Friday's Top-4 Premarket Stocks 🔥

Futures are pointing lower in early trading.                                                                                                                                                                                                                                                                                                                                                                                                                 June 14, 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 📈 Stocks ended Thursday’s session close to where they began it. Large-caps closed within half a point of where they opened, while the Russ2K underperformed with steeper declines. - Dow [-0.1%] - S&P 500 [+0.2%] - Nasdaq [+0.3%] - Russell 2K [-0.8%] Index futures are down in early trading. S&P 500 contracts are currently showing a 0.4% decline. What to Watch Today: The final day of the trading week could be a crucial one for the market. Investor sentiment got a boost from the CPI report and Fed comments earlier in the week, but we’re already beginning to see the move run out of steam. Today’s session could set expectations for next week. [You're About to Miss Your Last Chance to Get Rich with Crypto💰]( Legendary crypto investor Charlie Shrem, who turned $5 into millions with bitcoin, has an urgent message for you. He predicts that the final crypto bull run is coming in 2024, and he's identified 5 tiny cryptos that could create generational wealth as $30 trillion floods the market. Some of these coins are trading for less than $1, giving you the opportunity to turn a small investment into a fortune. [Don't miss out! Get all the Details HERE »]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Premarket Highlights 🔎 Chinese Automakers Pass U.S. Rivals in Sale 🚗 Chinese car brands, led by Shenzhen-based BYD, sold 13.4 million new vehicles last year, surpassing American brands, which sold about 11.9 million, according to a recent report. Japanese brands maintained their lead with 23.59 million sales. Rapid Sales Growth 📈 China's vehicle sales grew by 23% from the previous year, significantly outpacing the U.S., which saw a 9% increase. Jato senior analyst Felipe Munoz attributed this shift to high prices from legacy automakers driving consumers toward more affordable Chinese alternatives. Global Expansion and Market Penetration 🌍 Chinese automakers like BYD have expanded globally, spurred by an electric-vehicle price war at home that has driven down prices and squeezed profit margins. Chinese brands have made significant inroads in emerging economies, where one in five new car sales were Chinese-made last year, amid rising global demand. Over 17.5 million new cars were sold in these markets in 2023, surpassing total sales in the U.S. or Europe. Challenges Ahead 🛑 The automotive industry faces increasing trade headwinds in 2024, with more countries implementing measures to protect local industries from inexpensive Chinese exports. The EU recently announced a tariff increase on Chinese EVs of up to 38%, following the U.S.'s decision to quadruple tariffs on Chinese EVs to 100%. Turkey also announced an additional 40% tariff on vehicles from China, indicating that other emerging markets might follow suit. This dynamic highlights the growing influence of Chinese automakers in the global market and the challenges they face amid shifting trade policies and economic conditions. Featured Earnings 💰️ - None. Economy 🏗 - Import price index [May] ... 8:30a - Consumer sentiment (prelim) [Jun] ... 10:00a Running Hot 🔥 Gainers - Ainos [AIMD] >> +71.8% - Nauticus Robotics [KITT] >> +24.1% - Jeff Brands [JFBR] >> +30.0% Decliners - QXO [QXO] >> (51.1%) - Opthea [OPT] >> (35.2%) - Nexalin Technology [NXL] >> (29.6%) Adobe [ADBE] - Last Close: $458.74 Adobe posted stronger-than-expected Q2 results and raised its fiscal 2024 earnings outlook after Thursday’s closing bell. The cloud company’s Q2 earnings and revenues both surpassed the Street’s estimate, and its sales grew 10% compared to last year. Adobe now expects earnings between $18 and $18.20 per share this year, after initially setting expectations at $17.60 to $18 per share. ADBE is up 14.2% on over a quarter-million shares traded. My Take: ADBE is down 23.1% this year, but this earnings report could be a sign that this stock still has a lot of growth ahead of it. Longeveron [LGVN] - Last Close: $1.81 Longeveron continues to push higher after analysts at Zacks Small-Cap Research set a $15.10 price target on the stock earlier this week. The company also announced a successful meeting with investigators in its ongoing Phase 2b clinical trial for Lomecel-B on Tuesday and said the trial is on track to complete enrollment by the end of 2024. Earlier in June, Longeveron also signed a deal for its advanced manufacturing facility, which could generate up to $5 million in annual revenues. LGVN is up 29.0% on roughly 12 million shares traded. My Take: LGVN is up 158% over the past 5 days, and that doesn’t include this morning’s 29% gain. Be cautious about holding this position through the weekend, as there’s a good chance it will gap down on Monday. Foxo Technologies [FOXO] - Last Close: $0.2389 Yesterday afternoon, Foxo announced shared exchange agreements that to facilitate an acquisition of healthcare operations from Rennova Health. The complicated transaction includes deals with both Rennova Community Health and Myrtle Recovery Centers. Closing is subject to shareholder approval and other customary closing conditions. FOXO is a top mover with a 46.3% gain on 23 million shares traded. My Take: FOXO is coming off a big pullback, but this move could help it get back on track. ChiJet [CJET] - Last Close: $0.29 Yesterday morning, ChiJet published a Form 6-K filing that revealed plans for an upcoming shareholder meeting to vote on a reverse stock split. The company has proposed a 1-for-30 reverse split, plus an increase to the company’s authorized share capital, CJET gained 16.4% on Thursday, following the announcement, and it’s still running strong in today’s premarket. CJET is up 15.2% on just under 10 million shares traded this morning. My Take: CJET fell below a key support level this week, but these rallies should help it get back into a more desirable trading range. 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]( [Privacy Policy]( | [Advertiser Disclosure]( *Alternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Those investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and those investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex investments and they are subject to default risk. [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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