From Phase 2 Randomized Clinical Trial of BX1000


Personal Game Plans

$SPY GAME PLAN As long as the $SPY holds above $410 today, I believe we see a slow and steady grind back up to the down-trend we were shorting off of yesterday. I will be looking to take the $SPY LONG for the slow grind on up then look to flip short off the downtrend we were shorting off of yesterday.

$VIRI is on HIGH watch for the $1 break. We have not been over $1.00 since September 2022. We know BIG SPIKES can take place when a stock break over $1.00 especially when it has been under $1.00 for 6 months or more. We have room to run to $1.92 today. Entries as close to $1.00 as possible with stops in the low to mid $0.90’s

$EYPT – Looking for a break of this downtrend today to get long back to $8.00, $8.39. $9.22 and $10.00. Support is down at $6.26 at this time. Great potential to spike again today as it did on Friday and end of day yesterday!


Earnings This Week


PRE MARKET GAPPERS


Reddit Top Mentions


Market Overview


Largest Short Interest


Economic Calendar

New home sales data at 10AM


PRIOR DAY TOP GAINERS