This $2 Stock Could Skyrocket in August 🚀

Don't miss these red-hot stocks... [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. Today is Tuesday, August 2nd. Let's get ready to trade! Markets 📈 The S&P 500 slid to a 0.3% loss in August's first trading session, and the Nasdaq lost 0.2%. The Dow and the small-cap Russell 2K both lost 0.1%. Today, futures are falling ahead of the opening bell. S&P 500 shares are up 0.8% in today's premarket. Sponsored [This $2 Stock Could Skyrocket in August 🚀]( This "World's Most Admired" company's stock would be a bargain at $50... But, today, it's trading for under $2! Plus, a key August 4th announcement could ROCKET shares higher in the coming weeks... This could be your last chance to get in this stock for this cheap. [Get the Details Here]( Premarket Highlights 🔎 - There's lots of M&A chatter this morning. Apollo Group, TD Bank, and Estée Lauder are all reportedly in acquisition talks with smaller companies. - A year-long run of record-breaking growth in apartment rents is finally starting to cool off. Apartment rents rose 9.4% YoY in Q2, marking a slowdown from its previous 11% annual rate. What to Watch Today 👀 An International Incident? Investors fear House Speaker Nancy Pelosi's visit to Taiwan could heighten tensions with the Chinese government. Chinese officials have promised retribution for the visit, and the resultant investor anxiety could explain some of the volatility we're seeing in today's premarket. International 🌍 Asia Japan's Nikkei 225 is down 1.4%, and the Hang Seng Composite is showing a 2.4% loss. The Shanghai Composite is down 2.3%, and the Aussie ASX 200 is trying to hand onto a 0.1% gain. Europe Germany's DAX is down 0.9% midway through its trading session, while France's CAC 40 and the Euro Stoxx 600 are showing losses of 0.8%. Major Earnings 💰 - S&P Global [SPGI] ... AM - Caterpillar [CAT] ... AM - BP [BP] ... AM - Illinois Tool Works [ITW] ... AM - Eaton [ETN] ... AM - Advanced Micro Devices [AMD] ... PM - PayPal [PYPL] ... PM - Starbucks [SBUX] ... PM - Gilead Sciences [GILD] ... PM - Airbnb [ABNB] ... PM - Occidental Petroleum [OXY] ... PM - Pioneer Natural Resources [PXD] ... PM Economy 🏗 - Job openings [Jun] ... 10a - Quits [Jun] ... 10a - Rental vacancy rate [Q2] ... 10a - Homeowner vacancy rate [Q2] ... 10a - Real household debt [Q2] ... 11a Running Hot 🔥 Gainers - AMTD IDEA Group [AMTD] >> +305.8% - 36Kr Holdings Inc [FFIE] >> +55.9% - Quoin Pharamceuticals [QNRX] >> +62.9% Decliners - Eliem Therapeutics [ELYM] >> (30.3%) - Enhabit Inc [EHAB] >> (11.0%) - Tetra Technologies [TTI] >> (20.9%) DaVita Inc [DVA] - Last Close: $84.85 DaVita is taking off a strong earnings report. On Monday evening, the kidney dialysis provider shared its second-quarter results, and the numbers were strong. DaVita generated earnings of $2.30 per share, beating analysts' $2.09 EPS target. However, revenues of $2.927 billion narrowly missed the Street's $2.93 revenue view. DaVita expects full-year earnings between $7.50 and $8.50 for the year, which fell in line with analysts' estimates. DVA is one of the top S&P 500 stocks with a 5.7% gain in today's premarket. Our Take: DaVita looks like a good value with a 10.1 P/E, and its business model is as recession-resistant as they come. Shares have been up-trending since mid-June, and today's breakout could put it over the hump. Uber Technologies [UBER] - Last Close: $24.60 Uber Technologies is rallying after an early-morning earnings release. The ride-share giant released its Q1 results this morning, and the report is getting a warm reception in the premarket. Uber swung to a Q2 operating loss of $1.33 per share after earning net income of $0.58 per share a year earlier. Analysts expected a much smaller loss of $0.27 per share. However, revenues surged to $8.07 billion in the second quarter from $3.93 billion a year earlier, as higher gas prices and inflation drove many cost-conscious riders back to the platform. Analysts only expected $7.37 billion in revenues. Despite its Q2 operating loss, Uber returned to positive free cash flow of $382 million, reversing the negative cash flow it reported in the year-earlier quarter. UBER is trading actively with a 13.1% gain on the news. Our Take: Uber just CANNOT turn a profit. It seems the more money this company makes, the more it loses. Its negative EPS was nearly 5X higher than analysts expected despite a sizeable revenue beat. The recessionary environment is sapping demand for high-growth, no-profit tech companies like Uber, and I am not confident in this company's ability to consistently generate profits. I don't think UBER has seen its bottom yet. Virax Biolabs Group Ltd. [VRAX] - Last Close: $11.85 Monkeypox stocks are officially a thing, and Virax is one of the small stocks taking center stage. Last week, Virax announced that it was launching PCR test kits for monkeypox and Varicell-Zoster viruses, and the stock has been moving on monkeypox news ever since. Virax Biolabs has been extremely volatile the last week, but the stock rallied when the World Health Organization and New York City declared the disease a health emergency. Today, shares are continuing their march higher after a 119.4% gain in Monday's session. VRAX is one of today's most active stocks, and it's showing a 24.0% gain. Our Take: Monkeypox stocks might not have the same kind of staying power as Moderna and other COVID-19 winners. You could cash in on some short-term gains here, just be careful you don't get stuck onboard for the fall back to Earth. Faraday Future Intelligent Electric [FFIE] - Last Close: $2.00 A fresh injection of cash is lifting shares of Faraday Future. The EV company announced today that it has signed a non-binding term sheet with one of its major shareholders, FF Top Holding, for up to $600 million in potential senior secured convertible notes financing. FF Top said it will find several investors to participate in the financing deal through new or existing investment vehicles in a principal amount of at least $100 million. Instead of purchasing the notes, FF Top will instead pledge a portion of its shareholdings as downside protection to the potential lead investor, according to a statement from the holding company. News of fresh financing round is boosting FFIE to a 15.0% gain this morning, and its the premarket's most actively traded stock. Our Take: EV stocks are a little tricky, and I've never heard of this one before. The chart is showing pretty good support at $2 per share, but the chart also has the hallmarks of a battleground stock. Use your judgement, but know the risks. Invite Your Friends to Join Elite Trade Club and [Start Earning Valuable Rewards Now!](elitetrade.club/referral/?email={EMAIL}) [Image](elitetrade.club/referral/?email={EMAIL}) 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. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails. 1969 S. 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