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In our weekend digest, we summarize the best pieces published from the working week. These can be read in full by clicking on the link over the name/ticker.

Stocks – pushed lower with Omicron concerns

Context Therapeutics (NASDAQ:CNTX) 29/11/21

The stock hit a high in pre market today of $5.55 after closing Friday at $5.10. Initial highs are a short term target for the Context Therapeutics stock price as momentum looks set to build. $8.29 (ATH price) is a gain of 62% from Fridays close. Announcements of more good news relating to trial progress will also help the price gain momentum.

Top Stocks For December 30/11/21

In our top stocks for the month, the team talks through their personal favourites and what they think is hot right now. These include Roblox, Upstart Holdings and SSE.

Twitter (NYSE:TWTR) 01/12/21

Whilst it is too early to make any predictions, there will be significant pressure for Agrawal to hit the ground running whilst facing a challenging competitive and political environment. We recommend observing this stock from the side-lines in the short-term.

Oxford Nanopore (LSE:ONT) 02/12/21

The analyst community is also forecasting further strength for ONT, as a Bloomberg survey of Equity Research Analysts indicates that 86% have recommended the stock as “BUY”, whilst 14% have a “HOLD” rating. There are no analysts with “SELL” ratings.

Snowflake (NYSE:SNOW) 03/12/21

This gives us reasons to be positive, although ultimately the business remains loss making. For investors that see the company breaking even in coming years, there’s clear value in buying shares. However, we do note the hefty premium already attached to shares at $360.

With a market cap of $120bn, the price to sales ratio comes in at 128. This is very high, with our team usually looking for a figure between 1-4. We’re currently on the fence regarding Snowflake shares at $360

SPY Technicals 03/12/21

If we drop below these support levels, I think we could see a 10% correction from highs. This would take us to the $430 area. This area also saw support on previous corrections and is supported by the 200MA. However, the volume profile is very low in this zone. The higher the volume profile is, the stronger that area will act as a pivot.

Crypto – correction lower continues

Shiba Inu (SHIB) 30/11/21

One of the main reasons for the jump in the near term was the confirmation of listing of SHIB on Kraken. It’s a sizeable crypto exchange, and one of the largest that didn’t offer the coin out to investors. The second prerequisite in our opinion for the SHIB price to break back above $0.000080 is risk sentiment. The final thing we’d need to see to support the SHIB price moving higher would be a consolidation in the Bitcoin price.

Top Crypto’s For December 01/12/21

In our top crypto picks for the month, the team talks through their personal favourites and what they think is hot right now. These include SHIB, MANA and SOL.

Cardano (ADA) 02/12/21

However, recent news shows that the development of the decentralized application (DApp) platform is slow in being rolled out. With the likes of Ethereum 2.0 just around the corner, it’s easy to see why investor excitement in this space isn’t focused around Cardano right now. The performance of ADA over the past month likely reflects in part the lack of promise that investors have about the long-term viability of the ecosystem.

Please visit each article to find the disclosure on Alpha Picks holdings in respective stocks/coins. Register here with our preferred investment partner, EToro.

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