Stock slide could continue today 📈

Futures are down in early trading, as the poor reaction from Friday's jobs report continues to weigh on sentiment.                                                                                                                                                                                                                                                                                                                                                                                                                 March 11, 2024 | [Read Online]( 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 stumbled into the weekend after closing Friday with moderate losses. The Nasdaq was the leading loser with a 1.1% loss. - Dow [-0.1%] - S&P 500 [-0.6%] - Nasdaq [-1.1%] - Russell 2K [-0.1%] Futures are pointing to another down open today. Dow and S&P 500 contracts are showing 0.4% losses in early trading. What to Watch Today: It’s set to be a quiet session, with no major earnings reports or economic data scheduled for release before or during the trading session. However, the market ended last week with a sour reaction to the February jobs report, so I’ll be watching whether the trend continues into the new trading week. [Is Crypto the Most Predictable Asset in the World?]( Sounds crazy, right? Not if you study the three crypto bull markets we've seen so far... One man is predicting the FOURTH crypto bull market is set to kick off just two months from now, on April 22, 2024. This is YOUR unique opportunity to learn about what's happening NOW. If you want a chance to get in on what's shaping up to be the greatest bull market in crypto history... [Click here now to get all the details.]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Premarket Highlights 🔎 🎶 Investing in Hits: Beyoncé and Swift Edition The latest trend in the music industry is more financial than melodic. A new startup has bridged the gap between chart-topping music and investment opportunities, allowing fans and investors alike to buy into the royalty streams of songs by icons like Beyoncé, Taylor Swift, and OneRepublic. This innovative approach aims to democratize music investing, making it accessible to anyone interested in owning a piece of their favorite hits. 🎵 A New Tune in Investing JKBX, aptly pronounced like “jukebox,” has launched a marketplace buoyed by approval from the Securities and Exchange Commission. This platform invites individual investors to buy shares in the income generated by a wide range of songs, essentially offering bonds powered by musical royalties. It's an investment opportunity that combines the allure of popular music with the pragmatism of financial growth. 🌟 Star-Studded Portfolio The offerings on JKBX's platform include tracks that have defined a generation, such as Beyoncé's “Halo” and Adele’s “Rumour Has It.” The roster of artists whose works are featured extends to U2, Stevie Wonder, and Major Lazer, providing a diverse selection for potential investors. Much of this music comes from the catalog of Ryan Tedder, a pop producer who sold his hits in 2021, allowing investors access to the royalties of some of the most beloved songs of the past decades. ✍️ Rights and Royalties In an interesting twist, some tracks, like Taylor Swift’s “Welcome to New York,” co-written by Tedder and Swift, highlight the nuanced world of music rights. Tedder has sold his royalty rights to investors, while the performers, in this case, Swift, retain theirs. This arrangement showcases the complex layers of music ownership and investing, opening up new avenues for fans to connect with the art and artists they love. JKBX's initial offering represents a harmonious blend of finance and melody, charting a new course for music enthusiasts and investors alike. Featured Earnings 💰️ - Legend Biotech [LEGN] ... AM - Fortrea Holdings [FTRE] ... AM - Oracle [ORCL] ... PM - Casey's General Stores [CASY] ... PM - Vail Resorts [MTN] ... PM - Asana [ASAN] ... PM - Net Power [NPWR] ... PM - Ocular Therapeutix [OCUL] ... PM - Yalla Group [YALA] ... PM - Mission Produce [AVO] ... PM Economy 🏗 - None. Running Hot 🔥 Gainers - TC BioPharm [TCBP] >> +45.2% - Unusual Machines [UMAC] >> +32.7% - Lakeland Bancorp [LBAI] >> +22.1% Decliners - Lucas GC [LGCL0] >> (28.2%) - American Strategic [NYC] >> (26.3%) - Lytus Technologies [LYT] >> (19.2%) Starrett Ls [SCX] - Last Close: $9.92 This Precision engineering machinery firm has agreed to a ‘take-private’ merger deal with Middleground Capital for $16.19 per share. The deal represents a 63% premium to SCX’s Friday closing bid, and the transaction is expected to close in mid-2024. After closing, shares of SCX will no longer be listed on public markets. SCX is up 57.3% on roughly half-a-million shares traded. My Take: SCX got a nice pop from this news, but, if you’re not already in position, you probable missed the boat. Auddia [AUUD] - Last Close: $3.07 AI audio & podcast firm Audi is surging after withdrawing from an S-1 registration statement last Thursday. The offering was intended to finance a LOI to acquire Radio FM, but Auddia said it’s putting the deal on ice for the moment. Instead, it plans to pursue acquisitions of two AM/FM streaming radio targets that the company described as “more favorably priced.” A purchase agreement for target #2 is expected to be signed in Q2. AUUD is a top mover with a 30.1% gain on roughly 3 million shares traded. My Take: AUUD is having a delayed reaction last week’s S-1 withdrawal, but there could be short squeeze elements fueling the move. The stock had a 12.89% short percentage as of Feb. 15th. Fangdd [DUO] - Last Close: $0.6049 China-based Fangdd Group is surging after unveiling a new 2024 strategic layout in Friday’s after-market. In the release, the company announced its intentions to enter the real estate stock asset services sector due to changing market conditions. The report named 2024 two priorities: 1. “Improving asset revitalization capabilities by establishing the operational and technological services required for real estate stock assets 2. “Increasing service asset projects by seizing potential opportunities of stock assets mainly in the areas of apartments, commercial properties and industries.” DUO is up 104.9% on roughly 12 million shares traded. My Take: DUO’s rally seems a little overdone, but I think the market is relieved the company has a plan to deal with the destructive market trends that have already undone several enormous Chinese property developers. Kidpik [PIK] - Last Close: $2.70 Tiny eCommerce outfit Kidpik is surging after implementing a 1-for-7 reverse stock split on Thursday. Shares are exploding in today’s premarket, but there has been no news relating to the company over the past few days. PIK is a top mover with a 281.5% gain on over 7 million shares traded. My Take: PIK has a modest short ratio, so this isn’t a short squeeze. But, there’s no news either, so I can’t say what’s causing this rally. It could be a good ‘ole fashioned P&D so tread lightly. 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. 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