Weekly Watchlist and Review 9/24/23

Weekly Watchlist and Review

Hey traders, investors, and market lovers! Welcome to the freshest edition of our Weekend Watchlist and Review. Over at ALERTSANDNEWS.COM, our alerts are absolutely popping off. We’ve got some serious runners on our hands. Let’s get into some highlights from this week:

With FOMC in the picture, J Pow sure shook the markets. But despite that, we managed to spot some monster movements – shoutout to AVGR and MLGO, among others. AVGR got on our radar last Monday and man, did it take off! Smashing through targets left and right. And let’s talk MLGO on Friday – we caught that volume surge and boom, what a ride! We also had our eyes on a few others like CCG, UPTD, LIFW, CNXA… the list goes on.

Consistency and precision? That’s the ALERTSANDNEWS.COM way. Our alerts range from momentum, overnights, swings, options, to dividend stocks and more. Always remember: doing your own research and learning is crucial. But if top-tier alerts and insights are what you’re after, we’ve got your back. Check out some of our killer alerts from the past week – the screenshots speak for themselves. Oh, and a quick reminder: use code AAN10 at checkout for a sweet 10% off during signup. Ready to elevate your trading game? Join the family!

Let’s start what to eye tomorrow, and the news over the weekend.

Heres the Gappers from Friday. Saw a few move on FAZE. A few SEC filing on Thursday last week. Listing  Requirement and prospectus supplement. MURF BNMV KSCP NVOS were some others from after hours to keep an eye on. 

Let’s go over the weekend headlines 

  • TSN Tyson, Perdue Farms Under Investigation Over Disturbing Child Labor Allegations
  • ASND Ascendis Pharma Presents Results from Long-Term enliGHten Trial of TransCon™ hGH in Pediatric Growth Hormone Deficiency
  • Tesla CEO Elon Musk Is So Impressed By Apple’s iPhone 15 Photos That He Tells Tim Cook, ‘I’m Buying One’

  • Court Orders Temporary Block On NY Cannabis Regulations As Legal Battle Over Weed Advertising Heats Up

  • Joe Biden To Join UAW Picket Line In Michigan To Express ‘Solidarity’ With Striking Workers

  • Elon Musk’s Tesla Plans Texas Gigafactory Expansion — Aims For Workforce Of 60K

  • LCID Lucid Secures Operating License To Begin EV Production In Saudi Arabia

  • Iraq Central Bank Governor: Iraq will in the coming year restrict all internal commercial and other transactions to Iraqi dinars instead of US dollars – state media

  • France’s President Macron: France to ask oil industry to sell fuels at cost.

  • Stocks Flash Recession Warning as Trouble Spreads to Industrials-Bloomberg

  • AAPL Apple to Scale Up India Production Fivefold to $40 Billion

  • Biden to host Pacific island leaders in US charm offensive vs China

  • El Paso, Texas ‘at a breaking point’ as migrants flood border, mayor says

  • Kim Jong Un tells Xi Jinping in letter he hopes to promote cooperation-Reuters 

  • Taiwan raises concerns about situation ‘getting out of hand’ with China drills-Reuters

  • Top Netanyahu Ally Predicts Saudi Deal Within Next Few Months-Bloomberg

     
 

News Coming:

By staying informed about the FDA decisions and other news. Investors, healthcare professionals, and patients can gauge the potential impact on the pharmaceutical industry, stock market, and patient care. These decisions can influence the market value of pharmaceutical companies. Let’s look at the news coming: 

Stock Ticker Company NameDecision DetailsEstimated Decision Date
BCLI

Brainstorm Cell Therapeutics Inc.

FDA panel to review NurOwn for the treatment of amyotrophic lateral sclerosis

9/27/2023
OCUPOcuphire Pharma, Inc.FDA decision on Nyxol for the treatment of pharmacologically induced mydriasis9/28/2023
AMGNAmgen Inc

FDA panel to discuss conversion of accelerated approval on LUMAKRAS for adults with previously treated locally advanced or metastatic KRAS G12C-mutated non-small cell lung cancer to full approval

10/5/2023
ALNY

Alnylam Pharmaceuticals Inc.

FDA decision on Onpattro for the expanded use in treating cardiomyopathy of transthyretin-mediated (ATTR) amyloidosis10/8/2023
BMYBristol-Myers Squibb Co.FDA decision on Opdivo as monotherapy adjuvant therapy for the treatment of completely resected stage IIB or IIC melanoma.10/13/2023
MRKMerck & Co Inc.FDA decision on Keytruda for the treatment of patients with resectable stage II, IIIA, or IIIB NSCLC in combination with platinum-containing chemotherapy as neoadjuvant treatment, and then continued as a single agent as adjuvant treatment.KRAS G12C-mutated non-small cell lung cancer to full approva10/16/2023
ARDX

Ardelyx, Inc

FDA decision on XPHOZAH for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis who have had an inadequate response or intolerance to a phosphate binder therapy.10/17/2023

Let’s look at some oversold and/or highly shorted stocks. 

