To The Moon

We have seen $Reddit(RDDT)$ surge by 14% on revenue beat, though they have net loss but that is driven by IPO expenses, first profitable Q1 on an Adjusted EBITDA basis. I would be more interested in its user acquisition because this is a social media platform. Daily active unique visitors were 82.7 million, up from 60.3 million in the prior year's quarter. Reddit defines a daily active unique as a user that the company can identify with a unique identifier who has visited a page on the Reddit website or opened a Reddit application at least once during a 24-hour period. This figure has showed us Reddit potential as a social media platform which has gone public. But in this article, I want to look at technical analysis to see if we can trade Reddit

The S&P 500 remained relatively unchanged, while the Nasdaq Composite (COMP) saw a slight decline of 0.2%. The Russell 2000 index reported a 0.5% decrease. Yet we saw the Dow Jones Industrial Average (DJIA) experienced a gain of 0.4%, rising by 172 points. Market is trading within narrow ranges and started off low but gradually recovering although the overall market sentiment was somewhat negative. Significant Sector and Stock Performance Uber declined significantly by 5.7% in the S&P 500 after its earnings went below expectations. This does not affect the S&P 500 industrials, in fact we saw a small gain in this sector. Information Technology, Financials and Utilities sectors ended the session positively. Real Estate and Materials sectors ended in the negative. Several stocks

$CME Bitcoin - main 2405(BTCmain)$ have been on the downward trend, and Bitcoin is just trading above the 60K level at time of writing. There have been growing divergence in performance between Bitcoin and Ethereum during the 2023-24 cycle thus far. We are seeing this divergence manifest as weaker price performance for Ethereum, this is due to the weaker market capital rotation trend, as we can see in the below charts, BTC and ETH are having a lower relative to past cycles and ATH breaks. Initial Sell-Off From Fourth Bitcoin Halving We saw the fourth bitcoin halving leading to a sell-off initially with BTC prices falling to $57k before recovering swiftly. This recorded the lowest pullback since the FTX saga lows. Ethereum saw similar price

$Lyft, Inc.(LYFT)$ has reported first-quarter revenue and profit above expectations, and they have also projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday (07 May 2024). The projection forecast is driven by robust demand for its services and benefits from new user and driver features. Lyft has been luring consumers with shortened wait times for some pre-scheduled rides and drivers with minimum wage guarantees while trimming costs to boost profitability. We also need to understand that Lyft has performed a cost cutting by reducing hundreds of jobs, losses reduced and managed to keep their fare increases in check. This is reflected in the costs slashed by 13% and narrowed its net loss by 78% in 2023. In

Stock market presented mixed results at close session on 07 May 2024. The Nasdaq Composite edged down by 0.1%, affected by declines in major technology and semiconductor stocks. In contrast, both the S&P 500 and the Dow Jones Industrial Average saw slight gains of 0.1%. The Russell 2000 outperformed, posting a 0.4% increase. The market breadth was mixed, with a slightly positive tilt in the number of advancing stocks versus declining ones on the NYSE, whereas the Nasdaq saw a marginal dominance of decliners. Sector Performance - Consumer Staples and Materials Win The majority of S&P 500 sectors ended the day on a positive note, with only three sectors recording losses. Consumer discretionary and information technology sectors experienced the largest declines, while materials and

S&P 500 continue to extend its advances, though closing at a modest 0,13% On Tuesday (07 May 2024). We have seen stocks extending their advances. This makes me wonder is this a new trend or merely ongoing consolidation? Monday (06 May)’s trading session was bullish, with the S&P 500 index gaining 1.03% and closing at the highest since 11 April. Last Friday (03 May), the index gained 1.3% following a 0.9% advance on Thursday (02 May 2024). So why did stock prices advance? Investor Sentiment Remained Positive Following a series of quarterly earnings releases last week and less inflationary economic data, possibly signaling Fed monetary policy easing, investor sentiment remain positive. On 19 April (Friday), the index hit new medium-term low of 4,953.56. This marked its lowest level s

$SIGA Technologies Inc.(SIGA)$ is expected to release earnings on 07 May 2024 after the market closes (AMC). Technicals is showing uptrend ahead of the earnings, and SIGA has been performing since its last earning report on 12 March 2024, so this might be a stock we could look at in the long term. SIGA Technologies (SIGA) Last Reported Earnings SIGA last reported earnings on 12 March 2024 after the market close (AMC). SIGA shares gained +21.2% the day following the earnings announcement to close at 6.01. Following its earnings release, 56 days ago, SIGA stock has drifted +72.9% higher. From the time it announced earnings, SIGA traded in a range between 5.90 and 10.83. The last price (10.39) is closer to the higher end of range. If we looked at h

On Monday (06 May 2024), we saw the stock market continued its upward trend from last Friday. The S&P 500 rose by 1.0% to close at 5,130, marking its highest level since 11 April. The Nasdaq Composite and Russell 2000 both increased by 1.2%, while the Dow Jones Industrial Average saw a more modest gain of 0.5%. Throughout most of Monday trading session, the market maintained a narrow range but we could see that there is a surge in buying activity 30 minutes just before actual session closed, this surge helped both the S&P 500 and Nasdaq Composite to a new intraday highs. Significant Stock and Sector Performance Monday’s gains were broad-based, with the equal-weighted S&P 500 closing up by 0.8%. Mega cap and semiconductor sectors provided the significant contributions. The Va

We had seen the stocks advanced on last Friday, fueled by the Thursday’s earnings release from $Apple(AAPL)$ and the monthly jobs data that was released before the session opened. The S&P 500 index gained 1.26% following a 0.9% advance on Thursday. The market was the highest since April as the index went back above the 5,100 level. Last night (Monday 06 May 2024, S&P 500 index gained another 1.03% following last week strong performance. On Friday, April 19, the index hit a new medium-term low of 4,953.56. This marked its lowest level since late February, with a decline of over 311 points or 5.9% from the record high of 5,264.85 on February 28. Recently, stock prices rebounded as tensions in the Middle East eased, and investors shifted the

$Reddit(RDDT)$ will report its Q1 results after Tuesday's close, marking its first turn in the earnings spotlight since the social media platform's late-March initial public offering (IPO). Reddit has become one of the best sources to train generative AI (artificial intelligence) large language models (LLMs), Over the past 18 years, Reddit’s content library contains 1 billion posts and 16 billion comments collected. The platform itself hosts 1.2 million new posts and 7.5 million new comments every single day, This should give RDDT pricing power given there are no high-quality substitutes at a similar scale. Market is expecting Reddit to report a first-quarter per-share loss of $8.71 with $212.8 million in revenue. Reddit (RDDT) Implied Straddle Im