Editor’s Note: Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it’s time to buy in. That’s what today’s Stock Power Daily is all about. We’ll show you some of the week’s biggest movers, and then run them through Adam O’Dell’s proprietary Green Zone Power Ratings to see how they stack up.
Spotify Technology (NYSE: SPOT): The popular music streaming service popped 12% higher on Monday after posting its first quarterly profit in a year and a half. It could be a fake-out rally for this “Bearish” stock.
Coinbase Global Inc. (Nasdaq: COIN): Shares of the cryptocurrency exchange soared 21% higher on news that a bitcoin ETF may finally happen, only to crash back down to where it started the week. That’s not a huge surprise for the “High-Risk” stock.
Align Technology Inc. (Nasdaq: ALGN): The floor fell out for this “Neutral” dental stock. Shares crashed 30% on Wednesday after the company missed on earnings and provided a gloomy future outlook amid a “difficult macro environment.”
Verizon Communications Inc. (NYSE: VZ): The telecoms giant had its best day in 15 years after beating expectations on earnings for the third quarter. Shares of the “Bearish” stock closed 9% higher, and investors kept trading at that level to close out the week.
Alphabet Inc. (Nasdaq: GOOGL): It wasn’t all roses for the start of earnings season. The third-largest U.S. company by market cap shed 9% following a lackluster quarterly call. But the stock is still “Bullish.”
This week’s biggest movers were rated all over the place in Adam’s Green Zone Power Ratings system. If you’d like to see every “Bearish” and “High-Risk” stock each week, click here to find out more about Adam’s “Sell Alert.”
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