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A Big Short Squeeze...

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Wed, Feb 28, 2024 01:15 PM

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Beyond Meat rises 53% in premarket trading after price hike impacts 37.6% of the company's free floa

Beyond Meat rises 53% in premarket trading after price hike impacts 37.6% of the company's free float. [Trade of the Day Wake-Up Watchlist] Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were down on Wednesday as investors take in new data. Tech giant Nvidia Corp fell by as much as 2.1% in premarket trading, which led to the tech-heavy Nasdaq falling by almost .4%. Now the attention shifts to the U.S. GDP and inflation numbers. Also, a strong line-up of bank speakers could offer more clues into potential rate cuts. It’s Wednesday and once a week our Head Trading Tactician Bryan Bottarelli makes a [7-minute trade]( that he’s guaranteeing an 80% win rate on. [Click here to unlock the next pick before it’s too late.]( Here’s a look at the top-moving stocks this morning. Beyond Meat (Nasdaq: BYND) Beyond Meat is up 53.46% in premarket after the plant-based food provider raised prices and implemented significant cost reductions. This move triggered a short squeeze, impacting the 37.6% of the company's free float that was shorted, equivalent to shares worth $172.6 million. eBay Inc. (Nasdaq: EBAY) eBay is up 4.51% in premarket due to its Q4 earnings surpassing Wall Street estimates. The company reported adjusted earnings of $1.07 per share, outdoing the forecasted $1.03, on revenues of $2.56 billion. Additionally, eBay announced an 8% dividend increase and authorized an additional $2 billion for stock repurchases. Earnings reports have the potential to serve as major catalysts for a stock’s movement. But the truth is… there are more [potential gains to be had AFTER earnings](. Our Lead Technical Tactician Nate Bear is currently playing what he calls the “post-earnings surge” in his latest service, Profit Surge Trader. [Click here to see how Nate trades just ONE TICKER over and over again for maximum potential gains.]( [The AI Singularity Clock Is Ticking]( We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. [Click here to ensure you'll be on the right side of this historic event.]( First Solar (Nasdaq: FSLR) First Solar is up 6.21% in premarket trading despite lower sales for the solar-panel manufacturing company. It earned $3.25 per share on sales of $1.2 billion for the December quarter. On average, analysts projected the Arizona-based company would post earnings of $3.14 per share on sales of $1.31 billion. However, its guidance was strong, as it projects that its earnings per share for 2024 will fall between $13 and $14. That would nearly double its 2023 earnings per share of $7.74. Advanced Auto Parts (NYSE: AAP) Advanced Auto Parts is up 7.64% premarket after its latest earnings report. Its earnings fell in line with analysts' expectations in Q4 FY2023, with revenue flat year on year at $2.46 billion. Its Q4 net sales slightly increased by 0.4% year-over-year, with a full-year increase of 1.2%. [This "AI parallel" stock is expected to grow 12,300% by 2030.]( Just $5,000 could turn into a $620,000 windfall. [Full Details Here]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.

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