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Picks for 2026-07-08

Algorithmically ranked US stock and ETF setups published on this trading day. Graded five trading days later: 1 of 3 beat SPY. Not financial advice.

  1. BABAAlibaba Group Holding Limited

    Alibaba (BABA) shares are surging today, up over 10%, driven by a pre-earnings briefing indicating that losses in its instant-commerce business narrowed last quarter, while overall profitability held steady. This positive operational news, combined with a temporary U.S. court reprieve from a Pentagon lobbying restriction, is boosting investor confidence despite the company pulling AI companion features from its Qwen platform due to impending Chinese AI regulations. The stock's current low relative strength index (RSI) of 29.18 suggests it was previously oversold, and the current price action reflects a strong bounce from those levels.

    5-day return +7.99% · +6.73% vs SPY · beat SPY

  2. TMQTrilogy Metals Inc.

    Trilogy Metals (TMQ) stock is down today after the company reported a wider net loss of $6.3 million for the second quarter ended May 31, 2026, missing analyst expectations. This increased loss was primarily driven by a non-cash adjustment related to a derivative liability and higher losses from its Ambler Metals joint venture, despite progress on its Arctic Project permitting and a strategic investment from the U.S. Department of War.

    5-day return 0.00% · -1.26% vs SPY · lagged SPY

  3. BSXBoston Scientific Corporation

    Boston Scientific (BSX) is seeing downward pressure today after Needham & Company LLC cut its price target from $77 to $57, citing management's recent indication of slowing sales for its WATCHMAN heart device. This analyst downgrade follows a trend of several firms lowering their targets due to reduced expectations for WATCHMAN growth and a significant downgrade of the company's overall organic growth outlook for fiscal 2026, which was announced during its Q1-26 earnings in April. The stock is currently trading below its 20-day and 50-day simple moving averages, reflecting this negative sentiment.

    5-day return -3.95% · -5.21% vs SPY · lagged SPY

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BABA, TMQ, BSX | Picks for 2026-07-08: 1 of 3 beat SPY | RapidTradeView