Upside, Downside Movers in the Morning

Avatar photo Doug Kass on October 16, 2026

Upside

– $TCRT +25.0% (extends its surge after closing a PAH-focused biotech acquisition and securing about $350M of financing)

– $NCPL +19.0% (regains Nasdaq minimum-bid compliance)

– $SITC +18.0% (declares a $3.00 special cash distribution after an asset sale and plans to delist from the NYSE)

– $FFR +9.0% (launches the $2,490 FF Nova humanoid robot and outlines a proposed roughly $200M robotics combination)

– $ASM +6.5% (Roth/MKM upgrades to Buy from Neutral and raises its target to $8)

– $SMTC +4.0% (raises Q3 sales, operating-margin and EPS outlooks at its data-center analyst day)

– $TSLA +3.0% (unveils a redesigned Roadster featuring rocket-style thrusters)

– $STLA +3.0% (better-than-feared Q3 shipment update showed consolidated volumes down just 1% year over year)

– $FRO +3.0% (tanker shares rebound as geopolitical disruption continues to support shipping rates)

– $RBRK +3.0%, $VRNS +2.5% (cybersecurity names rise after VRNS agreed to a $6.3B all-cash acquisition)

– $NOK +2.5%, $AAOI +2.0% (networking and optical names gain after SMTC raised its data-center outlook)

Downside

– GUTS -53.0% (REMAIN-1 met its six-month co-primary endpoint, but 5.1% weight regain versus 8.2% for sham and a still-pending one-year co-primary fell short of elevated expectations)

– $JAGX -29.0% (special preferred-stock dividend was paid, with each preferred share set to convert into five common shares on November 2, intensifying dilution concerns)

– $MDXH -17.0% (suspends FY revenue guidance after preliminary Q3 revenue of about $22.7M)

– $TLK -15.0% (Indonesia ADR slumps after a warning that the country could face an emerging-market index downgrade)

– $CRWV -5.0%, $IREN -3.5%, $NBIS -2.5% (AI-infrastructure names extend their selloff on debt-funded buildout and profitability concerns)

– $TRV -4.0% (Q3 beat with lower-than-expected catastrophe losses, but shares sell the news after elevated expectations)

– $SKHY -3.5%, $SNDK -2.5%, $MU -2.5%, $ALAB -2.5%, $WDC -2.0%, $AMD -2.0% (chip and storage names weaken as the AI trade de-risks amid higher-rate concerns)

– $IONQ -2.5%, $ASTS -2.5% (speculative long-duration growth names weaken as rate-hike expectations rise)

– $MSTR -2.5%, $HUT -2.0%, $CRCL -1.5% (crypto-linked shares trade lower amid broad risk-off positioning)

Upside, Downside Movers in the A.M.

Avatar photo Doug Kass on October 2, 2026

Upside

– AMOD +108.5% (closed a bitcoin-funded private placement and regained Nasdaq listing compliance)

– NIVF +40.0% (closed an approximately $1.25M public offering)

– SDEV +36.0% (extends Thursday’s surge in the SKY-token treasury name; no clear fresh company-specific catalyst identified)

– TNMG +20.0% (agreed to sell its Japanese business in a $5.5M management buyout)

– $SYNA +15.0%, ON +8.0% (revised merger makes ON’s acquisition of SYNA an all-cash deal at $123 per share)

– $CYPH +8.5%, $FWDI +6.5%, $MSTR +5.0%, $COIN +1.5% (digital-asset treasury and crypto-linked names rise as Bitcoin and major tokens rally)

– $BETR +7.5% (Cantor Fitzgerald upgrades to Overweight from Neutral)

– $XRPN +7.0% (shareholders approved the proposed business combination with Evernorth)

Downside

– $RZAI -21.0% (extends volatile post-direct-listing selling after Thursday’s 29% drop)

– $NXL -20.0% (gives back part of Thursday’s 76% spike following a 10-year Latin American distribution agreement)

– $STX -11.5%, WDC -7.0% (HDD makers fall after Toshiba outlined plans to double capacity and target sharply higher market share)

– $NKE -9.0% (mixed FQ1 as revenue missed and the FY sales outlook implied a surprise steep decline, alongside job cuts and a business reorganization)

– $FICO -8.5%, $EFX -3.5%, $TRU -2.5% (mortgage-credit names fall on a reported FHFA plan requiring lenders to pull data from two credit bureaus instead of three for GSE loans)

– $ASTS -3.5% (B. Riley downgrades to Neutral from Buy)

Looking into ASTS

Avatar photo Stephen Guilfoyle on August 14, 2026

Earlier this week, AST SpaceMobile ($ASTS) released the firm’s second quarter financial results. For the period ended June 30, AST SpaceMobile posted a GAAP EPS of -$0.77 on revenue of $31.52 million. These top- and bottom-line results both fell well short of Wall Street’s expectations. Despite the fact that the sales print reflected annual growth of 2,617%. Hmm…

So, why am I in the stock? Three reasons:

1) The firm signed partnerships with over 60 MNO partners globally who collectively cover over 3 billion subscribers.
2) The firm’s order backlog increased to approximately $1.3 billion in aggregate contracted revenue including both commercial partners and contracts awarded by the U.S. government. 
3) During the call, CFO Andrew Johnson said, “We remain on track to meet our full year 2026 revenue guidance of $150 million to $200 million.” That keeps the midpoint of the range above the $169 million that Wall Street had in mind.

The Chart

Readers will see that ASTS came into this year riding the first peak of what became a double-top pattern of bearish reversal. That setup worked well. Readers will then note that coming out of that setup, as the stock sold off through June and July, the shares developed a falling wedge of bullish reversal. This appears to be working as well. The stock broke out from that closing wedge in late July, ahead of the numbers.

The stock has since retaken its 21-day EMA (green line), engaging the swing crowd. The last sale now stands in between that line and its 50-day SMA which has acted as resistance. Investors need to see the stock make a run at both that blue line and the 200-day SMA as they are not that far apart and that would all but ensure increased participation by professional managers.

Moving on to the indicators, relative strength is looking rather non-committal. However, the daily MACD is looking much better than it has. The histogram of the nine-day EMA is now in positive territory which is a bullish signal. In addition, the 12-day EMA has overtaken the 26-day EMA, which is also bullish. Both of those lines appear to be moving toward the zero-bound. Should these two lines move into positive territory together, the bullish signaling would then be amplified. I think $101 is realistic. 

Positions: Long ASTS equity.