Don't Miss These Stocks Today

The market turned south before entering the three-day break. The Nasdaq was the day’s biggest loser, while small-caps outperformed with a flat session.

Dow [-0.3%]
S&P 500 [-0.4%]
Nasdaq [-0.8%]
Russell 2K [0.0%]

S&P 500 futures contracts are pointing lower in early trading. S&P 500 contracts are currently down by 0.3%.

What to Watch Today:
It’s a big day for Big Box retailers. Today, we’ll kick off the trading week with reports from Walmart and Home Depot ahead of today’s opening bell. After the close, a quarterly report from International Flavors & Fragrances could also be worth keeping an eye on.

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Sound Group [SOGP] - Last Close: $2.89

Singapore-based Sound Group is getting a boost after launching new AI-powered applications for the international market.

The company also says it plans to further “develop and enrich its suite of AI by actively integrating AIGC technologies.”

Sound Group said its technological breakthroughs include: Automatic Speech Recognition, TTS, AI voice, and Large Language Models.

SOGP Is up 103.1% on roughly 8 million shares traded.

My Take: This SOGP press release is really light on substance. AI hype is the only reason for this rally. Watch for a pull back.

Motus GI Holdings [MOTS] - Last Close: $0.6523

After Tuesday’s close, this tiny biotech announced it had been awarded a new patent titled “systems and methods for cleaning a colon.”

The U.S. Patent & Trademark Office granted the patent, and it will enhance intellectual property protections of Motus GI applications.

MOTS is a top mover with a 50.3% gain on nearly 7 million shares traded.

My Take: This rally seems a little overdone. It’s possible there’s more to the story, but I’d be wary of a sudden correction.

Origin Agritech [SEED] - Last Close: $2.30

This tiny Beijing-based AgTech firm announced upbeat financial results for its fiscal year ending Sept. 30th, 2023, in today’s premarket.

Origin grew its top-line revenue figure to US$13 million, marking a 77.5% increase compared to the previous year.

The company also saw its net income of skyrocket to US$8.7 million in the fiscal year, after reporting just a fraction of that a year earlier.

SEED Is up 52.5% on more than 5 million shares traded.

My Take: SEED’s financial results show promise, and the stock’s chart isn’t all that bad either. However, you should take the good news with a grain of salt when it comes to Chinese stocks.

Microcloud Hologram [HOLO] - Last Close: $16.41
This tiny stock has been trading erratically for nearly two weeks, and it’s rallying in today’s premarket in what appears to be a short squeeze.

As of Jan. 31st, HOLO had 52.37% of its total float out on shorts, and more short trades could’ve been opened since then.

Even with its recent pullbacks, shares of HOLO are still up 986% over the past 10 days, and it’s looking to add to its gains in today’s session.

HOLO is up 2.3% on over 1.5 million shares traded.

My Take: HOLO has been all over the place these past couple of weeks, so be very cautious if you decide to chase this one down.

Gainers
Greenbrook TMS [GBNH] >> +129.4%
Energy Focus [EFOI] >> +36.4%
CN Energy Group [CNEY] >> +23.3%
Decliners
Pop Culture Grp [CPOP] >> (32.2%)
Shineco [SISI] >> (26.9%)
Palo Alto Networks [PANW] >> (24.2%)