Futures rise ahead of Jobs Report 📈

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 September 1st. Markets are closed on Monday for Labor Day. I'll talk to you again Tuesday morning. Enjoy the long weekend! 🇺🇸 But first, let's get ready to trade! Markets 📈 U.S. finished August lower than where they started, despite a late-month rally. Yesterday, the Dow lost 0.4%, while the S&P 500 and Russell 2K edged lower by 0.1%. The Nasdaq was the loan gainer with a 0.1% advance. Today, futures are edging higher in early trading. Dow and S&P 500 contracts are both up by 0.3%. 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 🔎 📉 Stocks Close August Lower The S&P 500 ended August with a 1.5% decline, despite an epic rally that came close to propelling the index into positive territory. The Nasdaq also suffered declines, closing the month with a 1.6% loss. Last month's declines were largely driven by weakening economic data, a softening job market, concerns about additional interest rate hikes, and weaker-than-expected corporate earnings. With Summer drawing to a close, it will be interesting to see how the market performs in the weeks and months ahead. What to Watch Today 👀 Jobs Report The August jobs report drops at 8:30 a.m. today, and it could have a significant influence on investor sentiment in today's trading session. Economist estimate the U.S. economy added 170,000 workers last month, down from 187,000 the month before. The unemployment rate is expected to hold steady at 3.5%. Surprisingly, we could see a positive reaction if the labor market is weaker than expected. Many investors believe weak jobs data could lower the risk of additional rate hikes in the months ahead, and the potential for even-higher rates is one of the biggest fears for investors. Major Earnings 💰 Dingdong (Cayman) Limited Dr [DDL] ... AM Economy 🏗 - U.S. non-farm payrolls [Aug] ... 8:30a - U.S. unemployment rate [Aug] ... 8:30a - U.S. hourly wages [Aug] ... 8:30a - S&P U.S. manufacturing PMI (final) [Aug] ... 9:45a - ISM manufacturing [Aug] ... 10:00a - Construction spending [Jul] ... 10:00a Running Hot 🔥 Gainers - Trxade Group [MEDS] >> +44.5% - Processa Pharma [PCSA] >> +11.9% - 23andMe [ME] >> +19.0% - Aclarion [ACON] >> +16.4% Decliners - Aditx [ADTX] >> (48.4%) - iCoreConnect [ICCT] >> (22.1%) - SeqLL [SQL] >> (18.8%) - Flora Growth [FLGC] >> (16.9%) Nutanix [NTNX] - Last Close: $31.10 Nutanix is up after an early-morning announcement. Earlier today, the software firm said its board approved a $350 million share repurchase agreement for its Class A shares. Repurchased will be executed from time to time via open markets, private transactions, and other means. NTNX is up 19.5% in response to the announcement. My Take: NTNX share buyback could give it additional price support, and today's rally could put it past a stiff resistance level that has kept shares stuck below the $32 mark. EOS Energy Enterprises [EOSE] - Last Close: $3.25 A groundbreaking premarket announcement is boosting shares of EOS Energy. This morning, the electrical equipment company said it will launch a $500 million clean energy storage expansion project in the Pittsburgh area. EOS Energy said the plant will provide 8-gigawatt-hour of storage production capacity by 2026. A loan from the U.S. Dept. of Energy's Loan Programs Office is expected to fund 80% of the project, if it's finalized. The company said the project will address increased demand for long-term energy storage and create 650 new green energy jobs in the Pittsburgh area. Guggenheim upgraded EOSE to "buy" and set a $10 price target in response to the news. EOSE is one of today's top movers with a 56.6% gain. My Take: EOSE hasn't even been approved for its loan yet, so this move might be a little preemptive. I am gonna hold off on this one a bit. Novo Integrated Sciences [NVOS] - Last Close: $0.14 Novo is trending after a late-Thursday announcement. After Thursday's close, the healthcare company said it received underwriter clearance for a unsecured $70 million promissory note with a 15-year term. Novo landed the loan through a deal with SCP Tourbillion Monaco, who served as the primary buyer and provided $57 million in debt funding. The note will provide a non-compounding yield of 1.52% per year. NVOS is this morning's top performer with a 69.2% gain on active trading volume. My Take: NVOS is getting a big boost from this move, which is understandable given the size of the note compared to the company's $22 million market-cap. The note could fuel growth at the company, but only time will tell if Novo will use the capital wisely. Axcella Health [AXLA] - Last Close: $0.2310 Axcella Health continues to trade erratically after a big rally earlier this week. On Tuesday, Axcella announced a new patent for its long-COVID fatigue treatment, AXA1125, and rallied more than 300% on the news. After its big rally, shares pulled back on Wednesday and Thursday, but the correction appears to have been overdone. Following two days of declines, the stock is rebounding in dramatic fashion in today's premarket. AXLA is one of this morning's most active stocks, and it's up 29.8%. My Take: AXLA's chart is very ugly, and I don't think a long COVID treatment is going to be a game-changer. I'm not optimistic about this company's long-term outlook. 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](