Trading Plan: CAPR NVDA TSLA AMD JPM FLUT

Insider Financial recaps last week's stock market action and covers the stocks to watch this week.

This video covers stocks such as SPY, QQQ, DIA, IWM, TLT, CAPR, DJT, LUNR, NIO, RKLB, NVDA, FLUT, MGM, IGT, AGYS, EVRI, AMD, TSLA, JPM, WFC, BLK, BK.

Video Summary

CAPR was our gainer of the week, with a 117% gain. All you had to do was watch our video, buy Monday morning, and hold until the close Friday. I am focused on finding these weekly winners, not only for you guys watching the channel but also for myself. There are winners and losers every week, and I am trying to find the most prominent runners week in and week out. 

CAPR will present the three-year safety and efficacy results from its HOPE-2 open-label extension (OLE) study with lead asset deramiocel for treating Duchenne muscular dystrophy (DMD). The data will highlight the long-term, multi-modal benefits of deramiocel in a late-breaking poster presentation at the 29th Annual Congress of the World Muscle Society (WMS 2024), taking place October 8-12, 2024, in Prague, Czechia.

The company presentation is set for Friday, October 11, from 9:45 am EDT to 10:45 am EDT.

Capricor (CAPR) said the data would highlight the long-term, multi-modal benefits of the therapy, also known as CAP-1002, in late-stage DMD patients. 27% of the float is short.

Congrats to all who banked in CAPR.

DJT was up 11% last week.

NIO +3%

RKLB flat

LUNR down 13% for the week

Regarding the overall market, The S&P 500 (SP500) on Friday added 0.22% for the week to end at 5,751.07 points, posting gains in three out of five sessions.

For this week:

Monday

Federal Reserve speakers will be out in full force during the week. Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a moderated question-and-answer session before the Bank Holding Company Association Fall Seminar, St. Louis Federal Reserve Bank President Alberto Musalem speaks on the U.S. economy and monetary policy, New York Federal Reserve Bank President John Williams will give remarks and participate in a moderated discussion on the economic outlook and monetary policy, and Raphael Bostic will moderate the "Dynamic Business of Professional Sports" conversation before the Atlanta Fed's Leading Voices Series.

The three-day Nvidia (NVDA) AI Summit will begin in Washington, DC. The company plans to hold sessions covering the role of AI in cybersecurity, edge computing, industrial digitalization, healthcare, quantum computing, and telecommunications.

Tuesday

One of the biggest conferences of the year in the casino and gaming sector takes place during the week as the Global Gaming Expo runs at the Venetian on the Las Vegas Strip. Flutter Entertainment (FLUT) CEO Peter Jackson and MGM Resorts (MGM) CEO Bill Hornbuckle will be keynote speakers. Companies showing off products or software include Agilysys (AGYS), Everi Holdings (EVRI), and International Game Technology (IGT).

Wednesday

The Nasdaq will release its latest update on short interest positions. For those of you who follow this channel, you know over 10% of the float short plus catalyst is my favorite trade setup.

2 pm The Federal Reserve will release the minutes from the last meeting of the FOMC.

Thursday

Advanced Micro Devices (AMD) will hold its Advancing AI 2024 event to showcase the next-generation AMD Instinct accelerators and 5th-generation AMD EPYC server processors. The company said it will also discuss networking and AI PC updates and highlight its AI solutions ecosystem.

The IMF will issue its World Economic Outlook report.

8:30 a.m.: The September Consumer Price Index report will be released. Economists expect the core inflation rate to hold steady at +3.2% year over year and +0.3% month over month.

10:00 pm Tesla (TSLA) will hold its highly anticipated robotaxi event. The update could impact other companies with big robotaxi or autonomous vehicle plans, such as Waymo (GOOG), Uber Technologies (UBER), Aurora Innovation (AUR), Amazon's (AMZN) Zoox, Baidu's (BIDU) Apollo, and GM' (GM) Cruise.

Friday

Notable companies due to the report include JPMorgan Chase (JPM), Wells Fargo (WFC), Blackrock (BLK), BNY Mellon (BK), and Fastenal (FAST).

8:30 am: The September Producer Price Index report will be released. Economists expect the PPI rate to fall to +0.1% M/M from +0.2% in August.

10:00 am The University of Michigan's Consumer Survey report will be released.

Lastly, as I do each trading day, I will scan the pre-market. If I see anything else, I will let subscribers know. That’s why signing up is so important, and it’s completely free.

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.