4 Active stocks to trade before the weekend 🔥

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 July 7th. I hope you have a great weekend. Let's get ready to trade! Markets 📈 Stocks sold off after a strong ADP jobs report raised the chances of another rate hike in July. The Dow lost 1.0%, while the S&P 500 and Nasdaq lost about 0.8%. The small-cap Russell 2K sold off for a 1.6% decline. Futures are trending lower in today's premarket, with S&P 500 contracts showing a loss of less than 0.1%. Sponsored [Hidden In Plain Sight: The Secret To Earning More!]( Hi, this is 10 time trading champion Chuck Hughes and for a long time even I was missing out on the strategy that took my account to a whole new level… In my new guide, Hidden Income Strategy, I'll reveal exactly how you could use this unique strategy to earn more–starting now! [Get a free copy HERE]( Premarket Highlights 🔎 📉 Meta's "Twitter Killer" Meets Mixed Reception Facebook & Instagram parent Meta [META] debuted its "Threads" app yesterday, and the premier was met with substantial criticism. Online tech commentators quickly pointed out that the app collects virtually every piece of accessible data from users' phones, and many early users are reporting the app censors content aggressively. Shares of Meta are down in today's premarket. What to Watch Today 👀 June Jobs Report Investors will be watching today's June employment report closely, especially after Thursday's ADP payrolls report sent the market lower. Ironically, a strong report could provoke a negative reaction in the market, as investors believe a strong job market gives the Fed more justification for raising rates higher in the months ahead. This report will undoubtedly have a major influence on today's trading session. Major Earnings 💰 Azz Inc. [AZZ] ... PM Economy 🏗 U.S. nonfarm payroll [Jun] ... 8:30a U.S. unemployment rate [Jun] ... 8:30a U.S. hourly wages [Jun] ... 8:30a Running Hot 🔥 Gainers - Bluejay Diagnostics [BJDX] >> +20.6% - Enservco [ENSV] >> +13.2% - Top Financial [TOP] >> +12.1% - Cadiz [CDZI] >> +10.7% Decliners - Abacus Life [ABL] >> (17.3%) - Healthcare Triangle [HCTI] >> (12.5%) - iMedia Brands [IMBI] >> (16.5%) - EdtechX [EDX] >> (16.5%) Rivian Automotive [RIVN] - Last Close: $21.62 An analyst upgrade is boosting shares of Rivian. This morning, analysts at Wedbush maintained their "outperform" rating on EV manufacturer, and raised its price target to $30 from $25. Analysts noted their confidence in Rivian's ability to achieve or improve upon its delivery targets. RIVN is up 4.3% on elevated trading volume in today's premarket, My Take: RIVN has been on an incredible run over the past week or so. Shares closed at $13.45 on June 26th, and it's on pace to add to its gains in today's session. Gorilla Technology [GRRR] - Last Close: $2.09 Gorilla Technology just landed a huge government contract. On Thursday evening, the IoT firm said it signed a three-year contract with Egypt's central government that could be worth more than $20 million. Gorilla will help the Egyptian government implement a "Smart Government Security Convergence" solution, according to the press release. It's the largest deal in Gorilla Tech's history, and it puts the company on pace to achieve profitability by the end of 2024. GRRR is one of today's top stocks with a 72.7% gain. My Take: One lucrative government contract can often lead to many more. If GRRR can successfully execute this deal, the company could draw interest from more government buyers. ZyVersa Therapeutics [ZVSA] - Last Close: $0.24 ZyVersa Therapeutics is trending after scoring a pivotal patent. This morning, news broke that the European Patent Office has approved a patent for one of the biopharma firm's key therapeutics. The EPO granted a patent covering ZyVersa's Cholesterol Efflux Mediator VAR 200 for use in diabetic nephropathy/diabetic kidney disease. The company says it expects VAR 200 to advance into its next phase of clinical trials in the fourth quarter. ZVSA is up 58.3% on the news. My Take: ZVSA is a long-shot biotech stock, but it could have some upside if it can successfully bring VAR 200 to market. T2 Biosystems [TTOO] - Last Close: $0.083 The Smart Money is taking an interest in T2 Bio. After Thursday's close, regulatory filings revealed that CR Group LP has taken a substantial position in the struggling biotech stock. According to the disclosure, CR Group purchased roughly 48 million shares of TTOO common stock on July 3rd. The firm now controls more than 10% of T2 Bio, and shares are reacting favorably to the news. TTOO is up 18.9% on active trading volume this morning. My Take: TTOO has performed terribly over the past six months, but maybe CR Group can help turn the company around. The fact that the firm spent so much money to acquire shares of this company implies that it sees some value here. 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. 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