Government partnerships and job cuts have these stocks moving

Today’s big movers inside                                                                                                                                                                                                                                                                                                                                                                                                                 June 18, 2024 | [Read Online]( Government partnerships and job cuts have these stocks moving Good morning, 360! Please join us in the [Market Master’s Room]( at Noon EST for special training in penny stocks — say what??? See what all the fuss is about! Be the best prepared trader on the Street! FOCUS LIST🔎 ASNS - Up over 120% in the pre-market after announcing partnership with Carahsoft, The Trusted Government IT Solutions Provider® CHGG - Up over 19% in pre after announcing restructuring plan and significant job cuts MESA - Up over 17% in pre after reporting better than expected earnings LIVE WEBINAR: Jason Bond says, [“PENNY STOCKS ARE BACK”]( His $25,000 account up over $20,000 this month!* Yes… with penny stocks! *Trading is hard, results not guaranteed and should not be expected to be replicated typically. [JOIN Jason Bond LIVE at 12 PM EST for Penny Stock Training]( - Why penny stocks will be hot for the next 6-7 years, maybe 10 - What time of day is best for penny stocks gains - His top pattern for trading HOT penny stocks HOTLIST🔥 ASNS - Up over 120% in the pre-market after announcing partnership with Carahsoft, The Trusted Government IT Solutions Provider® Actelis Networks, Inc. (ASNS) engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America and Internationally. In the after-hours yesterday, the [company announced]( a partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. Under the agreement, Carahsoft will serve as Actelis’ Public Sector distributor, making Actelis’ hybrid-fiber connectivity solutions available to Federal, State and Local agencies, and Educational organizations in the U.S. and Canada through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement and OMNIA Partners contracts. The stock traded up over 120% in the pre-market on the news. The first target for bulls is the pre-market high at $3.30. Beyond that, targets to the upside are $3.75, $4, $4.50 and $5. Below $3.30, targets to the downside are $2.95, $2.60, $2.43, $2.25, $2, $1.40 and then a gap fill at $1.15. CHGG - Up over 19% in pre after announcing restructuring plan and significant job cuts Chegg, Inc. (CHGG) operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. In the after-hours yesterday, the [company announced]( a restructuring plan and new vision for growth, accompanied by significant job cuts. As part of the restructuring plan and new strategy, Chegg will: Refocus on students with a comprehensive course load who are seeking positive learning outcomes and holistic support Reduce its global headcount by 23% to become a leaner, more efficient organization, increasing the speed of innovation and aligning its expense base with near-term revenue trends Simplify systems and processes, using partners to leverage best-in-class software for applications that are not core to its business "This action today delivers on our promise to better align our expense base with our current revenue trends," said David Longo, Chegg’s Chief Financial Officer, "We expect the restructuring will result in non-GAAP expense savings for 2025 of $40 million - $50 million. For 2025, we remain committed to our goal of 30%+ Adjusted EBITDA margin, and we believe we can deliver at least $100 million in Free Cash Flow. We are also reiterating our previous second-quarter guidance that we provided on April 29, 2024." The restructuring includes the departure of 441 employees, which represents 23% of Chegg’s global workforce. The stock traded up over 19% in the pre-market on the news. The $3.05 area has acted as support in the pre-market and will be an important level to watch. Above it, targets to the upside are $3.20 and then the after-hours high at $3.38. Beyond that, $3.70 and $4 come into play. Below $3.05, targets to the downside are $2.80, $2.70 and then a gap fill at $2.61. HOT SUMMER SALE ON MARKET NAVIGATOR — Save $300 now on Jeff Williams’ Flagship SPY trading service. Complimentary Basic Training! Awesome way to learn to trade options! MESA - Up over 17% in pre after reporting better than expected earnings Mesa Air Group Inc. (MESA) operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. In the pre-market this morning, the [company reported]( Q2 2024 financial results. Highlights include: - Total operating revenues of $131.6 million - Pre-tax income of $11.7 million, net income of $11.7 million or $0.28 per diluted share - Adjusted net income1 of $6.3 million or $0.15 per diluted share - Adjusted EBITDAR of $28.2 million - Flew 99.85% controllable completion factor The stock traded up over 17% in the pre-market in reaction to the positive earnings results. The first target for bulls is the pre-market high at $1.43. Beyond that $1.49, $1.60, $1.80 and $2 come into play. Below $1.43, targets to the downside are $1.26, $1.17 and then a gap fill at $1.13. MARKET NEWS 📰 👊 Make sure you are getting my mobile text alerts –  text “RAGE” to 1-(888) 404-5747 to get all of my latest HOT STOCK ideas delivered right to your phone (make sure you put the “1” at the front!). Don’t miss out! 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