- 360 WallStreet
- Posts
- Market extended at all-time high, who benefits?
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**)
*Sponsored by Masterworks
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
This painting sold for $8 million and everyday investors profited
When the painting by master Claude Monet (you may have heard of him) was bought for $6.8 million and sold for a cool $8 million just 631 days later, investors in shares of the offering received their share of the net proceeds.
All thanks to Masterworks, the award-winning platform for investing in blue-chip art. To date, every one of Masterworks’ 16 sales out of its portfolio has returned a profit to investors. With 3 recent sales, investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but readers can skip the waitlist with this exclusive link.
Past performance is not indicative of future returns, investing involves risk. See disclosures: masterworks.com/cd
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
VOTE!!!
The Fed now expects 3 rate cuts in 2024: |
Questions or concerns about our products? Email [email protected] © Copyright 2022, RagingBull
DISCLAIMER To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer
*Sponsored content: We’re a proud affiliate for Masterworks, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.
**Sponsored content: We’re a proud affiliate for Algo Futures Pro, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.
RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.
RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull. com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.
RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull. com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull. com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.
WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.
Reply