Futures Point to Higher Open for US 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 Tuesday, March 21st. I hope you have a great day in the market. Now, let's get ready to trade! Markets 📈 Stocks rallied in the week's first trading session despite the weekend collapse of Credit Suisse [CS]. The Dow jumped 1.2%, and the small-cap Russell 2K rallied 1.1%. The S&P 500 added 0.8%, and the Nasdaq trailed with a 0.3% gain. This morning, futures are up again in early-morning trading. S&P 500 contracts are currently up 0.6%. Sponsored [The Best 'Bargain Buy' Growth Stocks]( Many of America's most coveted growth stocks have experienced steep losses over the past year... And some are trading at the lowest price points we've seen in years. These stocks could still have very bright futures, but the market seems to be overlooking them in favor of more conservative options. As a result, now could be a great time to get in some of the most promising high-octane growth stocks for dirt cheap. [See Which Stocks Are on Our Radar Here]( Premarket Highlights 🔎 🧯 Big Banks Work on First Republic Rescue JPMorgan Chase [JPM] CEO Jamie Dimon is working with other CEOs from America's big banks to put together another rescue deal for First Republic Bank [FRC]. Last week, a consortium of big banks deposited $30 billion with First Republic to help the embattled bank shore up its finances, but the effort appears to have fallen short. The next rescue package could include more drastic solutions. What to Watch Today 👀 Markets React to More Bank Chaos Markets have performed surprisingly well on Monday, and futures are up again as we head into the week's second trading session. The tone seems unusually bullish considering the uncertainties created by the Credit Suisse collapse and America's regional banking crisis. However, I fear that this brief rally may be more of a mirage than the beginning of a major move higher. Prepare for the possibility of a sudden pullback if you're going to try to make any short-term moves. Major Earnings 💰 Tencent Music Entertainment Group Dr [TME] ... AM On Holding Ag [ONON] ... AM Canadian Solar Inc. [CSIQ] ... AM Profrac Holding Corp. [ACDC] ... AM Nike, Inc. [NKE] ... PM Gamestop Corporation [GME] ... PM Healthequity, Inc. [HQY] ... PM Array Technologies, Inc. [ARRY] ... PM Aar Corp. [AIR] ... PM Enerpac Tool Group Corp. [EPAC] ... PM Economy 🏗 - Existing home sales [Feb] ... 10:00a Running Hot 🔥 Gainers - Novo Integrated Sciences [NVOS] >> +37.7% - Blue Star Foods [BSFC] >> +22.8% - Coya Therapeutics [COYA] >> +22.2% Decliners - Qutoutiao [QTT] >> (54.1%) - Altimmune [ALT] >> (39.5%) - Bluejay Diagnostic [BJDX] >> (31.1%) First Republic Bank [FRC] - Last Close: $12.18 First Republic is rebounding on reports of a potential rescue. As we covered earlier in this report, a consortium of bank CEOs led by JPMorgan Chase's Jamie Dimon is putting together another rescue package. So far, First Republic has already suspended its dividend and received $30 billion in big bank deposits in efforts to shore up its balance sheet. Early reports say the big banks are focusing on arranging an investment that would boost First Republic's capital. FRC is this morning's most actively-traded S&P 500 stock, and it's leading the index with a 13.9% premarket gain My Take: I don't think the wild ride is over yet for FRC shareholders. If you can time the market right, there could be numerous opportunities for short-term gains in the coming days and weeks. Selecta Bioscience [SELB] - Last Close: $1.28 Upbeat clinical results are boosting shares of Selecta Bio. The biotech firm and its clinical partner, Swedish Orphan Biovitrum, announced today that a Phase 3 trial of SEL-212 met its primary endpoint. SEL-212 produced a 56% response rate in patients with chronic refractory gout receiving monthly doses of 0.15 mg/kg. The pharma firms also said both a global and a US study showed "statistically significant higher response rate" to SEL-212. The drug also produced a favorable safety profile and was well-tolerated among both doses in the trial. Regulatory submission is expected to occur in the first half of 2024, according to the companies' joint statement. SELB is on of today's most active stocks with a 23.4% gain on the news. My Take: There could be more catalysts ahead for this tiny biotech stock, so it could be worth watching. Cerebus Cyber Sentinel Corp [CISO] - Last Close: $0.23 Cerebus Cyber is skyrocketing after a preliminary financial report. After Monday's closing bell, the cybersecurity firm release preliminary estimated financial information for Q4 and full-year 2022. The unaudited estimates showed Q4 revenues jumped 150% compared to a year earlier, and full-year revenues jumped 207% from the previous year. Cerebus' operating loss is also expected to decrease by 71% in Q4, and its full-year loss improved by 17%. CEO David Jemmet said it was the company's "highest quarterly revenue ever," and it marked "seven consecutive quarters of record revenues" for the firm. CISO is up 187.3% on the heels of the bullish financial results, and it's this morning's most actively-traded stock. My Take: This stock's small float could be throwing fuel on this fire. CISO's results certainly showed impressive growth rates, but I think this rally might be a tad overdone. Watch for a potential pullback at some point this week. Mereo Biopharma Group [MREO] - Last Close: $0.74 Mereo Biopharma just announced a path forward for a key drug candidate. The biopharma firm said it has received regulatory feedback from the US FDA and European Medicines Agency in recent end-of-Phase 2 meetings. The meetings related to Mereo's alvelestat program for the treatment of alpha-1-antitrypsin deficiency-associated lung disease, or AATD-LD. Based on recommendations from regulators, the company is designing a Phase 3 study evaluating a 240mg dose of alvelestat versus placebo. The Phase 3 trial will have two independent primary endpoints, and the clinical data will support full marketing approvals in the U.S. and E.U. Mereo also noted that it is exploring potential partnerships fund the Phase 3 study. News of the drug's progress lifted MREO to a 20.7% gain in today's premarket, making My Take: There could be potential for additional catalysts and upside in MREO due to the lingering uncertainties surrounding alvelstat's development and funding. 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 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. 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](