Stocks Waver Ahead of Feb. Jobs Report 🎢

[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 Friday! It's March 10th. I hope you have a great weekend! If you're enjoying our Closing Bell Roundup report, don't forget to sign up for closing bell mobile alerts! Text CLOSE to 47121 to get started. Now, let's get ready to trade! Markets 📈 Stocks sold off on Thursday after jobless claims data showed a significant spike in initial jobless claims compared to the previous week. The Dow lost 1.6%, and the S&P 500 fell 1.8%. The Nasdaq underperformed with a 2.0% loss, and the small-cap Russell 2K tumbled 2.8%. Today, futures are down ahead of another key read on the labor market. The February Jobs Report drops at 8:30 a.m. ET, and S&P 500 futures are down 0.1% in early-morning trading. Sponsored [Your Second Chance at 10X Gains 🔥]( If you missed out on stocks like Tesla, Zoom, and Shopify during the Tech Boom, you're in luck.... 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Economists forecasts say the U.S. economy should've added about 225,000 in February, marking a steep slowdown from January's 517,000 new jobs created. If the data falls short of those estimates, we could see a second consecutive day of steep declines. Major Earnings 💰 Rlx Technology Inc. Dr [RLX] ...AM Jinkosolar Holding Company Limited Dr [JKS] ... AM Buckle, Inc. (The) [BKE] ... AM Target Hospitality Corp. [TH] ... AM Genius Sports Limited [GENI] ... AM The Lion Electric Company [LEV] ... AM Airsculpt Technologies, Inc. [AIRS] ... AM Century Casinos, Inc. [CNTY] ... AM Csi Compressco Lp [CCLP] ... AM Longeveron Inc. [LGVN] ... AM Economy 🏗 - Jobs Report [Feb] ... 8:30a - Federal Budget [Feb] ... 2p Running Hot 🔥 Gainers - Chicken Soup for the Soul [CSSEL] >> +101.5% - Applied Opt [AAOI] >> +16.7% - Heritage Global [HGBL] >> +14.4% Decliners - SVB [SIVB] >> (65.4%) - First Republic Bank [FRC] >> (18.5%) - DocuSign [DOCU] >> (14.7%) Unicycive Therapeutics [UNCY] - Last Close: $2.06 This tiny biotech stock is on an absolute tear this week. Unicycive Therapeutics is advancing again in today's premarket, after posting sharp gains for the previous three days. The rally initially started when Unicycive announced a private placement intended to raise funds for the development of recently-acquired Renazorb. The stock got another boost on Thursday, when analysts at Maxim and EF Hutton rated the stock as a "buy" with $6 and $5 price targets, respectively. Last last night, a series of Form 4 filings revealed several company insider had acquired additional shares via a preferred stock conversion. It seems like nothing can stop UNCY. Shares are up 288.6% this week, and the stock is up 16.0% in today's premarket. My Take: The rally has been surprisingly resilient. It looks like the market sees some kind of promise in this stock, as it's been steadily building momentum for most of the week. Barnes & Noble Education [BNED] - Last Close: $1.72 Barnes & Noble Education is up after a strong earnings report. The college bookstore operator released its fiscal Q3 2023 earnings report on Thursday evening, and the results surprised analysts. Barnes & Noble Education reported a loss of $(0.48) per share, missing the Street's estimate of a $(0.07) per share loss by a wide margin. However, the company's top-line sales figure came in at $447.1 million and easily beat analysts' $397.1 million estimate. The company also announced its entrance into a sixth amendment to its credit agreement & a first amendment to its term loan credit agreement. BNED is up 19.1% in today's premarket. My Take: BNED's big earnings miss is a little disconcerting, especially considering their revenues were much stronger than expected. Share prices recently fell below a positive trend line that had been intact since December. Maybe this rally can help it straighten the ship. Molecular Templates [MTEM] - Last Close: $0.47 A key drug approval is boosting shares of Molecular Temple. Late Thursday, the clinical-stage biopharma firm announced the FDA had approved its new drug application for MT-8421 in certain tumor patients. The approval clears the way for clinical testing of MT-8421 ETB program targeting CTLA-4 in patients with relapsed or refractory solid tumors. In its press release, Molecular Templates also said it plans to launch a first-in-human Phase 1 study of the drug by mid-2023. MTEM is one of this morning's top stocks with a 31.9% gain on active premarket trading volume. My Take: MTEM could be worth watching in the coming weeks. It's been trading sideways since the beginning of February, and MT-8421's continued clinical development could provide several opportunities for additional catalysts. Bird Global [BRDS] - Last Close: $0.18 Bird Global is pushing higher on an earnings beat. The tiny micro-mobility company reported its Q4 & full-year 2022 results early this morning, and the market likes what it sees. Bird Global reported quarterly sales of $69.70 million and beat the consensus estimate of $53.38 million by 30.5%. The company's full-year revenues grew 28% compared to last year, but it reported a substantial operating loss of $(1.21) per share. BRDS is up 28.6% on active trading volume in the wake of the strong earnings report. My Take: This was a nice pop for this tiny stock, but I am not exactly sold on this company's long-term outlook. It's nowhere near profitable, and the micro-mobility business is struggling as a whole. That's it for today! Thanks for reading, and good luck out there! Best Regards, Chris D. -- Elite Trade Club P.S... Want alerts delivered straight to your cell every morning for free?* Text ELITE to 47121 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. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails. 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](