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Pre-Market Rundown: Macro Trends and Top Picks for February 7

The markets are waking up to mixed economic signals as traders brace for another volatile session. 📺 Watch the full pre-market breakdown here. This morning’s jobs data came in weaker than expected, while hourly pay outperformed estimates—raising early concerns about stagflation. However, rather than making broad index bets, our focus remains on individual stock opportunities, using the StoryTrading Four-Pillar Process to guide our decisions.

Macro Review: Navigating Market Signals

⚡ Catalyst: This morning’s job report sent mixed messages, creating uncertainty in broader market movements. However, the TLT bond ETF remains our guiding signal for risk appetite. With QQQ and SPY stabilizing, we're watching IWM and Bitcoin for directional cues. If major money flows out of risk assets, we will shift to a more defensive approach.

📊 Fundamentals: Tech earnings remain a primary driver of sentiment, with big players like Amazon AMZN and NVIDIA NVDA continuing to invest heavily in AI infrastructure. This aligns with the high CapEx cycle we’ve been tracking, particularly in semiconductor and AI-exposed names.

❤️ Sentiment: Despite early macro concerns, sentiment remains risk-on for key individual stocks. Many of our trades have capitalized on momentum fueled by earnings beats and sector-specific tailwinds.

📈 Technicals: With several key stocks approaching technical resistance levels, today’s trading session will revolve around momentum follow-through and critical breakout levels.

Top Picks of the Day

AST SpaceMobile (ASTS)

⚡ Catalyst: Ongoing momentum post-earnings, fueled by speculation of potential Super Bowl-related sentiment and a strong technical uptrend.

📊 Fundamentals: ASTS has been a standout performer, delivering substantial gains since our entry at $18. Short interest remains high, supporting further squeeze potential.

❤️ Sentiment: Strong trader participation and growing retail interest have kept ASTS at the top of our watchlist. The stock remains a high-conviction technical trade, with a target of $30.

📈 Technicals: ASTS has respected key moving averages, and despite being extended, RSI is not yet overbought, suggesting more room to run.

Nebius Group (NBIS)

⚡ Catalyst: Earnings anticipation, along with broader AI and automation themes boosting the stock.

📊 Fundamentals: The company is benefiting from increasing CapEx in AI infrastructure, particularly among major tech firms.

❤️ Sentiment: Persistent bid support and a bullish technical setup indicate strong trader interest.

📈 Technicals: NBIS needs to break $35.51 to enter a gap fill scenario, which could result in a rapid $3-$4 price expansion.

Byrna Technologies (BYRN)

⚡ Catalyst: Blowout earnings report, significantly beating EPS expectations. Improved margins support a higher valuation.

📊 Fundamentals: Despite a lack of top-line revenue growth, the massive EPS beat signals operational efficiency gains.

❤️ Sentiment: Positive press and guidance have traders optimistic. Dips are expected to be aggressively bought.

📈 Technicals: Potential move to $32.58 as traders digest earnings.

Maris-Tech Ltd. (MTEK)

⚡ Catalyst: Strong sector sentiment, recent news catalyst, and favorable drone sector tailwinds.

📊 Fundamentals: One of the better-positioned drone stocks based on capital structure and valuation.

❤️ Sentiment: Increased social media chatter and institutional interest could drive further momentum.

📈 Technicals: Positioned for a breakout above $3.70-$3.80, with RSI still supportive of further upside.

Doximity (DOCS)

⚡ Catalyst: Strong earnings beat, with analysts adjusting price targets higher.

📊 Fundamentals: Premium valuation remains a concern, but revenue growth justifies potential upside.

❤️ Sentiment: Given the magnitude of the earnings beat, there is potential for a move to $76.88.

📈 Technicals: Trading near resistance, but potential breakout could lead to another leg higher.

Additional Watchlist

• Tesla (TSLA) – Monitoring key support levels in the low $360s for a potential buy signal.
• Pitney Bowes (PBI) – Holding for a move toward $9.29 ahead of earnings.
• Trump Media & Technology (DJT) – Speculative trade with potential breakout towards $34.
• Teladoc (TDOC) – Continued momentum post-Citron coverage, targeting $16-$17.
• BlackBerry (BB) – Noteworthy price action, but needs further confirmation.

Final Thoughts

With a quieter macro calendar today, our strategy leans toward momentum plays and technical breakouts. ASTS remains the strongest candidate, while MBIS and BYRN offer compelling setups for traders looking to capitalize on earnings-driven moves.

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