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Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Alibaba Group's (BABA) Singles' Day shopping holiday, 11/11, started off strong. In the first minute and eight seconds, gross merchandise volume, or GMV, settled through Alipay reached $1.0B. In the first hour, GMV settled through Alipay had reached $12.0B. 2. Facebook (FB) subsidiary Instagram's CEO Adam Mosseri said in a Wired interview that Instagram will start hiding likes on the platform for U.S. audiences beginning next week, saying the goal is to"depressurize... -The Fly
UP AFTER EARNINGS: TrueCar (TRUE) up 26.0%... Fastly (FSLY) up 20.7%... Stamps.com (STMP) up 18.2%...Zillow (Z) up 12.0%... Yelp (YELP) up 11.2%... Eventbrite (EB) up 10.8%... Switch (SWCH) up 10.0%... Viasat (VSAT) up 7.7%... Planet Fitness (PLNT) up 7.6%.... GoPro (GPRO) up 6.6%... Scientific Games (SGMS) up 6.3%... Lions Gate (LGF.B) up 6.2%... Joint Corp (JYNT) up 6.0%... Ceridian (CDAY) up 5.3%... Disney (DIS) up 5.3%... Booking Holding (BKNG) up 5.3%... Cutera (CUTR) Up 4.1%... NCR Corp (NCR) up 4.1%... Avid Technology (AVID) up 2.7%... Monster... -The Fly
$TSLA has been on fire since the summer lows of 2019, one can’t help but to think the squeeze is on all the way to the magic target price set by Elon himself, $420. Fintwit, meaning Financial twitter traders, were out in masses calling out the breakout today. Let’s see if the momentum will carry over into tomorrow’s session, the chart definitely supports a move higher from here: Other than TSLA, momentum has been hard to spot this week. Biotech has been notably strong over the last week, but can be a hard industry to trade. Oil names started the week... -Momentum Trading with RaginCajun
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