4 Active stocks to watch today 👀

                                                                                                                                                                                                                                                                                                                                                                                                                November 16, 2023 | [Read Online]( Good Afternoon! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Today is Thursday, November 16th. I hope you have a great day in the market. Now, let's get ready to trade! Markets 📈 Stocks extended their hot streak on Wednesday but only managed to notch modest gains. The Dow led the way with a 0.4% advance, followed by the S&P 500’s 0.1% gain. The Nasdaq added less than 0.1%, and the Russell 2k edged higher by 0.1%. Futures are down in early trading. S&P 500 contracts are down about 0.2% from yesterday’s close. Sponsored [The Top-3 S&P 500 Stocks for 2024]( As noted by USA Today, "Analysts expect improving market fundamentals in 2024. The S&P 500 entered bull market territory in June 2023 after gaining more than 20% from its October 2022 lows. Since World War II, the average S&P 500 bull market has lasted more than five years, according to LPL Research." These could be the top movers to pick up for next year. [Get the Complete Watchlist Here]( Premarket Highlights 🔎 📉 Cisco’s Forecast Fumble Cisco Systems, the big kahuna of networking gear, just hit a bit of a rough patch. After slicing down its revenue forecasts, its stock took a nosedive, plummeting nearly 10% in after-hours trading. Ouch! Market Value Meltdown: If this downward trend holds up through Thursday, we're looking at a $20 billion market value vanish act. It's like a magic trick no one at Cisco wanted to see – their worst tumble since May 2022. Revenue Rollercoaster: Cisco's aiming for a full-year revenue between $53.8 billion and $55 billion, dialing it back from their initial $57 to $58.2 billion forecast. Q1 Report Card: It's not all doom and gloom, though. In the fiscal first quarter, revenue actually perked up by 7.6% to $14.67 billion, nudging past Wall Street’s expectations. Software-subscription sales are on the up, and there's a buzz around their investments in generative AI, security, and cloud services. Earnings Uptick: Earnings jumped to $3.64 billion, or 89 cents a share. That's a hop from 65 cents a year ago, beating both the street's and management's own bets. Looking Ahead: For Q2, Cisco's bracing for up to $12.8 billion in revenue, trailing behind analyst forecasts. So, as Cisco navigates these choppy waters, it's a reminder that even tech titans can get a bit seasick in the unpredictable ocean of market expectations. 🌊💻... 10:00a Running Hot 🔥 Gainers - Educational Development [EDUC] >> +22.0% - Minerva Surgical [UTRS] >> +15.7% - InVivo Therapeutics [NVIV] >> +13.5% Decliners - Volcon [VLCN] >> (38.4%) - Augmedix [AUGX] >> (26.5%) - Foremost Lithium [FMST] >> (22.9%) Bone Biologics [BBLG] - Last Close: $0.5431 Bone Biologics is seeing a lot of volume this morning. Shares have been trending higher since the tiny biotech released its latest quarterly results on Nov. 14th. According to its latest results, the pre-revenue firm’s operating loss widened, expenses increased, and its on-hand cash reserves fell compared to last year. At first glance, the numbers seem pretty grim, but BBLG gained 8.6% and saw a huge volume spike on Wednesday. Today, BBLG is extending yesterday’s rally. Shares are up 53.1%, and it’s one of the most active-traded stocks in today’s premarket. My Take: BBLG is a very small-float stock with a $1.7 million market cap. The recent earnings report was pretty lackluster, so I think this could be a targeted effort to drive up share prices. Watch out for a pullback. WaveDancer [WAVD] - Last Close: $1.58 WaveDance just landed a big merger deal. This morning, the company announced a definitive merger agreement for an all-stock deal with privately-held Firefly Neuroscience. Under the agreement, shares of Firefly stock would be converted into WAVD common stock upon closing. Upon closing, which is expected in Q1 2024, Firefly shareholders will be 92% owners of the combined company. WAVD is leading the premarket with a 96.9% gain on the news. My Take: WAVD’s big surge could be a sign that the market has an appetite for shares of privately-heald Firefly Neuroscience. Ault Alliance [AULT] - Last Close: $0.106 A business update is boosting shares of Ault Alliance. Today, the company announced its Sentinum subsidiary is now capable of deploying 40 AI clusters with advanced GPU from Nvidia and AMD. The complex is located at the company’s state-of-the-art data center in Michigan, and capacity could expand further when its center in Montana goes online. At a Bitcoin price of $37,500, Sentinum’s Bitcoin mining operations’ annual run rate is expected to exceed $60 million worth of Bitcoin. AULT is one of this morning’s most active stocks, and it’s up 21.7%. My Take: AULT’s rally has some nice volume behind it, so we could see more gains ahead for this stock, especially if BTC prices continue to rise. HNR Acquisitions [HNRA] - Last Close: $6.77 HNR Acquisitions has completed its business combination. Yesterday, the SPAC announced the official closing of its business combination with Pogo Resources and its subsidiaries. The deal included Pogo’s interests in the Grayburg-Jackson oil field on the Permian Basin in Eddy County, New Mexico, and other assets. HNRA is up 15.3% on elevated premarket trading volume. My Take: HNRA claims Pogo has enormous growth potential, but the commodities sector, particularly domestic oil, is always uncertain. That's it for today! Thanks for reading, and good luck out there! Best Regards, — Chris D. Elite Trade Club P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign up for SMS]( [tw]( [ig]( [yt]( [tk]( *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. 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