The $7 Trillion EV Market's "Missing Ingredient"🔍

Biotech is leading today's premarket gainers. Get a full report on all 4 top stocks inside [Image](www.elitetrade.club) Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Today is Wednesday, October 12th. Let's get ready to trade! Markets 📈 US benchmarks closed Tuesday's session with mixed results. The S&P 500 lost 0.6%, and the Nasdaq tumbled 1.1% to officially enter its second bear market of the year. The Dow edged out a small gain of 0.1%, and the Russell 2K posted a fractional advance smaller than 0.1%. Today, futures are rebounding following yesterday's declines. S&P 500 contracts are up 0.6%. Sponsored [The $7 Trillion EV Market's "Missing Ingredient"🔍]( China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals that are "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market. [Don't Miss Your Opportunity to Get in on the Ground Floor]( Premarket Highlights 🔎 - BOE to end bond purchases on schedule, despite concerns from investors and banks, prompting declines in British markets. International 🌍 Asia China's Hang Seng Composite shed 0.7% overnight, while the Shanghai Composite jumped 1.5%. India's BSE Sensex added 0.8%. Europe Britain's FTSE 100 is down 0.1%, and the Italian MIB is showing a 0.3% loss. Germany's DAX is up 0.2%, and the Euro Stoxx 600 is holding onto a small fractional gain. Major Earnings 💰 - PepsiCo [PEP] ... AM - Wipro Limited [WIT] ... AM - Duck Creek Technologies [DCT] ... PM - Rocky Mountain Chocolate Factory [RMCF] ... PM Economy 🏗 - Producer price index, final demand [Sep] ... 8:30a Running Hot 🔥 Gainers - Adamis Pharma [ADMP] >> +25.1% - Hempacco Co [HPCO] >> +54.3% - Recruiter.com Group [RCRT] >> +47.6% Decliners - FedNat Holding Co [FNHC] >> (20.4%) - American Virtual Cloud Technologies [AVCT] >> (17.5%) - Immunic [IMUX] >> (15.4%) PepsiCo Inc [PEP] - Last Close: $162.59 Pepsi is trending after an early-morning earnings release. The consumer staples stock released its Q3 earnings results at 6 a.m. Eastern, and the numbers are getting a good reception in the market. Pepsi's Q3 EPS of $1.97 beat consensus estimates of $1.84 by about 7.0% per share. Revenues came in at $21.97 billion in Q3, which easily topped The Street's $20.82 billion estimate. Pepsi also hiked its full-year 2022 guidance to $6.73 per share in response to the strong quarter, topping analysts' full-year EPS target of $6.70. PEP is one of the morning's top large-cap stocks with a 3.0% gain on active trading volume. My Take: PEP is looking good. It's got a solid P/E, and its chart shows an up-trend could be in place. It also pays a 2.8% dividend, and consumer staples stocks have a history of performing well during economic downturns. I like PEP. Sellas Life Sciences [SLS] - Last Close: $1.80 Sellas Life just passed a pivotal clinical milestone. The late-stage biopharma firm announced on Tuesday that its subsidiary, 3D Medicine, has dosed its first patient in a Phase 1 trial for its lead drug candidate galinpepimut-S in China. The trial will include a total of 15 patients with various types of cancers, including leukemia, myeloma, and non-Hodgkin's lymphoma. 3D Medicines is Sellas Life Sciences' licensee for the development and commercialization of the product candidate in China, Hong Kong, Macau and Taiwan. SLS is one of this morning's top performers with a 36.1% gain. My Take: SLS posted a small loss yesterday when this news broke, but the market seems to have changed its mind. This stock tends to follow some odd trading patterns, and it's still in a downtrend, but the start of the drug trial is legitimate good news for the company. Code Chain New Continent Ltd [CCNC] - Last Close: $0.165 Code Chain is heating up after releasing its annual report. The IoT company released its Form 8K filing after Tuesday's closing bell, and the filing sparked an after-hours rally that's carrying into the premarket. CCNC lost 13.6% on Tuesday, but shares pivoted after the after-hours release. Unfortunately, the Edgar SEC Filing was experiencing issues at the time of writing, so I was unable to access the specifics. However, the report has sent shares of CCNC soaring. The stock is up 21.1% this morning on high trading volume. My Take: Online chatter indicates this move could be the result of a coordinated short squeeze, but CCNC is showing a very low short percentage. However, it's a very tiny stock with a market cap of only $7 million, so there could be some targeted price manipulation in play here. Siyata Mobile [SYTA] - Last Close: $0.1291 Shares of Siyata Mobile are rebounding hard after a recent spat of losses. The enterprise cellular communications company announced plans for a $4 million registered offering via a private institutional placement on Monday, and shares tumbled. Siyata agreed to sell about 15.8 million shares for $0.23 per share and 1.6 million prefunded warrants exercisable at the same price. Net proceeds will go towards general corporate and working capital purposes, according to a Siyata Mobile statement. The news sparked a two-day selloff in SYTA, but the move appears to have been overdone, as shares are rebounding hard in today's premarket. SYTA is one of this morning's most actively-traded stocks, and it's showing a 13.7% gain. My Take: This seems like a natural rebound after an overdone rally, but I don't think it will last forever. I'm expecting SYTA to resume its downtrend soon, so make sure you don't get caught on the wrong side of this one. That's it for today! Thanks for reading, and good luck out there! Best Regards, Chris D. -- Elite Trade Club P.S... If you're on the hunt for a new broker, check out our preferred partner, moomoo! You can [get 15 free stocks]( worth up to $2,000 each if you join the moomoo App now. [Click here to get started.]( P.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! Or Text CLOSE to 47121 to get on the mobile alert list for our Closing Bell Roundup report, featuring the day's top winners and losers. *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. 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