Market extended at all-time high, who benefits?

Join two Pros at 12pm EST today to discuss!

Join @12pm EST Today I Futures Closing Tonight (serious traders only**)

Good morning, 360!

Just a note pro Futures Trader, Taylor Conway, will be joining Jeff Bishop in the MarketMasters Room about the Market being extended at an all-time high.  

➡️ As a Futures trader, how is Taylor going to trade and why?  

➡️ What does Jeff think about the Market, and how will he trade using my preferred strategies and why?  

➡️ Will their perspectives line up?

FOCUS LIST

GETR - Up over 100% after reporting better than expected earnings

BRSH - Up over 100% after agreeing to merger with Arrive Technology

GNS - Up over 30% after increasing full-year net profit guidance

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HOTLIST🔥

GETR - Up over 100% after reporting better than expected earnings

Getaround Inc (GETR) operates an online marketplace for peer-to-peer car sharing. 

In the after-hours yesterday the company reported better than expected EPS of -$0.29 vs-$1.38 expected. Revenue came in at $23.8 million, up from $16.74 million expected.

The stock traded up over 100% in the pre-market in reaction to the positive earnings release.

The $0.30 area was resistance in the after-hours and acted as support in the pre-market.

Above it, targets to the upside are $0.35, $0.40 and then the pre-market high of $0.45. Beyond that $0.5, $0.6, $0.7 and $0.8 come into play.

Below $0.30, there is potential support at $0.25, $0.20 and a gap to fill at $0.1650.

BRSH - Up over 100% after agreeing to merger with Arrive Technology

Bruush Oral Care Inc (BRSH) is an oral care company that manufactures and sells electric toothbrushes in the United States and Canada.

Earlier this morning, the company announced an agreement and plan of merger with Arrive Technology with an all-stock transaction. The Combined Company is expected to operate under the name Arrive Technology Inc. with its shares listed on the Nasdaq Capital Market under the ticker symbol ‘ARRV'.

The combined company will focus on the advancement and implementation of Arrive's smart Mailbox-as-a-Service (MaaS) platform that makes the exchange of goods between people, robots and drones frictionless through the use of artificial intelligence ("AI").

BRSH is trading up over 100% in reaction to the news of the merger. 

The $0.35 area was resistance in the pre-market and now becomes an area of potential support.

Above it, targets to the upside are $0.40, $0.43, $0.45 and then the pre-market high of $0.46. Beyond that, $0.53, $0.7 and $1 come into play.

Below $0.35, there is potential support at $0.3, $0.25, and then a gap to fill at $0.17.

GNS - Up over 30% after increasing full-year net profit guidance

Genius Group Limited (GNS) through its subsidiaries, provides entrepreneur education system business development tools and management consultancy services to entrepreneurs and entrepreneur resorts.

Earlier this morning, the company announced that it expects full year 2023 revenue in the range of $27 to $29 million, implying a 43-60% increase year over year (YoY). The company also guided net profit or $3 to $5 million from prior guidance of -$15.5 to -$17 million net loss.

The stock is trading up over 30% in pre-market after the increased guidance was announced.

$0.76 area has been a major level of resistance so far in the pre-market. 

Above it, the first major target is pre-market high at $0.7994. Beyond that, targets to the upside are $0.85, $0.90, $1, $1.15, $1.20 and then $1.50.

Below $0.76, there is potential support at $0.72, $0.70, $0.67 and then a gap to fill at $0.59.

MARKET NEWS

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