Author: Doug Kass

Source: TipRanks

Source: TipRanks

Upside

– VEEA +74% (announces proposed merger with NovaGen to create a $750M Edge AI-powered global health platform)

– MYSZ +45% (extends rally after unveiling an acquisition-led strategy to build a defense-technology platform)

– BDRX +18% (extends high-volume rally after interim results detailed eRapa Phase 3 preparations and MTX240 pipeline progress)

– VERA +17% (no clear fresh catalyst identified; unusually large, liquid biotech move)

– RLGT +14% (fiscal Q4 results showed accelerating revenue and profit growth, stronger margins and no net debt)

– TNON +13% (extends rally after early repayment of convertible notes removed a near-term conversion overhang)

– FPS +7.1% (rallies into fiscal Q4 results with investors focused on record orders, backlog growth and margin expansion)

– ASML +3.1%, COHR +1.7%, INTC +1.6%, LITE +1.1% (chip and optical-hardware names rebound after Monday’s selloff as a new advanced-node chip launch reinforces demand expectations)

– NOK +2.7% (Rosenblatt initiates at Buy on AI optical-franchise potential)

Downside

– CNTB -34% (sell-the-news reaction despite preliminary Phase 2 asthma data showing a meaningful reduction in treatment failure)

– FTFT -22% (reverses Monday’s speculative surge with no fresh company catalyst identified)

– ENVA -17% (withdraws regulatory applications for its proposed acquisition of Grasshopper Bancorp)

– PLAY -13% (Q2 sales and profit missed expectations as comps declined and adjusted EBITDA contracted sharply)

– CRCL -5.0%, COIN -4.3%, BMNR -3.9%, HOOD -2.3% (crypto-linked stocks fall as Bitcoin retreats below $78,000 amid broader risk-off trading)

– NOW -2.7%, CRWD -2.0%, CRM -1.8%, PANW -1.7% (software and cybersecurity names give back part of Monday’s sharp rally as Treasury yields climb above 5%)

95% of retail traders and investors shouldn't short stocks:

1. risk/reward is asymmetric – you can lose an infinite amount in shorts but make only 100% in shorts (bankruptcy!)
2. there is a gravitational pull for stocks to rise over time
3. requires risk management/discipline as… https://t.co/e78ak6bBb4

— Dougie Kass (@DougKass) September 15, 2026

Positions: None.

11:00 a.m.: Treasury Announces a 4, 8 and 17 Week Bill Auction; 

11:30 a.m.: Treasury hosts a $75B 6-Week Bill Auction; 

1:00 p.m.: Treasury hosts a $13B 20-Year Bond Auction; 

2:00 p.m.: Treasury buyback (liq support)

Source for below calendar: TipRanks

Positions: None.

Bond positioning has sunk to the 5th percentile. If history rhymes, yields are near a short-term peak.
"When all experts agree, something else tends to happen." – Bob Farrell.
h.t @ISABELNET_SA pic.twitter.com/UlBmAgRkCi

— Lance Roberts (@LanceRoberts) September 15, 2026

Position: None

Yields on 10-year Treasuries are about the highest relative to a similar measure on the S&P 500 since 2000. That's still not enough to materially attract multi-asset investors away from stocks. (1/2) pic.twitter.com/TVo4vIV86p

— Lisa Abramowicz (@lisaabramowicz1) September 15, 2026

Position: None

🇺🇸 Valuation

So far in 2026, US equities have digested higher rates mostly through multiple compression, leaving the valuation gap to bonds largely intact
👉 https://t.co/14i5SQVCfd@GoldmanSachs #spx #stocks #equity #yield #bonds $spx pic.twitter.com/lbCnM43IdV

— ISABELNET (@ISABELNET_SA) September 15, 2026

Position: None

Japan Key Long-Term Rate Hits New 30-Year High https://t.co/XFu2xucRJI pic.twitter.com/lbEB38MqDI

— The Japan News (@The_Japan_News) September 15, 2026

Position: None

From Hedgeye:

VOLUME: accelerated (again) on the down day after decelerating on friday's up day pic.twitter.com/uxbl0hy1dG

— Keith McCullough (@KeithMcCullough) September 15, 2026

Position: None