4 Active stocks to watch today 📈

Good Morning! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Today is Thursday, August 31st. I hope you have a great day in the market. Now, let's get ready to trade! Markets 📈 Stocks edged higher on Wednesday despite a weak ADP jobs report. The Nasdaq led the way with a half-point gain, while the S&P 500 added 0.3%, and the Dow edged higher by only 0.1%. The Russell 2K advanced 0.4%. This morning, futures are up once again in early premarket trading. S&P 500 contracts are up 0.1%. Sponsored [The Top-3 NASDAQ Stocks Under $10]( 📈 These stocks are flying under the radar, but that may not be the case for much longer. The market is beginning to catch on to these overlooked opportunities, and a big move could be right around the corner. [Click Here to Get the Tickers]( Premarket Highlights 🔎 🔍 SEC, DOJ Investigate Musk.... Again The Federal Government continues to wage administrative war on Tesla CEO Elon Musk. The Dept. of Justice and Securities Exchange Commission are investigating the EV giant's use of funds on a project that prosecutors allege is a house for Elon Musk. Musk's acquisition of Twitter last year rubbed some Washington ghouls the wrong way, and the federal government has unsurprisingly launched several investigations against the world's richest man since he acquired the social media company. SpaceX, Twitter, and Tesla have all been subjected to federal scrutiny that many would argue - myself include - is politically motivated. What to Watch Today 👀 Personal Income & Spending The personal income and spending report for July comes out today at 8:30 a.m., and the market will be watching closely for signs of trouble. Consumers are a crucial growth engine for the U.S. economy, so there could be some pronounced selling if the report contains any unexpected red flags. The report will also shed some light on the state of consumer inflation, which could also have significant implications for the market's outlook. Major Earnings 💰 Dollar General Corporation [DG] ... AM Hormel Foods Corporation [HRL] ... AM Campbell Soup Company [CPB] ... AM Polestar Automotive Holding [PSNY] ...AM Ciena Corporation [CIEN] ... AM Hashicorp, Inc. [HCP] ... AM Broadcom Inc. [AVGO] ... PM VMware, Inc. [VMW] ... PM Lululemon Athletica Inc. [LULU] ... PM Nutanix, Inc. [NTNX] ... AM Economy 🏗 - Initial jobless claims [Aug] ... 8:30a - Personal income (nominal) [Jul] ... 8:30a - Personal spending (nominal) [Jul] ... 8:30a - PCE index [Jul] ... 8:30a - Core PCE index [Jul] ... 8:30a - Chicago Business Barometer [Aug] ... 9:45a Running Hot 🔥 Gainers - Noco Noco [NCNC] >> +48.7% - Allarity Therapeutics [ALLR] >> +24.0% - Infobird [IFBD] >> +28.5% - SMX Security Matters [SMX] >> +19.6% Decliners - AgileThought [AGIL] >> (24.6%) - Axcella Health [AXLA] >> (20.1%) - Dollar General [DG] >> (16.2%) - Duluth Holdings [DLTH] >> (14.9%) SalesForce [CRM] - Last Close: $215.04 SalesForce is up after a strong quarterly report. The cloud conglomerate reported its fiscal Q2 earnings report late Wednesday, and the results surpassed expectations. SalesForce reported fiscal Q2 adjusted EPS of $2.12, up from $1.19 a year earlier, and easily beat the consensus of $1.88. Revenue for the quarter came in at $8.6 billion, up 11.3% from last year, and beat the consensus of $8.53 billion. SalesForce also boosted its full-year outlook in response to the strong quarter. CRM is leading the S&P 500 with a 5.8% gain. My Take: It looks like CRM is back, but I have never been a big fan of this stock. Even now, it P/E is a whopping 566.25. I think there are much better large-caps to consider than this one. iCoreConnect [ICCT] - Last Close: $12.28 iCoreConnect continues to run hot after its SPAC merger. Earlier this week, the cloud company completed its merger with FG Merger Corp SPAC, and shares have been climbing ever since. Yesterday, trading in ICCT was halted several time due to an issue with the conversion of its shares, but the issue has since been resolved. ICCT gained 117.7% on Thursday, and it continued to run hot after the close. It's up another 28.0% in today's premarket., My Take: This is a big SPAC rally for such an obscure company. I wouldn't be surprised if ICCT pulled back on Monday. Acer Therapeutics [ACER] - Last Close: $0.61 Acer Therapeutics just landed a big buyout deal. The micro-cap pharma firm has agreed to be acquired by Zevra Therapeutics [ZVRA] in a cash-and-stock deal worth up to $91 million. Acer shareholders will initially receive 0.121 shares of ZVRA, and contingent value rights that could add up to $76 million in additional payouts. The deal is expected to close in the fourth quarter. ACER is the number one stock in today's premarket with an 88.4% gain. My Take: ACER shareholders are enjoying a nice pop over this deal, but I don't see a reason to make a move this late in the game. SatixFly [SATX] - Last Close: $0.478 SatixFly is trending after announcing a strategic sale. The space services provider has agreed to sell its digital payload division to MDA Ltd. [TSX: MDA] in exchange for a US$40 million share purchase. The companies announced the new definitive agreement early this morning. SatixFly said it made the sale because it has decided to strategically focus its space business on being a tech provider to satellite payload design companies. SATX is one of this morning's top performers with a 50.8% gain. My Take: I have had my eye on SATX. It could be a promising speculative play on the space sector. The company appears to be zeroing in on the most profitable part of their business, which could be a very good sign. 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. 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