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Hot AI Stocks: SOUN NNOX CXAI BBAI AI

Hot AI Stocks: SOUN NNOX CXAI BBAI AI
Written by
Alex Carlson
Published on
February 28, 2024
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InsidrFinancial

Insider Financial recaps the day's stock market action and looks at the small caps making moves in this video.

This video covers SPY, QQQ, DIA, IWM, TLT, BTC, MSTR, COIN, MARA, VKTX, ALT, BYND, GUTS, SMX, SOUN, NNOX, CXAI, BBAI, AI, BIG, CVNA, FSR, NVAX, NKLA.

Video Summary

U.S. stocks on Tuesday ended mixed amid small moves, with the focus largely on the fixed-income market amid a flurry of Treasury auctions. Market participants also appear to be in wait-and-watch mode ahead of key inflation data later this week.

As I said in my Sunday night video, there wasn’t much economic data on tap for the first 2 days. This is why we are seeing the choppy price action. Market is waiting for inflation data and more signs of what the Fed will do next.

AI and MARA are scheduled to announce Q4 earnings results on Wednesday, February 28th, after market close.

NKTX rose 121% after the drugmaker said its investigational weight-loss therapy met the primary and all secondary goals in a mid-stage study.

ALT another obesity drug play that I covered before is ripping again. Congrats to those banking.

BYND is squeezing the shorts after earnings. 38% of the float is short. Other short squeeze names making moves include BIG, CVNA, FSR, NVAX, and NKLA.

The AI boom continues with SOUN just ripping. Congrats to all banking. This has led to gains in BBAI, CXAI. I covered all these in my video Nvidia is buying these AI stocks.

GUTS is popping on analyst coverage today. I highlighted the insider buying in my last video.

SMX tomorrow is getting a pump. Trade it. Don’t own it. Don’t wait around for the dump and become a bagholder.

Bottom Line

As we keep saying, there are always opportunities in the markets, and it’s our job to find winning stocks to trade. Huge gains can be made in such a short amount of time.

It’s essential to look for stocks that have yet to run. There are plenty of opportunities, and we look at hundreds of stocks weekly for our subscribers.

Remember, all it takes is one or two to become a winner, and you’ve crushed the market indices (and Jim Cramer) for the year.

Good luck to all (except the shorts and Cramer)!

WHEN INSIDER FINANCIAL HAS A NEW COMPANY TO RESEARCH, IT IS IMPORTANT TO PAY ATTENTION. AFTER ALL, OUR FREE NEWSLETTER PROFILED MANY TRIPLE-DIGIT WINNERS FOR SUBSCRIBERS. WE ALWAYS ARE LOOKING FOR MOMENTUM BEFORE IT HAPPENS!

Disclosure: We have not been compensated for this article/video. Insider Financial is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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