A High-Octane Growth Opportunity 🚀

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. It's Tuesday, November 1st. Let's get ready to trade! Markets 📈 Stocks closed out the month of October on a down note, as the tech-heavy Nasdaq slid to a 1.0% loss. The Dow fell 0.3%, and the S&P 500 closed with a 0.7% decline. The small-cap Russell 2K was flat on the day. Today, futures are rebounding ahead of the opening bell. S&P 500 contracts are currently showing a 0.8% gain. Sponsored [A High-Octane Growth Opportunity 🚀]( Experts expect the global lithium market to grow by 500% due to the explosion of electric vehicles and green energy. And one small-cap stock just snagged a large lithium deposit in a renowned South American location that could make it a top contender in the industry. It could be a once-in-a-lifetime lithium opportunity, and there's still time to get in for cheap. [Get the details here... before Wall Street takes notice.]( Premarket Highlights 🔎 - Tesla Talks to Glencore: Tesla held early-stage talks with Glencore last year about buying a stake in the mining giant, according to a Wall Street Journal report citing sources close to the matter. International 🌍 Asia The Hang Seng Composite skyrocketed to a 5.2% gain overnight, while China's Shanghai Composite jumped 2.6%. Japan's Nikkei 225 advanced 0.3%. Europe European stocks are trending higher. The FTSE 100 is up 1.6%, and the French CAC 40 is showing a 1.8% gain. The Euro Stoxx 600 is up 1.4% on the day. Major Earnings 💰 Eli Lilly And Company [LLY] ... AM Pfizer, Inc. [PFE] ... AM Eaton Corporation, Plc [ETN] ... AM Marathon Petroleum Corporation [MPC] ... AM Uber Technologies, Inc. [UBER] ... AM Phillips 66 [PSX] ... AM Advanced Micro Devices Inc [AMD] ... PM Mondelez International, Inc. [MDLZ] ... PM Airbnb, Inc. [ABNB] ... PM McKesson Corporation [MCK] ... PM Public Storage [PSA] ... PM Devon Energy Corporation [DVN] ...PM Economy 🏗 - S&P U.S. manufacturing PMI (final) [Oct] ... 9:45a - ISM manufacturing index [Oct] ... 10a - Jobs openings [Sep] ... 10a - Construction spending [Sep] ... 10a Running Hot 🔥 Gainers - Quotient Ltd [QTNT] >> +36.4% - PhaseBio Pharmaceuticals [PHAS] >> +17.7% - FemaSys [FEMY] >> +26.1% Decliners - XPO Logistics [XPO] >> (37.1%) - Varonis Systems [VRNS] >> (33.5%) - Goodyear Tire & Rubber [GT] >> (7.0%) Abiomed Inc [ABMD] - Last Close: $252.08 Abiomed is exploding on news of a buyout. The medical technology company announced this morning that it has agreed to be acquired by Johnson & Johnson in a $16.6 billion all-cash deal. Shareholders will receive an upfront payment of $380 per share, representing a 50.7% premium to ABMD's previous closing price. The deal also includes a $35 per share contingent that will pay out on the achievement of certain commercial and clinical milestones. J&J believes the deal will help it shore up its position as a cardiovascular innovator. ABMD is this morning's top S&P 500 stocks with a gain of 51.8% on active trading volume. My Take: ABMD has already closed the gap between its Monday closing price and the proposed acquisition price, so there's not a lot of upside left here. Unity Biotechnology Inc [UBX] - Last Close: $2.86 Unity Bio is heating up after a strong clinical data release. The biotech firm released 24-week data from a Phase 2 BEHOLD study of UBX1325 in patients with diabetic macular edema. The study showed a single injection of UBX1325 led to "statistically significant and clinically relevant" improvement in compared to a sham treatment. “It is remarkable to see such clinically meaningful and sustained improvements in vision...” said Anirvan Ghosh, Ph.D., CEO of UNITY. Unity will host a conference call with a retinal expert at 8:00 a.m. ET today. UBX is one of today's top performers with a 16.0% gain on the news. My Take: This stock is coming off a 52-week low, but there's a chance this story could break it out of its funk. It has an elevated short ratio of 8.18%, but it could be an interesting swing trade candidate. SoFi Technologies Inc [SOFI] - Last Close: $5.44 SoFi Technologies is rallying on earnings results. The FinTech stock released its Q3 results today and delivered above expectations. SoFi reported a Q3 loss of $(0.09) per share and beat the Street's estimate of a $(0.10) per share loss. Revenues of $419.26 million also beat analysts' target of $392.76 million and marked a growth rate of $277.19 million over last year. SOFI is trading actively with a 12.5% gain on active trading volume. My Take: SOFI's short ratio is 12.51%, so there could be trouble in this stock. However, today's strong numbers show they're doing something right. Shares are down big over the past 12 months, but there could be solid upside if SOFI can get its groove back. Cardio Diagnostics Holdings Inc [CDIO] - Last Close: $2.84 Cardio Diagnostics is rebounding from a run of steep losses. The MedTech stock has struggled since completing its business combination with Mana Capital Acquisition Corp, SPAC, but the slide may be bottoming out. CDIO slid to a 10.4% loss on Monday, but shares reversed course after the company released its Form 8-K in the after-hours. The stock continued to heat up through the premarket, and it's currently one of this morning's top performers. CDIO up 17.9% ahead of today's opening bell. My Take: CDIO has gotten killed since making its public market debut, but this rally could help it pivot to an up-trend. This could be a swing trade opportunity if the stock can maintain its momentum. That's it for today! Thanks for reading, and good luck out there! Best Regards, Chris D. -- Elite Trade Club P.S... 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