NVDA Wasn't the Only Stock With Moves This Week

Here's what Green Zone Power Ratings says… Published By Money & Markets, LLC. February 24, 2024 Published By Money & Markets, LLC. February 24, 2024 [Turn Your Images On] NVDA Wasn't the Only Stock With Moves This Week Editor's Note: Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it's time to buy in. That's what today's Money & Markets Daily is all about. We'll show you some of the week's biggest movers and then run them through Adam O'Dell's proprietary Green Zone Power Ratings to see how they stack up. - Nvidia Corp. (Nasdaq: NVDA): The market braced for the ["Bullish"]( chipmaker's earnings report on Wednesday, waiting to see if AI's trend was here to stay. And after a blockbuster call, investors piled in and triggered a broader bull market rally. The stock jumped 18% between Wednesday's and Friday's close. - Rivian Automotive Inc. (Nasdaq: RIVN): On the bearish side of the market, executives for this electric vehicle maker said the company's on track to fall well short of production expectations in 2024, and it's laying off 10% of its workforce. It was another blow to the ["High-Risk"]( stock as shares sank more than 30% to close out the week. - Fox Factory Holding Corp. (Nasdaq: FOXF): Sticking with earnings surprises, this popular bike part manufacturer posted a massive earnings miss due in part to softer demand for bikes and auto worker strikes hurting other aspects of the business. It reported $0.48 earnings per share, but analysts expected $0.82 per share! That triggered a 27% sell-off for the ["Neutral"]( stock on Friday. - Carvana Co. (NYSE: CVNA): It finally did it. CVNA posted its first annual profit ever on Thursday, and it was music to investors' ears. This stock is still rated ["Bearish,"]( but that could improve after this news. It already has a strong Momentum rating, and that was on display Friday as shares jumped 30% higher. This week’s biggest movers were rated all over the place in Adam’s Green Zone Power Ratings system. If you’d like to see every “Bearish” and “High-Risk” stock each week, [click here]( to find out more about Adam’s “Sell Alert.” Have a great weekend! — The Money & Markets team --------------------------------------------------------------- Top Research From the Last Week [Turn Your Images On]( [Weekend Research, Monday Buys: How We Drive Price Action]( [Turn Your Images On]( [$7 Trillion “Old Boys’ Club” Doesn’t Want You to See This…]( [Turn Your Images On]( [Wall Street Thinks It Has an AI Edge]( [Turn Your Images On]( [NVDA vs. AMD in the Battle for AI Dominance]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. 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It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](