Good news from the FDA has this stock firing🚀

Other big earnings winners from this morning                                                                                                                                                                                                                                                                                                                                                                                                                 August 22, 2023 *Together with NASDAQ: NLSP Good day, 360 – Here are our top investing ideas today – these setups look primed! Be the best prepared trader on the Street! FULC - Up over 40% after FDA lifts clinical hold on Fulcrum Therapeutics' FTX-6058 for Sickle Cell Disease FN - Up over 19% after earnings beat and positive guidance ZM - Up over 4% after crushing earnings and increased guidance *A message on behalf of Sica Media Our Hot Stock Idea 🔥 today is: NLS Pharmaceutics AG (NASDAQ: NLSP). NLSP is dedicated to helping patients worldwide access safer, better-tolerated and efficacious central nervous system (CNS) therapies. The proprietary drugs they’re releasing are poised to dominate a critical research field that’s projected to account for over [$6.6 billion by 2030](… Which is why we’ve already seen analysts [projecting price points]( as high as $4, $5 and $6 — That might not sound like a lot, but get this… yesterday this stock closed at a bargain 82 cents. That means the upside targets analysts are slapping on this stock are incredible compared to where things are today… Jeff Bishop is super-excited about the “Gamma Trigger” setup he sees forming on NLSP right now. It is the same pattern he told all of his Bullseye Trades members about on QQQ yesterday – which helped him bag a huge overnight winner! As always, if you decide to trade this, do your due diligence, and start with the [company’s website]( here and see if NLSP has a place in your portfolio! *Sponsored by Sica Media. Please see disclosures below. FULC - Up over 40% after FDA lifts clinical hold on Fulcrum Therapeutics' FTX-6058 for Sickle Cell Disease Fulcrum Therapeutics Inc (FULC) is a clinical-stage biopharmaceutical company, focusing on developing products for improving the lives of patients with genetically defined diseases in the areas of high unmet medical need in the United States. This morning, [the company announced]( that the U.S. Food and Drug Administration (FDA) has lifted the clinical hold on the Investigational New Drug (IND) application for FTX-6058 for the potential treatment of sickle-cell disease (SCD). Alex C. Sapir, Fulcrum's President and Chief Executive Officer, stated: "Based on the initial data from the Phase 1b trial, which showed increasing levels of HbF with each dose escalation, we believe in the potential of FTX-6058 to not only shift the current standard of care but importantly, offer these patients a differentiated oral option. We look forward to building on these results with plans to resume enrollment for patients with SCD." The stock is trading over 40% higher on the news. In addition, Stifel upgraded Fulcrum Therapeutics (FULC) to Buy, and announced an $11 price target for the stock. $5.66 has acted as resistance in the pre-market and will be an important level to watch today. Above it the first major target for bulls is the pre-market high at $6.49. Beyond that, $7.50 and $9 come into play with a large gap to fill at $12.89. Below $5.66, there is potential support at $5.40, $5, $4.40 and then a gap to fill at $3.92. FN - Up over 19% after earnings beat and positive guidance Fabrinet (FN) provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services in North America and internationally. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly and testing. After the close yesterday, FN [reporting earnings of]( Q4 EPS of $1.86 vs $1.80 expected. Q4 revenue came in at $655.9 million vs $641.43 million expected. FN guided Q1 non-Gaap EPS of $1.83-$1.90. The stock traded over 19% higher in pre-market after the earnings release. $138 was resistance in the after-hours and now becomes a potential area of support. Above it the first major target is the pre-market high at $142.20. Beyond that, there is blue sky as the stock is trading at all-time highs. Round numbers such as $145 and $150 are potential targets. Below $138, there is potential support at $136, $134, $132 and $129.60. ZM - Up over 4% after crushing earnings and increased guidance Zoom Video Communications Inc (ZM) provides unified communications platforms in the Americas and internationally. The company offers Zoom meetings with HD video, voice, chat and content sharing through mobile devices, desktops, laptops, telephones and conference room systems. ZM [reported earnings]( after the close yesterday of Q2 EPS of $1.34 vs $1.06 expected. Revenue for the quarter was $1.14 billion vs $1.11 billion expected. ZM guided Q3 2024 EPS of $1.07-$1.09 vs $1.03. Zoom sees Q3 2024 revenue of $1.115-1.12 billion, vs $1.13 billion expected. ZM sees FY2024 EPS of $4.63-$4.67 vs the consensus of $4.30. ZM sees FY2024 revenue of $4.485-4.495 billion vs $4.48 billion expected. The stock is trading up over 4% in pre-market after the earnings release. $70 has acted as resistance so far in the after-hours and pre-market and will be an important level to watch. Above it, targets to the upside are $71, $73 and then the after-hours high of $74.50. Beyond that $76, $78 and $80 come into play. Below $70 there is potential support at $69, $68 with a gap to fill at $67.27. $66 and $64.50 are potential targets below that. [Economic Calendar]( To Your Success! *This investment involves substantial risk. Please see full disclosure below, and detailed discussion of risks and atypical results.  Questions or concerns about our products? Email [Support@360wallstreet.io]( © Copyright 2022, RagingBull  *PAID ADVERTISEMENT. Raging Bull has been paid fifteen thousand dollars from Sica Media who was compensated by a third party not affiliated with the Company for advertising NLS Pharmaceutics AG from a period beginning on August 22 through August 24, 2023. 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