4 Red-hot stocks to watch today🔥

Stocks are looking to continue their hot streak after a rebound rally on Wednesday.                                                                                                                                                                                                                                                                                                                                                                                                                 February 16, 2024 | [Read Online]( Chris Dinello February 16, 2024 Good Morning! It's Chris from Elite Trade Club, here to give you this morning's premarket trading news. The stock market will be closed on Monday, February 19th for George Washington’s birthday, aka President’s Day, so I’ll be back on Tuesday with more hot stocks. Enjoy the long weekend! 🇺🇸 Let's get ready to trade! Markets 📈 Stocks continued their rebound rally on Thursday and recaptured more ground lost in Tuesday’s sell off. The small-cap Russell 2K led with a two-point rally. - Dow [+0.9%] - S&P 500 [+0.5%] - Nasdaq [+0.3%] - Russell 2K [+2.4%] S&P 500 futures contracts are up 0.1% in early premarket trading. What to Watch Today: It’s a surprisingly busy day for earnings and economy, and the bulls are pushing to extend the rally into the weekend. This morning’s docket of data drops could set the mood for the session. [How to Trade Earnings Announcements Like the Pros]( (ad) Earnings Season is the best time of year to trade. That's because traders love to trade on earnings announcements, as they tend to result in short-term trades. Plus, Earnings Season trades are virtually immune from overall market volatility. But, there are 3 critical strategies you need to know if you're to trade Earnings Announcements like a pro. [Get The Ultimate Earnings Strategy Guide on the NEXT PAGE »]( » Want an Ad-Free Experience? [Upgrade Now!]( Premarket Highlights 🔎 📉 Friday Focus: Economic Indicators on the Radar Today, the spotlight turns back to inflation, with the producer price index (PPI) taking center stage. This follows the consumer price index's unexpected jump earlier this week, sparking fresh concerns over inflation's stubborn persistence. 📊 PPI Hopes Set for release at 8:30 a.m. ET, the PPI is anticipated to inch up just slightly for January, offering a glimmer of hope. 🏡 Housing Market Alongside the PPI, we're also eyeing housing starts and building permits for January, expected at the same time. These figures could provide further insight into the housing market's trajectory amidst fluctuating interest rates. 👀 Retail Rundown Rounding out today's economic news, the University of Michigan's preliminary consumer sentiment index for February is on deck for 10 a.m. This follows a dip in retail sales by 0.8% in January, a steeper fall than the 0.3% economists had forecasted, hinting at consumer caution amid economic uncertainty. 🔍 A Look Back Yesterday’s retail sales report showed stores took a hit in January, sliding 0.8%, and December's figures were also adjusted downwards. Meanwhile, jobless claims offered a silver lining, dropping to a one-month low of 212,000, signaling resilience in the job market despite broader economic headwinds. Featured Earnings 💰️ - Vulcan Materials Company [VMC] ...AM - PPL [PPL] ... AM - Liberty Broadband [LBRDA] ... AM - Healthcare Realty Trust [HR] ... AM - DT Midstream [DTM] ... AM - Balchem [BCPC] ... AM - Portland General Electric [POR] ... AM - US Cellular [USM] ... AM - Arbor Realty Trust [ABR] ... AM - TreeHouse Foods [THS] ... AM Economy 🏗 - Housing starts [Jan] ... 8:30a - Building permits [Jan] ... 8:30a - Producer price index [Jan] ... 8:30a - Consumer sentiment (prelim) [Feb] ... 10:00a Running Hot 🔥 Gainers - Pop Culture Grp. [CPOP] >> +372.9% - Ambow Education [AMBO] >> +179.2% - Boqil Holdings [BQ] >> +55.3% Decliners - Lakeshore Acquistion [LBBBBU] >> (29.0%) - Trupanion [TRUP] >> (22.6%) - Servotronics [SVT] >> (20.0%) Applied Material [AMAT] - Last Close: $187.66 The large-cap chipmaker equipment & services firm just posted stronger-than-expected results on its Q1 earnings report. Applied Materials generated EPS of $2.13 per share on revenues of $6.71 billion, beating the Street’s consensus on both fronts. The company also published Q2 guidance that outpaced analysts’ expectations. AMAT is leading the S&P 500 with an 11.1% gain on more than 250K shares traded. My Take: AMAT is up 24.0% over the past 30 days, as of Thursday’s close. but its P/E is still pretty low at just 22.07, so this rally could have more gas left in its tank. Sarepta Therapeutics [SRPT] - Last Close: $124.89 Mid-cap Pharma firm Sarepta Therapeutics announced the FDA will forego a meeting of its advisors and proceed with a priority review for Elevidys. The drug candidate is being considered as a potential treatment for Duchenne muscular dystrophy, a muscle-wasting disorder. SRPT is up 13.7% in the premarket on the news, with more than 150K shares traded so far. My Take: SRPT just recovered from a big sell off, and this catalyst could help it extend its positive trend to new heights. Fusion Fuel Green [HTOO] - Last Close: $1.20 The European Commission has granted its full approval to Fusion Fuel’s HEVO-Portugal project under the bloc’s IPCEI Hy2Infra program. Fusion Fuel said the approval clears it to begin funding negotiations with relevant government stakeholders. HTOO is up 220.6% on more than 37 million shares traded. My Take: HTOO is enjoying a big boost on this news, but holding out for a pullback could be a wise move. Intuitive Machines [LUNR] - Last Close: $6.70 The space company is rocketing higher after reporting its IM-1 mission Nova-C class lunar lander successfully launched of a Space X Falcon 9 rocket. The lunar lander achieved a stable attitude, solar charging, and radio communications contact with LUNR’s mission operations center in Houston. The successful launch comes one day after the previous launch-attempt was called off less than two hours before the scheduled liftoff on Wednesday. LUNR is up 19.4% in the premarket, after rallying 34.5% on Thursday, and nearly 2 million shares have changed hands in pre-bell trading. My Take: I’m getting bullish on LUNR. If it successfully lands on the moon, it could see a big pop. I’ll be following this one closely. 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 Insider NOW to access to this report! [Get Instant Access Here]( [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. 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