With earnings season coming to an end, one could make the argument that trading can become a little easier – especially swing trading.
Post-earnings season is also typically a time when financial professionals will evaluate a stock’s performance through a previous quarter, forecast /expectations into the next quarter, and maybe even buy or short the stock itself if they feel it’s worth the money.
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| MGNX | MacroGenics Inc | Biotechnology | 78.56% | 4,988,791 |
| MARK | Remark Holdings Inc | Internet Content & Information | 79.26% | 32,891,037 |
| VIAC | CBS Corporation Common Stock | Entertainment | 23.23% | 13,518,339 |
| ZOM | Zomedica Pharmaceuticals Corp | Drug Manufacturers – Specialty & Generic | 29.63% | 34,026,824 |
| ATHX | Athersys Inc | Biotechnology | 1.96% | 7,142,421 |
| DVAX | Dynavax Technologies Corporation | Biotechnology | 5.87% | 2,570,478 |
| ROKU | Roku Inc | Pay TV | 31.20% | 12,936,648 |
| NURO | Neurometrix Inc | Medical Instruments & Supplies | 51.49% | 2,049,165 |
| TSLA | Tesla Inc | Auto Manufacturers | 35.26% | 17,846,430 |
| MVIS | Microvision, Inc. | Scientific & Technical Instruments | 81.52% | 35,749,454 |
| AMRS | Amyris Inc | Specialty Chemicals | 21.71% | 1,551,294 |
| NCLH | Norwegian Cruise Line Holdings Ltd | Travel Services | 1.17% | 44,811,298 |
| CARS | Cars.com Inc | Auto & Truck Dealerships | 18.56% | 2,676,082 |
| LHX | L3Harris Technologies Inc | Aerospace & Defense | 0.27% | 1,417,333 |
| PFNO | ParaFin Corporation | Drilling oil and gas wells | – | 7,544,435 |
| MRNA | Moderna Inc | Biotechnology | 51.96% | 15,582,359 |
| AAPL | Apple Inc. | Consumer Electronics | 18.34% | 39,088,171 |
| TTD | Trade Desk Inc | Software – Application | 37.87% | 2,345,539 |
| GILD | Gilead Sciences, Inc. | Drug Manufacturers – General | 4.09% | 23,898,438 |
| OKTA | Okta Inc | Software – Infrastructure | 29.59% | 1,833,792 |
One stock has, without any doubts, taken off in popularity amongst financial professionals as the world continues to evolve into being e-commerce dependent.
The Trade Desk (NYSE: TTD), a company known for its digital marketing consultation, witnessed a revenue increase of 33% in Q1 of 2020 as businesses were essentially forced to do business online in order to do any business at all.
As a result, financial institutions Citigroup and Needham Financial have taken bullish positions on The Trade Desk into Q2 of 2020, as both firms upgraded and increased their estimated price targets for the stock itself.
As an individual who is a firm believer that online retail is indeed the way of the future as in-person retailers have been seeing revenues shrink for years at this point, I’m bullish on The Trade Desk as a well-established digital marketing technology company in the long term.
That said, my technical analysis today indicates that The Trade Desk has bullish and bearish trading opportunities to work with this morning – and I like that!
As indicated on the chart above, the stock itself has established firm support at $300/share since May 5, 2020. Should price trend above $300/share, I’ll be inclined to make a bullish move on the stock itself.
Below $300/share, my stance on The Trade Desk will become bearish, and I’ll be interested in making a short biased trade on it.
As a token of my appreciation for you as a loyal reader, I’ve made you this premarket video to kickstart your trading day.
Yours for TrackStar trading,
Davis Martin
America’s #1 Premarket and Day Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.