Carvana squeeze has shorts on the edge

*Together with

(Nasdaq: BSGM)

Here are our top 3 investing ideas today. And just a heads up that this is the last day for inaugural pricing for Alpha Hunter -> check the details out here.

CVNA – Up over 15% in pre-market after beating earnings, guiding positive EBITDA, then conducting share offering

CYN – Up over 10% after announcing launch of fleet of AI-powered autonomous tuggers in partnership with Motrec

SMX – Up over 35% after receiving a patent for its x-ray detection system

*A message on behalf of BioSig Technologies

BioSig Technologies, Inc (NASDAQ: BSGM)

There are thousands of small companies out there to look at right now, but you should really look into BSGM. ?

We are intrigued by the technology they are creating and how they are leaning into developing an AI medical device platform.

We brought BSGM to your attention a few months ago, and a few weeks later, the stock rallied 50% higher. Of course, no one knows what is going to happen in the future, but we are seeing the exact type of pattern forming today…

Look at what has happened to the stock every time in the last year when the stock made this signal. ?

While most corporate insiders can’t wait to unload shares right now, BSGM has a strong record of insider buying lately, as shown by this nice visual from TipRanks (I don’t see any significant selling at all).

BSGM is one of the top-performing stocks in the entire market so far this year, with a gain over 183% (so far!)

All stocks are risky (duh), so do your homework on BioSig Technologies (BSGM) today and see if this one deserves a home in your portfolio.

*Sponsored by Sica Media. Please see disclosures below

CVNA – Up over 15% in pre-market after beating earnings, guiding positive EBITDA

Carvana Co. (CVNA) operates an e-commerce platform for buying and selling used cars in the United States. This morning, CVNA reported earnings with Q2 Sales of $2.97B Beating the $2.59B Estimate. The company also said it expects to achieve positive adjusted EBITDA in Q3. In addition they stated that they had Total Gross Profit per unit of $6,520 an increase of 94%.

CVNA also announced an agreement with noteholders that will eliminate over 83% of 2025 and 2027 unsecured note maturities and lower required cash interest expense by over $430M per year for the next two years.

Many short sellers have been betting on bankruptcy in CVNA, and the stock was up over 45% on the earnings release.

However, shortly after CVNA filed to sell 35 million shares in a capital raising and that led the stock to pull back some.

The $44 area has acted as support so far in the pre-market and should be an important line in the sand.

Above it, targets to the upside are $51.50, $56 and then the pre-market high of $58.88. Beyond that, $60, $68 and $79 come into play.

Below $44, there is potential support at $42, $41 and a gap to fill at $39.80.

CYN – Up over 10% after announcing launch of fleet of AI-powered autonomous tuggers in partnership with Motrec

Cyngn Inc (CYN) is an autonomous vehicle (AV) technology company that develops autonomous driving software.

This morning the company announced a partnership with Motrec International, a global manufacturer of industrial electric vehicles. Motrec has agreed to integrate CYN’s DriveMod into their fleet of autonomous tuggers designed for have-load towing operation.

CYN stated that, “By integrating Cyngn’s AI-powered autonomous vehicle technology, the MT-160 will be transformed into an intelligent, self-driving vehicle capable of safely and autonomously hauling goods through complex commercial and industrial environments.”

The stock was up over 10% in pre-market on the news before pulling back some.

$1.18 has acted as resistance so far in the pre-market and will be a major level to watch.

Above it the next major target is the pre-market high at $1.28. Beyond that, $1.35, $1.40, $1.50, $1.55 and $1.60 come into play.

Below $1.18, there is potential support at $1.04, $0.98 and a gap to fill at $0.9460.

SMX – Up over 35% after receiving a patent for its x-ray detection system

Security Matters (SMX) engages in the development and commercialization of track and trace technologies for various industries in Australia.

Late yesterday the U.S Patent Center issued a notice of allowance for its U.S. Patent application 17/285,167 titled “System and method for detection and identification of foreign elements in a substance by x-ray or gamma-ray detection and emission.”

SMX is trading 35% higher on the news after being down over 95% year to date.

$0.19 was resistance in the after hours and now becomes potential support in the pre-market.

Above it, targets to the upside are $0.21 and then the pre-market high of $0.2253. Beyond that, round numbers such as $0.25, $0.3 and $0.4 come into play as there is a big gap to fill at $0.45.

Below $0.19, there is potential support at $0.18, $0.17, $0.16 and a gap to fill at $0.1460.

*This investment involves substantial risk. Please see full disclosure below, and detailed discussion of risks and atypical results

*PAID ADVERTISEMENT. RagingBull has been paid twenty five thousand dollars by ach bank transfer by Sica Media for advertising BioSig Technologies from a period beginning on July 19, 2023 through July 21 of the same year. RagingBull has previously been paid fourteen thousand dollars by ach bank transfer by Lifewater Media for advertising BioSig Technologies from a period beginning on April 17 , 2023 through April 18 of the same year. To date, RagingBull has been paid a total of thirty nine thousand dollars for coverage of BioSig Technologies. As a result of this advertisement and other marketing efforts, Raging Bull may receive advertising revenue from new advertisers and collect email addresses from readers that it may be able to monetize. As of the date of this advertisement, the owners of Raging Bull do not hold a position in BioSig Technologies. This advertisement and other marketing efforts may increase investor and market awareness, which may result in an increased number of shareholders owning and trading the securities of BioSig Technologies, increased trading volume, and possibly an increased share price of the BioSig Technologies securities, which may or may not be temporary and decrease once the marketing arrangement has ended.

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