2 Big "Buyout Booms" to watch today 💰

This tiny stock could be on course for a major breakout after a recent FDA decision... Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Today is Tuesday, June 27th. I hope you have a great day in the market. Let's get ready to trade! Markets 📈 Stocks fell in the week's first trading session on Monday. The Dow fell less than 0.1%, while the S&P 500 lost 0.4%. The Nasdaq sold off for 1.1%. Futures are climbing in early trading. S&P 500 contracts are currently up 0.2%. Sponsored [If everyone knew this, Wall Street would go out of business]( There's a "hush-hush" trading strategy institutional investors like to keep to themselves... Because if everyone knew about it, they'd be out of business! In fact, some traders are using it to win 9 out of every 10 trades they place. And you can, too. [Click here to see how it works.]( Premarket Highlights 🔎 🛢 Crude Oil Prices Fall Brent and West Texas Intermediate crude are both down upwards of 1.0% over the past 12 hours, as energy investors continue to weigh recent developments in Russia and Saudi Arabia. Russia is reportedly on pace to overtake Saudi Arabia as China's largest crude oil supplier. Saudi Arabia and OPEC+ recently announced an output cut in hopes of buoying sliding prices, but prices have continued to fall despite the cartel's decision to impose production cuts. What to Watch Today 👀 Housing Market Data The New Home Sales report for May 2023 comes out at 10 a.m. today, and housing market investors would be wise to keep an eye on the numbers. High rates and rising costs are putting a big squeeze on the home building business, and there's a good chance we'll see declining activity in May. Major Earnings 💰 Walgreens Boots Alliance, Inc. [WBA] ... AM TD Synnex Corporation [SNX] ... AM Korn Ferry [KFY] ... AM Schnitzer Steel Industries, Inc. [SCHN] ... AM Jefferies Financial Group Inc. [JEF] ... PM Aerovironment, Inc. [AVAV] ... PM Novagold Resources Inc. [NG] ... PM Economy 🏗 Durable-goods orders [May] ... 8:30a Durable-goods minus transportation [May] ... 8:30a S&P Case-Shiller home price index (20 cities) [Apr] ...9:00a New home sales [May] ...10:00a Consumer confidence [Jun] ... 10:00a Running Hot 🔥 Gainers - GreenPro [GRNQ] >> +16.1% - Avalo Therapeutics [AVTX] >> +27.8% - Impel Neuropharma [IMPL] >> +19.4% - Better Therapeutics [BTTX] >> +17.2% Decliners - Lordstown Motors [RIDE] >> (61.3%) - C3is [CISS] >> (17.3%) - Reneo Pharma [RPHM] >> (16.0%) - TRxADE Group [MEDS] >> (14.0%) Marriott [MAR] - Last Close: $171.51 Marriott is rallying after a favorable mention in the news. Today, Reuters published an article highlighting the hotel operator's role in the City of Madrid's efforts to capture a bigger share of the European tourism market. According to the article, the Spanish capital city has been revitalizing its downtown area since the spring of 2021. Since then, Marriott has reopened the Santo Mauro Palace, and it's now investing more resources in expanding its presence in the up-and-coming city. According to Reuters, the company began work on another hotel, the Westin Palace, this month. It's currently in the process of adding 400 rooms to the hotel. MAR is leading the S&P 500 with a 3.0% gain in today's premarket. My Take: I don't think MAR's Madrid efforts are breaking news, but the favorable mention in one of the world's largest news outlets seems to be giving the stock a publicity boost in today's premarket. American Equity Investment Life [AEL] - Last Close: $45.10 💰 News of an acquisition is lifting shares of American Equity. This morning, Brookfield Reinsurance [BNRE] offered to acquire all outstanding shares of the life insurer for in a $4.3 billion proposal. Brookfield, already one of AEL's largest shareholders, would acquire all remaining shares of the company for $55 apiece under the terms of the proposal. The non-binding proposal represents a 35% premium to AEL's Monday closing price. No word yet on whether the company will accept the proposal. AEL is up 15.3% on news of the potential acquisition. My Take: AEL is trading about 5.4% below the proposed acquisition price as I am writing this. There could be some upside there, especially if you can leverage the gap with options, but there's no guarantee this deal will go through. Astrotech Corp [ASTC] - Last Close: $11.54 💰 Astrotech Corp has also received a buyout proposal from a major shareholder. After Monday's close, Braden M Leonard said he sent an acquisition proposal to the mass spectrometry firm for $17.25 per share in cash. Braden M Leonard already controls 13% of ASTC through his BML Capital Management arm, and he would acquire the other 87% under the proposed deal. The bid represents a 49.4% premium to ASTC's Monday close, and it's contingent on Astrotech having at least $35 million of cash or equivalents on hand. News of the buyout lifted ASTC to a 19.1% gain in today's premarket. My Take: There's still some healthy potential upside on the table if this deal goes through. But, if you decide to trade it, don't hesitate to cut and run if things start to go south. Auddia [AUUD] - Last Close: $0.45 A big premarket announcement is boosting shares of Auddia. This morning, the company announced it has successfully combined its AI algorithm with natural language processing in a new technology for podcasts. Auddia says the new AI model will be added to its faidr 3.0 "Superapp" when it's fully rolled out, and it's expected to deliver ad-free podcasts. The company said it's considering additional applications for the technology and the ad-free podcast model, and it will announce its launch plans later this year. AUUD is today's top premarket performer with a 24.7% gain on active trading volume. My Take: It seems like a stock automatically jump 15% to 30% anytime AI is mentioned at this point. This seems more like a hype rally than anything else, but AUUD could find new support at $0.50 if it can hold onto its gains. 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. 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