Stocks Aim to Snap 2024 Losing Streak 📈

Futures are edging high in the premarket and stocks are looking for their first win of 2024....                                                                                                                                                                                                                                                                                                                                                                                                                 January 04, 2024 | [Read Online]( Chris Dinello January 04, 2024 Good Morning! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. Let's get ready to trade! Markets 📈 Stocks continued their downturn on Wednesday. Tech stocks and small-caps underperformed and dragged the Nasdaq and Russell 2K to steep losses. - S&P 500 [-0.8%] - Dow [-0.7%] - Nasdaq [-1.1%] - Russell 2K [-2.6%] Futures are clinging to thin gains, with S&P 500 contracts currently up by less than 0.1%. Dow contracts are faring slightly better with a 0.2% gain. [A $6 Trillion Trade?]( This Ex-Wall Street Insider Says: "America's First Cash Bubble Could Be Ready to Pop…" And, if he’s right, early movers could be in prime position to rack up massive gains from this single mover. [Get all the Details on the Next Page »]( Premarket Highlights 🔎 📉 Ford Slashes MSRP on F-150 Lightning Ford Motor Company [F] just announced a price cut on 2024 F-150 Lightning models, a move that highlights the headwinds facing EV producers in 2024. The entry-level Pro model will start at $54,995 and the high-end Platinum Black trim will go for $92,995. In 2023, model prices ranged from $49,995 to $97,995. 💸 Cutting the Cost of Luxury The Platinum and Platinum Black models, known for their advanced technologies and luxury features, have seen significant price reductions of $5,000 and $7,000, respectively. Ford hopes the move will help attract customers to the new vehicle, while maintaining acceptable profit margins. 📉 Production Cutbacks Ford’s strategy also includes cutting the planned production of the F-150 Lightning by about half for this year, a notable shift from its earlier expansion of production capacity in 2023. Despite this reduction, Ford emphasizes the continued growth in demand for the F-150 Lightning, which remains America's best-selling electric pickup. (Although I am not aware of any others with such mainstream visibility.) 📈 Sales & Tax Credits The F-150 Lightning has seen a steady rise in sales in 2023, with a record of approximately 4,400 sold in November. However, total sales for the year through November were only 20,365, a 54% increase from the previous year. Notably, the F-150 Lightning qualifies for a $7,500 federal tax credit under new, more stringent requirements effective from January 1, which could be a tailwind for the struggling electric pickup in 2024. What to Watch Today 👀 ADP Jobs Today’s ADP jobs report will shed some light on the state of the U.S. job market in the final month of 2023. With the prospect of rate cuts on the horizon, worse-than-expected job market metrics could actually give the market a boost this week. Pay close attention to this report because it will give you an idea of what to expect when the big dog BLS Jobs Report drops on Friday. Featured Earnings 💲 - Walgreens Boots Alliance [WBA] ... AM - Lamb Weston [LW] ... AM - Conagra Brands [CAG] ... AM - RPM International [RPM] ... AM - Simply Good Foods [SMPL] ... AM - Lindsay [LNN] ... AM - Schnitzer Steel Industries [RDUS] ... AM - Kura Sushi [KRUS] ... PM - Franklin Covey [FC] ... PM Economy 🏗 - ADP employment [Dec] ... 8:15a - Initial jobless claims [Dec.30] ... 8:30a - S&P final U.S. services PMI [Dec] ... 9:45a Running Hot 🔥 Gainers - ATIF Holdings [ATIF] >> +33.6% - Smart For Life [SMFL] >> +19.6% - Kintara Therapeutics [KTRA] >> +11.0% Decliners - Sellas Life Sciences [SLS] >> (32.2%) - Mobileye Global [MBLY] >> (30.2%) - Opko Health [OPK] >> (17.3%) Omega Therapeutics [OMGA] - Last Close: $2.73 The red-hot firm behind blockbuster weight loss drug Wegovy, Novo Nordisk, just announced a research collaboration with this tiny biotech firm. Novo Nordisk said it entered into research partnerships with both Omega Therapeutics and privately-held Cellarity Inc. Under the terms of the two separate deals, Novo will reimburse R&D costs, and each contract could pay out as much as $532 million. OMGA is up 95.9% on more than 10 million shares traded. My Take: Investors are dying to get a piece of the weight loss drug market, and OMGA just became an investment option for the public. This move could turn into a long uptrend if investor demand remains high. Minim [MINM] - Last Close: $1.71 Recent regulatory filings show the “Smart Money” is moving into this internet hardware company. A Form SC 13D/A filing dated Jan. 2nd showed private investor Jeremy Hitchcock has amassed a 55.2% stake in the company. The news was greeted with a 10% sell-off on Wednesday, but the move is reversing course in today’s pre-bell session. MINM is this morning’s top stock, with a 199.4% gain on nearly 8 million shares traded in the premarket.. My Take: MINM’s move doesn’t seem to have an obvious catalyst. Watch out for another WSB-style pump and dump. Rapid Micro Biosystems [RPID] - Last Close: $0.90 Samsung’s Biologics unit has tapped this overlooked life science company to as its primary supplier of critical microbiology quality control testing. The tech giant said Rapid Micro’s Growth Direct platform will provide “increased efficiency, more robust data integrity and scalable quality control operations.” Financial terms of the deal weren’t disclosed. RPID is a hot mover with a 23.3% gain on almost 4 million shares traded. My Take: This deal could hold tremendous promise for RPID. Plus, it could open the door for similar deals with other big companies. Jeff Brands [JFBR] - Last Close: $0.1407 This tiny eCommerce stock is breaking out in the premarket despite lacking an obviously discernible catalyst. Jeff Brands’ last press release dropped on Dec. 20th, and it announced the company’s investment into remote wireless power transmission technology. Shares have performed poorly since the announcement. JFBR has fallen by 12.5% over the past 10 days, but shares are rebounding today. JFBR is a top mover with a 31.4% gain, and it’s one of this morning most active stocks, with nearly 3 million shares changing hands in the premarket. My Take: JFBR is a very small float stock, and it had a 4.1% short rate before the Dec. 20th announcement. Today’s rebound rally appears to be the result of an overextended pullback. 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. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America