Twitter Secured

Sponsored By April 26, 2022 Good morning traders, Welcome back to The Daily Setup. Markets fell during early trading but rebounded to close positive on anticipation of earnings this week. Here’s what’s on the docket today: - Oil falls on China lockdown concerns - Elon buys Twitter Check out Meeting with the Bobs for today’s question and let’s have a good day. Nick How'd the markets look? Market Outlook Nkarta - Natural Born Killers Biggest Mover [Activision Blizzard, Inc. ]( Shares of biopharma stock Nkarta Inc. (ticker: NKTX) soared higher than the twenty-somethings at Coachella during Monday’s trading session. The company, which has had a [miserable past 16-months]( as evidenced by a stock price that has plummeted from $79 in December 2020 to $7.75 as of Friday’s close, rallied [142.8%]( on Monday. The catalyst for the move was an announcement detailing positive results from two of their preliminary drug therapies. - [Nkarta’s]( “chimeric antigen receptor (CAR) natural killer (NK) therapies” were tested on patients with acute myeloid leukemia (AML) and non-Hodgkin lymphoma (NHL). If your brain hurts from reading this sentence, imagine how mine feels from writing it. - [According to the company](, “after three doses of Nkarta's treatments, all signs of cancer disappeared in 60% of AML patients and 50% of NHL patients.” - Extreme negative immune responses are common in these types of therapies, but the [Phase 1 trials showed]( no reported side effects. On a technical basis, NKTX put in strong support last October in the $15.50-$16.50 range before ultimately breaking lower. That support turned to resistance for the past 6-months up until Monday’s session. If the stock can build support above the $15.50 level, we may very well see a continued move higher to the $22 area. Oh, and before I wrap this up, as always, F*ck cancer. Oil Down on China Lockdown Street Stories [Cycling Downhill] The price of West Texas Intermediate (WTI) crude futures dropped by as much as 6.7% before rallying late in the trading day Monday to close the session down [3.4%](. The steep drop can mostly be attributed to the continued lockdown in Shanghai, mass testing in Beijing sparking fears of lockdowns there, and the hawkish stance by the Fed. - With China being the [world’s largest importer of oil](, investors are concerned that the fourth week of covid lockdowns in Shanghai and the potential for similar lockdowns in Beijing could cause a major drop in demand for black gold. - The Federal Reserve is now in their blackout period (we’ve all been there) before their May 3-4 FOMC meeting. Fed Chair Powell has already said a [50 basis point]( hike is on the table. Hopefully, that’s the only big thing Uncle Jerome is laying on the table. The question on many investors’ minds is whether there’s a scenario where the Fed tightens too much and tips the economy into a recession. Based on past experience with the Fed, I vote that that’s a real concern. - Let’s also not forget President Biden’s [Strategic Petroleum Reserve Release]( which will, “put more than one million barrels per day on the market over the next six months.” Since Russia’s invasion of Ukraine at the end of February, crude oil has had a price range from [$90.37-$121.17](. The bulk of trade, however, has been between $98-$111 over the same time frame. If you’re into chart patterns, crude is currently forming a pennant pattern characterized by lower highs and higher lows over the past 6 weeks. I’ll be keeping a close eye on oil for a breakout one way or the other. Sponsored By: The Best in Men's Grooming! 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The company is expected to list on the Nasdaq under the ticker symbol “MANS” in the second quarter of 2022. Try out [MANSCAPED's]( all-in-one men’s grooming kit complete with [The Lawn Mower®]( 4.0 electric trimmer, the [Weed Whacker®]( nose and ear trimmer, anti-chafing groin deodorant, groin toner spray + 2 free gifts. [Get 20% off & free shipping now](. [GET 20% OFF NOW!]