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Morning Newsletter 4/9

ASO, a new fan favorite, and something we’ve covered a couple of times now, is garnering attention by not just reddit, but also CNBC. Reddit seems to believe that TSM and BABA are experiencing some pullback due to some instances with the Chinese government, but the institutions seem to be bullish on them while they’re posting good numbers. Both Institutions and Reddit seem to be long on AMC after they’ve released some shares with the possibility of growth in the coming future. And with perhaps the most sound analysis, reddit is bullish on APHA because 4/20 is approaching.

GOOOD MORNING! Here at AutoManus, we are passionate about making investing in the stock market fair for everyone, not just the big firms. We’ve developed a tool that gives EVERYONE the same information as Wall Street investors so anyone can make informed decisions. So, we’ve monitored various sources including social media and institutional analysts to bring you a well-rounded set of information to help you get that information. Below you’ll see the top stocks we’ve tracked and flagged. Use this information wisely :)


Stocks need to be noticed today from data we collected:



Stocks need to be noticed today from data we collected (some names are not actual stocks):

ASO, BABA, AMC, TSM, APHA


ASO:

Price:

Last Closed Price: $29.05, Institutional Target Price from WSJ: $31.33, Reddit posts price: $33

Summary on what’s going on:

We covered ASO special Analysis last week, check it here.

The after market movement yesterday with ASO definitely catches people’s attention -- it is up with 7.6%. People are surprised that CNBC even started to have an ASO analyst -- probably this one [Source: CNBC]. People started to doubt that 9M JPM block sale as we noticed yesterday, and they think that the story was out to scare people [Source: Reddit]. People are having different opinions whether ASO can continue or not, but one thing is clear -- ASO is getting more attention.


BABA:

Price:

Last Closed Price: $228.24; Institutional Target Price from WSJ: $323.20;


Summary on what’s going on:

People are expressing negative sentiment toward BABA. People notice that Charlie Munger bought more BABA, and they target $350 -- the biggest worry is Chinese government [Source: Reddit]. The Institutional side also provides an analysis on BABA after Charlie bought BABA [Source: Motley Fool]There are also changes on call interests on BABA [Source: Reddit].



AMC:

Price:

Last Closed Price: $9.79; Institutional Target Price from WSJ: $4.29; Reddit posts price: $12


Summary on what’s going on:

AMC issued new shares, a move many institutions believe will be good for the company in the long run. In May, the company is asking shareholders to vote on the issue of 500 million new shares, which should help raise cash and help the company in the long run [Source: CNBC]. Today also happens to be the final day for shareholders to vote on the new SEC rule NSCC-2021-B01 which Reddit affectionately calls “the straw to break the hedge funds backs”, which may have an impact of AMCs performance today [Source: Reddit].



TSM:

Price:

Last Closed Price: $123.43, Institutional Target Price from WSJ: $155.29, Reddit posts price: n/a


Summary on what’s going on:

TSM stated that revenue rose about 17% due to the increased need for chips during the pandemic [Source: AP]. Apparently on reddit there is someone who mentioned this article about chinese jets in Taiwanese airspace saying it may be tied to TSM [Source: Reuters].


APHA:

Price:

Last Closed Price: $16.27, Institutional Target Price from WSJ: $17.57, Reddit posts price: n/a


Summary on what’s going on:

Weed stocks are still on the rise, but the main reason for WSB to be bullish on APHA and all the other weed stocks is the fact that 4/20 is coming up [Source:Reddit].


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