There are significant news and announcements expected for SoFi Technologies (SOFI) and Petco Health and Wellness (WOOF) next week:
- SoFi's Credit Card Launch: SoFi is set to launch two new credit cards, the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card, which could impact the stock's post-announcement momentum.
- SoFi's Q3 2024 Earnings Release: The company's Q3 2024 earnings report is scheduled for October 29, 2024, and is expected to provide insights into the company's financial performance and growth prospects.
- Analyst Ratings and Price Target: SoFi's stock has crossed above the average analyst 12-month target price, which could lead to re-adjustments and potential changes in investor sentiment.
- Options Market Sentiment: The options market for SoFi Techs shows a bearish sentiment, with a significant number of bearish options trades, indicating a potential short-squeeze scenario.
- Petco's Short-Squeeze Potential: Petco Health and Wellness (WOOF) is expected to experience a potential short-squeeze due to high short interest and recent insider buying activity.
- Rio Tinto's Acquisition of Arcadium Lithium: Rio Tinto's acquisition of Arcadium Lithium for $5.85 per share is expected to be finalized, which could impact the stock's post-announcement momentum.
In conclusion, the significant news and announcements expected for SoFi and Petco Health and Wellness next week include credit card launches, earnings reports, analyst ratings, options market sentiment, and potential short-squeeze scenarios. These factors are likely to impact the stocks' post-announcement momentum. The specific factors driving momentum will depend on the content of each company's earnings report and the market's reaction to the potential short-squeeze scenarios.
10/11/2024 05:06pm
