Verified Pro Trader @DrewDosek: Oracle (ORCL) is sliding premarket on a planned $20B debt-and-stock raise. I'm watching credit spreads and whether $117.74 gap-fill support catches the first reaction.
Verified Pro Trader @DrewDosek: Reddit (RDDT) plunged about 30% on weak Q4 guidance. I want a bit more selling into $79.75, backed by the 0.886 fib at $75.79, a zone capable of a near-term bounce.
Verified Pro Trader @GarethSoloway: Friday sets up to be another bloodbath for technology stocks after Amazon (AMZN fell 6.5% on earnings and Intel (INTC) dropped 20%. Earnings were the culprit, on the heels of Alphabet (GOOGL). Trillions in market cap evaporating.
Verified Pro Trader Jake Sweeney: Oracle (ORCL) is up more than 10% on its Investor Day targets. Contrarian read: I'm watching $149.20 gap-fill resistance as the fade level on this run.
Verified Pro Trader Nick Valdez: Elon Musk warned 200+ neoclouds face "death and consolidation," saying debt markets balk at funding firms reliant on AI data centers. $CRWV fell 2.7% and $NBIS 3.5% premarket. Gartner sees 80%+ of neoclouds losing independence by 2030.
Verified Pro Trader @LawtonInvesting: $SPOT is rallying ~4% premarket despite missing Q3 EPS estimates at $2.78 vs. ~$3.19 expected. Premium subscribers climbed to 306M, beating guidance, while monthly active users reached 788M. Strong user growth and an upbeat Q4 profit outlook
Verified Pro Trader @DrewDosek: $LRCX selling off after earnings this afternoon, sliding lower in post-market. A key dual zone sits below with the 0.618 Fib retrace at $225.67 lining up with a gap fill at $224.35.
Tesla or SpaceX? Chief Crypto Strategist Nick Valdez says it's clearly SpaceX. His reason: mining asteroids. More from Nick in Bitcoin Revealed: https://t.co/KPvshwgdHE #SpaceX #Tesla https://t.co/OBtrSYtOjX
Verified Pro Trader Nick Valdez: U.S. existing-home sales rose 1.5% in September to a 3.99M annual rate, beating forecasts for a 0.8% drop, per NAR. Inventory hit 1.6M, the most since 2019. Most contracts were signed before mortgage rates jumped to 7.4% last week, a near three-ye