This NASA stock is going to the moon, again, literally

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FOCUS LIST🔎

LEVI - Up over 13% in pre after reporting earnings and raising guidance  

LUNR - Up over 12% in pre after $30 million contract from NASA to work on Lunar Terrain Vehicle 

ZETA - Up over 5% in pre after Morgan Stanley upgrade and increased price target

HOTLIST🔥

LEVI - Up over 13% in pre after reporting earnings and raising guidance 

Levi Strauss & Co. (LEVI) designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears and related accessories under the Levi's, Dockers, Denizen, and Beyond Yoga brands.

In the after-hours yesterday, the company reported Q1 2024 Gross Margin of 58.2% Up 240 BPS over the prior year driven by lower product costs & favorable mix shift.

Diluted Loss Per Share was $(0.03) due to restructuring charges, adjusted diluted EPS was $0.26. 

LEVI also updated its fiscal 2024 guidance with Adjusted diluted EPS now expected to be between $1.17 to $1.27 vs. $1.15 to $1.25 previously.

The stock traded up over 12% in the pre-market after the earning report yesterday.

The $20.85 area was prior resistance and now becomes potential support. 

Above it, the first target for bulls is the pre-market high at $21.35. Beyond that, $22, $23 and $24 come into play.

Below $20.85, targets to the downside are $20, $19.60, $19 and then a gap fill at $18.66.

LUNR - Up over 12% in pre after $30 million contract from NASA to work on Lunar Terrain Vehicle

Intuitive Machines, Inc. (LUNR) designs, manufactures, and operates space products and services in the United States.

In the after-hours yesterday, it was reported that NASA had awarded LUNR and its Moon RACER team a $30 million contract as prime contractor to complete a Lunar Terrain Vehicle Services Feasibility Assessment. 

The contract tasks the Company’s global team with creating a feasibility roadmap to develop and deploy a Lunar Terrain Vehicle (“LTV”) on the Moon using Intuitive Machines’ Nova-D cargo-class lunar lander.

The first phase award marks the Company’s entrance into human spaceflight operations within NASA’s $4.6 billion LTV Services project.

The stock traded up over 12% in the pre-market after the news yesterday.

$6.75 was a resistance area in the after-hours and will be an important level to watch.

Above it targets to the upside are $6.90 and then the pre-market high at $7.04. Beyond that, $7.31, $7.60, $8, $9 and $9.59 come into play.

Below $6.75, targets to the downside are $6.50, $6.40, $6.20, $6.10 and then a gap fill at $5.98.

ZETA - Up over 5% in pre after Morgan Stanley upgrade and increased price target

Zeta Global Holdings Corp. (ZETA) operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. 

Earlier this morning, the company received an upgrade at Morgan Stanley (MS). MS upgraded ZETA from Equal Weight to Overweight with a price target of $17, up from $12.

The firm says that with a strong track record of "prudent" guidance and upcoming catalysts, it expects positive revisions to Zeta's estimates and valuation.

The stock traded up over 5% in the pre-market after the upgrade this morning.

$11.10 is the pre-market high and is the first major target for bulls.

Beyond that, $11.50, $12 and $13 come into play.

Below $11.10, targets to the downside are $10.75, $10.50, $10.30, and then $10.

MARKET NEWS 📰

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