Matt here.
It looks like another spicy-hot trading week could be in the cards.
Bryce saw a big mover right before the close of last week –– it’s on his watchlist. And I’ve got some intriguing tickers on the agenda today as well.
There’s so much to celebrate …
My mentor Tim Sykes celebrated his birthday on Friday — by generously giving away goodies. What a guy.
And my bud Bryce and I got to do an in-depth interview all about our paths to success –– check it out here.
Ready to check out this week’s tickers? I can’t wait to see what happens — especially with the first one. Let’s go!
Matt’s Picks — April 17, 2022
Here are the top three tickers I’ve got my eyes on this week…
Veru Inc. (NASDAQ: VERU)
Veru is very good to traders, YES? I’m excited about this one in a ‘to the moon’ kind of way. It’s soared over 230% in the past five trading days, but that doesn’t mean the fun must stop.
Veru’s been around since 1971, so you know it’s a legit company. For decades, it focused on female health, namely through its signature FDA-approved female condom.
At the end of 2021, it added a treatment for enlarged prostates to its product list. But that’s not what all the buzz is about right now.
Traders are excited that Veru stepped into the COVID treatment arena with sabizabulin, a drug targeted to patients at high risk for adult respiratory distress syndrome (ARDS) and death. After positive data from a Phase 3 clinical trial, Veru will apply for Emergency Use Authorization (EUA).
With Oppenheimer and other analysts predicting a $25–$36 price target, that’s a lot of room to run from Thursday’s $14.95 close. And traders could make it happen sooner rather than later.
Twitter Inc (NYSE: TWTR)
Twitter just turned into another headline for Elon Musk. Oh, Elon, what would the media do without your hijinks?
There’s a cat-and-mouse game in play between Musk and Twitter’s board of directors. Musk was asked to join the Twitter board in early April. He declined and soon after made an unsolicited $43 billion offer to buy the company “for the future of civilization.”
So far, the board is not, well, on board with his plan. They’re thinking about using a “poison pill” tactic, also known as a shareholder rights plan, to fight a takeover.
The tactic works by either creating more shares or allowing other shareholders to buy more at a discounted price. The Vanguard group rose to the occasion and increased its stake –– via index funds –– to 10.3%, edging out Musk’s 9.2% stake.
Twitter was mostly flat on Thursday, losing 1.68% on the day and gaining 3.50% in after-hours. The stock jumped from the $40 range to the $50 range in early April following the initial Musk and Twitter board buzz. It’s consolidated since then in the mid-$40 range.
With this much drama, any significant news could easily help it move again in either direction. This week could make or break this recent breakout.
Airgain Inc (NASDAQ: AIRG)
Airgain is a wireless connectivity technology company that provides antenna and other tech solutions to industry clients.
In the late afternoon on Wednesday, Airgain announced that “a major U.S.-based water utility company selected AirgainConnect AC-HPUE to improve the connectivity of its fleet.”
The reported utility company has over 3,000 vehicles it plans to equip with Airgain’s product as part of the multi-million dollar contract.
AIRG closed up 18.86% on the news at $8.32. I’m looking to see if it can make the next leg up to the $9 or $9.50 range.
Conclusion
It’s nice to see a forgotten sector come back into play. Let’s hope VERU makes progress with the EUA for its COVID treatment.
And the Elon media machine never gets old. Some things are so wild they almost become predictable. You start to see a pattern.
And if you’re good at recognizing patterns, you might have an advantage as a trader. My mentor Tim Bohen’s great at finding patterns. And there’s one in particular that he’s nailed down to a science.
In fact, he created an algorithm that can help detect this pattern before anyone else, even before those fat cats on Wall Street. He calls it a “2 p.m. Cash Appointment” — and he’s eager to share it with retail traders like you. Sign up here now to learn more on April 21 at 8 p.m. Eastern for NO COST.