Stocks in Play - January 24th 2025

TLDR Stocks in Play: NVO, LUNR, TWLO

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) Twilio (TWLO) (Rating: B, Multi-Day)

Industry Group: Packaged Software, Market Cap: $20.9b, Float: 172m, Short Interest: 2.1%, Days to Cover: 1.07, Exchange: NYSE

Catalyst: Pre Announced at an investor day. Raising their Revenue guide to 11% YoY vs previous 7%. This acceleration is quite bullish for this beaten down former Tech darling stock which hit highs of $400 during the Covid Bubble. Management tend to be somewhat positive all the time but this should have some legs. Coming out of a nice consolidation. Some big Upgrades from A+ Analysts Baird from $115 to $160 and JP Morgan from $83 to $130.

2) Novo Nordisk (NVO) (Rating: A, Multi-Day)

Industry Group: Pharmaceuticals, Market Cap: $270.9b, Float: 3.38b, Short Interest: 0.1%, Days to Cover: 1.11, Exchange: NYSE

Catalyst: Positive Topline Data from Phase 1b/2a trial. The primary endpoint was the treatment of emergent adverse events. People treated with amycretin achieved an estimated body weight loss of 9.7% on 1.25mg (20 weeks), 16.2% on 5mg (28 weeks) and 22.0% on 20mg (36 weeks).

Stock extremely beaten down after a negative narrative in the company’s race vs competitor. Only negative here is that it’s an ADR that tends to not have a huge intraday range. Nice level at $89 to work against if it pulls back near the open. Candidate for a multi day run.

Honorable Mention to: LUNR - Moving on a small $2.5m NASA contract announcement. Shouldn’t move it but hot sector.

Market Awareness

Bullish on the market. Nice tight range action yesterday. Big week next week. Have had a solid week so don’t intend on going wild here but think we could get some nice moves today in stocks.

I would be wary against shakeout early next week so will be looking at Day Trades in the Stocks in Play I have identified. Hitting Singles is still my game.

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.}