Despite facing a challenging retail sales report and an unexpected decline in consumer spending for the month of March, the Dow Jones Industrial Average experienced a positive week, marking its fourth consecutive one. The 30-stock Dow saw a decline of 247 points, or 0.7%, while the S&P 500 and the Nasdaq Composite fell 0.6% and 0.9%, respectively. The S&P 500, however, is on track for its fourth positive week in five, while the Nasdaq is facing its second straight weekly loss. These movements in the stock market reflect the impact of weaker-than-expected retail sales data, indicating that consumers spent twice as much less than anticipated, contributing to growing recession fears. Despite this setback, the Dow Jones remained resilient and is poised to conclude another successful week.
ImmunityBio, Inc. (IBRX) is set to present at an upcoming conference towards the end of the month, which may serve as a near-term catalyst. With a 32% short float as reported by Finviz.com and approximately 82 million shares in the float, IBRX has the potential to be an attractive short squeeze opportunity leading up to the conference.
If you like bitcoin type plays and are looking for something a little cheaper than MARA and RIOT, then BTBT fits the bill Bit Digital, Inc. (BTBT). BTBT fits the bill of a penny stock trading around $2 that has a nice 13% short float according to Finviz.com and some strong momentum with Bitcoin prices topping $30k this week.
According to SwaggyStocks, TRKA is the single highest penny stock on their Sentiment list. This isn’t a typical “short squeeze” play with the short float at only 5% but it has a big following on social media and when the volume comes in, you’ve seen it run from $.30 to $.99 in a short period of time, so the potential is there.