Futures Pause Ahead of New Inflation Data 💸

[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. It's Thursday, April 13th. I hope you have a great trading day. Don't forget to sign up for our mobile alerts. Text ELITE to 47121 to sign up now and get our watchlists sent directly to your phone! You can also get closing bell alerts by texting CLOSE to 47121. Now, let's get ready to trade! Markets 📈 Stocks fell on Wednesday after a hotter-than-expected inflation read in March's CPI report. The Dow slipped 0.1%, and the S&P 500 lost 0.4%. The Nasdaq tumbled 0.8%, and the Russell 2K closed 0.7% lower. Today, futures are edging higher in early premarket trading. S&P 500 contracts are currently carrying a small, fractional gain. Sponsored [Banking Nightmare Could Torpedo These Stocks 🚨]( During and after the Great Financial Crisis of 2008, 485 U.S. banks went under.  Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning.  But this time, it's not just about a few hundred banks …  It's nearly every single bank in America! [Get All the Details Here]( Premarket Highlights 🔎 💸 CPI Data Shows Inflation Remains Stubbornly High Yesterday's March CPI report showed core CPI increased 5.6% last month, year over year. It was a slight increase from February's 5.6% figure. The data raises the chances that another Fed rate hike will come out of the next policymakers meeting. Investors are bracing for another potential hike and the increased likelihood of a recession that may come with it. What to Watch Today 👀 Producer Price Index After yesterday's CPI report sent stocks lower, we'll get more inflation data from the supply side of the U.S. economy in today's session. Economist estimates say that core PPI increased 0.3% in March, marking an acceleration from February's 0.2% figure. In February, core PPI grew at a 4.4% clip on an annual basis. If today's report doesn't show that inflation conditions are improving, we could see another bearish reaction from investors in today's trading session. Major Earnings 💰 Progressive Corporation (The) [PGR] ... AM Fastenal Company [FAST] ... AM Delta Air Lines, Inc. [DAL] ... AM Hooker Furnishings Corporation [HOFT] ... AM Northern Technologies International Corporation [NTIC] ... AM Lakeland Industries, Inc. [LAKE] ... PM Economy 🏗 - Producer price index [Mar] ... 8:30a - Weekly jobless claims ... 8:30a Running Hot 🔥 Gainers - CXApp [CXAI] >> +57.5% - Jiuzi Holdings [JZXN] >> +33.4% - Mobiquity Tech [MOBQ] >> +19.5% Decliners - GlucoTrach [GCTK] >> (35.9%) - Scilex [SCLX] >> (20.2%) - Sportsmans Warehouse [SPWH] >> (14.3%) Delta Airlines [DAL] - Last Close: $33.74 Delta Airlines is getting a boost from an early morning earnings report. The airline released its Q1 results ear this morning, and the release is getting a warm reception from investors. Delta swung to a profit of $0.25 per diluted share after posting a $(1.23) per share loss a year earlier. However, earnings fell short of the Street's $0.29 EPS target. Revenues jumped 36.4% YoY to $12.76 billion in Q1, topping the consensus estimate of $12..25 billion. The report also included upbeat full-year and Q2 guidance, and Delta offered a bullish outlook on international travel demand. DAL is up 2.8% after the strong earnings report, and other airline stocks are also trending higher in response to the airline's bullish travel outlook. My Take: DAL's upbeat earnings report is also rallying shares of United Airlines [UAL], who reports earnings this upcoming Tuesday. There could be a potential earnings trade opportunity there. Pear Therapeutics [PEAR] - Last Close: $0.116 Pear Therapeutics is experiencing a rebound rally. The commercial-stage healthcare company is up after setting a new 52-week low in Wednesday's trading session. After Wednesday's close, a Form 4 filing revealed a major shareholder, 5AM Ventures IV, dumped more than 16 million shares of PEAR on Apr. 10th. The selling may have contributed to the PEAR's recent struggles, but the stock is reacting favorably to the filing. Just a few days ago, PEAR announced that it expects to be delisted from the Nasdaq at the opening of business on April 19th. Shares are up 16.9% in the premarket, and it's one of this premarket's most active stocks. My Take: PEAR is clearly in trouble, and I can't explain this move higher. This stock is a landmine, so, if you want to try to make a move on this one, get in and out quickly so you don't get caught holding the bag. National CineMedia [NCMI] - Last Close: $0.4423 National CineMedia appears to be in trouble, but shares are somehow rallying. Yesterday, the cinema advertising firm disclosed a voluntary filing for Chapter 11 bankruptcy in the Southern District of Texas U.S. bankruptcy court. CineMedia also announced a series of debt restructuring moves that could strengthen its balance sheet and improve its liquidity position. Markets seem to be reacting favorably to the news, despite the bankruptcy filing. NCMI is one of the premarket's most active stocks, and it's up 15.3%. My Take: Investors are betting that NCMI can pull itself out of its bankruptcy hole. The debt restructuring could help it survive, but dabbling in bankrupt stocks is always a risky endeavor. Auddia [AUUD] - Last Close: $0.5301 Auddia is riding an epic rebound rally in today's premarket. The audio software firm is rebounding in dramatic fashion after setting a new 52-week low on Tuesday. Shares of AUUD are down more than 50% since the beginning of March, but the downtrend could be bottoming out. Auddia began to heat up in after Wednesday's closing bell, and it continued to build momentum in today's premarket. As of now, AUUD is one of this morning's most active stocks, and it's leading the premarket with a 107.5% gain. My Take: There's no recent news to explain this move, but this is an extremely small float stock whose price can be manipulated rather easily. It's possible that today's rally is the result of a Reddit-style coordinated buying raid. 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. [Bots click here]( 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](