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Market Insights: Key Stock Movements & Class Action Alerts You Need to Know 📈

The Daily Trade delivers sharp, daily insights on the US stock market.

Stay informed, spot trends, and trade with confidence.

Man Who Called Nvidia at $1.10 Says Buy This Now...

In 2004, one man called Nvidia before just about anyone knew it existed. Now, he says a new company could become the next to soar like Nvidia. The biggest tech firms are loading up on shares. Nvidia, Apple, Google, AMD, Intel, and Samsung are all invested in this company. It also signed a MAJOR deal with Apple to get its AI tech into the iPhone and iMac. And its tech is also found in products from Samsung and Google.

Recent Headlines

Jeffersonville Bancorp: What's Next After Crossing Below the 50-Day Average? (2 minute read)
Jeffersonville Bancorp's shares recently dipped below the 50-day moving average, closing at $19.86, which raises concerns about its future trajectory. Despite a solid dividend yield of 3.02%, analysts remain cautious.


American Business Bank's Stock Dips: What It Means for Investors (2 minute read)
American Business Bank's stock traded below its 50-day moving average, closing at $43.50. The bank recently reported earnings of $1.16 per share, but the decline may signal potential volatility ahead.


JPMorgan Cuts Stake in Acushnet: What Investors Should Know (5 minute read)
JPMorgan has reduced its holdings in Acushnet Holdings by 16%. The stock remains stable around $71.91 after reporting better-than-expected earnings, but the shift in institutional investment may be noteworthy.


Marqeta Investors Alert: Class Action Lawsuit Filed (3 minute read)
Marqeta faces a securities class action lawsuit for allegedly misleading investors about its business outlook. The lawsuit claims that the company failed to disclose significant regulatory challenges.


Nextracker Faces Class Action Suit Over Alleged Misleading Statements (4 minute read)
Nextracker is being sued for allegedly making false claims about its financial health and project delays. Investors are concerned about the potential impact on the company's revenue.


DENTSPLY SIRONA Investors: Class Action Lawsuit Filed (4 minute read)
A class action lawsuit has been filed against DENTSPLY SIRONA, alleging that the company misled investors regarding its Byte aligner product's safety and effectiveness, leading to significant patient injuries.


Cassava Sciences: Investors Hit with Class Action Over Drug Claims (3 minute read)
Cassava Sciences is facing a class action lawsuit regarding its Alzheimer's drug, with allegations that the treatment does not effectively halt disease progression as claimed. Investors are urged to stay informed.




Technical Analysis Results



Undervalued
ABEV
AMBEV S.A.
Volume: 52.2M shares | Price: $1.77

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of ABEV

Why Ambev’s (ABEV) Shares Are Falling
We recently published a list of 10 Firms Buck Broader Market Optimism. In this article, we are going to take a look at where Ambev S.A. (NYSE:ABEV) stands against other firms buck broader market optimism. Wall Street’s main indices finished in the green territory on Friday amid a series of catalysts buoying investor appetite. The […]

Is Ambev S.A. (ABEV) the Best Brewery Stock to Buy According to Hedge Funds?
We recently published a list of 12 Best Brewery Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Ambev S.A. (NYSE:ABEV) stands against other best brewery stocks to buy according to hedge funds. The global alcohol industry is currently grappling with strict regulations, high taxes, […]




Undervalued
BF.B
Brown-Forman Corporation Class B
Volume: 3.2M shares | Price: $36.25

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of BF.B




Overvalued
CRNC
Cerence Inc. Common Stock
Volume: 161.1M shares | Price: $19.33

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Hold

Recent Mentions of CRNC

Cerence AI expands collaboration with Nvidia for CaLLM family of language models
Cerence (CRNC) announced an expanded collaboration with NVIDIA (NVDA) to advance the capabilities of its CaLLM family of language models, including its cloud-based Cerence Automotive Large Language Model and its CaLLM Edge embedded small language model. Through this collaboration, CaLLM is powered by NVIDIA AI Enterprise, an end-to-end, cloud-native software platform, and some aspects of CaLLM Edge are powered by NVIDIA DRIVE AGX Orin. Integrating agentic frameworks with in-car conversations in

Cerence stock soars over 140% on new AI partnership with Nvidia
Cerence (CRNC) — an artificial intelligence developer that works with a multitude of major automakers — shares skyrocket by over 140% in Friday's session after announcing an AI partnership with Nvidia (NVDA) Josh Lipton and Josh Schafer break down these stock movements and the details of Cerence's new partnership with Nvidia. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.




Undervalued
ITW
Illinois Tool Works Inc.
Volume: 804.6K shares | Price: $252.29

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Hold
STOCH
Buy

Recent Mentions of ITW

Here's My Top Value Stock to Buy for 2025
It's far from clear where the economy is heading in 2025, but that isn't the sole focus of investors in 3M (NYSE: MMM).Instead, they're most likely hoping that CEO Bill Brown's plans to rejuvenate the company's fortunes will significantly release shareholder value.It's essentially a self-help story, and if it comes to fruition with the aid of the economy, then 3M can have a great year.

All It Takes Is $3,000 Invested in Each of These 3 Dividend Kings to Help Generate $280 in Passive Income in 2025
There are plenty of ways to generate passive income, such as real estate, bonds, certificates of deposit, savings accounts, and more.You can even generate passive income from holding stocks.The best dividend-paying companies have track records for increasing payouts, solid yields, and runways for future earnings growth that can support more dividend raises.




Undervalued
FAST
Fastenal Co
Volume: 2.3M shares | Price: $71.69

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Hold
STOCH
Buy

Recent Mentions of FAST

Fastenal Company Announces Conference Call to Review 2024 Annual and Fourth Quarter Earnings
WINONA, Minn., January 03, 2025--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced the date and time for its conference call to review 2024 annual and fourth quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, January 17, 2025 at 9:00 a.m. central time.

Three Reasons to Avoid FAST and One Stock to Buy Instead
Fastenal’s 15.9% return over the past six months has outpaced the S&P 500 by 5.6%, and its stock price has climbed to $74.70 per share. This performance may have investors wondering how to approach the situation.




Undervalued
CVNA
Carvana Co.
Volume: 11.6M shares | Price: $177.16

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Buy
ULTOSC
Hold
STOCH
Hold

Recent Mentions of CVNA

Why Carvana’s (CVNA) Shares Are Falling
We recently published a list of 10 Firms Buck Broader Market Optimism. In this article, we are going to take a look at where Carvana Co. (NYSE:CVNA) stands against other firms buck broader market optimism. Wall Street’s main indices finished in the green territory on Friday amid a series of catalysts buoying investor appetite. The […]

Carvana (NYSE:CVNA) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...




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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

Disclaimers

The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.

Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.

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