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Up over 150% on earnings surprise 🎁

Up over 150% on earnings surprise 🎁

not a bad way to wake up (if you're long)

March 21, 2023

Good day, 360 –

Here are our top trading ideas today – these setups look primed! Be the best prepared trader on the Street!

CISO - Earnings surprise sends CISO 150% higher in after-hours

HLIT - Up 8% in pre-market after Charter Communications selects Harmonic as its strategic technology partner

PEAR - Up 20% in pre-market after announcing on Friday they would be exploring strategic alternatives

*A message from Trending Stock News Report

🔥 Hot Stock of the Day 🔥

Elon Musk recently said…

A "license to print money”... sure sounds like a business I am interested in!

The problem is that there are only a handful of lithium miners that trade on the stock market.

The few that do, trade for huge valuations. Today, check out this tiny, 25-cent stock that is trying to go toe-to-toe with the big boys.

It is an amazing opportunity worth looking into right now.

This could be a wild day for the stock… read why right here.

Do your own research and I think you’ll be impressed by what you discover!

*Sponsored by Lifewater Media, see disclosures below

CISO - Earnings surprise sends CISO 150% higher in after-hours

Cerberus Cyber Sentinel Corporation (CISO) reported:

● $14.7 million in total revenue for the fiscal quarter ended December 31, 2022, an increase of $8.8 million, or 150%, compared to total revenue of $5.9 million for the fiscal quarter ended December 31, 2021.

● $46.5 million in total revenue for the fiscal year ended December 31, 2022, an increase of $31.4 million, or 207%, compared to total revenue of $15.1 million for the fiscal year ended December 31, 2021.

● $9.4 million in operating loss for the fiscal quarter ended December 31, 2022, a decrease of $23.5 million, or 71%, compared to $32.9 million in operating loss for the fiscal quarter ended December 31, 2021.

The 4th quarter BLOWOUT number surprised the market and the stock was gapping over 150% higher in the pre-market. As a reminder, this stock was trading above $3 late last year.

The $0.53-$0.56 area has been support so far in the pre-market and should be an important pivot level today.

Above it, targets to the upside are $0.70, $.80 and then the pre-market high of $0.92. Above that, $1, $1.20 and $1.40 come into play.

Below $0.53 potential targets to the downside are $0.50, $0.46, $0.40, $0.30 and then there is a gap to fill at $0.23.

HLIT - Up 8% in pre-market after Charter Communications selects Harmonic as its strategic technology partner

Harmonic (HLIT) announced that Charter Communications has selected Harmonic as its strategic technology partner to deploy virtual CMTS technology for next-gen broadband services. Harmonic has industry-leading CableOS Broadband Platform that enable multi-gigabit network convergence and deployment efficacy advantages.

The stock is up 8% on the news and Needham reiterated its Buy rating on HLIT with a $19 price target.

$14.25 was resistance in the afterhours and should be an important pivot level today.

Above it the first target for bulls is the after-hours high at $14.55. Beyond that targets to the upside are $15, $15.50, $16 which would be new 52-week highs and $17 above that.

Below $14.25, there is potential support at $13.75, $13.50 and then a gap to fill at $13.09.

PEAR - Up 20% in pre-market after announcing on Friday they would be exploring strategic alternatives

On Friday, Pear Therapeutics (PEAR) announced they would be exploring strategic alternatives. As part of its process, Pear is exploring the potential for an acquisition, company sale, merger, divestiture of assets, licensing, or other strategic transactions and/or seeking additional financing.

The stock gapped lower on the news but then ran 50% higher after the open. However yesterday a big seller came in and the stock made new all-time lows. After closing near the lows, PEAR was gapping over 20% higher this morning.

If someone liquidated their position yesterday, today could be a good trading opportunity to the long side especially if PEAR can be acquired at higher prices at some point. Credit Suisse has a $1 price target on the stock which is significantly higher than current levels.

The $0.25 area has acted as support in the pre-market and should be an important pivot level today.

