Watch these 4 stocks closely today 👀

[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 Wednesday, November 16th. Let's get ready to trade! Markets 📈 Stocks moved higher on Tuesday after October's PPI report sparked a wave of bullish sentiment. The Nasdaq jumped 1.4%, and the S&P 500 gained 0.8%. The Dow added 0.1% on the day, and the small-cap Russell 2k outperformed with a 1.5% rally. This morning, futures uncertain ahead of today's retail sales report. Dow and S&P 500 contracts are showing fractional losses of less than 0.1%. Sponsored [The Dark Secret of the Energy Industry]( Most people don’t know this… But sixty percent of the energy that’s generated each year in America is wasted. That’s right — sixty percent! Fortunately, a tiny Silicon Valley company just discovered how to tap this trillion-dollar treasure trove of wasted energy, and turn it into power we can use… As you can imagine, the stock behind this incredible technology could be on course to explode. And early movers could reap the lion's share of the gains. [Get a Complete Briefing Here]( Premarket Highlights 🔎 - Diesel Hits Record Premiums. The average price of a gallon of diesel fuel is $1.60 more than a gallon of gasoline, marking the widest price gap ever between the two commonly used fuels. - Estée Lauder to Buy Tom Ford. The $2.8 billion all-cash deal ranks as the cosmetic giant's largest-ever acquisition. What to Watch Today 👀 Retail Sales The market seems to be in a holding pattern as we approach today's retail sales report. After getting good news on Oct.'s CPI & PPI reports, investors could be looking for a weak number here. If inflation is slowing down and the economy is showing weakness, the next Fed rate hike will likely be smaller than past months, and the rates are the market's primary concern. I wouldn't be surprised if we saw bullish trading action in response to a weaker-than-expected report. International 🌍 Asia Japan's Nikkei 225 and India's BSE Sense both edged up by 0.1% overnight, but China's Hang Seng and Shanghai Composites both fell by 0.4%. Europe European markets are red, with Germany's DAX is down by 1.0%, and the French CAC 40 is showing a 0.5% decline. The Euro Stoxx 600 has fallen 0.7% midway through its trading session. Major Earnings 💰 Tjx Companies, Inc. (The) [TJX] ... AM Target Corporation [TGT] ... AM Grab Holdings Limited [GRAB] ... AM On Holding Ag [ONON] ... AM Spire Inc. [SR] ... AM Zim Integrated Shipping Services Ltd. [ZIM] ... AM Sportradar Group Ag [SRAD] ... AM Copart, Inc. [CPRT] ... PM Bath & Body Works, Inc. [BBWI] ... PM Global-E Online Ltd. [GLBE] ... PM Hillenbrand Inc [HI] ... PM Copa Holdings, S.A. Copa Holdings, S.A. [CPA] ... PM Economy 🏗 - Retail sales [Oct] ... 8:30a - Import price index [Oct] ... 8:30a - Industrial production [Oct] ... 9:15a - Capacity utilization rate [Oct] ... 9:15a - Business inventories (revision) [Sep] ... 10a - NAHB home builders' index [Nov] ... 10a Running Hot 🔥 Gainers - Esports Entertainment [GMBL] >> +24.5% - Biodesix [BDSX] >> +17.9% - Lizhi [LIZI] >> +18.8% Decliners - Carnival [CCL] >> (12.5%) - Target [TGT] >> (13.7%) - Advance Auto Parts [AAP] >> (14.6%) Digital World Acquisitions Inc [DWAC] - Last Close: $25.37 The SPAC behind Donald Trump's TRUTH Social is rallying after last night's announcement. The former president announced his presidential campaign for the 2024 election on Tuesday night, and DWAC is moving higher on the buzz. DWAC has a deal in place to merge with Trump's social media platform, so the stock often functions as a de facto Trump sentiment gauge. DWAC is one of this morning's most active stocks, and it's up 4.9%. My Take: Investors hope Trump's run will attract more users to TRUTH Social, but the new Musk-led Twitter could siphon off some of that demand, especially is Musk lets him back on the platform. Grab Holdings [GRAB] - Last Close: $3.13 An upbeat earnings release set off a premarket rally in Grab Holdings. The Singapore-based food delivery stock reported its Q3 earnings results this morning, and the results surpassed analysts' expectations. Grab posted a loss of -$(0.08) per share, which was slightly better than the consensus estimate of a -$(0.09) per share loss. Revenues came in at $382 million for the quarter and beat the consensus target of $348 million by a significant margin. Grab also raised its full-year 2022 forecast to a stronger-than-expected range of $1.32 billion to $1.35 billion to account for the strong quarter. Analysts' expected $1.28 billion. GRAB is up 15.6% on active premarket trading volume. My Take: This stock has been on a hot streak since last week. It just broke through a stiff resistance point at $3, and it looks like it's in the early phases of a pivot. There could be some opportunity for a swing trade here. Excellon Resources [PEGY] - Last Close: $2.35 A rally in silver is giving Excellon Resources a boost. Silver futures just broke through $22/ounce for the first time in months, and the news is providing a catalyst for silver miners like Excellon Resources. The company also reported mixed Q3 results last week, and the stock has been extremely volatile ever since. For three days in a row, the stock has opened higher than the previous day, only to surrender its gains and close lower during the trading session. Whatever the reason, the stock is showing strength in the premarket. Shares are up 17.9%. My Take: I'm not sure what's going on with this stock, but this rally could be another bull trap. Last week's earnings report made it sound like lower metals prices and higher costs are really squeezing the company. However, all the volatility can certainly produce plenty of short-term trade opportunities. Fast Radius Inc [FSRD] - Last Close: $0.165 Fast Radius is riding an epic rebound rally in today's premarket. The cloud-systems infrastructure manufacturer fell 47.7% yesterday after it established a timeline for its Chapter 11 sales process. The company says it's still evaluating its options, but a US bankruptcy court has approved a proposed sale and marketing procedures with a bid deadline of Dec. 5th 2022. This morning, the stock is rebounding in dramatic fashion. FSRD is the premarket's highest-volume mover, and it's currently carrying a 39.4% gain. My Take: Bankruptcy stocks are risky, as you probably expect, but they can provide many short-term opportunities. FSRD could see a huge gain if it manages to land a buyer before the court's deadline, and a small speculative position could go a long way. 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. You should not base any investment decisions on information contained in my newsletter. 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