2d illustrations and photos/iStock via Getty Images Shares of newly public Lytus Technologies (NASDAQ:LYT) continued their downward spiral on Thursday, tumbling 22% in midday action to trade 91% below the all-time high reached on Monday. Lytus shares opened at $4.59, hitting a high of $4.85 in mid-morning trading and then sliding to a low of...
Academic evidence solidifies that the market is a leading economic indicator. No one knows what will happen next in terms of an economic recession, but we can look at the weight of the evidence to put probabilities on our side. On this week’s edition of the GoNoGo Charts show, Alex and Tyler review $USO on...
2d illustrations and photos/iStock via Getty Images Fabless chipmaker Nano Labs (NA), which specializes in integrated circuits for cryptocurrency mining, intends to raise around $37M through a US initial public offering. In an amended filing, Nano Labs said that it plans to offer 3.5M American Depositary Shares, representing 7M ordinary shares, priced between $9.50 and...
Liudmila Chernetska/iStock via Getty Images Shares of Japanese cosmetics marketer Yoshitsu (NASDAQ:TKLF) soared 35% on Thursday afternoon. Yoshitsu stock opened at $1.28, dipping to a low of $1.20 in early trading before climbing to a high of $2.05 in mid-afternoon. Shares recently changed hands at $1.67, up 35%, at approximately 2:30 p.m. ET. The rally...
On this week’s edition of Stock Talk with Joe Rabil, Joe shows off one of his reports, called the “Heavyweights Review”. He explains the importance of knowing the trends for the top stocks based on market cap, then shows the short, intermediate, and long-term trends for each of these heavyweights and what they are saying right...
Welcome to the ORATS earnings report where we scan for companies with upcoming earnings announcements, check out historical earnings information, and find a potential options trade. Read on or watch the video overview here: https://youtu.be/IDgR3FzONnI. Let’s start by running a scan on stocks reporting earnings this week, which includes the total option volume indicator, sorted...
Barring a miracle today, which looks unlikely given that futures are indicating an opening lower than yesterday’s close, it looks as if the end of June is going to mark the end of the worst first half a year for stocks since 1970. Even as traders are awaiting important figures, the major indices are indicating...
Medical Properties Trust, Inc. (MPW) is one undervalued company I bought recently because it has been down over 40% since its high in the ~$24 price range. The chart below shows how the stock responded before in the approximately $24 price range. I am interested in buying more shares, and the following support level will...
Stocks with sky-high valuations have plummeted this year as investors are seeking safer investments amid persistent macro uncertainty. Shares of Palantir Technologies (NYSE: PLTR) have shed 49% of their value year-to-date. While the firm is still generating growth in revenues, Wall Street analysts are mixed in their sentiment on the stock. Palantir helps government and...
Stock Market Futures Trade Lower Following Downward Day For Markets U.S. stock futures are on the decline ahead of Thursday’s opening bell this week. This comes as the latest update on the U.S. economy continues to weigh on markets. Namely, as of yesterday, the first-quarter U.S. GDP was revised down, indicating a 1.6% annualized contraction....