This Tech Stock Could Explode in 2023 🔥

[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. Happy Monday! It's February 27th. I hope you had a great weekend! Let's get ready to trade! Markets 📈 Stocks posted their worst weekly performance of the year last week, and US benchmarks took steep losses on Friday. The Dow and S&P 500 fell 1.0%, while the Nasdaq lost 1.6%. The small-cap Russell 2k outperformed with a 0.9% decline. This morning, futures are rebounding from Friday's sell off and they're up in early premarket trading. Dow and S&P 500 contracts are carrying gains of 0.4%. Sponsored [This Tech Stock Could Explode in 2023 🔥]( An up-and-coming company is beginning to get a lot of attention from the Smart Money. This firm's innovative business model could help it become a first-to-market player in a thriving new industry. Better yet, it's targeting a resilient revenue stream that has potential to withstand - and even thrive - in a high-interest, recessionary environment. Other stocks in the category have seen huge revenue growth in the past 12 months, but this company is still trading at an excellent price. [Get all the Details on This Promising Stock Here (Ticker Included)]( Premarket Highlights 🔎 ⚪ None What to Watch Today 👀 Rebound from Last Week's Losses Stocks put on a poor performance last week, and today's session should provide more insights into investor sentiment. US benchmarks are up at the moment, but, if the rally dissipates, it could be a sign that investors are turning bearish. Today's earnings & economy schedule is pretty quiet, so it's anyone's guess where we'll go from here. Major Earnings 💰 Viatris Inc. [VTRS] ... AM Occidental Petroleum Corporation [OXY] ... PM Workday, Inc. [WDAY] ... PM Oneok, Inc. [OKE] ... PM Zoom Video Communications, Inc. [ZM] ... PM Heico Corporation [HEI] ... PM Biomarin Pharmaceutical Inc. [BMRN] ... PM Ovintiv Inc. (De) [OVV] ... PM Darling Ingredients Inc. [DAR] ... PM Universal Health Services, Inc. [UHS] ... PM Economy 🏗 - Durable goods orders [Jan] ... 8:30a - Core orders [Jan] ... 8:30a - Pending home sales [Jan] ... 10a Running Hot 🔥 Gainers - Moolec Science [MLEC] >> +49.5% - ObsEva [OBSV] >> +51.5% - ContraFect Corp [CFRX] >> +33.2% Decliners - Tegna [TGNA] >> (22.2%) - Biomx [PHGE] >> (19.4%) - Cyren [CYRN] >> (16.1%) Union Pacific [UNP] - Last Close: $194.02 Union Pacific is up on news of a major personnel move. The railroad giant says it expects to name a new chief executive sometime this year after its current CEO, Lance Fritz, was criticized by activist investors. Fritz has been CEO since Feb. 2015, but Soroban Capital Partners hedge fund recently argued that the company underperformed during his tenure. Union Pacific said it has engaged an outside consultant and formed a task force to search for the CEO's replacement. This morning, Bank of America Securities upgraded UNP from "neutral" to "buy" and raised its price target from $218 to $241, presumably in response to the CEO story. UNP is leading the S&P 500 with a 10.1% premarket gain. My Take: Investors seem to be bullish on the possibility of new leadership at UNP. The stock is responding well to reports of his departure, and now could be an excellent time to make an entry for interested investors. Seagen [SGEN] - Last Close: $161.37 Seagen is creeping higher on reports of a potential acquisition. According to a Wall Street Journal exclusive, Pfizer [PFE] is in early-stage talks to acquire the cancer-focused biotechnology company. The story cited "people familiar with the matter" and said there's no guarantee that the early-stage talks will result in a deal. Market-watchers say the deal would help Pfizer bolster its cancer drug portfolio. No word on a potential price, but Seagen was considering a deal with Merck & Co [MRK] that valued the company at upwards of $40 billion. SGEN is up 14.0% on the acquisition rumors. My Take: This could be a "buy the rumor" opportunity. SGEN is a solid company, so the downside risk could be limited even if a deal doesn't materialize. If there is a deal, there still could be upside from the current price point. Broadmark Capital [BRMK] - Last Close: $4.19 Reports of an acquisition deal are boosting shares of Broadmark Capital. The commercial real estate finance firm has agreed to be acquired by Ready Capital Corp. [RC] in an all-stock deal. Under the terms of the deal, Ready Capital will absorb Broadmark, and each share of BRMK will be converted into 0.47233 shares of RC. Upon closing, Ready Capital is expected to have a pro forma equity base of $2.8 billion. News of the definitive merger agreement sent BRMK to a 20.1% gain in today's premarket. My Take: This is a nice pop for shareholders, but I don't see a reason to tangle with this trade. After all, if you really want to own RC, you can just buy it. Lucira Health [LHDC] - Last Close: $0.74 News of an FDA approval is skyrocketing shares of Lucira Health. The MedTech company said the US Food & Drug Administration has approved its over-the-counter dual-purpose test for influenza and COVID-19. Lucira's test can detact Influenza A and B, plus SARS-CoV-2, the virus which causes COVID-19, FDA officials said in a Friday news release. It's the first FDA-approved at-home test for flu and a major breakthrough for Lucira Health. Lucira says it will announce a price point at a later date. Shares of LHDC are up 221.4% since the news broke, and it's this morning's most active stock. My Take: Talk about a comeback! LHDC has had a rough run over the past few months, but this breakthrough could help it stage a major rebound. 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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