Stocks in Play - April 17th 2025

TLDR Stocks in Play: QURE, LLY, SOXL, HTZ

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Irish Born Investor
April 17, 2025 • Estimated Reading Time: 5 minutes

Stocks in Play - April 17th 2025

TLDR Stocks in Play: QURE, LLY, SOXL, HTZ

Welcome to today's Stocks in Play report. Below are the key stocks to watch, along with brief x-ray and analysis.

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1) UniQure N.V (QURE) (Rating: B+, Single-Day)

Industry Group: Biotech, Market Cap: $675m, Float: 49m, Short Interest: 8.8%, Days to Cover: 4, Exchange: NASDAQ

Catalyst: FDA has granted Breakthrough Therapy designation to AMT-130 for the treatment of Huntington's disease, a rare, inherited neurodegenerative disorder for which there are currently no disease-modifying therapies available. This designation is in addition to Regenerative Medicine Advanced Therapy (RMAT) designation, Orphan Drug designation and Fast Track designation, all previously granted by the FDA to AMT-130. Meaningful Short Interest. Breakthrough Therapy Designation is a strong catalyst. Back in 2024 we saw the stock make a 90% One Day Move. It is more than capable of doing similar here after consolidating in an orderly manner since then.

2) Ely Lilly (LLY) (Rating: B+, Multi-Day)

Industry Group: Pharmaceuticals, Market Cap: $775b, Float: 849m, Short Interest: 0.8%, Days to Cover: 1.9, Exchange: NYSE

Catalyst: Positive Topline Phase 3 Results for Oral GLP-1. Achieve-1 was consistent vs injectable GLP-1 Therapies. Statistically significant efficacy and safety profile in comparison with injectables. This daily pill is a a potential leap forward in availability and ease of use for GLP-1 Drugs. LLY has made an outsized 12% Pre-Market move so I am looking for a pullback type entry potentially to the $790 Gap area. Strong catalyst and good potential for a multi-day move and a reheating of this overall market theme.

Honorable Mention to: SOXL - Solid TSM Results put SOXL and Semiconductors in play today. EPS Beat along with Strong GMs and Operating margins. Guidance ahead of expectations for Q2. Full Year guidance unchanged. Bullish management commentary.

HTZ - This one required patience yesterday but wow did it go when it went! I could see it having a day two here. The setup is still quite strong. 280m of 300m shares are owned by Funds including Ackman (who reportedly has 20% stake) and there are 50m shares short. The company will likely do a stock offering though so that is worth being wary of. Will be a good day trade stock today if it can continue the afterhours strength.

Market Awareness

I’m still relatively short term bullish here. I think yesterday was a normal shakeout and we recovered in an orderly manner. This market is news driven and Tweet driven so just watch the VIX, if that is dropping then longs are worth considering. Knowing the playbook I think the administration will try to get something bullish out today before we close for the long weekend. It remains obvious that the market will literally rally on anything positive short term. Longer term I don’t think we will be back at all time highs anytime soon!

Tomorrow Morning I’m Watching: NFLX (Earnings)

Top Pick Watchlists:

Sources & Services I Use in my Trading:

PS: There are many ways to trade stocks in play. It does not have to be the one that keeps going straight up and sometimes it doesn’t even have to be day one of the catalyst. Everyone must find a setup, timeframe and method that works for them. This list is supposed to educate on the criteria I use and the methods in which I find Stocks in Play. Yours may differ and that is completely okay.

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