Recession-free stocks
After a gap lower, the QQQ’s are in positive territory this morning. Investors stepped in to buy the TSLA and NVDA dips and tech has had a strong move off the open. The $364 area has been resistance in the past, beyond it, further targets to the upside in the QQQ’s are $368 and then the 52-week highs in the QQQ’s at $372.85. Targets beyond that are $380 and $388 to the upside. Below $364, there is potential support at $360, $357 with a gap to fill at $354.50. Further levels lower are $352, $349, with a gap fill to $331.65.
We would like to draw your attention to Mangoceuticals, Inc. (NASDAQ:MGRX). MGRX’s CEO, Jacob Cohen returns to the Nasdaq MarketSite Studio to begin filming a Multi-Part TV Series with New to The Street discussing MangoRx. Mangoceuticals, Inc. (NASDAQ:MGRX) announced the upcoming filming of a TV interview as part of a Multi-Part TV Series on FMW Media’s “New To The Street” business TV show featuring CEO, Jacob Cohen, which will air on Fox Business Network, Bloomberg TV (as a sponsored program) and NewsMax TV (through its syndicated and sponsored networks).
On Monday July 10th, 2023, Jane King, the host of “New To The Street”, will sit down with Mr. Cohen to discuss the rapidly growing men’s health and wellness market, learn more about the Company’s current Mango ED products, and explore the Company’s plans for both the near term and long term future. This interview will the first of a three-part series and will be aired on the Fox Business Network, Bloomberg TV (as sponsored program) and NewsMax TV (through its syndicated and sponsored networks).
“I’m excited for the opportunity to sit down with renowned host and journalist, Jane King, to share more about the dramatic strides we have been making at MangoRx as well as the exciting path we see ahead of us,” commented Jacob Cohen, CEO and Co-Founder of Mangoceuticals, Inc. “We have accomplished so much in such a short period of time, and we have some big steps just ahead as the health, wellness, and direct-to-consumer telemedicine industry continues to experience rapid growth. This interview will also allow me to share more about the upcoming release of our second Mango ED product, which leverages Sildenafil—the active ingredient found in Viagra™—alongside our existing custom compound of Oxytocin and L-Arginine, as well as our plans to introduce additional products into the marketplace.”
The Interview will be filmed at the Nasdaq MarketSite Studio in Times Square and exact dates and air times of the interview will be made available and released shortly after the interview has been completed.
MGRX Company’s Co-Founder and CEO, Jacob Cohen, along with the MangoRx family, including Company officials and members of the executive management team, rang the Nasdaq Closing Bell on Thursday, May 18, 2023. Since then, MGRX has been on a roll to promote its flagship product. MGRX is currently trading at $1.7100. Over then last 5 session, MGRX stock price seems to be consolidating at the current levels and a potential breakout could be in the making.
In today’s stock market news, here are some notable movers and shakers.
AMC Entertainment Holdings, Inc. (APE)
As of 11:50 AM EDT, AMC Entertainment Holdings, Inc., listed as APE, saw a notable rise in its stock value by 12.35%, representing an increase of $0.21. The price per share is now $1.91. The volume of traded stocks reached 20.26 million, compared to an average volume of 12.93 million. The company’s market capitalization stands at approximately $4.58 billion.
SoundHound AI, Inc. (SOUN)
SoundHound AI, Inc., trading under the symbol SOUN, enjoyed a significant surge in its stock price of 16.73%, or $0.63, making the new price per share $4.4007 at 11:50 AM EDT. The volume of traded stocks for this company has reached 21.00 million, in comparison to an average volume of 12.68 million. SoundHound AI’s current market capitalization is roughly $956.68 million.
Tellurian Inc. (TELL)
Tellurian Inc. (TELL) experienced a modest rise in its stock price by 4.40%, an increase of $0.06. This brings the stock price to $1.3885 as of 11:50 AM EDT. The volume of traded stocks for the day was about 3.80 million, which is lower than the average volume of 10.66 million. Tellurian Inc.’s market capitalization currently sits at approximately $781.46 million.
BigBear.ai Holdings, Inc. (BBAI)
BigBear.ai Holdings, Inc., ticker symbol BBAI, saw a positive jump in its stock price by 7.50%, corresponding to an increase of $0.18. As of 11:50 AM EDT, the price per share now stands at $2.5799. The traded volume of stocks reached 3.97 million, against an average volume of 9.27 million. The company’s market capitalization is approximately $368.64 million.
Edgio, Inc. (EGIO)
Finally, Edgio, Inc., trading under the symbol EGIO, reported a significant rise in its stock price by 27.93%, or $0.13, leading to a new price per share of $0.5858 at 11:50 AM EDT. The volume of traded stocks for this company reached 5.36 million, while its average volume is 1.02 million. Edgio, Inc.’s current market capitalization stands at roughly $129.80 million.
In conclusion, it is an active day for these companies in the stock market, with most of them experiencing substantial increases in their share prices.
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