Futures heat up after yesterday's sell off 🔥

Here are the top gainers from today's premarket...                                                                                                                                                                                                                                                                                                                                                                                                                 December 21, 2023 | [Read Online]( Chris Dinello December 21, 2023 Good Morning! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Now, let's get ready to trade! Markets 📈 U.S. indexes officially snapped their hot streak on Wednesday, as the stock market suffered broad, across-the-board losses. - S&P 500 [-1.4%] - Dow [-1.2%] - Nasdaq [-1.5%] - Russell 2K [-1.8%] However, futures are pointing to a possible rebound at today’s open. S&P 500 contracts are currently showing a 0.5% gain in early trading. Sponsored [Cancer Breakthrough Could Skyrocket this Biotech Stock]( Discover a revolutionary shift in medical innovation and an opportunity to be part of a brighter, more convenient, and patient-centric future in cancer treatment. Get the details now and see why this company’s latest breakthrough could deliver massive windfalls for early movers. [Get all the Details on the Next Page >>]( Premarket Highlights 🔎 🛴Turbulent Times for Electric Scooter Stocks Bird Global (BRDS), a leading name in renting e-scooters and e-bikes, filed for bankruptcy protection early Wednesday. After going public in late 2021 through a SPAC merger at a valuation of $2.3 billion, Bird's stock has been on a steep decline, failing to convince investors of its profitability roadmap. 📉 A Rocky Road: Founder Travis VanderZanden, who previously held executive roles at Lyft and Uber, stepped down in June. Bird was delisted from the New York Stock Exchange in September due to its inability to maintain the required market value, even as it acquired a smaller competitor. The company reported increasing losses for the third quarter. Despite the bankruptcy filing, Bird plans to continue operations while restructuring its finances. 🚲 Sector-Wide Struggles: - Micromobility.com (MCOM) Facing Delisting: Formerly known as Helbiz, Micromobility.com has been asked by Nasdaq to delist its shares, which have been trading below $1, among other rule violations. It also entered the public market through a SPAC deal in 2021. - Tier's Staff Cuts: Tier, Europe’s largest micromobility firm and privately-owned, announced a 22% reduction in staff after a challenging year. The struggles of Bird Global and other players in the micromobility sector underscore the challenges facing the industry, particularly in a financial climate marked by higher interest rates and investor skepticism towards startups without clear profitability paths. What to Watch Today 👀 Earnings We have some notable earnings reports dropping today, although some of the biggest names won’t hit until after the closing bell. In the premarket, keep an eye on Cintas, Paychex, and CarMax, as each of these reports could provide valuable insights into crucial areas of the U.S. economy. Also today, the weekly jobless claims report will provide some useful insights into the state of the labor market. Featured Earnings 💲 - Cintas [CTAS] ... AM - Paychex [PAYX] ... AM - Carnival [CCL] ... AM - CarMax [KMX] ... AM - Apogee Enterprises [APOG] ... AM - Nike [NKE] ... PM - AAR Corp [AIR] ... PM - Mission Produce [AVO] ... PM - Limoneira [LMNR] ... PM - Cemtrex [CETX] ... PM Economy 🏗 - Initial jobless claims [Dec.6] ... 8:30a - GDP (revision) [Q3] ... 8:30am - Philadelphia Fed manufacturing survey [Dec] ... 8:30a - U.S. leading economic indicators [Nov] ... 10:00a Running Hot 🔥 Gainers - Smart For Life [SMFL] >> +220.0% - ParaZero [PRZO] >> +43.0% - Shengfeng Development [SFWL] >> +38.0% Decliners - PolishedCom [POL] >> (35.0%) - Clene [CLNN] >> (33.6%) - Nogin [NOGN] >> (30.7%) Micron [MU] - Last Close: $78.69 Late Wednesday, the U.S. chipmaking giant posted strong fiscal Q1 earnings and predicted a strong recovery in the market for memory and flash storage in 2024. Micron reported a fiscal Q1 non-GAAP loss of $(0.95) per share, compared to just $(0.04) a year earlier, but beat the consensus estimate of $(1.01) per share loss. Revenues jumped 15% YoY to $4.73 billion in the quarter, also topping the Street’s $4.63 billion consensus. The upbeat earnings report and the company’s bullish outlook for the memory market several upgrades from analysts. MU is one of the morning’s top stocks with a 7.6% gain with over 1 million shares traded in today’s premarket. My Take: It looks like MU has convinced the market that its turnaround is in progress. The company is currently riding a steep up-trend, and this catalyst could help it extend its rally. Infrared Cameras [MSAI] - Last Close: $2.62 The newly-listed company is rebounding from a steep sell-off that followed its SPAC merger with SportsMap Tech Acquisition Corp earlier this week. Shares of MSAI fell 61.5% in their first day of trading on Wednesday, and the stock is down 76.1% over the past five days. However, the post-merger sell-off may have been overdone because the stock is correcting in dramatic fashion in today’s premarket. Shares of MSAI are up 139.3% on over 2.1 million shares traded. My Take: It seems virtually every SPAC stock suffers a steep sell off after its public market debut these days, but sometimes the selling gets carried away. This could be the situation MSAI finds itself in today. Annexon [ANNX] - Last Close: $2.88 New Phase 1 results for ANX1502 oral small molecule inhibitor showed the drug compound was well tolerated and achieved its target drug levels. Annexon said it plans to advanced a table formulation of the drug to a proof of concept study in patients with Cold Agglutinin Disease in 2024. Alongside the drug announcement, Annexon also announced a the pricing of a $125 million public offering of its common stock. Bank of America and Merrill Lynch upgraded their rating on ANNX to “buy” in response to the announcements. ANNX us up 32.6%, and nearly 3 million shares have passed hands in today’s premarket. My Take: ANNX has a good-looking chart, and there’s a lot of upside between its current price point and its last 52-week highe. HOOKIPA Pharma [HOOK] - Last Close: $0.5650 This micro-cap biotech stock is soaring after landing a $21.25 million equity investment from pharma giant Gilead Sciences [GILD]. Altogether, Gilead purchased 15 million shares of common stock at a price of roughly $1.4167 per share. Under the terms of the deal, HOOKIPA has the option to sell another $8.75 million worth of common stock to Gilead in future equity raises. The transaction closed on Dec. 20th, and HOOKIPA is getting a big boost in today’s premarket after breaking the news. HOOK is one of this morning’s top stocks with a 123.0% gain on 17.3 million shares traded. My Take: GILD has been on a shopping spree lately, but a Big Pharma investment could be a breakthrough moment for HOOK. This tiny biotech could be worth adding to your watchlist. 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. 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