Alphabet [GOOGL] - Last Close: $141.18
Rumors that Apple [AAPL] is in talks with Alphabet to install Google’s Gemini AI tools on its iPhones is rallying the tech giant’s shares this morning.
Bloomberg News reported the story early this morning, citing unnamed sources familiar with the situation.
CFRA also maintained a “buy” recommendation on this stock in an analyst note published this morning.
GOOGL is up 5.4% on the news, and almost 2 million shares have been traded in today’s premarket.
My Take: GOOGL has been on a steady upward march over the past week or so, and this news could help it extend its winning streak even further.
Brand Engagement AI [BNAI] - Last Close: $10.56
This tiny stock is making some noise after closing its SPAC merger with DHC Acquisition Corp and opening for public trade last Friday.
BNAI shot out to a 37.1% gain on Friday, despite nosing lower in the days leading up to the merger.
Today, it’s extending its gains with another big premarket gain. BNAI is up 46.6% in early trading, but volume is rather thin at less than 100K shares
My Take: It’s been a rough few months for SPAC stocks, but BNAI appears to be breaking the mould. However, whether it can hold onto its gains remains to be seen.
Solidon Technology [STI] - Last Close: $1.74
Late Thursday, Solidon Tech announced the pricing of a $3.85 million private placement of its shares, sending shares to a 33.8% rally on Friday.
No new headlines have emerged since the offering news, but STI is extending its run-up in today’s premarket.
STI is up 51.7% on over 5.5 million shares traded.
My Take: STI is down by a whopping 77.4% YTD, but its recent rebound, accompanied by a recent spike in trading volume, could be a signal that the bottom is in.
VERB Technology [VERB] - Last Close: $0.4422
A specialty eCommerce stock is getting a boost after announcing the addition of 100 retail brands to its livestream social shopping platform.
Early this morning, VERB Tech announced the new additions to its MARKET.live social platform in a press release.
The CEO said the company is, “continuing to gain momentum in the marketplace as we enter into exciting new partnerships.”
VERB is up 22.0% on over 32 million shares traded in the premarket.
My Take: VERB has a market-cap of just $9.39 million, so expect volatility if you are planning to make a play here. Also, be wary of a potential pullback.