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- ⚡ Breakout Stocks Pre-Bell—Time to Dive In!
⚡ Breakout Stocks Pre-Bell—Time to Dive In!
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Good Morning, Traders!…👋
It’s a crucial week for the stock market, with investors bracing for a flurry of risks and potential catalysts. Big Tech earnings are expected to take center stage, but Friday’s October jobs report could play a key role in determining whether last week’s market jitters persist.
Earnings from Big Tech giants are always market-shifting events, and with rising nervousness and lofty valuations, this quarter is no exception. More than 150 companies are set to report this week, marking the busiest stretch of the third-quarter earnings season.
Outside of tech, the outlook is a bit more uncertain. Last week, the Dow and S&P 500 saw their six-week winning streaks end abruptly as bond yields rose, adding pressure to stocks.
A stronger-than-expected jobs report on Friday could signal fewer interest rate cuts in the near future, potentially slowing down stock market momentum. Investors will be watching closely to see how these events unfold.
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PREMARKET SNAPSHOT 📈
Market futures are showing solid gains, with the S&P 500 up 0.59%, the Dow rising 0.52%, and the NASDAQ leading with a 0.75% increase.
S&P500$5880.75 ⬆️ 0.59% | Dow$42540.00 ⬆️ 0.52% | NASDAQ$20653.25 ⬆️ 0.75% |
SECTOR SNAPSHOT✨
Yesterday's market displayed a mixed performance, with gains in some sectors but declines in others. Consumer Discretionary and Information Technology saw modest increases, reflecting positive sentiment in those areas. Communication Services also posted a solid gain. However, Consumer Staples, Financials, and Health Care faced notable declines, indicating some challenges in those sectors. Industrials and Materials also recorded losses, while Utilities experienced a significant drop. Overall, the market was characterized by selective strength amid broader weaknesses across multiple sectors.
Name | Price | Change Percentage |
Consumer Discretionary | 1,610.51 | +0.48% 🟢 |
Consumer Staples | 872.55 | -0.76% 🔴 |
Energy | 690.91 | +0.06% 🟢 |
Financials | 775.66 | -1.05% 🔴 |
Health Care | 1,731.52 | -0.53% 🔴 |
Industrials | 1,144.70 | -0.25% 🔴 |
Materials | 592.25 | -0.64% 🔴 |
Real Estate | 276.43 | -0.76% 🔴 |
Information Technology | 4,534.91 | +0.59% 🟢 |
Communication Services | 315.22 | +0.71% 🟢 |
Utilities | 408.22 | -1.46% 🔴 |
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PreMarket Unusual Volume Stocks
📈 X.T.L. Biopharmaceuticals Ltd. ADR (XTLB) is experiencing a moderate pre-market increase, trading over 1.3 million shares compared to its average volume of 9K. The stock is up 10.32%, bringing its pre-market price to $1.71. This gain suggests positive investor interest early in the session.
📈 Healthcare Triangle Inc (HCTI) has seen extraordinary pre-market volume, with over 24.8 million shares traded, far exceeding its average of 657K. The stock has surged 124.53%, pushing its pre-market price to $1.30. This dramatic increase signals strong demand from investors.
📈 Pixie Dust Technologies Inc ADR (PXDT) is showing significant pre-market activity, with over 1.6 million shares traded, compared to its average volume of 55K. The stock has jumped 68.66%, bringing its pre-market price to $1.13. This sharp rise reflects growing market interest.
📈 Viracta Therapeutics Inc (VIRX) has traded over 15.1 million shares pre-market, well above its average volume of 722K. The stock has gained 4.77%, with a pre-market price of $0.28. This moderate rise indicates early market momentum.
📈 Evoke Pharma Inc (EVOK) has seen pre-market activity of over 615K shares, exceeding its average volume of 73K. The stock is up 102.64%, bringing its pre-market price to $10.74. This substantial gain suggests strong early interest from investors.
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Premarket Picks
Healthcare Triangle, Inc. (HCTI) saw a remarkable pre-market price increase to $1.35, surging by 133.16%. This jump follows the company’s recent filing of an 8-K form with the SEC.
Revance Therapeutics, Inc. (RVNC) experienced a pre-market price rise to $5.66, reflecting a gain of 20.43%. This boost is also attributed to the filing of an 8-K form with the SEC, indicating positive developments for the company.
Fortress Biotech, Inc. (FBIO) traded at a pre-market price of $2.13, up 15.14%. This increase follows the presentation of DFD-29 data at the 44th Fall Clinical Dermatology Conference, generating significant investor interest.
TC Biopharm (Holdings) Plc (TCBP) reached a pre-market price of $1.84, marking a gain of 15.00%. This rise comes after the company refuted a false claim on social media, assuring investors that there is no risk of delisting from the Nasdaq stock exchange.
Below is a list of other hot stocks in pre-market today:
Pre Market Gainers | Pre Market Change | Pre Market Volume |
---|---|---|
HCTI | +127.98% | 19.45M |
JTAI | +5.74% | 16.97M |
VIRX | +11.86% | 13.32M |
LGVN | +10.86% | 1.48M |
PHUN | +10.47% | 1.14M |
DJT | +6.29% | 1.08M |
MIRA | +12.40% | 774.76K |
IBRX | +6.58% | 614.40K |
MLGO | +4.14% | 323.72K |
RVNC | +20.43% | 212.60K |
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Top Upgrades:
1. NIO Inc. (NIO)
Analyst Firm: Macquarie
Upgrade: Neutral to Outperform
Price Target: $6.60
Friday's Close: $5.26
Macquarie analyst Eugene Hsiao upgraded NIO from "Neutral" to "Outperform," raising the price target to $6.60. Analysts have provided price targets for NIO Inc., with a high of $8.90, a low of $4.00, and an average of $6.31.
NIO is a leading player in the smart electric vehicle market, integrating innovative technology with user-centric design in its development and manufacturing processes.
2. Nutanix, Inc. (NTNX)
Analyst Firm: Morgan Stanley
Upgrade: Equal Weight to Overweight
Price Target: $72
Friday's Close: $61.59
Morgan Stanley elevated Nutanix's rating from "Equal Weight" to "Overweight," increasing the price target to $72 from $71. The stock price targets for Nutanix have a high of $85.00, a median of $75.00, and a low of $60.00, resulting in an average target of $74.82.
Nutanix provides a comprehensive cloud software platform, simplifying application and data management to help businesses focus on essential operations.
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3. Aon plc (AON)
Analyst Firm: Wells Fargo
Upgrade: Underweight to Equal Weight
Price Target: $377
Friday's Close: $375.44
Wells Fargo upgraded Aon plc from "Underweight" to "Equal Weight," adjusting the price target to $377, up from $315. Analysts have set price targets for Aon plc with a high of $432.00, a median of $366.00, and a low of $296.00, averaging $365.72.
Aon operates globally, supporting clients in over 120 countries with expertise in risk management and human capital, helping them make informed business decisions that protect and enhance lives.
Happy investing,
Maeve Grace
Editor In Chief
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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.
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