Futures heat up ahead of Friday Finale 🔥

U.S. stocks are looking to extend yesterday's rally through today's session. Here are the top premarket stocks...                                                                                                                                                                                                                                                                                                                                                                                                                 January 19, 2024 | [Read Online]( Chris Dinello January 19, 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 notched their first win of the week on Thursday, with the Nasdaq leading the charge higher. - S&P 500 [+0.8%] - Dow [+0.5%] - Nasdaq [+1.3%] - Russell 2K [+0.5%] Futures are gaining in early trading, with S&P 500 contracts up about 0.4%. [Early Profit-Advantage on 40-cent Uranium Stock as Prices Soar]( Uranium just blew past 16-year highs above US$100 per pound. The stocks within it, particularly the small-caps, are heading to the stratosphere. Investors are lining up for the windfall of a lifetime. The last time we saw something like this, uranium prices roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains. Get ready to boost your portfolio in early 2024. [Get a Full Report on the Next Page »]( Premarket Highlights 🔎 🛑 WSJ: EU to Block Amazon-iRobot Deal iRobot [IRBT] is falling fast after an exclusive from the Wall Street Journal reported the European Union is poised to block Amazon.com's [AMZN] bid to acquire the company. 🔑 Key Details of the Market Movement - Stock Impact: IRBT fell 14.2% on Thursday, and it’s already down another 34.5% in the premarket. It’s currently on pace to set a new 52-week low at the open. - Historical Low: The consumer robotics stock hasn't seen a closure below $15 since April 2010, according to FactSet data. - Deal Overview: Amazon's 2022 agreement to acquire iRobot, best known for its Roomba vacuum robots, was valued at $61 per share, amounting to a total of $1.7 billion. The potential blockage of this significant deal by the European Commission signals regulatory challenges for big tech acquisitions, particularly in the evolving landscape of consumer electronics and smart home devices. What to Watch Today 👀 Friday Finish Stocks started the week on a down note, but yesterday’s performance could mark a turning point. Today’s session will likely indicate the prevailing mood among investors as we head deeper into the first month of the New Year. Featured Earnings 💲 - Schlumberger N.V. [SLB] ... AM - The Travelers Companies [TRV] ... AM - State Street [STT] ... AM - Fifth Third Bancorp [FITB] ... AM - Huntington Bancshares Incorporated [HBAN] ... AM - Regions Financial [RF] ... AM - Ally Financial [ALLY] ... AM - Comerica Incorporated [CMA] ... AM - World Acceptance [WRLD] ... AM Economy 🏗 - Consumer sentiment (prelim) [Jan] ... 10:00a - Existing home sales [Dec] ... 10:00a Running Hot 🔥 Gainers - HNR Acquistion [HNRA] >> +19.4% - TC BioPharm [TCBP] >> +12.8% - Vicinity Motor [VEV] >> +18.6% Decliners - iRobot Corp. [IRBT] >> (34.3%) - C3Is [CISS] >> (31.5%) - AST Spacemobile [ASTS] >> (21.8%) Spirit Airlines [SAVE] - Last Close: $5.70 The discount airliner suffered a steep selloff this week, but shares are rebounding in today’s premarket. Spirit’s downward spiral began after U.S. regulators successfully blocked its bid to acquire JetBlue Airways [JBLU]. Shares of SAVE are down 62.4% over the past five trading sessions, but the trend is quickly reversing course today. SAVE is a top mover with a 26.2% gain on 7 million shares traded. My Take: The SAVE sell-off appears to have been a tad overdone, and now we’re seeing a correction. This stock could prove to be a steal at this price point. Mesa Air Group [MESA] - Last Close: $0.6401 A new deal with United Airlines [UAL] is rallying shares of regional airline operator Mesa Air Group. According to a late Thursday press release, the deal gives Mesa access to improved operating and financing terms. Mesa said the deal will provide approximately $63.5 million in incremental revenue over the next 12 months. The company also issued an update on its efforts to sell excess CRJ-900 assets to reduce debt and bolster liquidity. MESA is up 65.6% on 5.7 million shares traded. My Take: MESA has been struggling since early December, but this new could help the stock get back on track. Processa Pharma [PCSA] - Last Close: $0.2030 Early this morning, this tiny pharma firm announced plans to expand development of its NFC-Cap compound into a breast cancer treatment. Processa said the expanded development will begin with its next Phase 2 trial of NFC-Cap in breast cancer patients. The company said it made the decision after extensive discussions with the FDA, who agreed an indication for breast cancer had better approval chances. PCSA is today’s most active premarket stock. It’s up 54.4% on more than 11.2 million shares traded. My Take: PCSA is down nearly 70% over the past month, and it was trading near a strong support level before this news. It could find support around 30-cents if it can hold onto its gains through the close. Treasure Group [TGL] - Last Close: $0.1030 A recent SEC disclosure revealed the Smart Money is taking a new interest in this small-float eCommerce stock. According to a newly published Form SC13G filing, VT Smart Venture SDN BHD acquired 10 million shares of TGL stock on Dec.19th, 2023. The fund’s holdings equal an 18.7% ownership stake in Treasure Group. TGL is one of the morning’s hottest stocks, with a 23.9% gain on more than 28 million shares traded. My Take: TGL has experienced a signifcant spike in trading volume over the past two days, so this rally could be worth keeping an eye on. 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]( Join Elite Growth Stocks for instant access to this report. [Get Instant Access Now]( [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