Best Stocks To Trade

The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) are lower this morning after some profit taking yesterday on stocks like NVDA. Investors await the resolution of the debt ceiling vote later today. The QQQ’s made new 12-month highs yesterday before pulling back a bit. The QQQ’s failed at $350 this morning so that will be an important level. Above it, the next target is $355 with a gap to fill at $361.10 above that. Below 350, there is a gap to fill at $348.40. Below that, there is potential support at  347, $336.67, a gap fill to $331.65, with $330, $327, $324 with $320 and $317 below that.

With that, we would like to draw your attention to a small cap NASDAQ stock with huge upside potential. Siyata Mobile Inc. (NASDAQ: SYTA) (NASDAQ: SYTAW) (“Siyata” or the “Company”), a global provider of innovative Push-to-Talk over Cellular (“PoC”) and cellular signal booster solutions, today announced today that it will be presenting at the 13th Annual LD Micro Invitational conference at the Luxe Sunset Boulevard Hotel, Los Angeles, California on June 6th-8th, 2023. The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private 1:1 meetings. Management of the Company is scheduled to present on Tuesday, June 6th at 3:30 p.m. PT.

Key financial highlights for the three months ended March 31, 2023:

  • Revenues were $1.8 million compared to $0.8 million for the three months ended March 31, 2022. This increase of $970,000, or 116%, was due mainly to sales of the SD7 in Q1 2023 of $800,000, offset by a decrease in sales of the legacy products and boosters.
  • Net operating loss was ($2.7) million as compared to an operating loss of ($3.6) million, an improvement of $901,000.
  • Net loss was ($7.6) million, inclusive of a ($4.9) million non-cash change in fair value of warranty liabilities, as compared to a net loss of ($3.9) million, inclusive of a $0.6 million non-cash change in fair value of derivative liabilities, in the same period in the prior year.
  • Adjusted EBITDA was ($2.0) million versus ($2.6) million in the same period in the prior year, an improvement of $676,000. (See reconciliation with IFRS below).

Trading at mere 10 cents and 52 week high of over a dollar, SYTA could have a huge potential to the upside.

Let’s take a look at some of the stocks that could be affected if and when the debt ceiling deal is signed.

SoFi Technologies Inc (NASDAQ:SOFI) – SoFi Technologies provides financial services including loans as well as financial technology platforms to financial and non-financial institutions and brokerage services. SoFi is the debt ceiling play as it offers student loan refinancing with the shares exploding the last couple of days on a tentative debt limit agreement, which would reinstate student loan payments. It’s been over 2 years since debt repayments were paused and the resumption of payments could have a big impact on Sofi’s bottom line. This is a big change in fundamentals for the company and the stock was trading above $15 before student debt repayment were paused leaving over 100% potential upside for the stock from here.

AI- (NYSE:AI) has been one of Wall Street’s favorite stocks this year. After the recent breakout it looks like its now turning bearish. I think AI has gone up too much too fast and any late longs will be tested again. Shorts have been blown out like I thought so this could be the blow-off top in the short term. I expect a nice pullback here before another great long opportunity sets up.

Mobileye Global Inc (NASDAQ:MBLY) – Mobileye has had a nice bounce with the run in tech and AI names. However it has found resistance at all time highs and is making a triple top. I think this is a great risk reward play. The market didn’t like MBLY earnings, and it is much higher now than after the earnings announcement so I think this could be where it tops out and this has great potential to head lower from here as shorts have gotten squeezed pretty hard already.

Other companies in’s space includes: Freshworks (NASDAQ:FRSH), Cvent Holding (NASDAQ:CVT), MicroStrategy (NASDAQ:MSTR), Asana (NYSE:ASAN) and Guidewire Software (NYSE:GWRE)

Disclaimer: Please note that has been compensated one thousand four hundred for ticker tagging services on SYTA by a 3rd party Bullyzeye Media LLC starting 05/30/2023 to 06/02/2023. is NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER., or any of their owners, employees or independent contractors is not currently registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. USE OF FORWARD-LOOKING STATEMENTS. Certain statements made in this article may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Forward-looking statements often include words such as “believes,” “anticipates,” “estimates,” “expects,” “projects,” “intends,” or other similar expressions of future performance or conduct. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made and are not statements of historical fact. They involve many risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. There is no guarantee that past performance will be indicative of future results. does not undertake an obligation to update forward-looking statements in light of new information or future events. Readers can and should review all public SEC filings made by the companies profiled in the Advertisements at https:// www. sec. gov/ edgar/searchedgar/ companysearch.

Image by Nattanan Kanchanaprat from Pixabay

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