Another crazy day!!! Let’s keep crushing it. As another reminder, tomorrow is a short day in the market. Market closes 1pm EST. On Christmas it is completely closed.
Watchlist 12/24
$GOEV – Recent merger with HCAC which was a SPAC. We are going to watch closely, as GOEV has a low float just like XL and can see crazy movements like we did with XL today. No chart on this one because it recently merged, just like XL. Just watch for price action.
$MGNI – mentioned by @DavidTho (Analyst) and @simonsays (Analyst) don’t sleep on the Analysts! Also a top pick by Laura Martin at Needham & Company, an independent investment bank and asset management firm specializing in advisory services and financings for growth companies. Magnite is the world’s largest independent sell-side ad tech platform. The tech stock’s gain builds on momentum following increased bullishness for the stock from analysts. Analysts’ optimism for the company has been growing as they recognize the company’s potential as the leading sell-side platform (SSP).
$GHIV – Just broke the handle of the cup on the daily chart. Looking for continuation. They are similar to Rocket Mortgage. Wedbush released a short term price target of 13.50.