4 Red-hot stocks to watch today🔥

Stocks are looking to continue their hot streak after a rebound rally on Wednesday.                                                                                                                                                                                                                                                                                                                                                                                                                 February 15, 2024 | [Read Online]( Chris Dinello February 15, 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 notched sharp gains a day after unexpectedly hot January CPI inflation sparked a broad sell off. The Nasdaq and Russell 2K outperformed. - Dow [+0.4%] - S&P 500 [+0.9%] - Nasdaq [+1.3%] - Russell 2K [+2.4%] S&P 500 futures contracts are up 0.1% in early premarket trading. What to Watch Today: It's a busy day for economic data. We’ll get the latest figures on initial jobless claims, retail sales, industrial production, and more. There’s a few big names on the earnings docket, but I think the market will be more focused on today’s economic news. [He's Uncovered 41 Different 10X Winners, Now Get His Top 7 Picks for FREE]( (ad) Few people believed award-winning futurist Eric Fry a year ago, when he said tech was the place to be, and recommended some stocks that surged enough to become pillars of the so-called "magnificent Seven" market leaders. Now he's recommending seven new stocks for 2024 that he predicts will be the year's top performers. [Get FREE names, ticker symbols, and extensive briefings HERE.]( » Want an Ad-Free Experience? [Upgrade Now!]( Premarket Highlights 🔎 📉 Market Bounces Back After Inflation Jitters Wednesday brought a collective sigh of relief to Wall Street. The previous day's inflation figures had investors on edge, but comments from Chicago Fed's Austan Goolsbee offered a comforting perspective. He suggested that a little fluctuation in inflation rates wouldn't derail the Federal Reserve's journey back to its 2% inflation target. This hint at a flexible approach to inflation was all it took to soothe the market's frayed nerves. 🎵 Goolsbee Soothes Fears Goolsbee's remarks came as a balm to the markets, still smarting from Tuesday's higher-than-expected inflation report. The CPI had inched up to 3.1% year-on-year, overshooting the anticipated 2.9%. His reassurance that slightly higher inflation rates could still align with the Fed's objectives was exactly what investors needed to hear, shifting the mood from apprehension to optimism. 📈 Indexes Rebound Encouraged by Goolsbee's words, the major stock indexes dusted themselves off from the previous day's slide. The sudden rebound was a testament to the market's resilience and its responsiveness to the Fed's policy signals. Featured Earnings 💰️ - John Deere [DE] ... AM - Southern Company [SO] ... AM - West Pharmaceutical Services [WST] ... AM - Applied Materials [AMAT] ... PM - DoorDash [DASH] ... PM - Digital Realty [DLR] ... PM - Coinbase [COIN] ... PM - The Trade Desk [TTD] ... PM - Ingersoll Rand [IR] ... PM - Con Edison [ED] ... PM Economy 🏗 - Initial jobless claims [Feb.10] ... 8:30a - Empire State manufacturing survey [Feb] ... 8:30a - Philadelphia Fed manufacturing survey [Feb] ... 8:30a - Import price index [Jan] ... 8:30a - Import price index minus fuel [Jan] ... 8:30a - U.S. retail sales [Jan] ... 8:30a - Retail sales minus autos [Jan] ... 8:30a - Industrial production [Jan] ... 9:15a - Capacity utilization [Jan] ... 9:15a - Home builder confidence index [Feb] ... 10:00a - Fed Gov. Christopher Waller speaks ... 1:15p - Atlanta Fed President Raphael Bostic speaks ... 7:00p Premarket Highlights 🔎 📉 Market Bounces Back After Inflation Jitters Wednesday brought a collective sigh of relief to Wall Street. The previous day's inflation figures had investors on edge, but comments from Chicago Fed's Austan Goolsbee offered a comforting perspective. He suggested that a little fluctuation in inflation rates wouldn't derail the Federal Reserve's journey back to its 2% inflation target. This hint at a flexible approach to inflation was all it took to soothe the market's frayed nerves. 🎵 Goolsbee Soothes Fears Goolsbee's remarks came as a balm to the markets, still smarting from Tuesday's higher-than-expected inflation report. The CPI had inched up to 3.1% year-on-year, overshooting the anticipated 2.9%. His reassurance that slightly higher inflation rates could still align with the Fed's objectives was exactly what investors needed to hear, shifting the mood from apprehension to optimism. 