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Buckle Up for Today's March Jobs Report 🎢

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elitetrade.club

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adam@elitetrade.club

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Fri, Apr 7, 2023 12:12 PM

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Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarke

[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 April 7th. I hope you have a great weekend. Now, let's get ready to trade! Markets 📈 Stocks notched modest gains on Thursday after weekly jobless claims data came in hotter than expected. The Nasdaq jumped 0.7%, while the S&P 500 added 0.3% and the Dow closed flat. The small-cap Russell 2K squeaked out a 0.1%. gain. This morning, futures are down in early trading. S&P 500 contracts are showing a 0.1% loss. Sponsored [5 Red-Hot Gold Stocks to Consider Right Now 🥇]( There's could still be plenty upside on the table for gold investors. The precious metal recently broke through a key resistance point at $2,000/ oz... And the rally is showing no signs of slowing down. Reports of widespread gold buying by central banks could help carry prices past $2,500/ oz. by year end. If you want a piece of the gold market, but don't know where to start, we've got you covered. These 5 gold stocks could have incredible upside potential if the gold rally continues. [Get the Tickers & More Details Here]( Premarket Highlights 🔎 ⚪ None What to Watch Today 👀 March Jobs Report Job market data has been the center of the market's attention this week, and, today, we'll get the final word on March's labor market when the Jobs Report drops at 8:30 a.m. Median forecasts estimate the U.S. economy added 238,000 in March, and the unemployment is expected to stay flat at 3.6%. Keep an eye out for this report because it could cause significant volatility in today's session. Major Earnings 💰 Freedom Holding Corp [FRHC] ... AM Tilray [TLRY] ... AM Cognyte [CGNT] ... AM Ironnet [IRNT] ... AM Economy 🏗 - U.S. employment report [Mar] ... 8:30a - U.S. unemployment rate [Mar] ... 8:30a - Average hourly wages [Mar] ... 8:30a - Average hourly wages (year over year) [Mar] ... 8:30a - Consumer credit [Feb] ... 3:00p Running Hot 🔥 Gainers - Liquid Media [YVR] >> +99.7% - Eightco Holdings [OCTO] >> +30.2% - Inspira Technologies [IINN] >> +17.3% Decliners - Jowell Global [JWEL] >> (29.5%) - Scilex Holding Co. [SCLX] >> (19.2%) - Vallon Pharma [VLON] >> (16.8%) AMC Entertainment [AMC] - Last Close: $4.90 AMC Entertainment is at the top of our premarket lineup again today. The movie theater meme stock continues to run hot in the wake of a recent court decision that halted the company's efforts to convert its preferred shares. However, an additional catalyst cam through late Thursday afternoon, when a Form 4 filing revealed insider selling at the company. According to the filing, Antara Capital dumped more than 11 million shares of AMC Preferred Shares [APE] on April 4th at an average price of $1.67 apiece. It seems like bearish news, but that's not enough to stop one of America's favorite meme stocks. Shares of AMC are up 9.8% on the news. My Take: Classic meme stock trading action here. Chasing gains in AMC is always a gamble, so be cautious if you decide to go after this one. Finance of America Companies [FOA] - Last Close: $1.93 Something is cooking at Finance of America Companies... The consumer lending stock is heating up after a Form 3 filing revealed president Kristen Sieffert has amassed a 258,521-share position in the company. Sieffert also controls more than 1 million additional shares via derivative securities and other instruments. Earlier in the week, FOA began rallying after a Form 4 filing revealed Blackstone had amassed a significant stake in the company. FOA is up 16.8% this morning, after gaining more than 30.4% in Thursday's session. My Take: When Blackstone is buying, it's worth a second look. I'm not sure what's going on at FOA, but it could be the prelude to a buyout deal or other major catalyst. CNS Pharmaceuticals [CNSP] - Last Close: $0.7501 CNS Pharma is moving higher after a key regulatory decision. The clinical-stage pharma firm said the Competent Authority from the central Ethics Committee in Italy approved its trial evaluating Berubicin for GBM. The committee approved CNS's application for a potentially pivotal global trial. The trial is now expected to have more than 60 clinical sites across 5 countries. "We are incredibly pleased to add Italy to our growing portfolio of European countries for this global study," CEO John Climaco said in a press release. CNSP is one of today's top premarket gainers with a 53.5% rally. My Take: Anything can happen at a drug trial, so CSP has a lot of uncertainty ahead of it. However, it could see big growth if it can get Berubicin through this pivotal trial successfully. Vistagen [VTGN] - Last Close: $0.1364 A new patent award is lifting shares of Vistagen this morning. Yesterday, the company announced the European Patent Office had approved its patent application for AV-101 an oral NMDAR glycine site antagonist. The patent relates to the synthesis of AV-101 and certain chemical intermediaries. Vistagen said the new E.U. patent compliments its previously-granted U.S. patent on the therapeutic compound, which lasts until 2039. VTGN is up 19.5% on news of the patent approval. My Take: This is a very low-float stock, and its chart isn't particularly attractive. This stock could see a lot of volatility today. 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](

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