Stocks in Play - April 8th 2025

TLDR Stocks in Play: CRMD, BTU, AVGO, Healthcare Stocks

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) Broadcom Inc. (AVGO) (Rating: B, Single-Day)

Industry Group: Semiconductors, Market Cap: $725b, Float: 4.6b, Short Interest: 1.18%, Days to Cover: 1.7, Exchange: NASDAQ

Catalyst: Authorized $10b stock buy back. This is more of interest that AVGO and Semiconductors can lead today. Nice catalyst that should help the entire sector move especially after such a steep sell off. Wanting it to hold $160 in the early open and push up from there if the market really squeezes.

2) Healthcare Stocks (Rating: B, Single-Day)

Catalyst: Medicare Advantage Providers getting 5% rate increase which is far above the Biden admin proposal of 2%. Lots of healthcare names moving this morning. UNH, HUM standing out, CVS also out with positive Guidance update.

Honorable Mention to: CRMD - Biotech beat on Earnings (Pre Announce) and raised guidance, 50m Float, 14% Short Interest & 6 Days to Cover. Relatively low volume premarket but worth keeping an eye on. BTU - Another high short interest popping on Trump executive order to boost coal industry. Float 120m, 14% Short Interest, 4 Days to Cover.

Market Awareness

Strange day yesterday. We had the flush I wanted. I got somewhat lucky that I got long on the undercut of the pre market TSLA low as well as NVDA & AMZN watching while the QQQ coming into the same area only for the fake tariff delay news to hit moments later rocketing all of them. Rightly or wrongly I took all of my profits and didn’t leave any runners after the news was debunked. With such a crazy daily range yesterday from an overall market view I feel somewhat in no man’s land here.

I think we have set a lower high and now we will get another day at least of a technical bounce before more selling takes place. I aim to concentrate on standard Stocks in Play today but will be watching the VIX to see if that rallies again. It should steadily drop downward today. If it starts to ramp then we will likely see an overall market fade occur.

Today feels squeezy for the low quality highly shorted names. And could be a bit of a ‘‘Throw a Dart’’ day. So get good entries with solid Risk/Reward. Expect some fading at the open into key levels then rebound upward.

After Hours I’m Watching: CALM, AEHR, KRUS (Earnings)

Top Pick Watchlists:

• Top Picks - November 2024

  • LONG: ALAB, HNST, SNOW, ESTC, RKLB, SMTC, URBN, PLTR, GAP, TSLA, SE, RDDT

• Top Picks - December 2024 

  • LONG: CRDO, MRVL, OKTA, FIVE, RBRK, AVGO

• Top Picks - January 2025 

  • LONG: CEG, FUBO, BLK, GE

• Top Picks - February 2025 

  • LONG: MAT, PINS, AXON

Sources & Services I Use in my Trading:

• Finviz - Short Interest, Float, Articles, Fundamentals (Free)

• Benzinga Pro - News Source + News Squawk + Earnings Data (Paid)

• Tradingview - Charting & Scanning (Paid)

• Koyfin - Fundamental Data (Paid)

• EarningsWhispers - Earnings Calendar (Free)

• Tradersync - Trade Journal (Paid)

_{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.}