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Iovance Biotherapeutics, Inc. engages in the development and commercialization of cell therapies using autologous tumor-infiltrating lymphocytes (TIL) for the treatment of cancer. Its products include Amtagvi (lifileucel), and Proleukin (aldesleukin). The firm also develops investigational TIL therapies for other solid tumor cancers. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.

Iovance Biotherapeutics Inc

Iovances updated Phase 2 lifileucel data in metastatic non-small cell lung cancer is driving discussion: the overall response rate was broadly consistent with prior results, while a small biomarker-defined subgroup showed a higher response rate. Traders are split between seeing promise in that subgroup and worrying that it narrows the potential market and leaves questions about durability and the regulatory path, amid a sharp selloff.

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services, such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Alphabet Inc - Ordinary Shares - Class A

Alphabet Inc Class A

Alphabets quarterly results missed expectations, and investors focused on slowing Search and advertising growth alongside negative free cash flow and heavy AI infrastructure spending, despite strong Cloud growth. Traders are divided between viewing the selloff as an overreaction and buying the dip, and worrying that AI is weakening Search monetization and that the spending may not deliver returns.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment is composed of products and services relating to productivity, communication, and information services such as Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services for businesses and developers, as well as enterprise and partner services. The More Personal Computing segment refers to products and services including Windows operating system, Windows cloud services, Surface, HoloLens, personal computer accessories, Xbox hardware, Xbox Cloud Gaming, Microsoft News, and Microsoft Edge. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.

Microsoft Corporation

Microsoft Corp

Microsofts quarterly earnings beat and accelerating Azure growth drew attention, with traders viewing strong cloud guidance as evidence that AI demand is translating into revenue. The bullish reaction was tempered by concerns over heavy AI infrastructure spending and the companys bond offering, and shares gave back some of their initial gains.

Alphabet Inc - Ordinary Shares - Class C

Alphabets quarterly results missed expectations, and heavy AI infrastructure spending alongside weaker Search and advertising growth raised concerns about cash flow and whether AI can be monetized enough to justify the investment. Traders are split between viewing the selloff as an overreaction given strong Cloud growth and fearing that AI competition is eroding Search while returns on spending remain uncertain.

ServiceNow, Inc. engages in the provision of an end-to-end workflow automation platform for digital businesses. Its Now Platform is a cloud-based solution embedded with artificial intelligence (AI) and machine learning (ML). The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.

ServiceNow Inc

ServiceNows quarterly report triggered a sharp selloff as an earnings miss and softer Q4 contracted-revenue growth outlook overshadowed revenue growth and a higher AI target. Traders disagree on whether the reaction is excessive given the companys AI momentum or justified by slowing forward growth, rich valuation and concerns that AI could disrupt enterprise software; pressure also spread to SaaS peers.

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It offers cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company was founded in 1966 and is headquartered in Miami, FL.

Norwegian Cruise Line Holdings Ltd

Norwegians quarterly earnings beat and raised full-year outlook have driven attention, with traders also citing stronger bookings and the CFO transition as positive signs. Optimism over a potential turnaround and short covering is tempered by concerns about weaker near-term guidance, still-pressured yields, fuel costs and debt; some traders note the post-results gains have faded amid profit-taking.

Marvell Technology, Inc. engages in the design, development, and sale of integrated circuits. Its products include data processing units, security solutions, automotive, coherent DSP, DCI optical modules, ethernet controllers, ethernet PHYs, ethernet switches, linear driver, PAM DSP, transimpedance amplifiers, fibre channel, HDD, SSD controller, storage accelerators, ASIC, and Marvell government solutions. It operates through the following geographical segments: United States, Singapore, Israel, India, China, and Others. The company was founded by Wei Li Dai and Pantas Sutardja in 1995 and is headquartered in Wilmington, DE.

Marvell Technology Inc

Reports that Marvell is in advanced, unfinalized talks to acquire Lumentum have focused attention on the stock. Traders are divided: some see strategic value in securing optical components for AI data centers, while others worry about the deals size, financing, and potential shareholder dilution.

Eli Lilly & Co. engages in the discovery, development, manufacture, and sale of pharmaceutical products. The firm's products include diabetes, oncology, immunology, neuroscience, and other products and therapies. The company was founded by Eli Lilly on May 10, 1876 and is headquartered in Indianapolis, IN.

Lilly(Eli) & Co

Eli Lilly drew attention after quarterly results topped expectations and the company raised its full-year revenue outlook, led by strong Mounjaro and Zepbound demand; traders largely celebrated the beat and outlook upgrade. Some cautioned that profit guidance was trimmed and debated Foundayos launch and competition in the obesity-drug market.

