Applied Digital, ESSA Pharma And Other Big Stocks Moving Higher In Tuesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
In Tuesday's pre-market session, several stocks are moving higher despite lower U.S. stock futures, with Nasdaq futures down about 100 points. MorphoSys AG (MOR) shares jumped 18.8%, ESSA Pharma Inc. (EPIX) gained 10.6% after a 17% surge on Friday, Digital World Acquisition Corp. (DWAC) increased by 8.3%, ZIM Integrated Shipping Services Ltd. (ZIM) climbed 5.7%, Nomura Holdings, Inc. (NMR) rose by 5.3%, Tilray Brands, Inc. (TLRY) went up by 4.8%, and Applied Digital Corporation (APLD) gained 3.7% ahead of its quarterly earnings release.
January 16, 2024 | 10:53 am
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POSITIVE IMPACT
Applied Digital Corporation gained 3.7% to $7.77 in pre-market trading, with quarterly earnings to be released today.
APLD's pre-market gain suggests anticipation for its earnings report. Positive results could further boost the stock, while disappointing earnings may reverse the trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Digital World Acquisition Corp. gained 8.3% in pre-market trading.
DWAC's pre-market gain of 8.3% could be a positive indicator for its stock price in the short term, reflecting increased investor interest.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ESSA Pharma Inc. shares gained 10.6% in pre-market trading following a 17% surge on Friday.
The continuation of EPIX's upward movement from Friday's 17% surge indicates strong momentum that could positively impact its short-term stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MorphoSys AG shares jumped 18.8% in pre-market trading.
The substantial pre-market increase in MOR shares suggests positive investor sentiment which could lead to a short-term price rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nomura Holdings, Inc. gained 5.3% to $5.01 in pre-market trading.
The 5.3% pre-market gain for NMR could indicate a positive short-term trend for the stock, potentially due to positive investor sentiment in the financial sector.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tilray Brands, Inc. gained 4.8% to $1.96 in pre-market trading.
TLRY's pre-market rise of 4.8% may reflect short-term investor optimism in the cannabis industry, potentially leading to a price increase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ZIM Integrated Shipping Services Ltd. shares climbed 5.7% in pre-market trading.
ZIM's pre-market increase of 5.7% suggests a positive short-term outlook for the stock, possibly due to favorable market conditions for shipping.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70