Top-4 Stocks to Trade Before the Holiday 🇺🇸

Click here for today's best stocks to trade. - [Image](www.elitetrade.club) Good Morning! Hey, guys and gals. It's Chris from Elite Trade Club, here to give you the day's premarket trading news. Happy Friday! Today is July 1st. Let's get ready to trade! Also, happy Independence Day from all of us here at Elite Trade Club! Celebrate responsibly. We'll be back with another report when the market reopens Tuesday. Markets 📈 The Nasdaq was Thursday's big loser with a 1.3% loss, while the S&P 500 slid to a 0.9% decline. The Dow lost 0.8% on the session, and the small-cap Russell 2K fell 0.7%. US stocks are on course to open the first trading session of the second quarter with losses. S&P 500 contracts are down 0.4% ahead of the open, after the index had its worst first half since 1970. Markets are closed on Monday for Independence Day, so we could see some volatility in today's trading session as investors scrambled to adjust their positions before the three-day weekend. Sponsored [The "Old Tech" Economy is Dead, But These Stocks Could Be Even Bigger]( Stocks are crashing around the world, and the head of the world’s biggest asset manager, Blackrock, says the next 1,000 “unicorns” will come from a sector you’ve probably completely overlooked. [Get the Full Story Here]( Premarket Highlights 🔎 - Kohl's has ended negotiations to be acquired by Franchise Group, according to a CNBC report. - SEC puts the brakes on Grayscale's efforts to turn its Bitcoin fund into an ETF in the latest setback for the crypto industry. What to Watch Today 👀 Sour Start to the 2H Stocks are coming off their worst start to the year in over 50 years, and institutional whispers of a potential recession have intensified into outright shouts. Yesterday's list of stocks hitting 52-week lows was incredibly long and included many names with Wall Street darlings just a few short months ago. It's too early to tell if the second half will be as bad as the first, but the prevailing sentiment among investors appears to be bearish by most accounts. Either way, prepare for a potentially tumultuous trading session with the Independence Day holiday in front of us. International 🌍 Asia Japan's Nikkei 225 fell 1.7% overnight, while the Hang Seng lost 0.6% in Hong Kong. The Shanghai Composite slid 0.3%. Europe Germany's DAX and France's CAC 40 are both flat midway through the trading day, and the Euro Stoxx 600 is down 0.3%. Major Earnings 💰 - None Economy 🏗 - S&P Global U.S. manufacturing PMI (final) [Jun] ... 9:45a ISM manufacturing index [Jun] ... 10a Construction spending [May] ... 10a Running Hot 🔥 Gainers - Quoin Pharmaceuticals [QNRX] >> +93.1% - Shift Technologies [SFT] >> +7.4% - Avinger [AVGR] >> +15.8% Decliners - Kohls Corp [KSS] >> (15.9%) - Borr Drilling [ENDP] >> (14.1%) - Encompass Health Corp [EHC] >> (16.7%) Invesco Plc [IVZ] - Last Close: $16.13 Invesco is rebounding ahead of today's opening bell. The investment asset manager hit a 52-week low on Thursday as losses continued to rip through the market like a wildfire. However, the move may have been slightly overdone, because the stock is rebounding in today's premarket on minimal news. Today, Morgan Stanley lowered its price target for IVZ to $17 from $23, but maintained its "equal-weight" rating on the stock, matching a similar move from Goldman Sachs a day earlier. However, the prevailing bearishness among analysts hasn't slowed down the stock in today's premarket. IVZ is leading the S&P 500 with an 8.2% gain. Our Take: Invesco looks like a solid value with a P/E ratio of 5.67, and the stock seems to be finding support at the $16 mark. The bearish outlook for the market is holding back this stock, but it could be a good long-term value play. Bit Mining Ltd [BTCM] - Last Close: $0.6201 A new press release is lifting shares of Bit Mining ahead of today's open. The Hong Kong-based crypto miner announced this morning that it had completed a spin-off with Viking Data Centers to develop and operate its Ohio cryptocurrency mining data center. The two companies have been jointly developing the Ohio Mining Site for a planned total capacity of 150 megawatts. After completion of the spin-off, Bit Mining will have exclusive access to 82.5MW of planned electrical power, and Viking Data Centers will have the remaining 67.5MW. Bit Mining hopes the deal will accelerate the construction process of the remaining mining space in the Ohio Mining Site, which the firm has exclusive access to under the agreement. The company now expects to complete the site by the close of the second half of 2022. BTCM is up 18.3% on news of the spin-off. Our Take: Bitcoin is still struggling to hold above $20,000, and other cryptos are also taking a beating. The outlook for the crypto market isn't good right now, and BTCM could face steep resistance as a result of the bearish outlook. Fast Radius [FSRD] - Last Close: $0.6296 Fast Radius is on the move in today's session. The cloud manufacturing and digital supply chain company announced a series of restructuring actions earlier in the week, including a plan to reduce its workforce by 20%. Fast Radius's board of directors has already approved the plan, which also includes plans to consolidate facilities to reduce overall operating expenses. According to a regulatory filing released late Tuesday, the company expects to see run-rate cost savings of $10 million as a result of the move, and the restructuring efforts should be completed by the end of Q3. FSRD is trading actively with a 14.5% gain in the premarket. Our Take: FSRD is showing some concerning signs despite today's gains. Trading volume has been very slow for the stock as of late, and it could be a sign of waning demand. Hopefully, the cost-cutting push gives the firm a boost. Akebia Therapeutics [AKBA] - Last Close: $0.3531 Akebia Therapeutics is on the rise following a major corporate update. The biopharma firm has regained rights to vadadustat in the United States, Europe, China, and access consortium countries after terminating a collaboration and license agreement with Otsuka. The companies have agreed to finalize the termination with an agreed-upon settlement fee of $55 million to be paid to Akebia. Akebia will assume responsibilities for the regulatory review process previously overseen by Otsuka. AKBA is trading actively with a 37.6% gain on the news. Our Take: AKBA has a high short percentage of 8.89%, so it's possible this move is being accelerated by bears scrambling to cover their shorts. That's it for today! Thanks for reading, and good luck out there! Best Regards, Chris -- Elite Trade Club P.S... Want alerts delivered straight to your cell every morning for free?* Text ELITE to 47121 or [click here]( to sign up now and get our watchlists sent directly to your phone! *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. 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