Happy Monday and welcome back to Bullish Rippers 🔥

Stocks in major indices are trading at notable premiums, fueling concerns that no new stimulus from Washington might be the fire that upends the stock market rally. Major indices traded up mildly today, but outside of them several big movers are the stars of today’s Rippers ⬇️

📈 The rise of SPACs, also known as “blank check companies,” has upended the traditional IPO market. Our biggest mover today is Tortoise Acquisition, a shell company planning to merge with electric truck company Hyliion in an effort to bring it to market. This isn’t the first EV company going public with the unorthodox SPAC merger: five other EVs have used SPACs to go public this year. That said, the idea of any of these prospects being nearly as big as $TSLA has attracted thousands of investors. $SHLL jumped 33.7% today, and it’s up nearly 101% since the announcement August 12.

💉 Our second biggest mover of the day is an Israeli specialty drug maker aiming to create therapeutics for blood disorders. $KMDA is up a little over 17% due to news that one of its treatments for rabies might make it through the rigorous clinical trials. In other biotech news, Revance Therapeutics also made our list. $RVNC was up 10.5% today. Not only has biotech and medicine had a pronounced presence on our lists in the last two weeks, but also largely for the bulk of the pandemic.

😷 Another Ripper today was insurance company BRP Group, which provides personal, commercial, life, and health insurance in many U.S. markets. $BRP reported its earnings a week ago, but it has been rising steeply over the last month. This is presumably because of the idea that “insurance is in” due to the pandemic.

🏡 There were three returning stocks on today’s list: Rocket Companies, iClick Interactive, and Sunrun. We extensively covered $RKT last week and it’s back near the top of our list today with a 12.5% jump. Investors are rushing into $RKT after a bullish home buyers report suggested home sales are through the roof. Just below $RKT is $ICLK , which operates an online marketing tech platform. Yesterday, $ICLK reported in their Q2 2020 that their revenue had increased 322% year-over-year. Lastly, $RUN is up nearly 6%. $RUN made the list just under a month ago after a flurry of good news for the solar panel installation market.

Thanks for joining us for today’s Rippers list. Check back on Wednesday to see more stocks making moves 🕺 🕺

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iClick Interactive Asia Group Ltd logo

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China and internationally.It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.The company also provides mobile marketing solutions, which are non-search engine marketing solutions to identify, engage, and activate audience on mobile apps, as well as monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.In addition, it offers enterprise solutions that help clients collate information from various consumer touchpoints and integrate them into a single data management platform to drive sales and marketing decisions to new retail, online education, real estate, and other sectors.The company sells its solutions by entering into sales contracts with entities or marketing agencies, including marketing campaign contracts. It has a strategic collaboration with Tencent International Business Group to co-develop Smart Retail and Smart Travel SaaS solutions.The company was formerly known as Optimix Media Asia Limited and changed its name to iClick Interactive Asia Group Limited in March 2017. iClick Interactive Asia Group Limited was founded in 2009 and is headquartered in Quarry Bay, Hong Kong. (From: StockAnalysis.com)