Top-4 premarket movers 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 October 2nd. I hope you had a great weekend. Now, let's get ready to trade! Markets 📈 Stocks closed last week with mixed results. The Nasdaq managed a 0.1% gain, while the Dow lost 0.4%, and the S&P 500 slid to a 0.2% loss. The small-cap Russell 2K lost half a point on the session. Today, futures are sitting close to flat in early premarket trading. S&P 500 contracts are up by less than 0.1%. Sponsored [FedNow Digital Nightmare Begins!]( The FedNow digital payment system just went LIVE, and it's a lot scarier than you might think! The Federal Reserve payment system could control who gets paid, where you can spend money, and even who can participate in the financial system at all! The pressing issue of a digital dollar here in the U.S.A. has now taken a step closer to reality. The good news is, you still have time to protect yourself! [Get Your Digital Dollar & FEDNOW Survival Guide HERE >>]( Premarket Highlights 🔎 📉 September Wrap-Up The S&P 500 wrapped up September with a 0.2% loss on Friday, capping off its worst monthly performance of the year. The large-cap benchmark fell 4.9% last month in what was its worst month since December 2022. Technology stocks fared particularly poorly. Apple [AAPL] lost 8.9% in September, while AI powerhouse NVIDIA [NVDA] fell 12.0%. However, there's hope on the horizon. The S&P 500, Nasdaq, and Dow all tend to rise in October, on average. Unfortunately, the historical data also shows that the S&P 500 and Dow are more likely to fall in October when they took losses in September, although the Nasdaq tends to go up regardless. What to Watch Today 👀 Economic Updates Today's economic calendar will feature several updates on American manufacturing activity that could provide some valuable insights into the outlook for both the U.S. economy and manufacturing stocks. If the numbers show the manufacturing economy is slowing, it may give the Fed further reason to pause their rate hike campaign in the months ahead. Major Earnings 💰 Upexi, Inc. [UPXI] ... PM Economy 🏗\ - S&P final U.S. manufacturing PMI [Sep] ... 9:45a - ISM manufacturing [Sep] ... 10:00a - Construction spending [Aug] ... 10:00a Running Hot 🔥 Gainers - Icecure Medical [ICCM] >> +80.4% - RVL Pharma [RVLP] >> +26.6% - InVitae [NVTA] >> +25.5% - SeaStar Medical [ICU] >> +23.1% Decliners - SmileDirectClub [SDC] >> (54.2%) - Safe Green [SGD] >> (49.6%) - Intelligent Bio [INBS] >> (49.5%) - Aramark Holdings [ARMK] >> (23.8%) Alaskan Air [ALK] - Last Close: $37.08 Alaskan Air is getting a boost after an analyst note. This morning, Morgan Stanley reiterated its "overweight" rating on the stock but cut its price target to $70 from $75 previously. On average, analysts typically rate ALK as a "buy" with price targets ranging from $50 to $75. The company hasn't released any major announcements since Sept. 25th, when it unveiled a new daily service between San Diego and Atlanta. ALK is leading the S&P 500 this morning with a gain of 4.8%. My Take: ALK came into the Summer strong, but the rally fizzled in mid-July. Now, shares are down from where they started the year, but this note could be an early sign that the downturn is beginning to bottom out. Telecom Argentina SA [TEO] - Last Close: $4.79 Telecom Argentina is making gains in early trading. The Argentinian telecom company is trending despite no major announcements from the company in recent days. Yesterday, the South American country hosted a presidential debate in an election that could have significant consequences for its economy. One popular candidate, Javier Milei, has promised to fix the country's currency issues by adopting the U.S. dollar as its national currency. The candidate's plan could be seen as a positive for Argentinian business, so his strong performance in yesterday's first presidential debate may explain the move. Either way, TEO is one of this morning's top stocks with a 33.4% gain. My Take: It's hard to say why this stock is up. Financial reporting isn't nearly as good for international companies based in smaller markets. However, TEO could be a good value here. BTC Digital [BTCT] - Last Close: $3.58 A Bitcoin rally is boosting shares of BTC Digital. The crypto miner is on the rise following a 7.2% run-up it Bitcoin prices over the past 5 days. This weekend, prices spiked by nearly $1,000 in a few minutes, and the benchmark crypto is currently sitting at $28,262 per BTC. The rally seems to be giving Bitcoin miners like BTCT a boost in today's premarket. It's up 8.9% in the premarket. My Take: This is a relatively minor move, but the stock is coming off a big pop on Friday. It could be worth watching if Bitcoin prices continue to trend higher. Aerwins [AWIN] - Last Close: $0.1208 Aerwins is soaring after making a big announcement. On Friday, the "air mobility" company said it will redesign its Xturismo Ltd edition Prototype 1 hoverbike to help break into the U.S., Europe, and other markets. Some of the new design enhancements will include an alternative powerplant and fuel source, as well as other options, according to an Aerwins statement. The company also said it's in discussions with potential joint venture partners who are already approved by the U.S. Federal Aviation Administration. Aerwins also said it's considering strategic alternatives for non-core operations, including but not limited to the sale or other disposition of assets. AWIN is one of today's top premarket movers with a 99.5% gain. My Take: AWIN lost nearly 90% of its value over the past six months. It could be on its way to zero, or it could be in position for tremendous upside. An asset deal or new partnership announcement could also give the stock a short-term boost. 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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