Three Biotech Stocks to Watch Out For Today

September 09, 2024 | [Read Online]( Three Biotech Stocks to Watch Out For Today [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Elite%20Trade%20Club&body=Three%20Biotech%20Stocks%20to%20Watch%20Out%20For%20Today%3A%20%0A%0Ahttps%3A%2F%2Felitetrade.club%2Fp%2Fthree-biotech-stocks-watch-today) Good morning. It's September 9th, and today, we’ll look at Palantir and Dell's entries into the S&P 500, Big Lots' bankruptcy filing, and three biotech stocks that are heating up premarket trade. 📲 Want our updates via text message? Get Elite Trade Club's premarket insights and hottest stocks straight to your cell 100% free. [Click here to sign up.]( Previous Close 📈 Stocks experienced significant declines last week, with all three indices ending in the red. These drops followed the release of the August jobs report, which raised concerns about a weakening labor market. Futures U.S. stock futures are attempting to bounce back after significant losses last week. The S&P 500 futures are up by 0.8%, Nasdaq 100 futures are nearly 1% higher, and Dow Jones Industrial Average futures have gained 269 points so far, or 0.7%. What to Watch On the economic data front, the Wholesale Inventory data will be released at 10:00 a.m., and the Consumer Credit data will be shared at 3:00 p.m. Oracle (NYSE: ORCL) and Rubrik (NYSE: RBRK) will share their quarterly numbers after the close of the day’s trade. [7 Stocks to Own Before the 2024 Election]( With the 2024 election barreling toward us, I urge you to prepare your portfolio now before it's too late. This surprise Trump vs. Harris match up looks too close to call. So the best strategy now is to own stocks that have a strong history of post-election gains no matter which party wins. We reveal seven high-quality stocks that do just that in this just-released report, “7 Stocks to Own Before the 2024 Election.” [Get your free copy of “7 Stocks to Own Before the 2024 Election” here.]( (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) Technology Palantir and Dell to Enter S&P 500, Stocks Surge Palantir Technologies, Dell Technologies, and Erie Indemnity are set to join the S&P 500 index before the market opens. All three stocks are experiencing notable gains. While Palantir is up by nearly 8%, Dell is rallying by more than 5% in premarket action. Erie also surged more than 2% on Friday. These companies will replace American Airlines, Etsy, and Bio-Rad Laboratories in the index. American Airlines and Bio-Rad will move to the S&P MidCap 400, while Etsy will shift to the S&P SmallCap 600. Both American Airlines and Etsy are seeing slight declines, while Bio-Rad remains inactive. While American Airlines is down by 0.3% in premarket trade, Etsy is also below its previous close by 1%. Retail Discount Retailer Big Lots Filing For Bankruptcy Protection, Plans Sale to Nexus Discount retailer Big Lots Inc. has filed for Chapter 11 bankruptcy protection and plans to sell its assets and ongoing business through a court-supervised process. The Ohio-based company filed for bankruptcy in Delaware, listing assets and liabilities ranging from $1 billion to $10 billion, according to a company statement. The Chapter 11 filing allows Big Lots to continue operating while formulating a plan to repay creditors. The retailer, which has been struggling with declining same-store sales and store closures for years, has entered into a sale agreement with an affiliate of private equity firm Nexus Capital Management LP. Nexus Capital will act as a "stalking horse bidder" in the sale process, meaning if no higher offers are received from other potential buyers, Nexus will proceed with the purchase. Big Lots expects the sale to close during the fourth quarter of 2024, assuming Nexus remains the winning bidder. The company has secured $707.5 million in financing through a post-petition credit facility, which will provide it with sufficient liquidity to operate while the sale is finalized. The retailer is among several in the sector to face financial difficulties due to a slowdown in home spending. Other companies like Conn’s Inc. and LL Flooring Holdings Inc. have also filed for bankruptcy in recent months. Aerospace Boeing Reaches Tentative Labor Deal, Shares Rise 3% Amid Strike Concerns Boeing shares are rising nearly 5% in U.S. premarket trading following the announcement of a tentative agreement with a key labor union in the Pacific Northwest. This agreement could prevent a potentially crippling strike that was expected to take place later this week. The proposed deal, if ratified, would address concerns raised by the union representing workers at