Boeing shares dropped nearly 5% in premarket
December 30, 2024
Breaking News
Image source: Wikimedia Commons
Boeing shares dropped nearly 5% in premarket,✈️ after South Korea ordered an inspection of all B737-800 planes, the model involved in a deadly Jeju Air crash over the weekend. CNBC reports.
EdgeUp
🏈 StreamTouchdown: Netflix's NFL debut streamed two Christmas games, peaking at 27 million viewers. Benzinga reports.
🚀 FutureAI: OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation that would make it easier to raise capital and remove the restrictions imposed on the startup by its current nonprofit parent. Yahoo Finance reports.
🔌 EVDeals: Chinese electric vehicle giant BYD is offering discounts until January 26 on two of its hybrid and EV models, according to its website. Reuters reports.
⏳ HealthPause: UnitedHealth and Amedisys have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, a filing showed on Friday, as the deal faces close scrutiny from the U.S. Department of Justice. Yahoo Finance reports.
💰 RoyaltyFix: BioNTech enters settlement with US agency, UPenn over COVID vaccine royalties. Reuters reports.
⚡ ChipCheck: Nvidia stock was down early on Friday, as investors digest news about how its chips were used by a Chinese start-up to train a cutting-edge artificial-intelligence model. Barron’s reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1. $WATT: Energous
Total gain: 262.96%
2. $NXU: Nxu
Total gain: 134.59%
3. $INTZ: Intrusion
Total gain: 99.53%
4. $CTM: Castellum
Total gain: 63.38%
5. $REKR: Rekor Systems
Total gain: 60.76%
Trading Strategies
* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.
Key Takeaways For Trading Golden And Death Crosses
- Golden and Death Crosses are lagging indicators. They signal shifts in long-term momentum but should not be used as standalone tools.
- Context matters. Look for supporting factors like RSI levels and pullbacks to key moving averages before acting.
- Patience is key. Don’t chase the cross itself—wait for price action to confirm the trend.
- Manage risk effectively. Use tight stops and smaller positions, especially when markets are volatile.
Golden and Death Crosses are valuable tools, but they’re not magic. They require careful analysis and a solid understanding of the market context to be effective.
Friday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on December 27.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1. $QSI: Quantum-SI
Total gain: 66.05%
The stock appeared to be moving on no notable news.
2. $SES: SES AI
Total gain: 67.25%
The stock appeared to be moving on no notable news.
3. $PDYN: Palladyne AI
Total gain: 61.18%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
EMKR: EMCORE Corporation
Q4 2024
After Market Open
Estimate: -0.12
Actual: N/A
CVM: CEL-SCI Corporation
Q4 2024
After Market Open
Estimate: -0.11
Actual: N/A
FLUX: Flux Power Holdings
Q4 2024
After Market Open
Estimate: -0.13
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
9:45 am - Chicago Business Barometer (PMI) - December
10:00 am - Pending home sales - November
Parting Thoughts
"The most important factor in wealth building is not income or even capital; it's time combined with compound interest."
― Burton G. Malkiel
Sourced in:
"A Random Walk Down Wall Street:’’, by Burton G. Malkiel, published in 1973.