Buckle Up for Today's Interest Rate Decision 🎢

[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, March 22nd. I hope you have a great day in the market. Now, let's get ready to trade! Markets 📈 US indexes notched more gains on Tuesday as markets continued to perform well despite lingering concerns about the health of the regional banking sector. The S&P 500 added 1.3%, while the Nasdaq jumped 1.5%. The Dow underperformed with a 0.9% gain, and the small-cap Russell 2K rallied 1.8%. This morning, futures are wobbling in early premarket trading. S&P 500 contracts are currently flat. Sponsored [How to Find 10X Growth Stocks in Today's Market 🔍]( It's a treacherous time to trade stocks. It seems like everything is down, and nothing is working. But, what if I told you there are massive opportunities all over the market? You just have to know how to find the right ones. Some of the most coveted growth stocks on the market are trading for dirt-cheap. And I can show you how to find which ones have 10X growth potential. [Click Here to See How]( Premarket Highlights 🔎 🏧 Treasury Sect. Pledges to Protect Deposits At an appearance yesterday, U.S. Treasury Secretary Janet Yellen said regulators could take further action to protect deposits at US banks if necessary. Her words reassured jittery investors that the Treasury Dept. would intercede if more banks faced insolvency. What to Watch Today 👀 Fed Decision The Federal Reserve will announce its latest interest rate decision in today's session, and regulators are a tough juncture. High rates helped create the banking crisis that has swept through the market over the past few weeks, but inflation is still hovering around 6.0%. If the Fed cuts rates, it could compound the inflation problem, but raising rates could create more problems for banks. Some experts have speculated the Fed may leave rates steady to give the market more time to stabilize, but most economists expect the central bank to announce a half-point rate hike. Either way, this decision will have a major impact on today's trading session. Major Earnings 💰 Ollie'S Bargain Outlet Holdings, Inc. [OLLI] ... AM Petco Health And Wellness Company, Inc. [WOOF] ... AM Winnebago Industries, Inc.[WGO] ... AM Corporacion America Airports Sa [CAAP] ... AM Shoe Carnival, Inc. [SCVL] ... AM Chewy, Inc. [CHWY] ... PM Worthington Industries, Inc. [WOR] ... PM Kb Home [KBH] ... PM Millerknoll, Inc. [MLKN] ... PM Steelcase Inc. [SCS] ... PM Economy 🏗 - Fed interest-rate decision ... 2:00p - Fed Chair Powell press conference ... 2:30p Running Hot 🔥 Gainers - iSpecimen [ISPC] >> +37.8% - Vyant Bio [VYNT] >> +20.1% - Alzamend Neuro [ALZN] >> +21.4% Decliners - Bone Biologics [BBLG] >> (16.6%) - Akero Therapeutics [AKRO] >> (14.1%) - Luminar Tech [LAZR] >> (8.4%) GameStop [GME] - Last Close: $17.65 America's favorite meme stock is back! GameStop is skyrocketing after releasing its fiscal Q4 earnings report Wednesday evening. The game retailer swung to an unexpected profit of $0.16 per share, crushing analysts' estimate of a $(0.13) per share loss. Revenues of $2.23 billion also beat the consensus of $2.18 billion. GME is one of this morning's top premarket stocks with a 50.9% gain on active trading volume. My Take: GME had a 22.1% short ratio as of Feb. 28th, and it appears the short squeeze is in full effect. Shares are on course to smash through a key resistance point at $25 per share, if the stock can maintain its momentum. Virgin Orbit [VORB] - Last Close: $0.4432 Virgin Orbit is taking off in today's premarket after a key announcement. The aerospace company announced this morning that it is preparing to resume operations by the end of the week. According to a press release, the company said it will recall a small group of employees beginning on March 23rd in preparation for its next mission. VORB is rallying on the news. Shares are up 60.7%, and it's this morning's most actively-traded stock My Take: VORB's chart looks awful, but this stock was trading for $3 per share not too long ago. There could be some upside left in this long-shot trade. Diebold Nixdorf [DBD] - Last Close: $0.7916 Diebold Nixdorf just announced the closing of a key deal. On Tuesday evening, the connected commerce company said its asset-based credit facility was updated to add a $55 million first-in-last-out loan tranche. Diebold also said its lenders for the loan facility have agreed to make some other changes to the arranges and add waivers. The company also noted that its original $250 million non-FILO tranche commitment remains unchanged. Shares of DBD are up 30.1% on active trading volume in today's premarket. My Take: Just a few weeks ago, DBD said it was on the verge of bankruptcy. This deal gives it a second wind, but the company still has major obstacles to overcome. 89Bio [ETNB] - Last Close: $10.93 A key drug breakthrough is lifting shares of 89Bio higher this morning. The clinical-stage biotech announced its liver disease non-alcoholic steatohepatitis (NASH) drug has met the main goals of a mid-stage trial. A Phase 2B ENLIVEN trial of pegozafermin in NASH patients achieved high statistical significance on both primary histology endpoints. 89Bio says the trial's positive results support the drug's advancement into Phase 3 drug studies. ETNB is one of this morning's top stocks with a 51.8% gain thanks to the promising drug data release. My Take: ETNB has a 9.9% short percentage, but the stock doesn't look bad. It's coming off a recent slide, but today's rally could put it past a key resistance point at $15 per share. 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. 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