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  • Market Movers: Nextracker's Lawsuit, AstraZeneca's Plunge, and Ascend's Buyback 🚀

Market Movers: Nextracker's Lawsuit, AstraZeneca's Plunge, and Ascend's Buyback 🚀

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Recent Headlines

Nextracker's Class Action Lawsuit: What You Need to Know (4 minute read)
Nextracker Inc. is facing a class action lawsuit after revealing significant revenue declines and project delays that led to a 15% drop in its stock price. Investors who suffered losses during the specified period are encouraged to seek appointment as lead plaintiffs.


Ascend Wellness Launches Share Buyback Program to Boost Value (5 minute read)
Ascend Wellness Holdings has announced a new share buyback program, allowing for the repurchase of up to $2.25 million worth of shares. This initiative is aimed at enhancing shareholder value as the company looks forward to new opportunities in the coming year.


Lakeland Industries Director Boosts Stake: What It Means for Investors (4 minute read)
Director Nikki Hamblin of Lakeland Industries purchased 2,220 shares of the company, increasing her stake significantly. This move comes amid fluctuating stock performance and reflects confidence in the company's future prospects.


FS KKR Capital Raises $100 Million: Insights on Their Unsecured Notes (4 minute read)
FS KKR Capital Corp has completed a public offering of $100 million in unsecured notes due 2030. The proceeds will be used for general corporate purposes, enhancing the company's financial flexibility.


AstraZeneca's Stock Plummets Amid Investigation: Investors React (4 minute read)
AstraZeneca's stock has dropped 15% as the company faces a widening investigation in China, leading to a securities class action lawsuit. Allegations include illegal drug imports and data breaches, raising concerns about the company's future performance.


Boston Beer Adjusts FY24 Earnings Guidance: What to Expect (3 minute read)
Boston Beer has updated its earnings guidance for FY24, projecting EPS between $8.00 and $10.00, slightly below consensus estimates. Analysts remain cautious as the company navigates a challenging market.


Capri Holdings Faces Securities Fraud Lawsuit: Key Details (3 minute read)
Capri Holdings Ltd. is facing a securities fraud lawsuit following a failed merger agreement with Tapestry, which has led to a nearly 50% drop in stock price. Investors are encouraged to seek legal counsel if they suffered losses during the relevant period.




Technical Analysis Results



Undervalued
BNDX
Vanguard Total International Bond ETF
Volume: 12.0M shares | Price: $48.91

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Buy
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated buy signals, 1 indicated a neutral signal.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Buy
ULTOSC
Buy
STOCH
Hold

Recent Mentions of BNDX


Bond ETFs Spike Post-Inflation Data, but Traders Sell
Bond ETFs pop and then drop as traders sell ahead of a potential December Fed rate cut.




Undervalued
ITW
Illinois Tool Works Inc.
Volume: 471.5K shares | Price: $256.55

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Hold
STOCH
Buy

Recent Mentions of ITW

Illinois Tool Works (ITW): Buy, Sell, or Hold Post Q3 Earnings?
Illinois Tool Works trades at $258.77 and has moved in lockstep with the market. Its shares have returned 9% over the last six months while the S&P 500 has gained 9.7%.

Illinois Tool Benefits From Business Strength Amid Headwinds
ITW gains from strength across markets, enterprise initiatives and shareholder-friendly moves. Softness in the MTS test & simulation business persists.




Undervalued
LEN
Lennar Corporation Class A
Volume: 2.0M shares | Price: $137.19

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Hold
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of LEN

Jim Cramer on Lennar Corporation (LEN): ‘When It Comes To Housing, We’re Going To See A Decline In The Price Of Housing’
We recently compiled a list of the Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options. In this article, we are going to take a look at where Lennar Corporation (NYSE:LEN) stands against the other stocks. In his second appearance on Squawk on the Street after the Fed’s interest rate cut, Jim Cramer had a […]

Jim Cramer on Lennar Corporation (LEN): ‘Who Knew That Rates Were Going To Go Up When The Fed Cut?!’
We recently compiled a list of the Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut. In this article, we are going to take a look at where Lennar Corporation (NYSE:LEN) stands against the other stocks Jim Cramer recently talked about. The Federal Reserve created quite a bit of turmoil in the stock […]




Undervalued
WCN
Waste Connections, Inc.
Volume: 439.3K shares | Price: $171.27

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Hold
BBANDS
Hold
ULTOSC
Buy
STOCH
Buy

Recent Mentions of WCN

Zacks Industry Outlook Highlights Republic Services, Waste Connections and Waste Management
Republic Services, Waste Connections and Waste Management are part of the Zacks Industry Outlook article.

Here are 3 Waste Removal Services Stocks to Watch Amid Industry Woes
The Zacks Waste Removal Services industry is anticipated to gain from the surging need for ESG Goals, technological advancements and innovation in WTE technology. RSG, WCN and WM are positioned to benefit from rising demands.




Undervalued
CSL
Carlisle Companies, Inc.
Volume: 136.7K shares | Price: $371.99

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Hold
ULTOSC
Buy
STOCH
Hold

Recent Mentions of CSL

Carlisle Gains From Business Strength & Buyouts, Risks Persist
CSL gains from strength across its businesses, accretive acquisitions and shareholder-friendly policies. Softness in the residential market and escalating operating expenses remain concerns.

Carlisle to Boost Product Portfolio With the Acquisition of ThermaFoam
CSL's acquisition of ThermaFoam is set to strengthen its product offerings and boost its position in Texas and the South-Central United States market.




Undervalued
VTIP
Vanguard Short-Term Inflation-Protected Securities Index Fund
Volume: 1.6M shares | Price: $48.34

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Hold
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Buy
ULTOSC
Buy
STOCH
Hold

Recent Mentions of VTIP






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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

Disclaimers

The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.

Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.

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