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The markets have been pretty favorable the last couple of days, and I was able to capitalize on some pretty big trades.
In fact, the momentum stock idea I sent you yesterday morning gained over 17% during the day, making it one of the biggest winners on all of Wall Street.
With disappointing earnings from TSLA and GOOGL last night, things are looking rocky out there this morning, however.
Pay close attention to QQQ at the $475 level today. That is a “must-hold” level for the bulls right now. If it breaks under that, I think we could see another $10-20 for the tech index.
Keeping that in mind, I will be very selective in the option trades I scout out with my members this morning.
I think this is one of those days when it makes sense to focus on smaller momentum ideas. The reason is that they are generally less impacted by the overall markets.
While it will probably be very tough to buy most large-cap tech stocks today, smaller companies will probably not be under pressure.
I want you to focus on one particular stock this morning. It is a new stock I haven’t mentioned before, and I am looking forward to seeing how it performs.
Go to your platform and pull up Silynxcom Ltd. (SYNX) right now.
This is a small stock that went public a few months ago, and has been trading in a range around $2.50 to $4 since then.
Right now, I see a nice “wedge pattern” forming with a series of lower highs and higher lows.
You can see it in the chart below…
With the stock closing in on the upper end of the wedge, I wouldn’t be surprised to see SYNX break through that level very soon.
If that happens, I think you should keep a close eye on the $4 level, which has been a strong resistance level so far.
On the lower end, pay attention to $2.75, which needs to hold support. If that breaks down, I think this stock could be headed for a breakdown below the wedge level.
Today should be a very decisive day for the stock.
I think you should have SYNX at the top of your watchlist this morning.
Smaller stocks like this can have explosive moves (in both directions), so make sure you are ready for some big volatility as well.
As you’re doing your own research on it, here are some points I found interesting about the company…
Silynxcom Ltd. (SYNX) is a designer and builder of advanced, rugged headset systems and accessories for military personnel, law enforcement, shooting enthusiasts, and commercial markets.
Since 2005, the company has racked up more than $150M in revenue from the likes of the DEA, CIA, and Marine Core, while partnering with industry titans such as 3M, Gentex, and Elbit Systems.
In the past several years, there has been increasing awareness of the estimated 17% of returning veterans who suffer from hearing loss…
Just in March, 250,000 vets reached a $6 billion settlement of a class-action lawsuit alleging popular earplugs used in the Iraq and Afghanistan wars were faulty.
SYNX products are designed to meet the challenge, with cutting-edge hearing protection from both impulse and steady-state noises that still allows users to maintain situational awareness via “hear-thru” technology.
The products are compatible with most radios, smartphones, and intercom systems, including encrypted channels used by tactical and law enforcement units.
Right now, the company is seizing the all-important “first-mover” status in the transition from over-the-ear headsets — which are considered bulky and outdated — to in-ear headsets.
This is a very significant market opportunity:
As you can see, the compound annual growth rate (CAGR) for in-hear tactical headsets is predicted to be a whopping 42% from 2021 to 2027.
It says a lot that since the start of the Israel/Hamas war, SYNX has received more than $5 million in orders from the Israel Defense Forces (IDF) and Israel Police, including the latest order for $500,000 in military headsets earlier this month.
The company reports that its global distribution network is extensive and has grown 6x in the last two years.
That network helped usher in an order in February which brought its total revenue from a leading global defense firm to $4.5 million.
As noted above, SYNX also serves the American military and security services…
Air Force Major Scott Hlavin, commander of the 7th Security Forces Squadron, said in April 2023 that, “Silynx is the best system for tactical communications. It is our squadron’s standard tactical communications kit and the customer service and support proved by Silynx is without equal.”
On the commercial side, the company outfits Formula 1 race car drivers, Tier 1 cyclists, and industrial workers at the likes of Glencore, Nucor, and Exelon, which has the largest nuclear power plants in the US.
In total, the company boasts more than 300 active customers and boosted its revenue 5% year-over-year in 2023 to $7.6 million.
For more about the company, check out its slick website here and also this very helpful investor presentation.
Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
Bottom line: With the markets likely headed lower today, I think it makes sense to take a close look at smaller stocks that have breakout potential right now. SYNX is one of the few that I think might buck the trend right now, based on the recent strength it has shown.
Make sure you watch SYNX very closely this morning!
To Your Success,
Jeff Bishop
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*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”
Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received seventeen thousand five hundred dollars (cash) from Shore Thing Media for advertising Silynxcom Ltd for a one day marketing program on July 24, 2024. This amount was paid by someone else not connected to Silynxcom Ltd. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into Silynxcom Ltd might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.
So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.