Understanding oversold and highly shorted stocks is crucial for traders and investors as it prepares them to seize potential opportunities. Oversold stocks might represent a bargain if they are undervalued due to excessive selling. Highly shorted stocks are poised for what’s called a short squeeze. A rapid price increase that can occur when short sellers scramble to cover their positions. By staying informed, investors can be better prepared to navigate the market.

TSVT: This stock’s taken quite the tumble lately and hasn’t shown a solid bounce back. The daily MACD hints at some potential movement, while the RSI is deep in the oversold territory. And with the short float hovering around 20%, seems like shorts are feeling bold. It’s worth keeping tabs on this one for the next few weeks.

RUM: Here’s another one worth watching. RSI is way low, and MACD is nosediving. Very political stock. But hearing about it every where you go with all displatforming, anti-first amendment and censorship we’re seeing from other platforms. The Short float is around 15%, so that’s something to keep in mind. This one’s on our radar in the coming weeks. 

NCNC: The IPO scene has been nothing short of a roller coaster, right? NCNC jumped in not too long ago and, honestly, it’s been on a rapid descent. It’s in deep oversold territory now. Is there a chance it might ride the current IPO wave again? It’s one to watch, whether for its own potential or if the IPO trend picks up steam once more.

KIRK: Prior runner. Nose diving here with the markets. According to one source short float is sitting around 11%. It’s deep in oversold territory. MACD in the dirt, looking for a reversal pattern or candle. Don’t sleep on this one; keep it locked in your sights.

Oversold beat up stocks to eye,

LXRX, FTCH, DCGO, APPS, ULCC, MPW, SONN, BCLI, GROM, JNVR

Economic Calendar and Futures.

TIME (ET)REPORTPERIODACTUALMEDIAN FORECASTPREVIOUS
MONDAY, SEPT. 25     
 None scheduled    
TUESDAY, SEPT. 26     
8:30 amNew home salesAug. 698,000714,000
9:00 amS&P Case-Shiller home price index (20 cities)July  -1.2%
10:00 amConsumer confidenceSept. 106.0106.1
1:30 pmFed Gov. Bowman speaks    
WEDNESDAY, SEPT. 27     
8:30 amDurable-goods ordersAug. -0.5%-5.2%
8:30 amDurable-goods minus transportationAug. 0.8%
THURSDAY, SEPT. 28     
8:30 amInitial jobless claimsSept. 23 206,000201,000
8:30 amGDP (revision)Q2 2.3%2.1%
1:00 pmFed Gov. Cook speaks    
4:00 pmFed Chairman Powell speaks    
FRIDAY, SEPT. 29     
8:30 amPersonal incomeAug. 0.5%0.2%
8:30 amPersonal spendingAug. 0.5%0.8%
8:30 amPCE indexAug. 0.2%
8:30 amCore PCE indexAug. 0.2%0.2%
8:30 amPCE (year-over-year)  3.3%
8:30 amCore PCE (year-over-year)  4.0%4.2%
8:30 amAdvanced U.S. trade balance in goodsAug. -$90.9B
8:30 amAdvanced retail inventoriesAug. 0.2%
8:30 amAdvanced wholesale inventoriesAug. -0.2%
9:45 amChicago Business BarometerSept. 4748.7
10:00 amConsumer sentiment (final)Sept. 67.767.7

Alright, buckle up for the upcoming week. There’s a ton of economic news that’s going to make some waves. Kicking it off on Tuesday, Sept 26th, we’ve got a triple header with new home sales, the home price index, and a consumer confidence update. Plus, Fed Gov Bowman’s will be speaking. 

Rolling into Wednesday, we’ll be unpacking the durable goods orders. As for Thursday? A look at those initial jobless claims, a peek at the GDP, and Fed Gov Cook’s taking the stage. Oh, and yep, another J Powell speech is coming our way. Let’s see if he’s still on that hawkish vibe.

And just when you thought it was time to kick back for the weekend, Friday drops a data bomb. We’ve got the PCE for August, the year-over-year reading, and insights into personal income and spending. Whew! It’s a packed week, so stay sharp out there!

As of 6:29 PM EDT, market futures are  green. For more targeted insights and timely alerts, make sure to check us out at alertsandnews.com Don’t forget to use the promo code AAN10 for 10% discount on all our packages. Getting the team the first mover advantage. Get informed first with your command center for the markets. Don’t let the next big opportunity pass you by! Sign up today!

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