[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 21st. I hope you have a great weekend. Now, let's get ready to trade! Markets ð The Nasdaq lost 0.8% on Thursday, while the S&P 500 fell 0.6%. The Dow fared better with a 0.3% loss, and the small-cap Russell 2K closed 0.5% lower. Today, futures are down in early premarket trading. S&P 500 contracts are showing a 0.2% loss. Sponsored [Are You Ready? - Q2 2023...]( Analysts may use reported earnings to assess the value of a company's stock as well as how successful the executives are at running the company... And these 5 stocks appear to be in an excellent position to see a surge in share price following their 2023 Q2 earnings announcements. [Click Here to for ALL 5 Stocks.]( Premarket Highlights ð ⪠None What to Watch Today ð Tesla Earnings Shake Up the Market On Wednesday evening, Tesla Motors [TSLA] released new earnings figures that showed the company experienced a steep decline in profits in Q1. The news is dragging down the U.S. stocks in today's premarket. Many EV stocks are down on the news, and NASDAQ 100 futures fell 1.0% on the news. Tesla's weak report could continue to impact the market at the open. Major Earnings ð° Procter & Gamble Company [PG] ... AM
Hca Healthcare, Inc. [HCA] ... AM
Schlumberger N.V. [SLB] ... AM
Freeport-Mcmoran, Inc. [FCX] ... AM
Regions Financial Corporation [RF] ... AM
Autoliv, Inc. [ALV] ... AM
Smart Share Global Limited Dr [EM] ... AM
Acme [ACU] ... AM
Aesthetic Medical International Holdings Group Ltd. Dr [AIH] ... AM Economy ð S&P flash U.S. services PMI [Apr] ... 9:45a
S&P flash U.S. manufacturing PMI [Apr] ... 9.45a Running Hot ð¥ Gainers
- Millennium International [MGIH] >> +43.0%
- VCI Global [VCIG] >> +42.1%
- Mangoceuticals [MGRX] >> +77.6% Decliners
- U Power Ltd [UCAR] >> (39.0%)
- Satixfly Communications [SATX] >> (17.1%)
- Sidus Space [SIDU] >> (25.9%) HCA Healthcare [HCA] - Last Close: $270.78 Strong quarterly earnings are boosting shares of HCA Healthcare. The healthcare provider's Q1 earnings report surpassed the Street's expectations for both earnings and revenues. HCA reported EPS of $4.93 per share, which topped the consensus forecast of $3.93 by 25.4%. Revenues came in at $15.59 billion, narrowly beating the $15.27 billion consensus estimate by 2.1%. HCA is leading the S&P 500 with a 5.9% gain on the news. My Take: HCA's chart looks great, and its P/E ratio is a reasonable 14.07. This could be a good healthcare play. Wang & Lee Group [WLGS] - Last Close: $3.10 Wang & Lee is rebounding after a sell off. The company made its stock market debut on Thursday, but shares plummeted 38.0% in its first trading session. However, shares began to rebound after the closing bell, and WLGS has battled back to recapture all of its losses and then some. There's no obvious catalyst to explain the sudden reversal, but shares are soaring in the premarket. WLGS is up 74.8% and it's one of the premarket's most active stocks. My Take: I'm not sure what to make of this sudden move higher, but it certainly could be a pump & dump. Don't get caught holding the bag. Aziyo Biologics [AZYO] - Last Close: $1.66 Aziyo Biologics just landed an important distribution deal. Late Thursday, the company announced it had signed a new distribution agreement with LeMaitre Vascular [LMAT] for its cardiovascular portfolio. Under the terms of the three-year deal, LMaitre will have exclusive US distribution rights for Aziyo's ProxiCor PC, ProxiCor CTR, Tyke and VasCure. Financial details of the agreement haven't been disclosed as of yet. AZYO is one of this morning's top performers with a 22.8% gain. My Take: No financial details disclosed, so gauging the material impact of this deal is difficult. However, it's almost certainly a positive for AZYO. Context Logic [WISH] - Last Close: $7.18 A recent announcement is rallying shares of Context Logic. After Thursday's close, the eCommerce firm said its Board of Directors had approved a $50 million share repurchase program. The program will be effective through Dec. 31st, 2023, according to the company's statement. News of the buyback sparked a run-up in shares of WISH. The stock is currently riding a 17.2% gain in the premarket. My Take: WISH shares are in the gutter, but share buybacks have a way of supporting weakening share prices. This could be the beginning of a swing higher. 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.
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