Stocks in Play - February 3rd 2025

TLDR Stocks in Play: Leveraged ETFs or Sit on Hands

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

If you find this Newsletter helpful and ever want to say thank you then feel free to Buy Me a Coffee. It’ll inspire me to work faster….

1) Leveraged ETFs (TQQQ, SPXL, SQQQ etc.) (Rating: C, Single-Day)

Catalyst: Raised VIX the entire market will be correlative today. You are best off trading a major stock or else ETFs. Trying to be too smart on days like this will get you burned. There is likely to be plenty of volatility. I expect overshoots of key levels and reversals back into them. There will almost certainly be market moving news headlines today. No need to be a hero.

Honorable Mention to: SSYS - Pre Announced a solid Earnings Beat. Beat on Revs, Gross Margins, Operating Income and also announced a $120m investment from Fortissimo Capital a well known Israeli PE Firm. Stock is severely neglected and received an upgrade this morning from Needham with a $12PT. Worth keeping an eye on. Very low volume pre market.

Market Awareness

We have had a strong gap down in the Futures overnight. Tariff panic is hitting. There are a few things I’m taking note of. First of all these tariffs do not come into effect until tomorrow Tuesday 4th. There is plenty of time today for an agreement to postpone them for negotiations. On the flip side if the day goes by and there is no plan to call them off or delay them then I think we can look at further downside during the week.

I’m not going to be following the headlines much, just the price action and notably the VIX. Today is a day where Trump Bombs will whip the market every which way. You are likely to have plenty of commentators from the administration and from other countries do plenty of saber rattling.

For that reason I am looking at indexes and quick day trade opportunities on big name stocks at key levels. Trimming fast looking for singles. I will be in no rush whatsoever at the open.

After Hours I’m Watching: PLTR, DOC, NXPI (Earnings)

Tomorrow Morning I’m Watching: PFE, PYPL, SPOT, ADM (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

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.}