Futures pause ahead of new jobs data 🚨

Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Today is Wednesday, August 30th. I hope you have a great day in the market. Now, let's get ready to trade! Markets 📈 The Nasdaq jumped 1.7% on Tuesday, thanks to a broad rally in U.S. stocks. The S&P 500 and Russell 2K both added 1.4%, and the Dow trailed with a 0.8% gain. This morning, futures are down slightly in early trading. S&P 500 contracts are currently showing a 0.1% loss. Sponsored [Is This the End of AI?]( In as little as three months from today, a new Artificial Super Intelligence is set to launch. It's already 54% complete – and moving fast. This new AI could be thousands of times faster than ChatGPT... And it could push big tech stocks to double or triple over the next few years. [Click here to learn how to prepare for what's ahead.]( Premarket Highlights 🔎 ⚖ Court Ruling Reinvigorates Hopes for Bitcoin ETF On Tuesday, a federal judge ruled the U.S. Securities & Exchange Commission must reconsider Greyscale Bitcoin Trust's [GBTC] application to launch a publicly-traded Bitcoin ETF. The news prompted a wave of enthusiasm from crypto investors and sent Greyscale and several other blockchain stocks soaring. What to Watch Today 👀 ADP Employment Today's ADP employment report will provide a sneak peek at the upcoming August jobs report. Recently-released data on job openings indicate the U.S. hiring market is cooling, and new federal data released last week showed the U.S. actually created 306,000 fewer jobs than it initially reported in 2023. As a result of these red flags, this Friday's jobs report could have a major influence on the market, and today's ADP report will help to set expectations. Major Earnings 💰 Brown Forman Inc [BF.A] ... AM Okta, Inc. [OKTA] ... AM Hashicorp, Inc. [HCP] ... AM Patterson Companies, Inc. [PDCO] ... AM Salesforce, Inc. [CRM] ... PM Veeva Systems Inc. [VEEV] ... PM The Cooper Companies, Inc. [COO] ... PM Chewy, Inc. [CHWY] ... PM Five Below, Inc. [FIVE] ... PM Greif Inc. [GEF] ... PM Economy 🏗 - ADP employment [Aug] ... 8:15a - GDP (revision) [Q2] ... 8:30a - Advanced U.S. trade balance in goods [Jul] ... 8:30a - Advanced retail inventories [Jul] ... 8:30a - Advanced wholesale inventories [Jul] ... 8:30a - Pending home sales [Jul] ... 10:00a Running Hot 🔥 Gainers - Top KingWin [TCJH] >> +38.9% - Rail Vision Unit [RVSN] >> +10.5% - Digital Brands Group [DBGI] >> +42.8% - Aravive [ARAV] >> +22.6% Decliners - Outlook Therapeutics [OTLK] >> (78.0%) - Brookfield Real Assets [RA] >> (25.8%) - FibroGen [FGEN] >> (22.6%) - Mastercraft Boat [MCFT] >> (21.3%) Insulet [PODD] - Last Close: $189.48 News of an insider buy is boosting shares of Insulet. According to a Form 4 filing, President & CEO James Hollingshead purchased 5,500 shares of PODD for a total price of about $1 million. Hollingshead now directly controls a total of 34,177 shares of the company, bringing his stake to about 4.89%. PODD is leading the S&P 500 with a 4.4% gain in today's premarket. My Take: PODD has had a rough few months, but it could be on the verge of potentially bottoming out if it can maintain its recent bout of positive momentum. Tingo Group [TIO] - Last Close: $0.8497 Tingo Group is trending after firing back at a short seller. The FinTech firm was the subject of a recent report from notorious short seller Hindenburg Research, who accused the company of various misdeeds. Upon publishing of the report, Tingo Group launched a full investigation into Hindenburg's accusation, and it just published its findings early this morning. The report explored several points cited in the Hindenburg report and provided appropriate explanations. Now, Tingo will begin an investigation into accusations against the company's founder, Dozy Mmobousi. TIO is up 27.1% in response to the report. My Take: I don't know enough about the Hindenburg report to tell you whether TIO made a strong defense against the accusations. However, the stock's movement today seems to indicate the investigation reassured at least some bullish investors. AgeX Therapeutics [AGE] - Last Close: $0.7201 AgeX Therapeutics is trending after a merger announcement. The biotech company has agreed to an all-stock merger agreement with privately-held Serina Therapeutics. Under the terms of the deal, Serina shareholders will receive shares of AgeX common stock and will own 75% of the combined company upon closing. AGE shareholders will be issued post-merger warrants, and they will receive additional incentive warrants if they exercise their post-merger warrants. The deal is expected to close sometime in Q1 2024, pending customary closing conditions and shareholder approval. AGE is up 12.4% in early premarket trading. My Take: This is an unusual merger deal, but it appears to be an overall positive for AGE. However, it's not a game-changer, so I don't expect to see any more dramatic moves in the near future. AgileThought [AGIL] - Last Close: $0.155 AgileThought is reversing course in dramatic fashion. The IT services stock is rebounding from a recent slide in the wake of a recently-released analyst note. Yesterday, Cantor Fitzgerald analyst Josh Siegler reiterated his neutral rating on AGIL and maintained a price target of $2. The analyst note came just a day after AgileThought filed for Chapter 11 bankruptcy and announced plans to go private. This morning, AGIL is the top-performing stock, with a 108.3% gain in the premarket. My Take: This move doesn't really add up in my mind. I have a hunch this could be a pump and dump, so don't get caught holding the bag. 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. 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