Above it, targets to the upside are $0.29, $0.325 with the after-hours high of $0.3571 a major target for bulls. Further targets to the upside are $0.39 and then $0.5.

Below $0.25, there is potential support at $0.24, $0.21 and all-time lows at $0.20.

Economic Calendar (EST)

8:55am Redbook sales

10:00am Existing home sales

4:30pm API crude oil data

No Fed Speakers on Schedule

Earnings for Today (After Market)

AEY, AIR, ARRY, CAAP, CUE, DNAY, EPAC, EVOK, GME, HQY, HYPR, IDN, NAVB, NKE, PAYS, POAI, TBIO, TELA, UTRS, VNET

Top Headlines

KRTX announces $400M offering of common stock

EE Excelerate Energy Announces Amended and Restated $600 Million Senior Secured Credit Facility

FRPT Freshpet, Inc. Closes $402.5 Million Convertible Senior Notes Offering

MSFT ARK Investment bought 41K shares of Microsoft 3/20

TDOC ARK Investment bought 181K shares of Teladoc 3/20

NWBO and Advent BioServices Announce Receipt of License for Commercial Manufacturing at Sawston, U.K. Facility

FL Foot Locker to close 400 under-performing stores and 125 Champs Sports Axios

COEP: Coeptis Therapeutics' SNAP-CAR Technology Platform Highlighted in Peer-Reviewed Article in Translational Medicine

COYA Coya Therapeutics, Inc. Announces Positive Results from a Proof-of-Concept Academic Clinical Study for COYA 302 in Amyotrophic Lateral Sclerosis (ALS)

BGNE BeiGene Enters New Phase to Expand US Manufacturing and R&D Footprint in New Jersey

CFMS: Conformis Launches Patient Awareness Campaign to Highlight the Benefits of Personalized Knee Replacement Procedures

PYR: PyroGenesis Receives $700,000 Purchase Order for Three Plasma Torches

ALT: Altimmune Announces Positive Results from Week 24 Interim Analysis of Pemvidutide MOMENTUM Phase 2 Obesity Trial and 12-Week Phase 1b Type 2 Diabetes Safety Trial

CLBT: Cellebrite Announces Enhanced Solution Capabilities for Digital Investigations

PLUG: Plug Now Offering Turnkey Hydrogen Fuel Cell Solution that Delivers Savings Over Batteries for Forklift Fleets of 100 or Fewer

ALGM: Allegro MicroSystems Announces Switching Regulator Modules with up to Five Times Less EMI

IRON: Disc Medicine Announces Collaboration with National Institutes of Health for Phase 2 Clinical Study of Bitopertin in Patients with Diamond-Blackfan Anemia (DBA)

SKYT: SkyWater Establishes Cryogenic Lab, Utilizes FormFactor’s Leading Tool for RTS Noise Detection in Read-Out Integrated Circuit Applications

MNK Mallinckrodt to Present New Retrospective Data on Effect of Acthar® Gel (Repository Corticotropin Injection) to Reduce Corticosteroid Use and Burden for Advanced Sarcoidosis at the Academy of Managed Care Pharm

PLX Protalix BioTherapeutics Announces First Patient Dosed in First in Human Phase I Clinical Trial of PRX-115 for the Treatment of Severe Gout

BWXT: BWXT Awarded Engineering Contract from GE Hitachi for BWRX-300 Small Modular Reactor

DCO: Ducommun Incorporated Enters into Definitive Agreement to Acquire BLR Aerospace

STVN: Stevanato Group Collaborates with Thermo Fisher Scientific to Bring its Innovative On-Body Delivery System Platform to Market

SELB Phase 3 DISSOLVE Program of SEL-212 in Chronic Refractory Gout Meets Primary Endpoint

EVTV Envirotech Vehicles Announces Eligibility for Inflation Reduction Act's Commercial Clean Vehicle Credit

WTTR Select Energy Services announces $50M buyback program.

To Your Success!

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