📈 Indexes Rebound Encouraged by Goolsbee's words, the major stock indexes dusted themselves off from the previous day's slide. The sudden rebound was a testament to the market's resilience and its responsiveness to the Fed's policy signals. 🚀 Uber and Robinhood Lead the Charge Adding to the day's positive vibes were standout performances from Uber and Robinhood Markets. Uber surged over 14% following its announcement of $7 billion in share buybacks and new financial milestones, signaling a robust commitment to profitability and cash flow. Robinhood, on the other hand, boasted a net $1.3 billion in account transfers from other brokers in Q4, with projections already surpassing that in early 2024. These strong showings by prominent tech names not only lifted their stock prices but also contributed to the broader market's recovery.Featured Earnings 💰️ - John Deere [DE] ... AM - Southern Company [SO] ... AM - West Pharmaceutical Services [WST] ... AM - Applied Materials [AMAT] ... PM - DoorDash [DASH] ... PM - Digital Realty [DLR] ... PM - Coinbase [COIN] ... PM - The Trade Desk [TTD] ... PM - Ingersoll Rand [IR] ... PM - Con Edison [ED] ... PM Economy 🏗 - Initial jobless claims [Feb.10] ... 8:30a - Empire State manufacturing survey [Feb] ... 8:30a - Philadelphia Fed manufacturing survey [Feb] ... 8:30a - Import price index [Jan] ... 8:30a - Import price index minus fuel [Jan] ... 8:30a - U.S. retail sales [Jan] ... 8:30a - Retail sales minus autos [Jan] ... 8:30a - Industrial production [Jan] ... 9:15a - Capacity utilization [Jan] ... 9:15a - Home builder confidence index [Feb] ... 10:00a - Fed Gov. Christopher Waller speaks ... 1:15p - Atlanta Fed President Raphael Bostic speaks ... 7:00p Running Hot 🔥 Gainers - JX Luxventure [JXJT] >> +356.9% - Dunxin Financial [DXF] >> +190.3% - China Natural Resources [CHNR] >> +208.1% Decliners - Treasure Global [TGL] >> (39.4%) - Cineverse [CNVS] >> (31.0%) - Addentax [ATXG] >> (31.9%) SoundHound AI [SOUN] - Last Close: $2.25 This tiny AI software stock is soaring after Nvidia [NVDA] & BlackRock [BLK] disclosed ownership stakes in the company. Nvidia’s position includes 1.73 million shares, less than 1% of SOUN’s total float, while BlackRock reported a beefier 5.6% stake. SOUN is up 81.7% on more than 25 million shares traded in light of the institutional interest. My Take: When BlackRock and Nvidia are buying, it’s worth paying attention. This could be a buying opportunity. Nano-X Imaging [NNOX] - Last Close: $6.36 Nano-X is getting a boost from a recent FDA decision and disclosures of a new investment by Nvidia. On Tuesday, the FDA granted 501(k) clearance for Nano-X’s Nano AI deep-learning medical imaging analytics unit. The news must’ve drew the attention of Nvidia, who has acquired 59K shares of NNOX, equalling a tiny ownership stake of less than 1%. NNOX is up 46.3% on nearly 4 million shares traded. My Take: It look like Nvidia went on a shopping spree this week. They’re taking small positions, but it’s notable that the chip giant is interested in NNOX and other smaller stocks. Nouveau Monde Graphite [NMG] - Last Close: $2.08 Graphite producer Nouveau Monde is surging after securing hundreds of millions of dollars in binding off take agreements and equity investments. NMG secured private placement equity investments with Panasonic Energy and General Motors [GM] totaling $87.5 million and subscriptions for another $150 million. The equity investment deals also include major commitments for graphite purchases. NMG is a top mover with a 29.8% gain on nearly 3 million shares traded. My Take: Graphite isn’t the most exciting business, and NMG has gotten killed since debuting in late 2022. But, this news could be the catalyst it needs to get back on the right track, and it has price support at $2. U Power [UCAR] - Last Close: $0.0837 A regulatory filing published in Wednesday’s aftermarket revealed Chinese investor Jia Li has acquired 37.85 million shares of UCAR. According to the Schedule 13G filing, Li’s holdings are equivalent to a 19.79% ownership stake in U Power. UCAR is up 28.5% on more than 15 million shares traded in the premarket. My Take: UCAR has been very erratic lately, and its long-term trend line is ugly. I would be careful with this hot potato. 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. 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