( *See Disclaimer Below BTC Prices Bite It Token Talk [Token Talk] I might want to strap in and hold my crypto portfolio tightly because the past week has not been kind to the digital currency market. The news that ‘ol Jay Powell and the [Federal Reserve]( could be increasing interest rates by 50 basis-points, and the looming threat of a Covid outbreak in Beijing have turned many investors bearish for the time being. At least Doge is [doing well](upon the news that “some guy” is buying a little-known social media company. - Crypto prices already began sliding last week but dipped further during morning trading before rising in the afternoon. Even with the slight gain on the day, Bitcoin [is still down 15%]( from its March high. - The correlation between crypto and the value of tech stocks was made even more evident as [the Nasdaq slipped -2% on Friday]( over Fed rate fears, prompting the sell-offs affecting BTC and its competitors. It’s hard to say that no one saw this downturn coming, but it’s still sobering to see how significantly macro factors can affect the crypto market, especially since crypto was supposed to be a hedge against inflation and act as a diversified investment from the markets. That being said, there’s a chance that crypto’s relation to tech stocks could result in a boost this week. We have earnings reports coming from [Alphabet, Apple, and Microsoft]( (ever heard of ‘em) due and if those are favorable, my holdings could get some relief. Elon Buys the Bird Deals and Rumors [Deals and Rumors]( The madman finally did it. After weeks of back-and-forth, taunts, and [poison pills](, Twitter has finally capitulated and will be accepting Elon Musk’s deal to buy the company for ~$44B, a +38% premium over their April 1st closing price. Critics were divided over whether TWTR’s board would bite, but after Elon revealed his [financing for the deal](, they quickly changed their minds. The saga is far from over as Twitter is expected to release their Q1 earnings report this Thursday and Elon will get to learn about the (probable) mess he’s inherited. - The cash deal will shake out to [$54.20/share](, a serious premium even after Twitter stock rose +5.66% on Monday as the parties got closer to an agreement. - Elon has lined up [$25B in debt]( from a group of banks led by Morgan Stanley, BoA, and Barclays. He will also be committing $21B in equity personally. It’s safe to say that Twitter is probably going private as soon as the deal receives shareholder and regulatory approval but what’s less clear is Elon’s strategy for the company beyond his “freedom of speech” rhetoric. In 2021, advertising accounted for 90% of the site’s revenue but Elon wants to [reduce that reliance](. Time will tell if this ends up being a worthwhile investment for Musk but something tells me that the kid using Twitter to [track Elon’s private jet]( should watch his back. Link Roundup Other News + The New Car for Men Having a Midlife Crisis - GM to Produce Electric Chevrolet Corvettes ([link]() + Maybe We Should Invest in Hackers Rather than NFTs - $2.8M in NFTs Stolen in Bored Ape Hack ([link]() + More Like Call of Doody…Am I Right? - Activision Earnings Disappoint ([link]() + How is Pusha-T Not Coca-Cola’s Spokesperson Yet? - Coca-Cola Impresses with Q1 Earnings ([link]() + Why didn’t they build it in the metaverse? - Meta’s wants to create its first Brick-and-Mortar Store IRL ([link]() Meme of the day He did it, that crazy sob did it, [via @buccocapital]( [other news] Meeting with the Bobs [other news] Welcome to [Meeting with the Bobs](. Reply directly to this email to respond, and feel free to be creative as possible. We hoped to show you the results of the much anticipated Why did Apple create a BIll Gates emoji? … but we’ve had a hiccup in our polling. Hopefully [we’ll fix the glitch]( soon. For today’s question: What are your thoughts on Elon buying Twitter? - [He did it, that crazy s-o-b actually did it]( - [I’m moving to Canada]( - [I’m going back to Myspace]( 62 Calef Hwy #233 Lee, New Hampshire 03861 United States Questions or concerns about our products? Email our team here support@thedailysetup.com © Copyright 2022, [RagingBull]( - [Refund Policy]( - [Privacy Policy]( - [Terms & Conditions]( SPONSORED AD PLACEMENT: This email contains an advertisement by a party that is unaffiliated with Raging Bull. Raging Bull does not in any manner recommend or endorse any stock, investment or service that is the subject of this advertisement.. DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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