Caterpillar, Inc. engages in the business of manufacturing construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Power and Energy, and All Other. The Construction Industries segment is involved in supporting customers using machinery in infrastructure and building construction applications. The Resource Industries segment offers machinery in mining, heavy construction, quarry, and aggregates. The Power and Energy segment focuses on reciprocating engines, turbines, diesel-electric locomotives, and related services across industries serving oil and gas, power generation, industrial, and transportation applications including marine- and rail-related businesses. The All Other segment includes activities such as the business strategy, product management and development, manufacturing, and sourcing of wear and maintenance components products, parts distribution, integrated logistics solutions, distribution services responsible for dealer development, and administration. The company was founded on April 15, 1925, and is headquartered in Irving, TX.

Caterpillar Inc.

Caterpillars Q3 results sparked a sharp selloff despite an earnings beat and record backlog, as the company held its full-year sales outlook instead of raising it; traders also questioned operating costs and the quality of earnings after tariff recoveries. Some see the drop as a reaction to lofty expectations and valuation, while others view continued demand and backlog strength as reasons to buy the dip.

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in November 2000 and is headquartered in Sunnyvale, CA.

Fortinet Inc

Fortinets quarterly results beat expectations and lifted its overall revenue outlook, but shares sold off sharply as traders focused on slowing product growth and a lower services revenue outlook. Bulls view delayed service activations as a timing issue and the reaction as excessive, while bears argue the growth deceleration and valuation justified a reset.

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‘Widow Maker’ Natural Gas And ‘Poverty Grass’ Can Wipe Out Commodity Traders, Veteran Analyst Says – Points To Safer Options

Equity

In an interview with Stocktwits, senior market analyst at Barchart, Darin Newsom, said that natural gas and wheat remain among the most difficult commodities markets to trade profitably.

