Will SoFi Technologies (SOFI) benefit from the debt limit raise?
$SoFi Technologies Inc.(SOFI)$ has seen its rally over the last week, as the market await the news of a debt limit raise vote approval by congress and senate. Now we have seen debt limit approval coming to an end. SoFi Technologies stands to benefit from it. From what I foresee US student loan payments will resume in August based on debt limit compromise. But we could be looking at a earlier period, this is why as a large student loan servicer, student loan originations could quadruple from current levels. SOFI Advantage of lengthy growth runway As we can see from the past events since March 2023, financial institutions to ensure the safety of their money depositors are in focus. This is even more important as we need to remember that the bank ru
There have been some up and down performance movement for the Chinese ADRs stocks. I have placed these following Chinese ADRs in my watchlist. Asia to boost Global Economy in 2H 2023 IMF has an article which outlined the Asia region will contribute about 70 percent of global growth this year—a much greater share than in recent years. https://www.imf.org/en/Blogs/Articles/2023/05/01/asia-poised-to-drive-global-economic-growth-boosted-by-chinas-reopening I will look at China in particular as they are already 6 months into their reopening, many of the huge infrastructure projects have been onto timeline. I would expect many of these major projects to be delivered in 2H of 2023. This would bring about a lot of economic activities from China. Hence, it would be good to look at Chinese ADRs wh
13.8% Scalp Trade Gain on LAVA Therapeutics (LVTX) - Use MAVOL + Bull/Bear Strength
Another quick scalp trade using MAVOL and Bull/Bear strength on $LAVA Therapeutics N.V.(LVTX)$ LVTX was the stock pick by A.I. for 02 June 2023. You can refer to the previous article here: Today(02 Jun) Stock Pick From A.I. model - LAVA Therapeutics N.V. (LVTX) I was monitoring this stock in premarket and decided to only go in once market open by following my trading plan using MAVOL. Check Entry Point using MAVOL I begin to see that the MAVOL5 is greater than MAVOL10 at around 9.30am(EST). I think it is a good time to enter@$2.24. This is not the lowest price to enter, but it works just fine. For the exit price I would use Trading View Bull/Bear Power and MAVOL for confirm
How I would comprehend the labor data released Friday (02 June)
The U.S. Unemployment Rate (May) and U.S. Nonfarm Payrolls (May) data have been released at 8.30am(EST). There is an increase in U.S. Nonfarm Payrolls, but the unemployment rate is higher at 3.7%. The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Payrolls in the public and private sector increased by 339,000 for the month, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth. The unemployment rate was at 3.7% against the estimate for 3.5%, just above the lowest level since 1969. Market like when the nonfarm payrolls increase in April Market was up more than 1% when nonfarm payrolls increase in April. The S&P 500 rose 75.
Today(02 Jun) Stock Pick From A.I. model - LAVA Therapeutics N.V. (LVTX)
Today (02 June 2023) the premarket futures is higher, as investors are positive after US default threat is ending with senate passed legislation to suspend the US debt ceiling and believe that a rate hike pause in June might be in the horizon. Dow, S&P500, NASDAQ and Russell are all in the green. I would expect market to open higher today. Here is the today’s stock pick by A.I. We have $LAVA Therapeutics N.V.(LVTX)$ as a lead candidate was selected for further development toward clinical studies by Janssen Biotech. I would look at target Entry Price to be around $2.25-$2.45, if it goes below $2.25 I will check Bear strength , if go above $2.70 and maintain, LVTX could be headed above $3.50. LAVA Therapeutics N.V. (LVTX) Technical Analysis F
Can U Power (UCAR) have a 2nd Surge today (02 June)?
$U Power(UCAR)$ informed that they have entered into a framework strategic cooperation agreement with Quantum Solutions on May 31. Under the agreement, Quantum Solutions with their deep understanding of Japan’s market and consumer needs, will be advising U Power on the selection and development of suitable EV models. In return, U Power (UCAR) will provide Quantum Solutions with its battery-swapping technology, products, and compatible cloud service platforms as per its requirements. Both companies will also plan to recruit other strategic partners in the field of new energy storage, such as battery developers. They might form a joint venture in the future to further pursue their strategic cooperation. This is a very positive strategic cooperation
How I would see BofA 3-Condition Rate Hike Checklist?
Bank of America (BofA) has reaffirmed its base case expectation that the Federal Reserve will not implement a rate hike in June, though the bank maintains an inclination towards a hike in the future, noting that it's a "close call". According to BofA, three conditions need to be met for a Fed rate hike: strong economic data, an increase in the debt ceiling, and subdued regional bank stress. The bank also believes that inflation remains too persistent for the Fed to commit to a prolonged pause in rate increases. Even if the Fed decides to forego a rate increase in June, BofA suggests that it will keep the possibility of a July hike on the table. Maybe we can look at how these 3 conditions can be looked at. Condition 1 - Strong Economic Data With the most recent economic data released so f
Quick 17.58% Wearable Devices Ltd. (WLDS) Gain within 20 mins Scalp Trade
It has been a while since I posted how I trade using MAVOL and Bull/Bear strength. Today I did a quick scalp trade on $Wearable Devices Ltd.(WLDS)$ once market open at 9.30am(EST). Manage to grab a 17.58% gain within 20mins. Trade using Trading View Bull/Bear Strength Enter at $1.82 once the Bear strength ended when market open at 9.30am(EST) into Bull strength, manage to catch not the lowest price, but good enough. So manage to exit at $2.14 with combined analysis with MAVOL, and when Bull strength reach the high. Trade using App MAVOL (5 min chart) As mentioned previously, there was some selling once market open, but Bull strength start to form, making it a good entry price at $1.82. So i decided to monitor the MAVOL, and once the MAVOL5 is gr
Today(01 Jun) Stock Pick From A.I. model - Chewy, Inc. (CHWY)
Today (01 June 2023) the premarket futures is mixed, as investors might be still concerned that rate hike might be coming back. BoA has arguably mentioned that these 3 conditions are met. strong economic data, an increase in the debt ceiling, and subdued regional bank stress https://www.forexlive.com/centralbank/boa-says-the-feds-3-conditions-for-a-rate-hike-have-been-met-20230530/ Here is the today’s stock pick by A.I. We have $Chewy, Inc.(CHWY)$ as they have reported a surprise profit of 20 cents a share, beating estimates for a loss of 4 cents a share. I would look at target Entry Price to be around $33-$33.50, if it goes below $33 I will check Bear strength , if go above $34.50 and maintain, CHWY could be headed above $36. Chewy, Inc. (CHW
Pharma Stock to look out: Fusion Pharmaceuticals Inc. (FUSN)
Following the earlier article I have shared, I will be on the look out for potential pharmaceuticals stock to trade or invest. One of the stocks which has a recent upward trend is $Fusion Pharmaceuticals Inc.(FUSN)$ Let me try to explain why I would think we can look out for this stock. Who is Fusion Pharmaceuticals (FUSN)? Fusion is a precision-oriented biopharma firm, looking into cancer treatments. Fusion is focused on radiation therapies, using a proprietary development platform and technology to create targeted alpha therapies (TATs), for a safer route in the use of radiopharmaceuticals. Fusion Pharmaceuticals (FUSN) Technology Competitive Advantage Fusion’s TAT once connected to their Fast-Clear linker technology in a combination which allo