#1 Green Hydrogen Profit-Stock Below 20-cents 🚨

Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Happy Friday! Today is May 12th. I hope you have a great weekend. Now, let's get ready to trade! Markets 📈 Weak Disney [DIS] earnings and reignited concerns about the regional banking sector sent U.S. stocks to a mixed close on Thursday. The Nasdaq eked out a 0.1% gain, while the S&P 500 fell 0.1% and the Dow lost 0.6%. The small-cap Russell 2K underperformed with a 0.8% decline. Futures are heading higher in early premarket trading. Dow and S&P 500 contracts are currently showing 0.4% gains. Sponsored [#1 Green Hydrogen Profit-Stock Below 20-cents]( Experts believe the clean-burning fuel industry could supply up to 25% of the world's energy needs by 2050. This tiny firm, trading below US$0.20 per share, could be one of the sector's most promising players, and its latest project could send shares soaring. [Get all the details here]( Premarket Highlights 🔎 🚨 PacWest Sees Big Outflows Shares of PacWest Bancorp [PACW] lost 22.7% on Wednesday after the bank revealed its deposits fell by 9.5% during the week ending May 5th. The declines began after news reports emerged claiming the regional bank was exploring a range of strategic options, including a potential sale. A PacWest representatives said, the headlines "increased our customers’ fears of the safety of their deposits" and cause many depositors to withdraw funds. The stock's sell-off is reigniting fears about the regional bank sector's health. What to Watch Today? 👀 Bank Stocks Investors are still processing yesterday's PACW sell off, and the worsening sentiment could drag down other regional banking stocks in today's session. If concerns about systemic instability in the regional banking sector take root, it could spark broad declines in the market. Major Earnings 💰 Spectrum Brands Holdings, Inc. [SPB] ... AM Embecta Corp. [EMBC] ... AM Soho House & Co Inc. [SHCO] ... AM Dingdong (Cayman) Limited Dr [DDL] ... AM Airsculpt Technologies, Inc. [AIRS] ... AM Adaptimmune Therapeutics Plc Dr [ADAP] ... AM China Automotive Systems, Inc. [CAAS] ... AM American Strategic Investment Co. Reit [NYC] ... AM Forian Inc. [FORA] ... PM Lifemd, Inc. [LFMD] ... PM Economy 🏗 Import price index [Apr] ... 8:30a Import price index minus fuel [Apr] ... 8:30a Consumer sentiment (preliminary) [May] ... 10:00a Running Hot 🔥 Gainers - Dermata Therapeutics [DRMA] >> +47.1% - Wearable Devices [WLDS] >> +31.2% - Auddia [AUUD] >> +22.8% - Babylon [BBLN] >> +15.9% Decliners - Science 37 [SNCE] >> (-20.4%) - Assure [IONM] >> (-14.5%) - Lifetime Brands [LCUT] >> (-10.7%) - Traeger [COOK] >> (-12.9%) News Corp [NWSA] - Last Close: $16.74 News Corp is trending after a late-Thursday earnings release. The Wall Street Journal parent company posted a double-line beat on its fiscal Q3 earnings report. News Corp reported adjusted EPS of $0.09, which was down from the year-earlier quarter's $0.16 EPS figure, but topped the consensus of $0.04. Revenues fell 2% YoY to $2.45 billion for the quarter, which also beat the analyst estimate of $2.38 billion. NWSA is leading the S&P 500 with a 4.0% gain on the news. My Take: NWSA shares have struggled lately, but today's report shows they're not down and out just yet. Its current price could be a promising entry point for a potential swing trade. Blue Bird [BLBD] - Last Close: $19.32 Another late-Thursday earnings beat is lifting shares of Blue Bird. The school bus manufacturer reported fiscal Q2 results that beat the market's expectations for both earnings and revenues by substantial margins. Bluebird generated fiscal Q2 EPS of $0.27 per share after posting a $(0.31) per share loss a year ago. Analysts expected EPS of $0.08. Revenues grew 44.3% YoY to $299.8 million for the quarter, which beat the consensus of $249.5 million by more than 20%. The company's full-year 2023 revenue guidance of just over $1.1 billion also surpassed analysts' $1.02 billion expectation. BLBD is one of this morning's top premarket stocks with a 31.9% gain. My Take: BLBD is doing great while many other businesses are struggling. The firm's past-year performance demonstrates that its business model could be particularly resistant to worsening economic conditions. ARS Pharmaceuticals [SPRY] - Last Close: $4.52 A regulatory approval is giving ARS Pharma a premarket boost. Late Thursday, the biopharma firm said the FDA's Pulmonary-Allergy Drug Advisory board voted in favor of its treatment for severe allergic reactions. The panel voted that the available data supported a favorable risk-benefit assessment for ARS' allergy drug, neffy. The vote supported neffy's approval as a treatment for severe allergic reaction, including anaphylaxis. for both adults and children. Although the panel's vote is non-binding, it's much more likely that the FDA will approve ARS Pharma's new drug application for Neffy, which is sitll under review. The FDA expects to make a decision by 2023. If approved, Neffy would become the first non-injectable treatment for patients with severe allergic reactions. SPRY is up 64.8% on elevated trading volume in today's premarket. My Take: SPRY's allergy drug appears to be on course for a full approval later in the year. The stock has experienced steep declines lately, but this could be the beginning of a rebound rally. This could be a promising biotech to watch. Getaround [GETR] - Last Close: $0.3311 Shares of Getaround are surging after an acquisition announcement. Late Thursday, the car sharing marketplace app announced it had acquired all assets of HyreCar [HYRE] in a $9.45 million deal. The acquisition is expected to add up $75 million to Getaround's gross booking value and contribute positively to EBITDA. Getaround said the deal will accelerate its path to profitability. GETR is one of today's top premarket stocks with a 98.1% gain on elevated trading volume. My Take: The market appears to really like this move,but GETR still has plenty of issues. I'm not sold just yet, but this deal seems to be a step in the right direction for the struggling car-share 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. [Bots click here]( 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](