Two "meme stock" rallies to watch today 🚀

Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Happy Monday! It's July 24th. I hope you had a great weekend. Let's get ready to trade! Markets 📈 Large-cap indexes closed Friday close to flat, with the Dow and S&P 500 gaining less than 0.1%. The Nasdaq fell by 0.2%, and the small-cap Russell 2K lost 0.3%. Today, futures are heading higher in early trading. S&P 500 contracts are currently up 0.1%. [Get ETC Alerts on Your Mobile Device]( 📲 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. [Or Click Here to Sign Up Online!]( Premarket Highlights 🔎 ⚪ None The premarket is pretty quiet, and there doesn't seem to be any major headlines that will influence today's session. What to Watch Today 👀 Earnings Friday's earning schedule is thinner than earlier days this week, but there are still some notable names set to report, including American Express, Autonation, and others. Almost all these reports will hit the wires in the premarket, and they could influence today's trading session. Major Earnings 💰 Domino's Pizza Inc [DPZ] ... AM Cadence Design Systems, Inc. [CDNS] ... PM NXP Semiconductors N.V. [NXPI] ... PM Alexandria Real Estate Equities, Inc. Reit [ARE] ... PM Brown & Brown, Inc. [BRO] ... PM Packaging Corporation Of America [PKG] ... PM Crown Holdings, Inc. [CCK] ... PM F5, Inc. [FFIV] ... PM Liberty Global Plc [LBTYA] ... PM Cleveland-Cliffs, Inc. [CLF] ... PM Economy 🏗 - S&P "flash" MFG / SVC PMI [Jul] ... 9:45a Running Hot 🔥 Gainers - Chicken Soup for the Soul [CSSEL] >> +12.2% - Koss Corp [KOSS] >> +11.9% - NeoVolta [NEOV] >> +13.9% - Syndax Pharma [SNDX] >> +13.8% Decliners - Kodiak Sciences [KOD] >> (52.5%) - Appharvest [APPH] >> (37.3%) - Infinity [INFI] >> (32.2%) - 22nd Century [XXII] >> (20.4%) POSCO Holdings [PKX] - Last Close: $105.69 POSCO Holdings is trending after an upbeat report. The South Korean steel-maker released its Form 6-K this morning, and the report included some notable bright spots. POSCO noted 3.6% revenue growth in the second quarter, and its operating profits jumped by a staggering 85.7%. The company's numbers were still down compared to the previous year, but its quarterly trends appear to be headed in the right direction. PKX is one of today's top stocks with a 17.5% gain. My Take: PKX has been on a tear lately. It was trading for about $76 at the start of July, and it's been shooting higher ever since. If it can maintain this momentum, there's no telling where the rally will stop. AMC Entertainment [AMC] - Last Close: $4.40 🚀 AMC is ripping higher in response to a court ruling. The movie theater meme stock soared after a Delaware court ruled against a settlement proposed by the company. The proposal would've converted AMC's preferred shares trading under APE into common shares and implemented a 10-for-1 reverse split. Many shareholders objected to this proposal, and the court's decision came after lengthy litigation between the company and its investors. AMC says it might not be able to stave off bankruptcy now that the proposal has been shut down. For whatever reason, shares of AMC are soaring on this news. It's up 39.7% in the premarket, and it's this morning's top stock. My Take: This looks like another meme stock rally for AMC. With a 28.7% short rate as of the end of June, the move could be partially due to short squeeze buying pressures too. Tupperware Brands [TUP] - Last Close: $0.90 🚀 Tupperware Brands is also moving higher this morning. The legacy food storage products company is one of today's top stocks despite no major announcements. However, Tupperware's elevated short ratio, which was at 23.3% as of June 30th, can likely explain the sudden move. TUP is up 23.3% in today's premarket. My Take: Is TUP a new meme stock? I assume this is some kind of coordinated short squeeze. TUP jumped 35.2% on Friday, and it appears to be maintaining its momentum through today's premarket. Quince Therapeutics [QNCX] - Last Close: $1.58 Quince Therapeutics just announced a major deal. The biotech company has agreed to acquire privately-held EryDel SpA and its drug assets in a $485 million stock-for-stock exchange. Under the terms of the deal, EryDel shareholders will own a max of roughly 16.7% of the newly combined company. The deal also includes millions in developmental and commercial milestone payments. QNCX is up 11.3% on news of the acquisition. My Take: QNCX has been running up against stiff resistance at the $1.75 mark, but this rally could help it break through. 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](