Update on Today’s Market Insights
Good morning team!
Hello everyone! I hope you enjoyed a relaxing 4th of July weekend.
Regarding CRWV’s Acquisition of CORZ:
It appears CRWV is eyeing CORZ, with an implied stock price approaching $20 while it currently trades around $15. This discrepancy raises questions: Is there skepticism about CORZ’s potential post-IPO? Some speculate this may be linked to concerns over a price drop following an IPO lockup expiration. Just theories at this point.
Market Reactions:
Let’s chat about CoreWeave’s recent 4.5% drop after their announcement to acquire Core Scientific. We’ll definitely delve into that!
Shoutout from Cape Cod!
Hope your golf game is strong, Phil! I recently placed 3rd in a tournament over in Ojai and am seeing noticeable improvement this season. Have you played any courses in the UK? Excited for The Open!
CRCL Update:
CRCL is currently hovering around its 50% Fibonacci retracement level. We should keep an eye on this.
RKLB Developments:
RKLB saw a 3.9% increase, inspired by favorable comments from Barron’s.
Return to Trading Insights:
Scott, are you still biding your time for a pullback before increasing your portfolio exposure? It’s been great having you back!
Input on UPST:
I’ve initiated a small position in UPST as it pushed past the $60 mark alongside other strong fintech stocks. The sector looks promising—will a handle form soon?
Other Interesting Trades:
For those interested in RBRK, check the bounce off the 10-week moving average for potential entry points.
Trading Styles:
It’s fascinating to see the varied approaches each of us brings to trading. From Scott’s focus on individual stocks to broader market analysis, we all contribute something unique to the conversation. Adjusting personal trading styles based on these discussions can really enhance one’s performance.
On Market Sentiment:
Quite a bit of chatter around sentiment—thanks to everyone for sharing insights! The value of respectful debate highlights the importance of diverse perspectives in refining our strategies.
Future Discussions:
We should revisit several stocks, including HLI, COIN, and others raised today. Be sure to keep an eye on those as we continue our market analysis discussions.
Closing Thoughts:
Thank you all for joining today! Let’s keep the dialogue going and support each other as we navigate these market waters together. Enjoy your trading day!
