CASH IS KING RIGHT NOW – Keeping the watchlist short and tight, so here is an overview:
*US national debt hits $28 Trillion for the first time
*Stock futures opened slightly higher Tuesday evening after sliding during the regular session, as investors weighed optimism over widespread post-pandemic business reopenings against concerns over economic overheating.
*Merck ($MRK) is set to help produce Johnson & Johnson's ($JNJ) single-dose COVID-19 vaccine
*The U.S. Senate is debating the contours of another stimulus package worth up to $1.9 trillion this week, with congressional lawmakers racing to pass another relief bill before a mid-March.
*Treasury yields – with the benchmark 10-year yield reaching a one-year high of 1.61% – remains fresh in the minds of investors.
HOT SECTORS:
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Uranium ^UUUU ^DNN ^UEC ^URG
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School College & University ^LXEH ^VTRU
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Metals and Mining ^KOR ^CENX ^HMY
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Transport Infrastructure ^OMAB ^CAAP ^PAC ^ASR
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Banking Services ^RKT ^UWMC ^LDI ^IMH
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Collective Investment ^OFS ^GECC ^FSKR ^HRZN
AH RUNNERS TURN POTENTIAL PM GAPPERS: $MRVI $RELI $GEN $CCM $ETON $GTT
$AMC - ER 3/12 AMC Entertainment – changed, why are trying to find our why original date was 3/4
GAMING/GAMBLING SECTOR:
$FUBO - Strongest quarter to date with over 500,000 subscribers and over $100 million in revenue. This company is on its way to greatness. Swing alert here.
Sympathy/Related: #WBAI #GAN #RSI #ELYS #SGMS $GMBL #GNOG #ACEL #EVRI #IGT #AGS #CPHC
EV Sector:
$WKHS – Workhorse Shares Spike To Afternoon High On Volume Following Tweet From Ohio Congressman Tim Ryan 'The tainted tenure of Postmaster DeJoy calls into question the awarding of this contract. This week's announcement further calls into question his judgment' At support above $15.33, waiting for Wednesday to get an update on the $OSK deal, Any positive news could send this stock up to $26.41
Sympathy/Related: #PLTR #IDEX #SOLO #AYRO #BLNK #SBE #KDNI #FRSX #IDEX #NIO #MDGS #APPL #NKLA #SPI #NIO
RENEWABLE ENERGY:
CBAT – through its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Europe, Taiwan, Israel, and internationally. Based on the 4hr found good support at the $5.20 and has been climbing back to life and any new could have a run back to resistance at the $9.57
$WWR - Has been consolidating at the $5.59 ( Daily Fibo at 61.8%) for a few days. Waiting on new for a run to $6.84 at resistance
Sympathy/Related: #WWR #PECK #PLUG #CLSK #FCEL #SUNW #AMTX #PEIX #ENG #SPI #WATT #ALAC #OEG #OPTT #SYPR #TRCH
TECHNICALS:
$KODK - The latest report on Nanomaterials Market by Infinium Global Research gives complete coverage of the Nanomaterials Market by type (metal oxides, metals, and other types), end-user (paint & coatings, packaging, construction, electronics & consumer goods, and other end-users) and listed Kodak as one of the major companies in the nanomaterials market. Stock looks ready to spring.
$SLGG -During a choppy day in the market this low float stock had a good run. This momentum should carry over into tomorrow. Should have earnings coming up withing a week or so. This stock loves to move in sympathy with $GMBL. Keep watch of $AESE same sympathy as well. $AESE recently sold off its assets for $78 million and looking to venture off into the e-sports betting avenue.
$RKT Shares of online mortgage provider Rocket Companies (RKT) pulled back in late trading. The stock surged 71% to a record high earlier in the day and triggered a volatility halt after investors on Reddit appeared to target the heavily shorted stock as another short-squeeze candidate. Looking for continuation.
$BUZZ – Barstool ETF push by El presidente available on MARCH 4
BIOTECH/HEALTHCARE:
$SSKN - Strataskin CEO recieves option for 1.6 million shares at 1.73. With daily volume at over 55x there is something brewing on the horizon. Looking for an entry as close to that as possible and a first resistance at 3.30
$SRNE - Sorrento Receives US FDA Clearance to Proceed With Phase 1 Study for STI-2099 (Intranasal COVIDROPS) in Healthy Volunteers and Outpatient Treatment for Newly Diagnosed COVID-19 Positive Patients. Chart also looks ready for a full reversal.
$CHFS - LOW FLOAT HALTER - The company achieved very solid performance in the fourth quarter of 2020 with 49.5% revenue growth over prior year. For the fifth straight quarter, they were able to generate sequential revenue growth. specifically, revenue in the fourth quarter increased 7.4% sequentially compared to the third quarter of 2020. The chart looks ready for a huge reversal here. Both the fundamentals and technicals are solid.
$SURF - Ark Genomic Revolution ETF Just bought 150,000 shares. Also it’s #2 on Zack’s, and the analysts all feel the company is going to release amazing earnings. The chart looks ready for a massive pump here. Already up 5%! After hours. Looking for this to explode this week.
$MPLN - Former SPAC (churchill capital 3) with intelligent algorithms to reduce healthcare costs. Weekly double bottom with a breakout looming. Breakout measured move is to $10.55.
$GEN - Welltower and ProMedica Announce Strategic Transactions to Enhance Partnership."nine PowerBack rehabilitation facilities, operated by Genesis HealthCare (NYSE: GEN), will be contributed into Welltower's JV with ProMedica and master leased to ProMedica." Spiked up 16% AH to a high of $0.945 and ended the day at $0.925. Potential pre-market & morning runner. Key price targets/resistances to watch for are $1, $1.18, $1.37, and $1.86. Long term pt is $2.5-5
$HTBX - Received price target of $22 from Cantor Fitzgerald, this ran u in the after hours. However, not many traders got to react to it and since we are in March Madness for Biotech's I expect to see a continuation on the known runner.
$IRIX - Index Announced Strategic Collaboration with Topcon Corporaton after hours. This collaboration provided $19.5 million to IRIX. Low float stock saw gains in the after hours above previous day high. Expect to see a continuation during premarket.
$POAI - Back on 02/18/21 stock had an offering at $1.95 that expected to close on or about 2/22/21 for 9 million shares valued over $17 million. Insider Mitchell Kopin bought 3,476,948 shares yesterday for a 7.4% stake in the company. Stock is currently trading under offering amount which means your position will be better than those institutional investors.
$CLOV – LONG SWING ALERT trying to find bottom and support at the above $9.00, this stock could easily see $16 to $20 in 6months to a year. Great company with Chamath Palihapitiya as CEO.
$AIKI – Swing Alert – closed to bottom from Friday sell off. Will try to fill in the gap back to $1.51
Sympathy/Related: #SYN #PTN #ACST #GEN #NEOS #CFMS #ASRT #BIOL #CPHI #ADXS #NSPR #OGEN #NAOV #ADMP #GHSI #OTIC #AGTC #EDSA #OCGN #REGB #SRPT #KMPH #AQST #GILD #ANTX
Back Burners: ^GHSI ^TIMBR LGHL ^CBLI ^TNXP ^ONTX ^VTVT ^LGHL ^CBLI ^NNVC ^JCS ^HOV ^AMRS ^DBIO ^CANG ^DRTT ^VISL ^CHFS ^JCS ^GEG ^INUV
