This AI Stock Could Skyrocket 🚀

Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Welcome back! It's Tuesday, June 20th. I hope you had a great holiday weekend. Let's get ready to trade! Markets 📈 Markets closed last week with a whimper. The Dow and S&P 500 closed 0.3% lower, while the Nasdaq lost 0.6%. Futures are down heading into the week's first trading session. Dow and S&P 500 contracts are both down by upwards of 0.3%. Sponsored [This AI Stock Could Skyrocket 🚀]( An up-and-coming AI stock just made a huge announcement, and the Smart Money is taking notice. The company's recently launched AI-powered application is acquiring users at a break-neck pace, and it could see huge growth as a result. AI stocks have benefited from massive investor demand this year, and this under-the-radar opportunity could become the year's next big gainer. Shares are still trading for cheap, but a big move could be around the corner. [Read the Latest Press Release & Get the Ticker Here]( Premarket Highlights 🔎 🇨🇳 China Cuts Rates to Boost Recovery Chinese banks slashed their benchmark interest rate on household & business loans in a move aimed at boosting the Asian superpower's struggling economy. China finally ended its Draconian Covid-19 restrictions a few months ago, but the economy's rebound has been sluggish at best. Policymakers are also exploring other measures to prop up the economy. What to Watch Today 👀 Fed-Ex Earnings Fed-Ex reports earnings after today's close, and the report could provide some valuable insights into the state of the global economy. The massive shipping company plays an outsized role in facilitating global economic activity, so their earnings often reflect the current state of global affairs. Furthermore, the report could have a big impact on tomorrow's session. Major Earnings 💰 Smart Share Global Limited Dr [EM] ... AM Fedex Corporation [FDX] ... PM La-Z-Boy Incorporated [LZB] ... PM Dynagas Lng Partners Lp [DLNG] ... PM Economy 🏗 - Housing starts [May] ... 8:30a - New York Fed President John Williams speaks 11:45a Running Hot 🔥 Gainers - Ebet [EBET] >> +73.4% - Cano Health [CANO] >> +19.3% - Biofrontera [BFRI] >> +29.5% - Tivic Health [TIVC] >> +20.7% Decliners - Surgalign Holdings [SRGA] >> (51.1%) - Faraday Future [FFIE] >> (35.6%) - Dragonfly Energy [DFLI] >> (23.3%) - Arcellx [ACLX] >> (12.7%) Dice Therapeutics [DICE] - Last Close: $33.85 News of a big buyout is boosting shares of Dice Therapeutics. This morning, the biotech firm said it agreed to be acquired by Eli Lilly & Co [LLY] in an all-cash deal worth roughly $2.4 billion. Dice Therapeutics will likely commence a tender offer to acquire all outstanding shares of DICE for $48 apiece. The tender offer pays a 41.8% premium compared to the stock's Friday closing price. DICE is one of this morning's hottest stocks, with a 38.2% gain. My Take: Nice pop for DICE shareholders, but you're late to the party if you're not already in position. However, LLY is down slightly on the news, so there could be an opportunity there. VCI Global [VCIG] - Last Close: $2.83 VCI Global just made a big announcement. This morning, the terch firm said it has been tapped as a distributor for the promotion & sale of Cogia GmbH's "Socializer Messenger" platform. A company press release described "Socializer Messenger" as an "all-in-one communication tool with full data encryption and privacy protection." The platform is owned & controlled by Germany's Cogia CmbH, but VCIG has been granted an exclusive distributorship in Southeast Asian countries. VCIG also has non-exclusive distribution rights outside of Southeast Asia, and it's entitled to a percentage of revenues derived from its sales. The deal has a two-year term with an automatic one-year renewal period. Shares of VCIG are up 48.0% on the news. My Take: This looks like another AI hype rally. VCIG shares have been trading flat for months, but maybe this catalyst can start a new up-trend. There could be opportunity here, but be cautious of a potential pullback. Innovative Eyewear [LUCY] - Last Close: $2.19 Innovative Eyewear just landed a huge contract. Early this morning, the smart eyewear firm announced an agreement with Authentic Brands Group to license the Reebok® brand for its smart eyewear. Executive VP of Reebok, Steve Robaire, said Innovative Eyewear's smart eyewear technology will "reinforce the brand's standards in this emerging category." Innovative Eyewear CEO Harrison Gross said their forthcoming collection will focus on digital-connected sports eyewear in four major segments, including ready-to-wear sunglasses, prescription eyeglasses, safety glasses, and sports glasses. The initial Reebok-branded smart eyewear collection is expected to launch in early 2024. Financial terms of the deal weren't disclosed in the initial press release. LUCY is one of this morning's top performers with a 29.2% gain. My Take: LUCY is beginning to show some promise. It has locked down some high visibility brands, and its smart eyewear technology seems to have a lot of potential. Evelo Biosciences [EVLO] - Last Close: $0.12 Evelo Bio is moving higher after a regulatory filing. After Friday's close, the micro-cap biotech published its Form-8K Current Report filed on June 12th, 2023. Notably, the report mentioned a venture loan and security agreement between Evelo & Horizon Technology Finance Corp. On June 12th, the company and Horizon agreed to extend a "stand-still" period until June 16th at 9:59 p.m. ET. It's currently not clear if that agreement has been extended beyond the deadline, but shares are reacting favorably on the heels of the 8-K filing. EVLO is one of this morning's top performer with a 45.2% premarket gain. My Take: I'm not really sure what the story is here, but this is one of today's top movers, so I thought it was worth mentioning. I think more will come out on this unfolding story later in the session. 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. 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