3 Stocks to Win Big—And 1 to Avoid

September 20, 2024 | [Read Online]( 3 Stocks to Win Big—And 1 to Avoid [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Elite%20Trade%20Club&body=3%20Stocks%20to%20Win%20Big%E2%80%94And%201%20to%20Avoid%3A%20%0A%0Ahttps%3A%2F%2Felitetrade.club%2Fp%2F3-stocks-to-win-big-and-1-to-avoid) Good morning. It’s September 20th and in today’s edition, we’ll take a look Nike’s surge after its CEO’s exit, FedEx’s declining fortunes, and an energy firm whose stock is surging 120% in premarket trading after announcing its acquisition yesterday. Previous Close 📈 Stocks surged on Thursday, with the Dow Jones closing above 42,000 and the S&P 500 surpassing the 5,700 level, both firsts for the benchmark indices. Investor sentiment was boosted by the Federal Reserve’s rate cut and better-than-expected unemployment data. Futures Futures are little changed today. Dow futures are flat, up just 2 points, while S&P 500 futures dipped 0.2% and Nasdaq 100 futures slipped 0.4%. Investors remain cautious following Thursday’s record highs. Get the Edge [3 Stocks to Win Big—And 1 to Avoid]( Artificial intelligence is changing the way smart traders win big. Right now, it's identifying the[top 3 stocks set to surge](—and revealing the one you should steer clear of. Don’t let the market's volatility catch you off guard. These exclusive insights could be the key to your next big win. Are you ready to take your trades to the next level? [Click here to uncover the top 3 stocks you need to know about!]( What to Watch There are no announcements or data releases due today. Logistics FedEx Falls 13% After Cutting Revenue Forecast and Reporting Profit Pressure FedEx Corp shares are dropping by 13% in premarket trading. The company cut its annual revenue forecast and reported a decline in profits, as customers are shifting from costly priority deliveries to cheaper options amid economic pressures. Rival UPS shares are also falling by 2.5%. The shipping giant, a key indicator of global trade, is highlighting reduced demand for its high-margin, priority business deliveries driven by higher borrowing rates and a challenging macroeconomic environment. FedEx now projects low single-digit revenue growth for fiscal 2025, down from its previous low-to-mid single-digit growth forecast. The company also lowered its adjusted operating income forecast to a range of $20-$21 per share, compared to an earlier range of $20-$22. The company is undergoing a restructuring process to cut billions in costs and improve operational efficiency, following rapid expansion during the pandemic. Additionally, FedEx is phasing out contract work for the U.S. Postal Service, its largest client, which is expected to result in a $500 million revenue decline this fiscal year. Sportswear Nike Appoints Elliott Hill as New CEO, Boosting Stock by 7% Nike appointed former executive Elliott Hill as its new CEO, effective October 14. This news is sending its shares up by nearly 7% in premarket trading. Hill, who retired in 2020 after a 32-year career with the company, will succeed John Donahoe, who is set to retire on October 13 but will remain an advisor until January 2025. Hill previously served as president of Nike's consumer and marketplace business, overseeing commercial and marketing operations for both Nike and the Jordan brand. His return is seen as a move to address slowing revenue growth and rising competition from brands like Adidas and Hoka. Nike's stock has struggled this year, down more than 25% due to challenges with its direct-to-consumer pivot and declining sales. Its latest quarterly report showed a 2% revenue drop to $12.61 billion, below Wall Street estimates, although earnings per share exceeded expectations. Technology Palantir Lands $100M Contract to Enhance AI Warfare Platform for US Military Palantir Technologies Inc. got a $100 million contract to expand its Maven Smart System, an AI-based targeting platform, to more U.S. military personnel. The platform, which assists in battlefield targeting and decision-making, will now be accessible across all five military services — Army, Navy, Air Force, Marine Corps, and Space Force — increasing its reach to tens of thousands of service members. Maven Smart System, used for AI-powered target identification, combines U.S. intelligence data with computer-vision algorithms to help operators assess battlefield scenarios. The system has been employed for airstrike target identification in the Middle