| | Good morning, 360! | Don’t forget to join us today for LIVE trading in the Market Master’s Room. JW will be live 9-11 and 3-4 EST today — but room is open all day. Friends don’t let friends trade alone in this Market! | | FOCUS LIST🔎 | SNAP - Up over 25% in pre after reporting better than expected earnings, ad revamp and 125% growth in its TikTok rival | COOT - Up over 7% in pre after entering into contract with Woolworths and Costco Australia | GOOGL - Up over 10% in pre after earnings beat cash dividend | | | Invest in the Future of Scalable Housing | | ZenniHome is on a mission to completely disrupt the housing industry through building the highest quality and attainable stackable housing. | With over 80,000 soft orders and 1,000+ B2B orders firmly in process, ZenniHome is prepared to solve the housing crisis at scale. | Recent accomplishments: | Dr. Michael Schmitt has joined as COO (previously Tesla and Bosch) to lead building factory 2.0 capable of 20+ homes per day $74M in grants awarded from Navajo Nation for factory expansion and home purchases | Closing soon: Learn more and Invest in ZenniHome |
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| | HOTLIST🔥 | SNAP - Up over 25% in pre after reporting better than expected earnings, ad revamp and 125% growth in its TikTok rival | Snap Inc. (SNAP) operates as a technology company in North America and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. | In the after-hours yesterday, SNAP reported Q1 revenue of $1.2 billion vs $1.12 billion expected, and a 21% increase year over year (YoY) , | Q1 EBITDA came in at $45.7 million, compared with less than $1 million a year earlier. Analysts projected a loss of $67.6 million. | SNAP also said users spent 125% more time last quarter watching Spotlight, its scrollable feed of videos that offers a similar experience to TikTok. | With the possibility that TikTok may be banned in the US investors are weighing whether that could significantly benefit SNAP in the quarters ahead. | The stock traded up over 25% in the pre-market after the news. | | The $14 area has acted as support in the after-hours and the pre-market and will be an important level to watch. | Above it, targets to the upside are $14.30, $14.60, and then the after-hours high at $15.04. Beyond that $15.30, $16, $17 and $17.50 come into play. | Below $14, targets to the downside are $13, $12.50, $12 and then a gap fill at $11.40. | | COOT - Up over 7% in pre after entering into contract with Woolworths and Costco Australia | Australian Oilseeds Holdings Limited (COOT) is the largest cold pressing oil plant in Australia and the APAC region, pressing strictly GMO-free conventional and organic oilseeds, through its subsidiary Good Earth Oils. | In the after-hours yesterday COOT announced that it had entered into a new contract to supply Australia’s largest supermarket chain, Woolworths, with a range of non-GMO cold pressed extra virgin canola oils in all 960 stores across Australia. | The new the contract value is approximately USD 3.5 million over the next eight months. Good Earth Oils has also secured a contract with Costco Australia valued at approximately USD 3 million to supply its non-GMO cold pressed extra virgin canola oil to Costco stores throughout Australia. | COOT also announced it is in discussions with other retail chains in both Australia and the United States for supply of its unique range of non-GMO cold pressed extra virgin vegetable oils that are processed without the use of harmful chemicals. | The stock traded up over 7% in the pre-market after the news. | | The $1.60 area has acted as previous resistance and will be the first major target for bulls to the upside. Beyond that, $1.70 and then the pre-market high of $1.93 comes into play. Above that targets are $2, $2.25 and $3. | Below $1.60, targets to the downside are $1.50 and then a gap fill at $1.40. | | | | | GOOGL - Up over 10% in pre after earnings beat cash dividend | Alphabet Inc. (GOOGL) offers various products and platforms in the United States and internationally. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services. | In the after-hours yesterday, Alphabet reported its first quarter earnings. Q1 sales, excluding partner payouts, came in at $67.6 billion vs $66.1 billion expected. Net income was $1.89 per share vs $1.53 expected. | The company also said it would pay a dividend of 20 cents a share, its first ever, and repurchase an additional $70 billion in stock. | GOOGL traded up over 10% in the pre-market on the back of the earnings report yesterday. | | The $173.50 area has acted as support in the after-hours and pre-market and will be an important level to watch. | Above it, targets to the upside are $175, $179 and then the after-hours high at $181.86. Beyond that is all time highs so I would look at round numbers such as $185, $190 and then the psychologically important $200 level. | | MARKET NEWS 📰 | | | MORE Great Trading Resources: | Get instant access to Jeff Bishop's top trading ideas | For great training in options basics, start your journey Jeff Williams | | Questions or concerns about our products? 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