Rally rolls on in U.S. stocks 🔥

Stocks are on pace to continue their hot streak in Friday's trading session...                                                                                                                                                                                                                                                                                                                                                                                                                 December 15, 2023 | [Read Online]( Chris Dinello December 15, 2023 Good Morning! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Just a heads up, Adam is traveling for the holidays, so there will be NO Closing Bell Roundup today. Happy Friday! I hope you have a great weekend. Now, let's get ready to trade! Markets 📈 Stocks notched broad gains on Wednesday, following dovish comments from Federal Reserve Chairman Jerome Powell at his post-meeting press conference. - S&P 500 [+0.2%] - Dow [+0.4%] - Nasdaq [+0.1%] - Russell 2K [+2.7%] Equities are on pace to extend their win streak in today’s trading session, with S&P 500 futures currently showing a 0.2%. gain. Sponsored [A Cancer Stock with MASSIVE Potential]( A revolutionary shift in medical innovation and could skyrocket this overlooked biotech stock. It could deliver the next-generation of cancer treatments and drive massive windfalls for shareholders. [ADD THIS STOCK TO YOUR WATCHLIST!]( Premarket Highlights 🔎 📈 Put These Stocks on Your Radar Today It’s a pretty quiet premarket, with relatively thin trading volume, but these stocks could see a lot of trading action today: 📈 Costco Climbs: Post-earnings bliss for Costco Wholesale [COST] as it reports earnings surpassing Wall Street's expectations, coupled with a special cash dividend announcement. This good news nudged shares up in offhours trading. 📉 Lennar's Margin Woes: Homebuilder Lennar's [LEN] earnings reveal a narrower gross margin than analysts anticipated, leading to a dip in its shares during offhours trading. 🌞 Solar Stocks Soaring: Enphase Energy [ENPH] and SunRun [SUN] are riding the premarket wave higher, buoyed by the Fed's hints at upcoming rate cuts. SunRun, in particular, has seen an impressive near 40% jump this week alone. 📚 Scholastic's Struggles: Not all stories are happy ones, as Scholastic's [SCHL] shares took a hit in offhours trading. The educational publisher is grappling with reduced revenue during the crucial back-to-school season and has lowered its full-year guidance. 🍷 Campari's Cognac Conundrum: Davide Campari-Milano's [DVCMY] plan to acquire the Courvoisier brand from Beam Suntory for $1.2 billion hasn't stirred investor excitement. Instead, shares experienced a downturn in Milan. 🥘 Darden on the Radar: Keep an eye on Darden Restaurants [DRI], the culinary empire behind Olive Garden and Longhorn Steakhouse. They're on deck to report earnings on Friday, making them a focal point for investors. What to Watch Today 👀 The Rally Continues Stocks have been a on a hot streak the past couple of weeks, but how log can this bull market run? So far, it looks like the sky is the limit. Unbelievably, the Dow is sitting at an all-time high, despite historically high interest rates, a tight labor market, and widespread geopolitical uncertainty. The 2024 soft landing trade is getting crowded, so there could be a severe correction if investors’ expectations aren’t met. Personally, I think the market is a “buy” at the moment, considering the Fed’s softening interest rate stance, but it’s anyone’s guess how long the good vibes will last. Featured Earnings 💲 - Darden Restaurants [DRI] ... AM - Red Cat Holdings [RCAT] ... PM Economy 🏗 - Empire State manufacturing survey [Dec] ... 8:30a - Industrial production [Nov] ... 9:15a - Capacity utilization [Nov] ... 9:15a Running Hot 🔥 Gainers - Hongli Group [HLP] >> +33.3% - Brilliant Acquisition [BRLI] >> +32.8% - Near Intelligence [NIR] >> +34.0% Decliners - Aadi Bio [AADI] >> (54.7%) - Inno Holdings [INHD] >> (48.8%) - Mangoceuticals [MGRX] >> (42.2%) NCS Multistage [NCSM] - Last Close: $13.99 The tiny energy services stock is getting a boost after settling a long-standing legal dispute with Boyd & McWilliams with no cash payment. NCS Multistage announced the settlement of the 2019 property damage claim after Thursday’s close. Under the agreement, the insurance carrier paid out on the settlement to the plaintiff, and NCS Multistage didn’t have to make any payments. NCS Multistage said it had a provision of $40.8 million for litigation that it expects to fully offset this quarter. NCSM is up 34.0% in early trading. My Take: NCSM has been building momentum as of late, and it’s possible that this catalyst could mark the start of a prolonged positive trend. Aurora Technology SPAC [ATAK] - Last Close: $10.51 Uncertainty regarding the SPAC’s ability to land a quality merger is shaking up shares in early premarket trading. Last week, the company made a cash payment to extend its merger deadline from Dec. 9th to Jan. 9th, 2024. Then, just a couple of days ago, Glazer Capital revealed a 5.35% stake in Aurora Technology in a Form SC 13G/A filing. Shares have been trading wildly in the few days since the Glazer position was revealed, and ATAK is aggressively rebounding in today’s premarket. ATAK is up 51.5% and ATAKU warrants are up 91.7%. My Take: I’m not sure what’s driving ATAK’s move, but it’s one of today’s most notable premarket moves, so I thought it was worth mentioning. Trading volume is pretty thin though, so be careful with this one. Getaround [GETR] - Last Close: $0.1650 The car sharing company reported its Q3 earnings after Thursday’s close, and the results were stronger than expected. Getaround reported $23.8 million in quarterly revenues, marking a 42% increase from the previous year, on and a GAAP net loss of $69 million. The company says it expects to post $200 million to $205 million i gross booking value by the end of the fiscal year. Wall Street estimates weren’t available for GETR’s numbers, but the market is reacting favorably to the news. GETR is one of today’s top stocks, with a 123.6% gain on 13.8 million shares traded. My Take: GETR has had a rough run this year, but, given the recent shift in investor sentiment, now could be its time to shine. We could see a positive trend develop if it can break through $0.20 per share. Bruush Oral Care [BRSH] - Last Close: $0.17 A newly announced merger deal with Arrive Technology is driving up shares of the electric toothbrush maker in today’s premarket. The deal will be facilitated through a stock swap, with Arrive shareholders ending up with 94.5% of BRSH shares upon closing. According to the Form 6-K filing, BRSH will also execute a reverse stock split with an exchange ratio ranging from 6-for-1 to 200-for-1. Upon closing, the company will change its name to Arrive Technology Inc. and will begin trading on Nasdaq under the ticker symbol ARRV. BRSH is up 97.0% on 51 million shares traded in today’s premarket. My Take: The market seems to love this move. I don’t know much about Arrive Technologies, but investors are rewarding BRSH for landing this deal. I guess a tech company is more exciting than a toothbrush company. That's it for today! Thanks for reading, and good luck out there! Best Regards, — Chris D. Elite Trade Club Join Elite Growth Stocks now for INSTANT-ACCESS to our highest-rated research report. [Get Instant Access Now]( 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. 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