East this year. Palantir’s contract will provide user licenses, software support, and hardware over five years. This follows a $480 million deal awarded in May to extend Maven to combatant commands, supporting global military operations. The system's integration is part of a broader Pentagon initiative to enhance coordination across sensors and weapons systems. The Next Big Market Movers [Get in the Companies Solving HUGE Problems with AI Today... And Profit Tomorrow]( The AI boom has only just begun. But already, people are giving up and sticking to tried-and-true trades like Nvidia. This ignores the fact that the companies using AI to dominate their industries are going to be HUGE in 2025. We've got 7 stocks to share with you that are perfectly positioned. [Download the free report here.]( Movers and Shakers Battalion Oil Corp. [BATL] - Last Close: $2.94 Energy firm Battalion Oil Corporation’s stock is up nearly 120% in premarket trading. The firm amended its merger agreement with Fury Resources, Inc., yesterday. Under the revised agreement, Fury Resources will acquire all of Battalion's outstanding common stock at $9.80 per share in cash. The transaction is expected to close in Q4 2024, pending stockholder approval and other conditions. Fury has secured significant financial commitments for the deal, including $200 million in debt and $188 million in preferred stock investments. This merger positions Fury to expand its presence in the Permian Basin, a highly productive oil region. My Take: BATL is likely to rise until it reaches the acquisition price of $9.8. Investors should keep an eye on the stock as long as it remains below this price. Banzai International [BNZ] - Last Close: $2.88 Banzai International is rallying by 114% in premarket trading following the announcement of a 1-for-50 reverse stock split aimed at regaining compliance with Nasdaq's listing requirements. The reverse split, effective on September 19, 2024, reduces the company's outstanding Class A common shares to 916,558. This move is intended to boost the stock price by reducing the number of outstanding shares, helping Banzai meet Nasdaq's minimum share price requirement. My Take: The stock is surging due to the reverse stock split but it is possible that it might come down once the price settles. It would be best to remain cautious and adopt a wait-and-watch approach for the time being. Tenon Medical [TNON] - Last Close: $5.03 Tenon Medical's stock is up 30% before the opening bell today. The firm announced the issuance of three new patent approvals from the United States Patent and Trademark Office (USPTO). These patents cover the company's innovative Catamaran® SI Joint Fusion System, which offers a less invasive approach to treating sacroiliac (SI) joint disorders. The newly granted patents focus on advanced prostheses that support bone growth and correct failed SI joint stabilization procedures. With these approvals, Tenon Medical now holds nine patents and 26 pending applications, reinforcing the company's commitment to innovation and solidifying its competitive edge in the market. My Take: The issuance of the patents is excellent news but the stock performance remains lackluster otherwise. Be cautious while investing in this one. AI-Driven Profits [Discover 3 Winning Stocks and the 1 to Avoid]( Artificial intelligence is revolutionizing the world of trading. Right now, it’s highlighting 3 must-have stocks that could skyrocket in the current market. But it's just as important to know which one to avoid. In a volatile September, these insights are crucial for staying ahead. Don’t miss out on the chance to make your next big move. [Click here to uncover the top 3 stocks AI is recommending!]( Everything Else - [Physics Wallah]( bagged a $2.8 billion valuation and plans an expansion and acquisitions. - [Mercedes]( shares hit a 15-month low after a profit warning dragged European markets. - [BOJ]( held rates and upgraded its consumption outlook but cautioned on U.S. risks. - [China]( maintained key lending rates, despite forecasts for cuts. - Dutch firm [NTS Group]( is opening a major Singapore facility to meet rising demand for precision components. - The [EU]( offered €10 billion in emergency flood aid for Central European countries. - [Microsoft]( drove a $1.6 billion investment to restart the Three Mile Island reactor for carbon-free energy. 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. 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