Neutral Sentiment

<ul class="summary-bullets"><li>In an interview with Stocktdwits, Darin Newsom said newer traders are treating complex commodities like momentum trades.</li><li>He stated that natural gas volatility is driven by structural factors, including storage cycles, weather, and export dynamics.</li><li>Wheat prices are shaped by global supply conditions that are not easily captured in headlines, he added.</li></ul>Natural gas and wheat, which are some of the most actively traded U.S. commodities, are flashing fresh warning signs for speculative traders chasing short-term moves. An analyst warns that these remain notoriously difficult to trade profitably.&nbsp;“Natural gas is called the widow maker, and wheat is called poverty grass — not just for those who grow it, but for those who actually try to trade it and make money off of it,” senior market analyst Darin Newsom told Stocktwits in an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://youtu.be/LV8NPYuwPDw">interview</a> with Michele Steele. &nbsp;“These are the hard realities people are going to have to learn."Over the past week, natural gas has&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.wsj.com/finance/commodities-futures/european-gas-prices-slip-as-u-s-extends-cease-fire-traders-cut-positions-f39cc764">moved</a> with geopolitical headlines around the U.S.-Iran war, while wheat has pushed near&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.hellenicshippingnews.com/wheat-futures-approach-9-month-high/">multi‑month highs</a> on tightening global supply, heightening the risk of blow‑ups for anyone treating these as simple swing trades.<h2 class="st-heading-2">Why Is Natural Gas Called A ‘Widow Maker’?</h2>Natural gas has a reputation in commodity markets as the “widow-maker.” Its market price action is sensitive to a mix of factors, such as storage cycles, weather shocks, LNG export flows, and power‑demand switching, all of which can shift rapidly and often simultaneously, leading to violent spikes.&nbsp;For instance, CME Group&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cmegroup.com/newsletters/currently-in-commodities/january-2026-commodities-update.html">reported</a> that natural gas futures and options averaged over 1.3 million contracts per day in January, with single‑day options volumes going as high as 849,000, near‑record levels driven by extreme winter weather and storage swings.“This is not a market you trade off headlines,” Newsom stated, noting that its internal dynamics often override short-term narratives. Even experienced traders and hedge funds have historically&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://onlinelibrary.wiley.com/doi/pdf/10.1002/9781119206095.ch13">struggled</a> to find the edge.<a href="https://stocktwits.com/symbol/NG_F">Natural gas futures</a> moved 1.86% higher in midday trade, to around $2.90, reflecting a fragile, weather‑driven rebound after a choppy quarter. On Stocktwits, retail sentiment around the commodity trended in ‘bearish’ territory at the time of writing, accompanied by ‘high’ levels of chatter.<h2 class="st-heading-2">Why Is Wheat Trading More Complex Than It Looks?</h2>Wheat, on the other hand, has a different but equally cautionary profile. Its pricing is deeply tied to global supply dynamics, including the Black Sea production, Australian weather, US Plains conditions, and export competition from the EU and Argentina.&nbsp;Newsom said that none of these factors are visible in headlines, making it harder to interpret.&nbsp;According to him, the forward curve can contangoed for reasons that require genuine agricultural knowledge to interpret. Contango happens when prices for contracts further out on the futures curve are higher than those for the spot and front-month prices. This usually occurs when markets are oversupplied.“If you didn’t grow up in a wheat field or out in the middle of South Central Kansas, and you just view it as an opportunity to jump in and out of — it’s called poverty grass for a reason,” Newsom stated.&nbsp;The World Bank’s April 2026 Commodity Markets update&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://blogs.worldbank.org/en/opendata/energy-prices-surged-in-march--non-energy-edged-up-pink-sheet">noted</a> that food prices, including grains, have remained elevated versus the broader commodity basket.<a href="https://stocktwits.com/symbol/ZW_F">Wheat futures</a> edged 0.2% higher in midday trade, with retail sentiment on Stockwits around the commodity trending in ‘bearish’ territory on Wednesday morning.<h2 class="st-heading-2">Where The Smarter Money May Be Moving&nbsp;</h2>While natural gas and wheat remain high-risk commodity trades, Newsom flagged areas where fundamentals appear clearer. Energy markets continue to show strong demand amid the geopolitical instability, while precious metals like gold and silver continue to attract attention with global banks continuing to add to reserves<blockquote>“I would say the basis is probably strongest in the energy sector. And I think the actual cash value of metals, particularly gold and silver, are going to start to attract. We continue to hear that global central banks are loading up on gold. I think that’s a play that’s just waiting to start moving the other direction again.”&nbsp;– Darin Newsom, Senior Market Analyst, Barchart</blockquote>He added that in agriculture, soybean oil is currently in backwardation, where nearby contracts trade at higher prices than deferred contracts. This merely indicates a tight near-term supply picture driven by biodiesel demand from the energy sector.&nbsp;&nbsp;“With soybean oil moving higher, soybeans don't really have much choice but to tag along,” Newsom said.&nbsp;<a href="https://stocktwits.com/symbol/ZS_F">Soybean futures</a> edged 0.15% higher on Wednesday, while&nbsp;<a href="https://stocktwits.com/symbol/ZL_F">soybean oil futures</a> gained 0.6%. Retail sentiment around both trended in ‘bearish’ territory on Stocktwits at the time of writing.Newsom’s note to the traders is that while commodities like natural gas and wheat may offer opportunities, without a deep understanding of the factors at play, they could easily turn into costly lessons.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/poet-cfo-confirms-orders-from-marvell-waiting-on-foxconn-luxshare/cZBINvkRI65">EXCLUSIVE: POET CFO Confirms Orders From Marvell – Waiting To ‘Hear Back’ From Foxconn, Luxshare</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Fishermen in their traditional boat pass through the Arabian Sea with the LNG tanker Al Reef in the background in Kochi, India, on April 13, 2026. (Photo by Sivaram Venkitasubramanian/NurPhoto via Getty Images)

Natural Gas

Soybean Oil Futures

Soybean Futures

Wheat Futures

Yes, the bottom is in

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Too early to tell

Depends on the stock

Neocloud stocks like $NBIS, $CRWV, $IREN, and $APLD are rebounding after a brutal October. Have they bottomed?

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Nebius Group N.V. 

CoreWeave Inc

IREN Limited

Applied Digital Corporation

 are rebounding after a brutal October. Have they bottomed?

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🌾 $ZW_F — Wheat Nearing the End of the First Major Downside Leg 
 
Group 2 4-Hour Update: Wheat remains Turning Down below the 795’6 invalidation level. The decline from the September peak is approaching completion of wave (W) near the 600 area. 
 
🎯 Expected path: ZW_F can complete wave (W) near current lows → rebound in an A-B-C correction toward roughly 690 to complete wave (X) → then turn lower again in wave (Y) toward new lows. 
 
⚠️ The broader bearish sequence remains active, although the chart does not recommend selling at current levels. 
 
#Wheat #ZW_F #Commodities #ElliottWave #Futures #Trading

Elliottwave Forecast

📉 Group 2 NY Midday Charts Live:  
 
$ZW_F (#Wheat) targets 582.6 or lower while below the October 6 high. Short-term support at 630.2–611.4 may trigger a 3- or 7-swing bounce before downside resumes. 
 
#Elliottwave #Trading #Wheat

📉 Group 2 New York Charts Live  
 
$ZW_F (#Wheat) favors further downside toward 582.6 or lower while below the October 6 high. Short-term support at 630.2–611.4 could trigger a 3- or 7-swing bounce before the downtrend resumes. 
 
#Elliottwave #Wheat

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