In this article and video, Insider Financial recaps Thursday's stock market action and looks at the small caps on our watchlist for Friday.
This video covers SPY, QQQ, DIA, IWM, TLT, BTC, HOOD, LAC, GERN, CDLX, RILY, IMPP, ROKU, PAYS.
Video Summary
U.S. stocks on Thursday ended lower while Treasury yields surged to over two-week highs, after economic data showed hot inflation and weak consumer spending.
Tomorrow, the stock market could see extra volatility with triple witching day featuring the simultaneous expiration of stock options, stock index futures, and stock index options contracts.
10:00 am The University of Michigan's consumer sentiment report will be released.
GERN FDA news
CDLX earnings out. Market liked it.
B. Riley (RILY) 82% short interest.
Imperial Petroleum (IMPP) 76% short interest.
Both on watch for catalysts to squeeze the short.
ROKU $511k insider buy.
PaySign (PAYS) $500,000 insider buy.
We also have a bonus stock report out subscribers tonight for Friday's session. Make sure to sign up so you don't miss any of our reports!
Bottom Line
As we keep saying, there are always opportunities in the markets, and it’s our job to find winning stocks to trade. Huge gains can be made in such a short amount of time.
It’s essential to look for stocks that have yet to run. There are plenty of opportunities, and we look at hundreds of stocks weekly for our subscribers.
Remember, all it takes is one or two to become a winner, and you’ve crushed the market indices (and Jim Cramer) for the year.
Good luck to all (except the shorts and Cramer)!
WHEN INSIDER FINANCIAL HAS A NEW COMPANY TO RESEARCH, IT IS IMPORTANT TO PAY ATTENTION. AFTER ALL, OUR FREE NEWSLETTER PROFILED MANY TRIPLE-DIGIT WINNERS FOR SUBSCRIBERS. WE ALWAYS ARE LOOKING FOR MOMENTUM BEFORE IT HAPPENS!
Disclosure: We have not been compensated for this article/video. Insider Financial is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Discover Hidden Gems
Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.
