A Hot Stock with Breakout Potential 🔥

We're seeing several triple-digit gainers in today's premarket. Get the details inside... [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 Wednesday, August 10th. Let's get ready to trade! Markets 📈 The S&P 500 slid to a 0.4% loss on Tuesday, while the Nasdaq tumbled 1.2%. The Dow fell 0.2% on the day, and the small-cap Russell 2K closed with a 1.5% decline. Today, futures are on the rise ahead of today's critical Consumer Price Index report. Dow and S&P 500 contracts are both up 0.2% in early morning trading. Sponsored [A Hot Stock with Breakout Potential 🔥]( You've probably never heard of this rare metal, but it's a CRITICAL component in our fighter jets, missiles, and military vehicles. The bad news is, Communist China has a MONOPOLY on this critical resource... However, new executive orders from Presidents Trump AND Biden tip the balance in America's favor and deliver huge windfalls for investors. [Get the Full Story on This Promising Stock Here]( Premarket Highlights 🔎 - Coinbase posted a steep loss on its Q2 earnings report, and the company is struggling in the wake of the crypto meltdown in Spring. - SoftBank to downsize its stake in Alibaba, and the company expects to generate a $34 billion gain from the sale. - Elon Musk sold another $7 billion worth of Tesla stock and cited continuing uncertainties regarding his stalled bid to acquire Twitter as the reason for the sale. What to Watch Today 👀 July CPI Inflation is the metric that's on everyone's mind, and today's CPI report will give investors another glimpse into the current state of the US dollar. Consensus estimates predict year-over-year inflation will cool to 8.7% after coming in at 9.2% the previous month. Higher inflation is bad for businesses that have to pay higher costs for goods, and investors fear the Fed will continue to hike rates aggressively until inflation starts to cool. International 🌍 Asia Hong Kong's Hang Seng dropped 2.0% overnight, while Japan's Nikkei 225 slid to a 0.7% loss. The Shanghai Composite lost 0.5%. Europe The German DAX is up 0.2%, and the UK FTSE 100 is showing a 0.1% gain. The Euro Stoxx 600 is flat on the day. Major Earnings 💰 - Fox [FOXA] ... AM - Fox [FOX] ... AM - CAE [CAE] ... AM - GEA Group [GEAGF] ... AM - Disney [DIS] ... PM - Manulife Financial Corp [MFC] ... PM - Coupang [CPNG] ... PM - FrancoNevada [FNV] ... PM - AppLovin [APP] ... PM - CACI International [CACI] ... PM Economy 🏗 - Consumer price index [Jul] ... 8:30a - Wholesale inventories (revision) [Jun] ... 10a - Federal budget (YoY) [Jul] ... 2p Running Hot 🔥 Gainers - ObsEva SA [OBSV] >> +21.3% - SilverSun Tech [SSNT] >> +26.4% - Euro Tech [CLWT] >> +43.2% Decliners - WM Technology [MAPS] >> (30.9%) - Redbox Entertainment [RDBX] >> (26.0%) - OPTIMIZERx Corp [OPRX] >> (23.6%) Twitter [TWTR] - Last Close: $42.83 Twitter is trending on news that could affect its planned sale. Tesla CEO and potential Twitter buyer Elon Musk recently sold $6.9 billion worth of his TSLA shares in preparation of the "unlikely" event that the courts force him to follow through with the acquisition. Twitter is currently suing Musk to enforce the acquisition agreement, which Musk pulled out of after citing concerns regarding the number of fake accounts on the platform. However, if the court rules in Twitter's favor, Musk could be forced to complete the transaction. Today, Investors are taking the news that Musk has sold more TSLA shares as a positive for the Twitter deal. TWTR is leading the S&P 500 with a 3.6% premarket gain. My Take: TWTR is a high-risk, low-reward trade at this price point. If the Musk deal goes through, shareholders will see modest returns that will put share prices in line with Musk's acquisition offer. However, if Musk can successfully get out of the deal, share prices will almost certainly plummet. I think there's a lot more downside risk than upside potential here. Trade Desk Inc [TTD] - Last Close: $54.50 Strong earnings numbers are boosting the Trade Desk this morning. This morning, the cloud-based advertising stock reported better-than-expected numbers on its Q2 earnings release. Trade Desk earned $0.20 per share on revenues of $377 million. The Street only expected EPS of $0.20 on revenues of $365.2 million. The company said it expects to generate Q3 revenues of at least $385, which topped analysts' expectations for Q3 sales guidance of $382.3 million. TTD is trading actively with a 16.9% gain on the news. My Take: It was a strong quarter for the Trade Desk, but I am not sold on this stock yet. The company's valuation is still extremely elevated, which means there could still be a ton of downside risk in this struggling stock. Synalloy Corp [SYNL] - Last Close: $13.28 A strong earnings report is lifting shares of Synalloy this morning. The metals and specialty chemicals company is up big after releasing its Q2 earnings data. Synalloy generated Q2 earnings of $1.06 per share and grew revenues at an absurd 241% clip. Revenues for the quarter came in at $116.2 million, also a health increase from the year-earlier quarter's $83.09 million top-line figure. SYNL is breaking out on news of the strong revenue and earnings growth. Shares are up 13.9% in the premarket. My Take: Synalloy could be a great value. It has a P/E ration under 5.0, and it's showing strong revenue growth in the face of a slowing economy. Plus, the chart looks decent, and the stock could have some upside from its current price point. CarLotz Inc [LOTZ] - Last Close: $0.566 CarLotz just made a big M&A announcement as part of its earnings report. The used car retailer is rallying after releasing its fiscal Q2 financial results, which included the announcement that it has agreed to be acquired by Shift Technologies CarLotz generated revenues of $76.5 million and lost $0.31 per share for the quarter, marking year-over-year revenue growth of 51%. The company also said it plans to combine with Shift Technologies in an all-stock deal that will create an omnichannel auto retailer. Under the terms of the acquisition deal, shareholders will receive 0.692158 shares of Shift for each CarLotz share. LOTZ is trading actively with a 38.8% gain on the news. My Take: Automobiles are a tough place to make a buck during a recession, but this merger deal could give CarLotz and Shift a much better chance at surviving. If you're bullish, pick your openings and make sure you get a good price so you don't get pummeled in a sell off. 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. 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