Top 4 Stocks for Today's Short Session 🔥

Market closes at 1 p.m. ET today, and these stocks are making big moves in today's premarket....                                                                                                                                                                                                                                                                                                                                                                                                                 November 24, 2023 | [Read Online]( [Chris Dinello]( November 24, 2023 Together with Good Afternoon! Hey, there! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Happy Friday! It’s November 24th. I hope you had an excellent Thanksgiving holiday. 📢 The market closes at 1 p.m. ET today. Due to the short session, the Closing Bell Roundup will be back on Monday. 🌟 Also, ICYMI, we’re running an INSANE Black Friday deal on our premium Elite Growth Stocks service. This deal will not last long, so [claim your discount now to avoid missing out.]( Now, let's get ready to trade! Today’s Report Sponsored By: FareDrop Save 50% on FareDrop Pro for Black Friday Looking to travel more in 2024? Us too. That’s why we’re so excited to share [FareDrop’s best deal ever]([Â](for Black Friday. With FareDrop, you can save up to 80% on flight prices with personalized deal alerts from your home airports. The deals will be completely customized to your travel goals, including your preferred destinations, travel availability, budget, and more. Right now, if you sign up for FareDrop you’ll receive: - 50% off the Pro Plan - A FREE airport t-shirt - A FREE Lonely Planet eBook - A $50 hotel credit - And you’ll be entered to win a trip to the Maldives! That’s a total value of[Â]([$199 for just $49](. This sale won't be around long, so sign up for your Pro plan now! [Sign Up]( Markets 📈 Stocks came into the holiday break with their hot streak intact. The Dow added half a point on Wednesday, while the S&P 500 and Nasdaq gained 0.4%. The small-cap Russell 2K closed the day flat. Futures are ticking higher in early trading. S&P 500 contracts are hovering around a 0.1% gain. Premarket Highlights 🔎 🛒 Black Friday Roundup: Retailers Chime In The Wall Street Journal published an article this morning compiling several big retailers’ comments on Black Friday. Here’s what they had to say about their expectations for the biggest shopping day of the year: 🔌 Best Buy's [BBY] Optimistic Approach: Gearing up with early access and free next-day delivery, Best Buy is eyeing consumer spending to bounce back to pre-pandemic levels. However, they're keeping their holiday excitement in check, considering the current consumer sentiment. 🛠️ Lowe's [LOW] Feels the Pinch: The home-improvement giant notes a shift in consumer behavior, with customers opting for single-item purchases like a fridge over full kitchen overhauls. It's a sign of customers being more cautious with their big-ticket spending. 🛒 Kohl's [KSS] Counts on Cosmetics: After a dip in Q3 sales, Kohl's is betting on its Sephora partnership to spruce up makeup sales. They're hoping customers will still splurge on high-end cosmetics despite broader spending trends. 👗 Urban Outfitters' [URBN] High Hopes: Striking an upbeat note, Urban Outfitters expects a stellar holiday season, citing strong customer engagement and full-price fashion buying as positive indicators. 🧥 Burlington [BURL] Sees Recovery Signs: With costs of essentials stabilizing, Burlington's CEO senses a rebound, especially among low-income shoppers still reeling from last year's price shocks. 🛒 Walmart’s [WMT] Balanced Outlook: The retail behemoth anticipates that easing grocery prices might loosen purse strings for general merchandise. A drop in food and consumable prices could mean more spending in other categories. As Black Friday looms, retailers are prepping with a mix of caution and optimism. Each store's strategy reflects its unique read on the market pulse – from promoting specific partnerships to tweaking pricing strategies. What to Watch Today 🔍 Thin Trading Volume Today will be a short day, sandwiched between a holiday and the weekend, so I’m expecting thin trading volume in the trading session. It could be a recipe for some unexpected price moves and volatility. Be careful about holding positions through to the weekend because there could be a lot of movement in the after hours. Featured Earnings 💲 - None Economy 🏗 - S&P Flash U.S. Svc. & Mfg. PMI (Nov) … 9:45a Running Hot 🔥 Gainers - BioNexus Green Lab [BGLC] >> +83.4% - Telesis Bio [TBIO] >> +30.3% - Bruush Oral Care [BRSH] >> +21.6% Decliners - Impel Neuropharma [IMPL] >> (28.0%) - ATIF Holdings [ATIF] >> (21.1%) - Cuentas [CUEN] >> (10.1%) iRobot [IRBT] - Last Close: $29.82 Market chatter is rallying shares of iRobot. The vacuum robot-maker is soaring on rumors that European Union regualtors will approve Amazon’s [AMZN] proposed acquisition of the company. Reuters broke the story in a report this morning, citing unnamed sources who claim that Amazon will receive unconditional EU approval for the $1.4 billion deal. The EU has declined to respond to requests for comments, but the market is running with the news. IRBT is one of this morning’s top premarket movers with a 27.9% gain. My Take: IRBT is down big this year, so there could be significant upside if it can get back on the right track. I haven’t seen the terms of the acquisition deal either, but, you should definitely factor them into your strategy if you want to trade this one. MMTEC [MTC] - Last Close: $0.9802 MMTEC is getting a boost from its recent earnings report. The Chinese software firm reported its fiscal 1H 2023 results after Wednesday’s close, and the results marked a substantial improvement from last year. MMTEC reported an operating loss of $(0.30) per share in the first half of the year, down from from $(0.92) per share a year earlier. However, the real standout was the $2.86 million top-line revenue figure, which was up 289% from 1H 2022, when the company made just $733K. MTC is up 29.5% in early trading, and it’s one of this morning’s most active gainers. My Take: MTC’s revenue growth was very impressive, but you should have a strong tolerance for volatility and risk if you’re thinking about holding onto it for a while. iClick Interactive [ICLK] - Last Close: $3.00 iClick Interactive is another China stock making a big move today. The Hong Kong marketing firm announced its entrance into a definitive merger agreement with TSH Investment Holding that will make it a private company. Under the terms of the deal, American depository shares would convert into the right to receive US$4.08 per share, marking a 36% premium to its recent close. The board has unanimously approved the deal, and the merger is expected to close in Q1 2024. Shares of ICLK are up 27.3% on the news. My Take: ICLK are trading at $3.82 at the time I’m writing this, so there’s still some upside between its current bid at the $4.08 acquisition. However, it’s a tight margin, and the potential risks might outweigh the potential rewards. FLJ Group [FLJ] - Last Close: $0.1081 FLJ Group is making a big move after announcing a new acquisition deal. This morning, the Chinese tech firm said it agreed to acquire Alpha Mind Technology for $180 million cash. The deal is expected to close within 120 days. Upon closing, Alpha Mind will become a wholly-owned subsidiary of FLJ Group. FLJ is skyrocketing on the news. Shares are up 173.0%, and it’s this morning’s most active stock. My Take: I have a hard time believing FLJ will be able to hold onto its 173% gain through the close, and an even harder time believing it won’t be down significantly by Monday’s premarket. Be careful, or you could 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 Text ELITE to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! 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. I may earn a small commission from links placed inside these emails. 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