Hi! I am an ex-prop shop equity trader.
This is a daily watchlist for short-term trading: I might trade all/none of the stocks listed, and even stocks not listed!
I am targeting potentially good candidates for short-term trading; I have no opinion on them as investments.
The potential of the stock moving today is what makes it interesting, everything else is secondary.
Today's likely going to be active. In a Fox News interview on Sunday, Trump declined to rule out a recession this year, saying "There is a period of transition" that will eventually pay off for the economy. If that isn't bearish... generally watching tech stocks and other random stocks affected by news.
News: [Rocket Companies To Buy Real Estate Firm Redfin](https://www.cnbc.com/2025/03/10/rocket-companies-to-buy-real-estate-firm-redfin.html)
**Ticker:** [**MSTR (MicroStrategy)**](https://finviz.com/quote.ashx?t=MSTR&p=d)
**Catalyst:** MSTR has announced an At-The-Market (ATM) program to sell up to $21B of its 8.00% Series A Perpetual Strike Preferred Stock.
**Technicals:** Watching $275 level, but with all the bearishness in the CC market recently... biased short but no position.
**Catalyst/Sector Context:** This is basically an offering. This doesn't dilute common stock but creates a new layer of obligation in the cap structure. Creates a dividend obligation of 8% a year that MSTR might struggle to pay going forward without selling some of their holdings.
**Risks:** The underlying CC price is what will determine if this is a good deal or not in the future.
**Related Tickers:** COIN, HOOD, and other CC related stocks.
**Ticker:** [**RKT (Rocket Mortgage)**](https://finviz.com/quote.ashx?t=RKT&p=d)**,** [**RDFN (Redfin)**](https://finviz.com/quote.ashx?t=RDFN&p=d)
**Catalyst:** RKT has agreed to acquire real estate firm RDFN in an all-stock transaction valued at $1.75B.
**Technicals:** RKT offered $12.50/shr, a near 100%+ premium for the price of RDFN. There's around 2.50 of premium (close to 25%) if you want to play the acquisition trade.
**Catalyst/Sector Context:** Supposedly there'll be +$200M in synergy (when the value of the two companies is higher than when they're not), through technology improvements and AI (lol). Deal expected to close in second/third quarter.
**Risks:** The deal is in all stock (which is likely why RKT fell, but expect RKT to gain if the deal is cancelled), so signals some uncertainty and that RKT is overvalued for now. Also remember that we're in a correction right now.
**Related Tickers:** Z
**Ticker:** [**NVO (Novo Nordisk)**](https://finviz.com/quote.ashx?t=NVO&p=d)
**Catalyst:** NVO released Phase 3 trial results for its next-generation weight loss drug, CagriSema, which showed 15.7% average weight loss over 68 weeks, below 25% target.
**Technicals:** This stock can't catch a break. Watching to see if we break the $75 level. Remember there was similar news back in December 20th.
**Catalyst/Sector Context:** The obesity drug market is highly competitive, LLY has Zepbound, which is a major competitor that performs better than Zepbound- so the market is questioning what the point of CagriSema is if Zepbound exists already and performs better.
**Risks:** The lower-than-expected efficacy of CagriSema may affect NVO's competitive position in the obesity drug market, and the company's future stability could be challenged by upcoming patent expirations.
**Related Tickers:** LLY, PFE, SNY
**Ticker:** [**COIN (Coinbase)**](https://finviz.com/quote.ashx?t=COIN&p=d)
**Catalyst:** SP500 has decided not to include COIN in the index during their latest review.
**Technicals:** Watching $200 level.
**Catalyst/Sector Context:** All the people that bought on hype/expectation that this will be included will sell/pare their position. Changes occur roughly every 3 months. The underlying CC has been on a downturn and there's no large catalyst that we can expect (the White House Summit was a bust IMO) so overall a negative catalyst.
**Risks:** I frankly see a warning signal being flashed by MSTR (mentioned earlier).
**Related Tickers:** SQ, HOOD
**Earnings:** [**ORCL**](https://finviz.com/quote.ashx?t=ORCL&p=d), [**ASAN**](https://finviz.com/quote.ashx?t=ASAN&p=d)