Boeing’s facilities in the region. Averted labor strikes would ensure that Boeing’s production schedules remain intact, especially at a time when the aerospace industry is ramping up efforts to recover from pandemic-related disruptions and meet increased demand for new aircraft. Boeing, which has faced multiple challenges over the past few years, from supply chain issues to production delays, has been keen to avoid labor disputes that could further impact its recovery and growth. The company's shares responded positively to the news, reflecting investor optimism over the stability this agreement could bring. The union is expected to review the tentative deal with its members in the coming days, and a final vote will determine whether the agreement will be fully ratified and implemented. [Get Access to Real, Winning Trades]( Nate Bear’s strategies have turned $37k into $2.7 million, and now you can access the same insider knowledge that delivers real profits. Forget the noise—focus on trades that can actually grow your wealth. [Join FREE Now and Start Seeing Real Results!]( Movers and Shakers Intelligent Bio Solutions Inc. [INBS] - Last Close: $1.580 Intelligent Bio Solutions reported progress on its clinical study plan for an FDA 510(k) submission, boosting its stock by nearly 70% so far in premarket trade. In partnership with CenExel, the company is conducting a study with 135 adults to compare its fingerprint sweat opiate screening to a validated LC-MS/MS lab method. About one-third of the enrollment is complete. Additionally, INBS has finished the in-clinic phase of a pharmacokinetic study on opiates in fingerprint sweat and is analyzing the data. The company aims to finalize the study by the end of September and submit it to the FDA in Q4 2024. My Take: The news could potentially be big for INBS, so keep this stock on your radar. Tonix Pharmaceuticals Holding Corp. [TNXP] - Last Close: $0.14 Tonix Pharmaceuticals is surging by 54% in premarket trading. The company presented data on its potential mpox vaccine, TNX-801, at an immunology symposium. TNX-801, a synthetic horsepox-based, live-virus vaccine, showed strong preclinical results, protecting animals against lethal clade I monkeypox without spreading to blood or tissues, even at high doses. Unlike existing two-dose vaccines, TNX-801 offers single-dose immunity with enhanced safety for immunocompromised subjects. The vaccine has been selected for clinical testing by NIH’s Project NextGen. Tonix is collaborating with Bilthoven Biologics for manufacturing and sees potential in using TNX-801 as a platform for other viral diseases. My Take: This is an extremely tiny stock but given the concerns around mpox, this could be a game changer for the company. Keep this on your wait-and-watch list. Summit Therapeutics Inc. [SMMT] - Last Close: $12.27 Summit Therapeutics shares are jumping by around 33% in premarket trade. The company reported that Ivonescimab reduced the risk of disease progression or death by 49% compared to pembrolizumab as a first-line treatment for PD-L1 positive advanced NSCLC in China. My Take: Summit Therapeutics has been trending upwards for quite a while now, growing more than 350% year to date. It has potential for major gains in the future. Keep this one on your radar. [How to Land 500% Gains Overnight]( Imagine turning a $30 trade into 500% gains in just one day. That’s exactly what happened with a recent HD trade—easy to enter and even easier to exit within 24 hours. Now, you have the chance to learn the exact strategy to start landing these overnight wins yourself, no experience required. [Unlock the strategy for free and start making overnight gains today.]( Everything Else - [Europe]( must boost investments to avoid falling behind global rivals. - [Atomico]( bets big on Europe's tech resurgence with $1.24 billion funding round. - [China’s]( factory-gate prices continue to decline despite inflation uptick. - [Safran]( and MBDA's negotiations over Roxel stake heat up. - [Oman’s OQ]( announced its initial public offering and aims to raise billions. - [Midea Group]( seeks to raise $3.5 billion through its Hong Kong listing. - [Air Canada]( braces for flight suspensions amid an unresolved pilot wage dispute. - Former [Lebanon central bank chief]( will stay in jail amid embezzlement charges. That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. Best Regards, — Adam Garcia Elite Trade Club [Click here]( to get our daily newsletter straight to your cell for free. P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [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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