?? Volkswagen Faces Historic Union Showdown Over $18B Cost Cuts

The articles and information in this newsletter are a summary of yesterday’s trading and related news. They are presented for informational purposes only. Nothing in the newsletter should be taken as investment or trading advice.

S&P 5005, 916.98+23.36 (+0.40%)

Dow Jones 43,268.94-120.66 (-0.28%)

NASDAQ 18,987.47+195.66 (+1.04%)

Market close: November 19, 2024

Breaking News

Volkswagen Faces Historic Union Showdown Over $18B Cost Cuts.

?? Unions at Volkswagen threaten strikes and demand shared sacrifices as the automaker pushes for deep cuts, including plant closures and pay reductions. Talks intensify amid German industrial challenges and rising global competition. Reuters reports.

Image source: Photo by Wikimedia Commons

EdgeUp

?? ChipFusion: Nvidia's Run:ai deal to get EU antitrust decision by December 20. Reuters reports.

?? Compli-AI: Super Micro soars after hiring new auditor in bid to stay listed. Yahoo Finance reports.

?? WMTSurge: Walmart hikes its outlook again as shoppers spend more outside the grocery aisles. CNBC reports.

?? EfficienAI: Microsoft pitches AI 'agents' that can perform tasks on their own at Ignite 2024. Yahoo Finance reports.

?? PlaneCut: Boeing to lay off over 2,500 workers in US as part of sweeping cuts. Reuters reports.

?? Lowe’sResults: Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year. CNBC 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. $SLXN: Silexion Therapeutics

Total gain: 119.54%

2. $TNXP: Tonix Pharmaceuticals

Total gain: 50.21%

3. $KITT: Nauticus Robotics

Total gain: 39.52%

4. $TVGN: Tevogen Bio Holdings

Total gain: 32.35%

5. $JXJT: JX Luxventure

Total gain: 26.15%

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”.

Screening for Short Selling Opportunities: Key Metrics to Watch

Let’s look at the screening criteria to find short selling opportunities. Think of these as filters to sift through hundreds of stocks and land on a few solid options.

1. High Price-to-Earnings (P/E) Ratio: Ideally, we’re looking for stocks with a P/E ratio above 40, though 50 is even better. This is because overvalued stocks are more prone to corrections, especially in a declining trend.
2. Gross Margins Under 30%: Gross margins below 30% often indicate operational inefficiency. This means the company may struggle with cost management and could face financial instability if revenues dip.
3. Operating Margins Below 10%: Low operating margins combined with weak gross margins suggest the company is struggling to turn sales into profits. This is a red flag for potential short trades as these stocks tend to be more vulnerable in bear markets.
4. Negative Insider Transactions: This is an optional but valuable filter. Insider selling often hints that those closest to the company foresee trouble. While not always a foolproof indicator, seeing insiders selling can confirm our bearish view.
5. Short Float Over 5%: This shows us that other traders are already betting against the stock. When the short interest is above 5%, we know that we’re not the only ones seeing the downside potential, which can often reinforce our setup.

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Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on November 19.

(All pricing and percent gains are based on regular market trading hours from 9:30 am to 4:00 pm Eastern Time)

1. $TRNR: Interactive Strength

Total gain: +52.58%

The company announced that Armah Sports Group's premium brand, B_FIT, is installing CLMBRs in three of its nine locations across Saudi Arabia. Armah Sports Group is actively expanding its portfolio with two key brands: the premium B_FIT and the high-end concept Optimo. Additionally, the group is developing two new concepts to further enhance its offerings. Earlier this month, the Saudi-listed company secured a $48 million credit facility to support the expansion of its clubs in major cities. Benzinga reports.

2. $XCUR:Exicure

Total gain: +49.49%

The stock appeared to be moving on no notable news.

3. $ACRS: Aclaris Therapeutics

Total gain: +46.18%

The company announced that it has entered into an exclusive licensing agreement with Biosion Inc. for the global rights—excluding Greater China—to BSI-045B and BSI-502. These are preclinical-stage, novel bispecific antibodies targeting both TSLP and IL4R. Benzinga reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

NVDA NVIDIA

3Q 2025

After Market Close Estimate: 0.750

Actual: N/A

PANW Palo Alto Networks

1Q 2025

After Market Close Estimate: 1.480

Actual: N/A

CPA Copa Holdings

3Q 2024

After Market Close Estimate: 3.430

Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

11:00 am Fed Gov. Lisa Cooks speaks

12:15 pm Fed Gov. Michelle Bowman speaks

4:00 pm Boston Fed President Susan Collins speaks

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Parting Thoughts

“The best stock to buy may be the one you already own.” ― Peter Lynch

Sourced in: "One Up on Wall Street: How to Use What You Already Know to Make Money in the Market", by Peter Lynch, published in 1989

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