Breaking News Could Rally this Stock 📈

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 Thursday, June 29th. I hope you have a great day in the market. Let's get ready to trade! Markets 📈 U.S. benchmarks closed with mixed results on Wednesday. The Dow lost 0.2%, and the S&P 500 dipped by less than 0.1%. The Nasdaq gained 0.2%., and the small-cap Russell 2K outperformed with a 0.4% advance. Today, futures are moving higher in early trading. Dow and S&P 500 contracts are currently showing gains of 0.2%. Sponsored [Breaking News Could Rally this Stock 📈]( A newly issued press release could prove to be a massive catalyst for this under-the-radar growth stock. The company just announced a major deal this morning that could greatly expand distribution for one of its foundational product. But that's not all, this company looks promising. It's been on our radar for a while, and today's news could give it the final push it needs to break out. [Get the Stock's Ticker & a Full Report on the]( Premarket Highlights 🔎 📈 Bank Stocks Rally on Fed Comments The Federal Reserve just gave U.S. banks a major vote of confidence. Central bank officials recently commented that the biggest U.S. lenders remain healthy despite months of interest rate hikes. JPMorgan Chase [JPM][,]( Wells Fargo [WFC] and Bank of America [BAC] are all gaining in today's premarket thanks to the investor sentiment boost. What to Watch Today 👀 Jobless Claims Unemployment has been running steady for the past few months, and I don't expect to see any big changes anytime soon. However, the job market will be a key factor in the Fed's upcoming rate decisions, so it's worth keeping an eye on the data in case red flags begin to emerge. Major Earnings 💰 Paychex, Inc. [PAYX] ... AM Msc Industrial Direct Company, Inc. [MSM] ... AM Acuity Brands, Inc. [AYI] ... AM The Simply Good Foods Company [SMPL] ... AM Lindsay Corporation [LNN] ... AM Greenbrier Companies, Inc. (The) [GBX] ... AM Nano Dimension Ltd. Dr [NNDM] ... AM Nike, Inc. [NKE] ... PM Progress Software Corporation [PRGS] ... PM Smart Global Holdings, Inc.[SGH] ... PM Economy 🏗 GDP (revision) [Q1] ... 8:30a Initial jobless claims [Jun] ... 8:30a Pending home sales [May] ... 10:00a Running Hot 🔥 Gainers - Eco Wave Power [WAVE] >> +54.3% - Fangg Networks [DUO] >> +23.6% - Lilium [LILM] >> +11.9% - Kintara Therapeutics [KTRA] >> +21.7% Decliners - BioXcel Therapeutics [BTAI] >> (66.9%) - Greenlane [GNLN] >> (21.0%) - CorMedix [CRMD] >> (20.1%) - Black Diamond Therapeutics [BDTX] >> (12.5%) Micron [MU] - Last Close: $67.07 Micron is running hot after an earnings report. The chipmaker released its fiscal Q3 results late Wednesday, and the results were better than expected. Micron reported a non-GAAP loss of $(1.43) per share, against the consensus of a $(1.57) per share loss. Revenues came in at $3.75 billion, down a whopping 56.5% YoY, but still managed to top the consensus of $3.68 billion. Micron's fiscal Q4 guidance fell below the Street's expectations. MU is this morning's top S&P 500 stock with a 3.3% gain. My Take: Shares of MU are responding well, even thought this earnings report didn't seem to be very encouraging. Chip stocks are notoriously cyclical, and it looks like the sector is hit right now. Sigilon Therapeutics [SGTX] - Last Close: $3.93 Sigilon is soaring on the heels of a big buyout announcement. This morning, the pharma firm said it has agreed to be acquired by Eli Lilly [LLY] in a deal that could be worth as much as $300 million. Under the terms of the deal, SGTX investors will receive $14.92 for each common share, representing a whopping 279% premium of Wednesday's close price. The deal also includes a non-tradeable contingent value right that could pay an additional $111.64 in cash for each share. Sigilon's board recommended shareholders accept the offer, and the deal is expected to close in Q3. SGTX is up 701.2% on the news! My Take: Holy cow. I don't think I've seen a legitimate 701% buyout rally in quite some time. However, SGTX could be a steal - even at its current price - if that $111.64 CVR is triggered. There could be an opportunity here. Zivo Bioscience [ZIVO] - Last Close: $2.35 Zivo Bio just canceled a registered offering, and shares are soaring. The micro-cap biotech filed a Form RW on Wednesday announcing the cancellation of a previously announced registered offering. Zivo first announced the registration statement on March 22nd, 2023, but it has now officially withdrawn from the planned offering. The company said its withdrawal was "consistent with the public interest and protection of investors." ZIVO is one of today's top premarket stocks with a 16.1% gain. My Take: ZIVO shares could be on course to swing higher if it can maintain its recent momentum. It seems to have found some support at $2.20 per share, so this could be a good entry point. Joby Aviation [JOBY] - Last Close: $8.96 Joby Aviation just landed a big fish. South Korea's SK Telecom just made a $100 million investment in the electric aircraft firm as part of an expanded partnership between the two companies. The companies announced the news this morning, but the agreement was executed on June 27th, 2023. They have been strategic partners since Feb. 2022, but the recent agreement takes the partnership to the next level. Joby is now expected to participate in Korea's K-UAM Grand Challenge, a contest designed to foster the adoption of aerial ride sharing in Korea. JOBY is up 13.8% on news of the $100 million vote of confidence. My Take: This could be a major milestone for JOBY. South Korea is clearly taking the idea of aerial EV transportation seriously. It's a long-shot play, but it could pay off big time if Joby delivers. 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](