A crucial week for the market 📈

Stocks are hoping to get their groove back after Friday's setback.                                                                                                                                                                                                                                                                                                                                                                                                                 March 25, 2024 | [Read Online]( Good Morning! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Let’s get ready to trade! Markets 📈 Stocks closed out last week on a low note, with most large-cap indexes notching small losses. The small-cap Russell 2K sold off. - Dow [-0.7%] - S&P 500 [-0.1%] - Nasdaq [+0.1%] - Russell 2K [-1.2%] Futures are down in early trading. S&P 500 contracts are showing a 0.3% loss. What to Watch Today: Today’s session marks the start of a short trading week. Markets will be closed on Friday, due to the Good Friday holiday. Stocks managed to close last week higher, but its lackluster Friday performance could be a sign that the recent rally is running out of steam. Either way, it’ll be a crucial week for the market. The sentiment boost from the dovish Fed comments earlier this month is beginning to run out, and we could see a pullback if inflation numbers don’t improve next month. This week’s performance will tell us a lot about the near-term outlook for the market [Unlock 3 Weekly Trades with Massive Gain Potential!]( Exclusive: A hidden banking algorithm has been pinpointing trades with the potential to double or even triple your investment weekly! Don't miss out on the next big surge. Limited spots open for investors eager to transform their portfolio. Act now to get in on these high-potential trades - before it's too late! [Click to reveal the secret to explosive weekly gains.]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Premarket Highlights 🔎 Boeing Leadership Overhaul Post-737 Max Crisis Boeing [BA] announces a significant leadership overhaul with CEO Dave Calhoun set to depart by the end of 2024, alongside the resignation of board chairman Larry Kellner and the immediate departure of Stan Deal, head of Boeing Commercial Airplanes. This shake-up follows heightened scrutiny over manufacturing and quality issues, amplified by a recent incident involving a Boeing 737 Max 9 aircraft. New Faces 🔄 Steve Mollenkopf steps up as the new board chairman, bringing fresh leadership after serving as a Boeing director since 2020. Stephanie Pope transitions to leading Boeing Commercial Airplanes, aiming to navigate the company through its current challenges with a reinforced commitment to safety and quality. Growing Pressure 🛠️ The changes come in response to calls from airlines and regulators for substantial reforms at Boeing, particularly after the alarming Jan. 5 accident and ongoing concerns over the quality of Boeing planes. CEO Calhoun emphasized the importance of humility and transparency in addressing these issues, asserting a company-wide dedication to safety. Committed to Improvement 💡 Amidst pressures for enhanced manufacturing quality and the efficient production of 737 Max planes, Calhoun reaffirmed Boeing's commitment to resolving its quality control issues. This leadership transition marks a pivotal moment for Boeing as it strives to rebuild trust and ensure the safety and reliability of its aircraft moving forward. Featured Earnings 💰️ - D-Market Electronic Services & Trading [HEPS] ... AM - Bitcoin Depot [BTM] ... AM - Lightinthebox Holding [LITB] ... AM - Noah Holdings [NOAH] ... PM - TMC The Metals Company [TMC] ... PM - GreenTree Hospitality [GHG] ... PM - Sanara MedTech [SMTI] ... PM - Rekor Systems [REKR] ... PM - Bakkt Holdings [BKKTT] ... PM - BuzzFeed [BZFD] ... PM Economy 🏗 - New home sales [Feb] ... 10:00a - Fed Gov. Lisa Cook speaks ... 10:30a Running Hot 🔥 Gainers - Next eGO BV [EGOX] >> +85.7% - Esperion [ESPR] >> +23.1% - Smart for Life [SMFL] >> +17.6% Decliners - Trxade Group [MEDS] >> (31.8%) - SINTX Tech [SINT] >> (30.4%) - BioXcel Therapeutics [BTAI] >> (25.9%) Flora Growth [FLGC] - Last Close: $1.58 Cannabis stocks like Flora Growth are running hot after Germany passed a law to partially legalize cannabis in the country. FLGC jumped 33.9% on Friday after the news broke, thanks to a broad rally in the cannabis sector that boosted many stocks. Today, Flora Growth’s rally is continuing in the premarket. Shares are currently up 35.4% on almost 10 million shares traded. My Take: Cannabis stocks are getting a big boost from the Germany news, but I wonder if the gains will last. FLGC has been riding a favorable trend line, but it could still see a pullback after two days of outsized gains. Microalgo [MLGO] - Last Close: $4.02 This morning, China-based MicroAlgo announced the development of a “deep clustering algorithm based on multi-level feature fusion.” The company highlighted several features of the new technology in the press release, and it said it will pursue further testing & development. MLGO is up 70.4% o over 6.5 million shares traded. My Take: MLGO is getting a big boost from this announcement, but I’m not sure there’s a lot of substance behind this news. With 41.69% shares out on shorts as of Feb. 28th, this could also be a short squeeze. Salarius Pharma [SLRX] - Last Close: $0.62 A favorable earnings report in Friday’s aftermarket is rallying shares of this tiny pharma stock in today’s premarket. Before the weekend, Salarius reported a narrower-than-expected net loss of $(0.22) per share in Q4 2023, significantly outpacing the $(1.01) consensus. The company’s total loss came in at just $0.9 million, down significantly from Q4 2022’s net loss of $6.4 million, or $(2.83) per share. SLRX is up 27.2% on over 1.5 million shares traded. My Take: SLRX appears to be righting the ship, and it could very well produce a profit soon if it can continue on its current track. A swing to profitability could be a big catalyst for this tiny pharma stock. Lucid Group [LCID] - Last Close: $2.77 This California-based EV maker just secured a $1 billion investment from Saudi Arabia’s Public Investment Fund. Ayar Third Investment Company, an affiliate of the sovereign wealth fund, will buy $1 billion in convertible preferred stock, the EV maker said. Lucid Group said the funds will go towards general corporate purposes and other expenditures. LCID is up 18.7% on roughly 10 million shares traded. My Take: LCID has had a very tough 2024, but this investment shows the “Smart Money” still sees opportunity here. It’s also coming off a “double bottom”, a technical pattern that supports a bullish outlook. That's it for today! Thanks for reading, and good luck out there! Best Regards, — Chris D. Elite Trade Club Text ELITE to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign up for SMS]( Join Insider NOW to access to this report! [Get Instant Access Here]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. 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