Good Morning, Traders!…👋

Stocks are poised to gain as the market heads into a shortened Black Friday session, marking the final trading day of what has been an eventful month. While retailers brace for the year’s biggest shopping day, investors will face a light news day, with markets closing early at 1 p.m. Eastern. This session could set the tone for December after the S&P 500’s impressive 26% gain since the start of the year.

November has been packed with major developments. Donald Trump’s presidential victory bolstered markets with promises of tax cuts and regulatory easing, while the Federal Reserve lowered interest rates. The latest inflation figures aligned with expectations, keeping the Fed on track for another quarter-point rate cut in December.

The New York Stock Exchange, Nasdaq, and over-the-counter markets open at 9:30 a.m. Eastern and close early at 1 p.m. Bond markets will open at 8 a.m. Eastern and close at 2 p.m. Stay tuned for updates as the session unfolds!

PREMARKET SNAPSHOT 📈

Market futures are up, with the S&P 500 rising 0.21%, the Dow gaining 0.28%, and the NASDAQ increasing 0.18%.

SECTOR SNAPSHOT✨

Yesterday, the market saw mixed sector performance. Consumer Staples and Financials posted gains of 0.07% and 0.26%, respectively, while Health Care saw a modest rise of 0.47%. Real Estate also had a positive day, up by 0.67%. However, Consumer Discretionary, Energy, Industrials, and Materials were all in the red, with declines ranging from 0.09% to 0.69%. Information Technology and Communication Services faced significant losses, dropping 1.19% and 0.01%, respectively. Utilities also struggled, ending down by 0.02%.

PreMarket Unusual Volume Stocks

📈 ParaZero Technologies Ltd (PRZO) had an exceptional trading session, with its stock price climbing 59.70% to close at $1.02. The trading volume surged to an impressive 32.7 million shares, far exceeding its average of 476K. This significant movement underscores heightened investor interest and potential positive developments in the company.

📈 Bolt Projects Holdings Inc (BSLK) experienced a remarkable 229.05% increase in its stock price, closing at $0.97. The trading volume skyrocketed to 35.7 million shares, significantly above its average of 844K, reflecting robust investor enthusiasm and substantial market attention.

📈 Alterity Therapeutics Ltd ADR (ATHE) posted a modest 2.75% gain, closing at $1.12. The company traded 401K shares, which is significantly above its average volume of 12K, indicating growing interest in the biotech firm's ongoing developments.

📈 Primega Group Holdings Ltd (PGHL) recorded a strong 40.00% increase in its stock price, closing at $2.31. The trading volume reached 21.6 million shares, well above its average of 870K, signaling strong investor confidence in the company’s performance.

📈 SILO Pharma Inc (SILO) saw its stock price rise by 18.89%, closing at $1.07. The trading volume was 4.4 million shares, far exceeding its average of 179K, showcasing increased market interest in the company’s innovative therapeutic offerings.

Premarket Picks

Bolt Projects Holdings, Inc. (BSLK) saw a significant pre-market surge of 211.82%, with its price jumping to $0.92. The company reported that it has entered into a material definitive agreement, according to a recent SEC filing.

Primega Group Holdings Limited (PGHL) experienced a 49.69% pre-market increase, pushing its price to $2.47. The company recently filed a 6-K form with the SEC.

ParaZero Technologies Ltd. (PRZO) enjoyed a pre-market surge of 81.61%, reaching $1.16 after announcing that it received the prestigious Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA) for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits.

Rigetti Computing, Inc. (RGTI) saw a more modest pre-market rise of 7.08%, bringing its price to $2.57 following the pricing of $100 million registered direct offering of common stock priced at-the-market under Nasdaq rules

Below is a complete list of hot stocks in pre-market today:

Top Upgrades:

1. TotalEnergies SE (TTE)

Analyst Firm: Grupo Santander
Upgrade: Neutral to Outperform
Price Target: $71.80
Wednesday's Close: $57.16

Grupo Santander analyst Alejandro Vigil upgraded TotalEnergies SE to "Outperform" from "Neutral," assigning a revised price target of $71.80. Analysts have set a stock price target range for TotalEnergies SE with a high of $97.71, a median of $75.51, and a low of $63.46, with an average target of $76.59. TotalEnergies is a global integrated energy company, leading in the production and marketing of diverse energy sources, including oil, biofuels, natural gas, green gases, renewables, and electricity.

2. Voyager Therapeutics, Inc. (VYGR)

Analyst Firm: Wedbush
Upgrade: Neutral to Outperform
Price Target: $11
Wednesday's Close: $5.78

Wedbush analyst Yun Zhong upgraded Voyager Therapeutics to "Outperform" from "Neutral" and raised the price target to $11 from $7. Analyst projections for Voyager Therapeutics range from a high of $30.00 to a low of $7.00, with a median of $18.00 and an average target of $17.22. Voyager Therapeutics is a biotechnology company leveraging human genetics to create transformative treatments aimed at modifying and potentially curing neurological diseases.

3. Upwork Inc. (UPWK)

Analyst Firm: Citi
Maintained: Neutral
Price Target: $19
Wednesday's Close: $16.91

Citi analyst Ronald Josey maintained a "Neutral" rating on Upwork Inc., while raising the price target to $19 from $11. Analysts have set a stock price target range for Upwork with a high of $24.00, a median of $18.00, and a low of $16.00, with an average target of $18.36. Upwork is the world's largest online marketplace, connecting businesses with a global network of independent professionals for various specialized services.

Happy investing,

Maeve Grace
Editor In Chief
Premium Stock Alerts

Important: This newsletter does not provide investment advice. The stocks mentioned should not be taken as recommendations. Your investments are solely your decisions.

Disclosure: I hold no positions in any companies mentioned, either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.