The Top-4 Bear Market Stocks 📈

[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, February 8th. I hope you have a great day. 📢 FYI, there will be no closing bell report this week. We apologize for any inconvenience. It will be back on Monday, February 13th. Now, let's get ready to trade! Markets 📈 Stocks rallied on Tuesday, with the Nasdaq notching a 1.9% gain and the S&P 500 adding 1.2%. The Dow and small-cap Russell 2K both advanced 0.7% on the trading session. This morning, stocks are trending down ahead of today's robust earnings schedule. Dow and S&P 500 contracts are down 0.2%. Sponsored [The Top-4 Bear Market Stocks]( 📈 Historically, precious metals, consumer staples, commodities, utilities, health care, and transportation stocks have performed well in a bear market. These four bear market-proof stocks could be the key to beating the down market in the weeks and months ahead. [Get a Full Report on these Promising Stocks Here]( Premarket Highlights 🔎 💻 Biden Highlights U.S. Semiconductor Push: Many of Pres. Biden's State of the Union comments focused on America's semiconductor industry, as the president underscored the need for more investment in the sector. What to Watch Today 👀 Big Earnings Day US Stocks are coming off back-to-back down days, but the bulls are gathering steam in the premarket. Investors are becoming more optimistic about the outlook for interest rates after recent comments from Fed officials, and many out-of-favor growth sectors like tech are beginning to break through their negative trend lines. However, I maintain that interest rate hikes aren't going anywhere until inflation falls below the Fed's 2.0% target, and we're currently hovering around 6.0%. The rebound could be a bull trap, but that doesn't mean you can't rake in some short-term profits before the other shoe drops. Major Earnings 💰 CVS Health Corporation [CVS] ... AM Uber Technologies, Inc. [UBER] ... AM Eaton Corporation, Plc [ETN] ... AM CME Group Inc. [CME] ... AM Brookfield Corporation [BN] ... AM Emerson Electric Company [EMR] ... AM Dominion Energy, Inc. [D] ... AM Yum! Brands, Inc. [YUM] ... AM Walt Disney Company (The) [DIS] ... PM O'Reilly Automotive, Inc. [ORLY] ... PM Economy 🏗 - Wholesale inventories (revision) [Dec] ... 10a Running Hot 🔥 Gainers - Aurora Mobile [JG] >> +25.0% - New Relic [NEWR] >> +18.2% - Know Labs [KNW] >> +17.0% Decliners - SINTX Technologies [SINT] >> (47.4%) - Capri Holdings [CPRI] >> (19.3%) - Lixte Bio [LIXT] >> (25.4%) Fortinet [FTNT] - Last Close: $53.78 Strong earnings are boosting shares of Fortinet. The company reported better-than-expected earnings on its Q4 earnings report early this morning. Fortinet's EPS came in at $0.44 per diluted share, marking a sharp improvement from last year's $0.25 EPS figure and beating the consensus of $0.44. However, revenues of $1.28 billion narrowly missed the Street's $1.30 billion target. The company's full-year revenue and earnings forecasts also surpassed analysts' expectations. FTNT is this morning's top S&P 500 stock with a 10.4% gain. My Take: FTNT could see more gains if it can break through resistance at $57. Manchester United [MANU] - Last Close: $21.12 Rumors of a potential buyout are boosting shares of Manchester United. The Daily Mail reported late Tuesday that Quatari investors are considering a buyout bid for the European soccer club. The report cited unnamed sources, and Manchester United hasn't responded to requests for comment. In November, the club's owners, the Glazer family, said they had begun looking at strategic options such as a new investment or sale. Last month, Bloomberg reported Qatar Sports Investments was considering a total takeover or a stake in Manchester United. MANU is up 16.1% on news of a potential transaction, making it one of this morning's top stocks. My Take: A buyout bid could give MANU a big boost, and there could still be some upside on the table if a transaction materializes. Evaxion [EVAX] - Last Close: $1.78 Evaxion is on the rise after a promising clinical data release. The clinical-stage biotech announced preclinical proof of concept for a collaborative treatment with Pantherna Therapeutics. According to the release, the preclinical data demonstrated tumor antigens identified by Evaxion's AI platform produced a strong immune response. The therapy also led to a complete inhibition of tumor growth in a preclinical model when delivered using Pantherna's proprietary mRNA platform. News of the preclinical progress sent EVAX to a 33.1% gain, and it's one of this morning's most actively-traded stocks. My Take: This clinical research could produce more catalysts as these applications are refined. This stock could be worth watching. PainReform [PFRX] - Last Close: $0.50 PainReform just scored a big break. The clinical-stage pharma firm announced after Tuesday's closing bell that the Nasdaq offered to extend its window to regain compliance with listing standards. PainReform now has until Aug. 7th, 2023, to regain compliance with Nasdaq's minimum $1 bid price per share requirement. The company was first notified of its failure to maintain compliance on Aug. 10th, 2022. PFRX is one of this morning's top performers with a 49.9% gain. My Take: PFRX could get another big boost if it can successfully regain compliance, and now it has a lot more time to get back in Nasdaq's good graces. 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... 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