Oct 13, 2021 (WallStreetPR via Comtex) -- Looks like another red day for Wall Street today heading down for a fourth-straight session. Wall Street is still making up its mind on the fresh inflation data and third-quarter earnings reports. The broad index dipped about 0.2% after opening slightly higher. The Dow Jones Industrial Average shed about 160 points, or 0.5%. The Nasdaq Composite bucked the trend and ticked up 0.4%.
Let's take a look at some of the stocks that are beating the odds today on Wall Street. Shares of Jasper Therapeutics Inc /zigman2/quotes/206872721/composite JSPR +4.44% has surged 106.2% in volatile morning trading, enough to pace the Nasdaq's gainers, after Oppenheimer analyst Jay Olson's bullish endorsement the day after the stock closed at a record low. The stock had been halted for volatility twice in the first half hour after the open, as trading volume swelled to 20.7 million shares.
Waitr Holdings /zigman2/quotes/201383418/composite WTRH +3.71% is surging after a seeking alpha article revealed that Morgan Stanley /zigman2/quotes/209104354/composite MS +3.25% disclosed a 10.3% stake in the on-demand food ordering and delivery platform. Morgan Stanley beneficially owns 12.13M shares of WTRH, per the 13G filing.
Clarus Therapeutics Holdings Inc /zigman2/quotes/223252698/composite CRXT +7.27% is up over 35% and is currently trading at $5.59. Truist securities initiated coverage with a Buy rating and a $10 price target.
Sono-Tek Corporation /zigman2/quotes/209546846/composite SOTK +8.15% shares are trading higher after the company reported Q2 sales of $4.07 million up 17% YOY. The company continues to expect higher sales in 2022.
Last but not the least is Blackboxstocks, Inc /zigman2/quotes/200976575/composite BLBX +2.73% . One of the most obvious statements available to that subset of investors who are "very interested" in investing and trading stocks is that "investing and trading stocks is very interesting". It's tautological.
From a market cycle standpoint, it is also inevitably true that as a bull market ages and matures, more and more people become very interested in investing and trading stocks. We are now about 13 years into a secular bull market, and investor enthusiasm hasn't been surging at this level since the late 1990s. It's one of those times when everybody is in on the game, and everybody is making money.
It won't last forever, but it could still last for years. During this type of market environment, one of the biggest winners among industries is likely to be financial technology providers of services to retail investors and traders.
There are low-hanging fruit examples to confirm this idea, including those that allow transactions, such as Robinhood (13 million users today vs 0 in 2015) or those that allow social community interactions around trading, such as StockTwits (>2 million users today vs 250K in 2017).
This user growth has been augmented by a massive surge in options trading and a drop in fees charged by brokers to, in many cases, $0/trade. One of the most dramatic examples of the sudden dominant interest of retail market participants is the massive short squeezes we are seeing in stocks such as GameStop Corp /zigman2/quotes/203755179/composite GME +6.40% and AMC Entertainment Holdings Inc /zigman2/quotes/200235402/composite AMC +7.82% .
This scenario - a raging bull market that casts advantages upon new technology services for market participants - forms the context of the opportunity we highlight here today: Blackboxstocks, Inc (otcmkts:BLBX). That's one of the reasons why a recent analyst research report (see here) gave this stock a $10/share price target. Read MORE HERE .
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer . We may be compensated for posting this content on our website by EDM Media LLC. For questions, comments or suggestions please contact firstname.lastname@example.org.
The post Stocks making waves on Wall Street (JSPR, WTRH, CRXT, SOTK, BLBX) appeared first on Wall Street PR .
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.