Happy Thursday Zingers! I can’t believe I missed a “once in a lifetime” trade opportunity by not buying into chip stocks like $NVDA, $AMD, or, now, $ARM.
Then again, I said the same thing about $BTC… and $TSLA… and $GME… Hey, come to think about it, maybe “once in a lifetime” is a bit of a misnomer.

Today’s Price Action:

$SPY: +.04%
$QQQ: +.19%
$DIA: +.18%

Also, check out a name in the clean-energy space that’s poised for growth.

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TODAY’S MOST VOLATILE STOCKS

ONE TOP MOVER

Arm Shares Flex, Close Up Nearly 50%

Briefly: Have you heard that chip stocks are hot?

So Basically: British semiconductor company Arm reported stronger-than-expected earnings after the close yesterday and investors rushed to the stock today.

So Then: The company also offered strong guidance as the emergence of AI is increasing the demand for computer chips.

So What? Arm shares closed Wednesday’s regular session at around $77 a share. Today, it closed at nearly $114 a share, good for a 48% gain. Other semi-names like NVIDIA and AMD initially popped on Arm’s report, but eventually traded slightly lower in today’s session.

What Next: Read more here.

PRESENTED BY FOREMOST LITHIUM

Why Foremost Lithium (NASDAQ: FMST) Could Emerge A Frontrunner in Today’s Global Electrification Transformation

As energy transitions away from fossil fuels, there presently lacks suitable alternatives for lithium, a crucial component in the production of batteries, and a key element of the advancement of clean energy technology. The demand for lithium-powered energy sources are expected to increasingly grow this decade as today’s governments attempt to meet clean energy goals. The current climate in the lithium market may seem uncertain, but energy transition is gaining global momentum.

Pricing volatility in today’s lithium market in part can be attributed to China, which dominates the lithium-ion battery industry, enjoying government subsidies and incentives. The Canadian Natural Resource Minister announced in February 2024, plans are underway to make massive investments to meet the growing demand of the clean tech revolution as well as reduce regulatory approval and review processes in half.

Foremost Lithium Resource & Technology Ltd (NASDAQ: FMST, CSE: FAT) is a hard-rock lithium exploration company located in Manitoba, Canada drilling for future lithium feedstock. 

Click here to learn more on how Foremost plans to lead the electrification revolution.

FIVE MOVERS

Take-Two shares moved lower after the close today, following a weaker-than-expected report from the Grand Theft Auto maker.

Affirm stock closed up more than 10% in today’s session but ended up giving all of those gains back after the close following the company’s report.

Ralph Lauren stock looked really pretty today, closing up more than 15% after reporting strong revenue and growth numbers.

Pinterest stock looked more Snap than Meta, dropping more than 10% after a disappointing earnings report.

Goldman Sachs shares moved slightly lower today as the company faces an investigation for futures trading fees. 

ONE TRADE IDEA FOR TOMORROW

Solana Up 5%, Overcomes Outage Concerns As Analyst Says It Will 'Rally Higher Again'

Briefly: Despite a recent outage caused by a tech issue, Solana’s price rose by more than 5% in the last 24 hours.

So Basically: Quickly improving sentiment led the 5.4% single-day rebound. Rising investor interest and optimism are indicated by its expanding 24-hour trading volume, up 82%, and a 7% increase in open interest to $1.5 billion.

So Then: In the latest Coinshares Digital Asset Fund Flows Weekly report, Solana was the only asset along with Bitcoin that received significant weekly inflows ($13.4 million) compared to just $3 million in the past week.

So What? The founder of Solana-based trading aggregator Jupiter said the decentralized exchange will bring “3 OG projects to the community to introduce themselves, share their plans, and potentially launch their tokens”, which can be seen as a sign of a stable and rising interest in Solana.

What Next: Read the full breakdown of Solana here.  

KEEP READING

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