Hi! I am an ex-prop shop equity trader. This is a daily watchlist for short-term trading: I might trade all/none of the stocks listed, and even stocks not listed! I am targeting potentially good candidates for short-term trading; I have no opinion on them as investments. The potential of the stock moving today is what makes it interesting, everything else is secondary.
News: Apple Postpones Release of New iPhone Air in China
WBD (Warner Bros. Discovery) – Paramount/Skydance are preparing a bid for WBD, reportedly backed by Larry Ellison. This stock exploded around 10:30 PT yesterday, moving from $13.50 to $17. Currently I'm interested if we can continue momentum today (it's held up decently well).
More media sector consolidation, the last time we've seen something like this is the failed bid for Paramount (which later led to Paramount/Skydance). Obviously deal risk is the main concern here, if talks fall through or the rumor is refuted then we'll go back to original price.
MSFT (Microsoft) – OpenAI has received Microsoft’s approval to transition its for-profit arm, thus boosting strategic AI partnerships. This move essentially signals confidence in MSFT's continued collaboration with OpenAI and AI-driven growth and presumably means that they'll use MSFT products like Azure for their cloud compute. This happened afterhours yesterday, and moved the stock 2%. MSFT has moved back slightly, not so interested in this unless we have a huge surge of volume off the open.
OPEN (Opendoor) – Stock price has gone gangbusters since the appointment of Kaz Nejatian, Shopify’s former COO, as the new CEO. We moved from 6->10 in the past 2 days, not interested in a long, maybe a short if the stock price goes parabolic to something like 15/20. Stock is pretty liquid (millions of shares every minute) so no concern with getting size if needed. It's also a meme stock, so we'll see how this turns out.
ORCL (Oracle) – ORCL is selling off after one of the craziest earnings moves I've ever seen, but it's retraced back significantly from the $345 high. Mainly interested in the $300 and what that looks like if we reach it. Need to assess what the box looks like at that price.
IPOs Today: GEMI
(09/12) Interesting Stocks Today- An AI for an AI makes the whole world blind?
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Posted by WinningWatchlist