Watch These 4 Penny 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 Thursday, February 23rd. I hope you have a great day. Let's get ready to trade! Markets 📈 US benchmarks posted mixed results on Wednesday after minutes from the Federal Reserve's last policy meeting showed central bankers remain hawkishly concerned about inflation. The S&P 500 fell 0.1%, and the Dow lost 0.2%. The Nasdaq eked out a 0.1% gain, while the small-cap Russel 2K added 0.3%. Today, stock futures are on the rise after four consecutive days of losses. S&P 500 contracts are up 0.5% in early morning trading. Sponsored [Watch These 4 Penny Stocks... 🔍]( Small caps and penny stocks tend to march to the beat of their own drummer. These low-priced stocks can make money in any market conditions... And early movers could see huge returns. [Get the Names & Ticker Symbols of All Four Penny Stocks Here.]( Premarket Highlights 🔎 🔥 Natural Gas Prices Plummet: Futures for natural gas are down more than 65% since mid-December, prompting many producers to dial back output. What to Watch Today 👀 Jobless Claims The market wasn't thrilled about yesterday's Fed Minutes release, but this week's bout of unemployment data could also sway the market. Investors know that a stronger economy equals higher likelihood of a prolonged period of high rates. Last week's data exceeded expectations and sent stocks lower. It'll be interesting to see how the market reacts to this week's numbers. Major Earnings 💰 Alibaba Group Holdings Ltd. Dr [BABA] ... AM American Tower Corporation (Reit) Reit [AMT] ... AM Moderna, Inc. [MRNA] ... AM Netease, Inc. Dr [NTES] ... AM Keurig Dr Pepper Inc. [KDP] ...AM American Electric Power Company, Inc. [AEP] ... AM Intuit Inc. [INTU] ... PM Booking Holdings Inc. Common Stock [BKNG] ... PM Mercadolibre, Inc. [MELI] ... PM Autodesk, Inc. [ADSK] ... PM Economy 🏗 - Initial jobless claims [Feb] ... 8:30a - GDP [Q4] (first revision) ... 8:30a Running Hot 🔥 Gainers - Enovix Corp [ENVX] >> +19.6% - Bit Mining [BTCM] >> +17.3% - Kaleyra [KLR] >> +16.4% Decliners - Lucira Health [LHDX] >> (37.2%) - Cyren [CYRN] >> (29.1%) - YETI Holdings [YETI] >> (9.6%) NVIDIA Corp [NVDA] - Last Close: $93.96 NVIDIA is trending after an earnings beat. The high-tech chipmaker reported stronger than expected results for its fiscal first quarter after Wednesday's closing bell, and shares are moving on the news. NVIDIA's EPS figure of $0.88 narrowly beat the consensus of $0.81 per share. Revenues of $6.05 billion also topped the Street's $6.0 billion target. The strong quarter prompted many analysts, including Citigroup, Barclays, Piper Sandler, and Deutsche Bank, to raise their price targets on the stock. NVDA is leading the S&P 500 with a 10.3% gain on active trading volume. My Take: NVDA is up more than 45% in 2023 alone. This stock is performing well despite economic uncertainty, and it looks like its becoming a Wall Street darling. Intuitive Machines [LUNR] - Last Close: $81.99 Intuitive Machines has been running red-hot since yesterday. The space products & services stock recently made its market debut via a SPAC merger last week, but it broke out on Wednesday. There was no obvious catalyst to explain the move, but a Terran Orbital's big rally may have drummed up some bullish sentiment for the space sector. Today, Polar Multi-Strategy Master Fund terminated a Forward Purchase Agreement with Intuitive Machines for 1.25 million shares. However, the news isn't slowing down LUNR. The stock is still gathering momentum in today's premarket. LUNR is up 25.6% in early-morning trading, making it one of today's top premarket stocks. My Take: This stock is carrying a lot of momentum right now, but I am concerned that the move doesn't seem to be tied to any practical catalyst. The current boom is riding on sentiment, so the gains could disappear quickly if the company hits a snag. TransMedics Group [TMDX] - Last Close: $64.54 A strong earnings report is boosting shares of TransMedics today. The commercial-stage MedTech stock released its fourth-quarter results after Wednesday's closing bell, and shares rallied in response. TransMedics reported a thinner-than-expected loss of $(0.21) per share that beat the $(0.30) EPS consensus by 30.0%. The company's revenues grew 224.5% from a year earlier to $31.38 million in Q4, which also topped the Street's $24.45 million target by a whopping 28.3%. Shares of TMDX exploded after the strong earnings report hit the market. The stock is one of today's top premarket stocks with a 16.8% gain. My Take: TMDX's revenue growth is certainly promising, but the company still has a long way to go before it becomes profitable. Vascular Biogenics [VBLT] - Last Close: $0.1298 Merger news is boosting shares of Vascular Biogenics. The biopharma firm announced it had entered into a definitive merger agreement with Notable Labs. Under the terms of the deal, Notable will merge with a Vascular subsidiary, and shareholders will receive a portion of the newly-formed company's shares. Notable Labs shareholders are expected to control 76% of the combined companby, and VBLT shareholders will control the remaining 24%. Both companies' boards have approved the deal, and closing is expected in the second quarter. VBLT is one of today's top performers with a 85.5% gain on the merger news. My Take: This large move seems a bit overdone. I am expecting a pullback here at some point. 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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