Analysts Say This Stock Could Explode 💥

[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 31st. I hope you have a great weekend. Now, let's get ready to trade! Markets 📈 The Nasdaq led US benchmarks higher on Thursday with a 0.7% gain. The S&P 500 advanced 0.5%, and the Dow added 0.4%. However, the small-cap Russell 2K slid to a 0.1% loss on the session. Today, futures are ticking higher in early morning trading. Dow and S&P 500 contracts are up 0.1%. Sponsored [Analysts Say This Stock Could Explode 💥]( Analysts from three different research firms are raging about this up-and-coming biotech firm. Even better, one of the company's most promising drug candidate could be on pace for a regulatory approval, which has potential to skyrocket share prices.' Wall Street's price targets on the stock call for a potential upside of more than 300% from its current price point. Now could be the perfect time to build up a position in this promising biotech stock. [Get the Stock's Ticker Symbol & a Full Report Here]( Premarket Highlights 🔎 💸 Euro Inflation Sets New Record. Core inflation in the European Union hit 5.7% in March, setting a new record for the 20-member economic bloc and ticking higher from the previous month's 5.6% figure. The hotter-than-expected read reduces the chance that the European Central Bank will pause its rate hike schedule in the foreseeable future. What to Watch Today 👀 Key Inflation Data Today's Personal Consumption Expenditures (PCE) report will shed some much-needed light on the current state of U.S. inflation. The gauge is the Federal Reserve's preferred inflation measure, so investors will paying close attention to the data. Economists' forecasts estimate the core PCE index will increase by 4.7% year-over-year. If the actual figure exceeds that total, the market could have a very negative reaction in today's trading session. Major Earnings 💰 I-Mab Dr [IMAB] ... AM Fathom Digital Manufacturing Corporation [FATH] ... AM Creative Media & Community Trust Corporation Reit [CMCT] ... AM Advent Technologies Holdings, Inc. [ADN] ... AM Msp Recovery, Inc. [LIFW] ... PM Virtra, Inc. [VTSI] ... PM Miromatrix Medical Inc. [MIRO] ... PM Strata Skin Sciences, Inc. [SSKN] ... PM Williams Industrial Services Group Inc. [WLMS] ... PM Inhibikase Therapeutics, Inc. [IKT] ... PM Economy 🏗 - Personal Consumption Expenditures (PCE) [Feb] ... 8:30a - Chicago Business Barometer [Mar] ... 9:45a - UMich consumer sentiment (final) [Mar] ... 10:00a Running Hot 🔥 Gainers - Permianville Royal [PVL] >> +16.8% - Foxo Tech [FOXO] >> +17.5% - Cumberland [CPIX] >> +16.2% Decliners - Virgin Orbit Holding [VORB] >> (41.6%) - Chicken Soup [CSSE] >> (30.3%) - Curiosity Stream [CURI] >> (23.7%) Digital World Acquisition Corp [DWAC] - Last Close: $13.06 Digital World Acquisition Corp is up on news of the former president's indictment. A New York grand jury indicted the former president yesterday for falsifying business records, and the news is giving his SPAC a boost. DWAC has a deal in place to bring Trump-backed social media platform TRUTH Social public, so the stock is reacting to news of the indictment. No news has come out relating to TRUTH Social or DWAC, but the stock is nonetheless leading today's premarket gainers. DWAC is one of this morning's top movers with a 11.4% gain in early premarket trading. Additionally, DWAC warrants (DWACW) are up by a whopping 45.1% My Take: DWAC often behaves like a Trump sentiment gauge, and I think that's what we're seeing here. Alternatively, investors may believe the indictment could drive more users to sign up for TRUTH Social. Either way, the indictment has definitely put DWAC at center stage for the moment. Rumble [RUM] - Last Close: $9.34 Rumble is moving higher after an earnings beat. The alternative video sharing platform released it Q4 results late Thursday, and the numbers beat analysts' expectations. Rumble reported break-even EPS for the quarter, beating the consensus estimate of a $(0.02) per share loss. Revenues of $20 million were up substantially from $2.9 million in the year-earlier quarter, and they beat the Street's $10.2 million target by a wide margin. Rumble also said its global monthly active users reached 80 million in Q4, up 142% year-over-year. Shares of RUM are up 13.7% in the premarket, and RUMW warrants are up a whopping 30.2%. My Take: RUM is putting up fantastic growth figures, but the company is still small and battling for market share. News of President Trump's indictment could also be giving this stock a boost, as it is widely viewed as a "conservative friendly" alternative to Alphabet Inc's [GOOG] YouTube. Palisade Bio [PALI] - Last Close: $2.65 Palisade is running hot on the heels of a bullish analyst note. Yesterday morning, Maxim Group analyst Naz Rahman upgraded the clinical-stage biotech firm from "Hold" to "Buy" and announced a $50 price target. The analyst upgrade rallied shares of Palisade Bio on Thursday. The stock closed the session with a 57.7% gain. However, the rally didn't stop at the closing bell, and shares continued to push higher in Thursday's after-market. This morning, shares are up 35.8% in premarket trading, and it's one of the premarket's most active stocks. My Take: This rally is starting to look like it's overdone. After all, an analyst note has zero material impact on a company's business. I expect we'll she a pullback in shares of PALI at some point. Inpixon [INPX] - Last Close: $0.37 Inpixon is rallying after reporting its full-year financial results. The IT services firm released its fiscal 2022 earnings report after Thursday's closing bell, and investors were very pleased with the results. Inpixon's annual revenues came in at $19.4 million, marking a 21% increase from the previous year's total. The company also reported a non-GAAP loss of $(12.25) per share. Although steep, it was a significant improvement from last year's $(18.77) per share loss. CEO Nadir Ali also commented that a recent spin-off of the company's workplace experience products was a "significant accomplishment... for the benefit of our shareholders." INPX is one of this morning's top stocks with a 25.9% gain on active trading volume. My Take: INPX posted impressive revenue growth, but their loss seems steep. Companies that can't turn a profit have potential to perform poorly during times of uncertainty, so I recommend you think twice before betting the barn on this stock. 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](