HT Weekend Watchlist - Come Meet Me in NYC!

Humbled Trader's Weekly Stock Picks & Market Update

Author

Humbled Trader
May 26, 2024

Hey traders!

Are you based in NEW YORK CITY? đź‘‹

I’ll be back in NYC again this June. Come meet myself, fellow traders, investors, and other finance creators at this year's Blossom Investor Social tour.

We're excited to announce that we've secured the 5th&MAD venue, right in the heart of Midtown Manhattan. The event will have hanging out, TONS of food and drinks, a panel discussion and Q&A, and much more...

Event will take place on Sunday, June 30 at 6:00pm @ 5th&MAD

Space is limited! So make sure to grab your tickets soon before they sell out. Tickets include drink ticket, food and your very own swag bag.

Hope to see you there!

‎

‎

Data points provided by Stox.io Scanner. Captured AH 20:00pm ET Friday

ONMD $2.30

  • Stock gapped up on Friday and continued the second day breakout.

  • So far it has rejected the $3 daily key resistance.

  • Leaning bearish on this name. Watching if the stock can retest $3 again early next week. If it rejects and sells off, look for potential downside to $2 and lower.

  • However, if stock reclaims over $3 and starts trending, it is no longer a short as it can squeeze higher to 4s.

  • Position Disclosure: No Position

‎ 

Notable: high insider ownership%

IPW $2.03

  • Recent runner that had bounced off daily support after a sharp retracement.

  • Staying neutral on this name. It has a potential of reclaiming over the $2.10 KL and continue the uptrend. If it trends intraday, it has upside to $2.50-$3s.

  • However if its unable to break and hold above KL, it’s no longer viable for a long.

  • Position Disclosure: No Position

‎‎

NVDA $1069.07

  • Huge gap up move by the stock the last two days after its earnings report and 10:1 split announcement.

  • The stock is at all time highs, and if its able to keep trending above $1060 KL, it has more upside potential to $1100.

  • Leaning long biased on this name. I prefer to watch for a trend join long set up over KL midday early next week.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- GT Biopharma Inc ($GTBP) GT Biopharma, Inc. announces $3.2 million registered direct offering priced at-the-market under NASDAQ rules.
- How we traded: Former High of Day Breakout Long

- SPDR S&P 500 ETF Trust ($SPY) The stock market saw a bullish pressure during the premarket following a positive CPI announcement.
- How we traded: Backside Long

‎

Ready to Elevate Your Trading in 2024?
Check out the Humbled Trader community!

Trade alongside and engage in market discussions with like-minded traders, and learn from our team of experienced trading coaches.

  • NEW Options Course: A comprehensive course on Options Trading.

  • Humbled Trader Academy: Access exclusive educational resources on all things day trading, curated by Humbled Trader herself.

  • Premarket Planning Sessions: Plan your strategies effectively with daily premarket planning sessions.

  • Weekly Webinars: Stay informed and gain insights from expert-led weekly webinars and Q&A sessions.

  • Strategy Focus Chatrooms: Connect with our dynamic community in real-time for valuable insights and guidance… and more!

Your success story could be featured in one of our next “Top Trades of the Week” showcases! Learn more about our community and what we offer by clicking the button below.

‎

đź“Ł $NVDA Beats Earnings; Bull Run Continues.

NVIDIA Corporation recently reported strong quarterly results, exceeding earnings expectations with revenues of $26 billion and earnings per share (EPS) 15% higher than anticipated. Following this, analysts revised their forecasts, predicting revenues of $120.5 billion and EPS of $25.57 for 2025, reflecting a 51% increase in revenue and a 48% rise in EPS compared to the last year. Previously, estimates were $112.8 billion in revenue and $23.21 in EPS, indicating increased optimism.

Analysts also raised the price target by 14% to $1,166 per share, with the most bullish at $1,400 and the most bearish at $754. This range suggests some differing views, but not extreme variability. Analysts expect NVIDIA's annualized growth rate to reach 73% by 2025, significantly higher than its historical 37% growth and the industry's forecasted 17% growth, indicating a strong positive outlook for the company's future performance.

‎

Check out our latest video!

Email Disclaimer:
The Watchlist Emails are NOT trade alerts to buy or sell. We are not financial advisers. The above information is for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. We are merely sharing our opinion with no guarantee of gains or losses on investments. You accept our Terms and Conditions.