Futures mixed in early trading 🎢

Today's top mover is up by more than 150%, but futures are holding close to flat in early trading....                                                                                                                                                                                                                                                                                                                                                                                                                 January 29, 2024 | [Read Online]( Chris Dinello January 29, 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 📈 The market closed out last week with mixed results, but all major indexes closed within a half-point of where they started. - S&P 500 [<0.1%] - Dow [+0.6%] - Nasdaq [-0.3%] - Russell 2K [+0.1%] Futures are hovering near flat in early trading. S&P 500 contracts are currently up by less than 0.1%. [Hedge Funds are Devouring These Stocks]( Which stocks are major institutional investors, including hedge funds, buying now? Find out with MarketBeat's list of 13 stocks Institutional investors are up as quickly as they can. [Get it FREE on the Next Page »]( Premarket Highlights 🔎 🏗️ End of an Era: Evergrande Liquidation Ordered A Hong Kong court has ordered the liquidation of China Evergrande Group, a dramatic end to the saga of the company that was once China's real estate heavyweight. ⏰ Last Ditch Efforts: Despite frantic last-minute negotiations, creditors and Evergrande couldn't reach an accord, leading to the court's decisive action. 👩‍⚖️ The Verdict: Judge Linda Chan expressed a firm stance, noting Evergrande’s missed opportunities and unfulfilled promises from the December adjournment. 🔄 Pleas for Time: Evergrande’s lawyers argued for delay, citing potential losses in offshore asset value, but the judge sided with creditors, who accused the company of insincere negotiations. 💥 Real-Estate Impact: The liquidation is likely to have significant ripple effects in China’s real estate market, a sector already rocked by numerous developer collapses and market corrections. Featured Earnings 💲 - Coda Octopus Group [CODA] ... AM - Provident Financial Holdings [PROV] ... AM - SoFi [SOFI] ... AM - Alliance Resource Partners, L.P [ARLP] ... AM - Franklin Resources [BEN] ... AM - Bank Of Marin [BMRC] ... AM - Dynex Capital [DX] ... AM - Bank7 [BSVN] ... AM - Pacific Premier [PPBI] ... AM - Crane Co. [CR] ... PM Economy 🏗 - None scheduled Running Hot 🔥 Gainers - TuanChe ADR [TC] >> +29.2% - NovaBay [NBY] >> + 33.5% - Hub Cyber Security [HUBC] >> +26.1% Decliners - Panbela Therapeutics [PBLA] >> (63.2%) - Security Matters [SMX] >> (21.5%) - Corbus Pharma [CRBP] >> (20.4%) Revelation Biosciences [REVB] - Last Close: $9.87 This biotech stock is rebounding sharply after experiencing significant volatility last week following its implementation of a 1-for-30 reverse stock split. Revelation made the move to comply with Nasdaq’s minimum bid price requirement, but the stock fluctuated wildly after it was announced. REVB is up 64.8% on nearly a million shares traded in the premarket, and it’s seen notable spikes in trading volume over the past four trading sessions. My Take: Don’t be fooled by the higher share price, REVB is a micro-float stock with a market cap of only $2 million. Buckle up if you’re gonna chase this one because it could be a wild ride. Spectral AI [MDAI] - Last Close: $2.71 Shares of MDAI are extending their Friday gains with another big rally in today’s premarket. Last week, BTIG initiated Spectral AI as a “buy” with a $4 price target, and the company filed for a registered offering of over 4 million shares. MDAI began to sell-off after the offering announcement, but shares rebounded to a 35.5% gain on Friday. Today, MDAI is up 24.7% on 2.3 million shares traded. My Take: Technicals appear to be driving MDAI’s rally, as there’s no obvious news catalyst to explain this move. The $3 mark could prove to be a crucial support level for this stock if it holds onto its gains. OneMedNet [ONMD] - Last Close: $0.5108 Healthcare tech stock OneMedNet is leading the premarket after announcing its participation at the 15th annual SCOPE Summit next month. SCOPE, or the Summit for Clinical Ops Executives, will be held Feb. 11th through 14th in Orlando, FL. OneMedNet said its presentation at the summit will focus on generating & leveraging real-world data for clinical and observational research. ONMD is up 158.4% on more than 16.5 million shares traded. My Take: As of Friday’s close, ONMD is up 16.0% over the past five days, and it’s been trending higher since bottoming at 42-cents last week. Connexa Sports [CNXA] - Last Close: $0.1545 This sporting goods firm is reversing course this morning after posting losses in every trading session last week. On Jan. 24th, Connexa announced new securities purchase agreements with accredited investors that totaled 2.3 million shares of stock and warrants. However, the news didn’t appear to have a significant impact on the stock, and shares continued to edge lower to close out the week. CNXA is one of this morning’s top stocks, with a 56.4% gain on upwards of 22 million shares traded. My Take: CNXA has a microscopic micro-cap of about $530K, and there’s no news to support this move, so there’s a chance this could be a pump & dump. Be careful. 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. 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