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📈 Early Stock Ideas for Big Morning Moves
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Good Morning, Traders!…👋
U.S. stock futures are wavering early Wednesday as the market waits for November’s crucial consumer price index (CPI) data, a key indicator ahead of next week’s Federal Reserve meeting.
The stock market has stumbled in the first two trading days of the week, and with year-end fast approaching, Wednesday’s inflation report could be one of the final catalysts to determine the strength of a potential Santa rally.
Traders are largely betting on a quarter-point rate cut next week, with an 86% probability according to CME’s FedWatch Tool. However, the CPI data may hold more significance in shaping expectations for January’s Fed meeting, set to occur just days after President-elect Donald Trump takes office.
Happening Today
✓ 08:30 AM ET – Core CPI (MoM) (Nov)
✓ 08:30 AM ET – CPI (MoM) (YoY) (Nov)
✓ 10:30 AM ET – Crude Oil Inventories
✓ 01:00 PM ET – 10-Year Note Auction
✓ 02:00 PM ET – Federal Budget Balance (Nov)
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PREMARKET SNAPSHOT 📈
Market futures are mixed, with the S&P 500 and NASDAQ showing gains, while the Dow is slightly down.
S&P500$6052.25 ⬆️ 0.10% | Dow$44292.00 ⬇️ 0.10% | NASDAQ$21446.25 ⬆️ 0.19% |
SECTOR SNAPSHOT✨
Yesterday, most sectors experienced losses, with the exception of Consumer Discretionary, Consumer Staples, and Communication Services, which ended the day in positive territory. Consumer Discretionary and Consumer Staples saw modest gains of 0.14% and 0.50%, respectively, while Communication Services surged 2.61%. On the other hand, Energy, Financials, and Health Care faced declines, with Energy down 0.62%, Financials falling 0.11%, and Health Care dropping 0.46%. Industrials and Materials also showed weakness, down 0.22% and 0.93%, respectively. Real Estate and Information Technology were among the hardest hit, with losses of 1.63% and 1.26%. Utilities also ended the day lower, falling by 0.82%.
Name | Price | Change Percentage |
Consumer Discretionary | 1,890.55 | +0.14% 🟢 |
Consumer Staples | 893.85 | +0.50% 🟢 |
Energy | 685.43 | -0.62% 🔴 |
Financials | 824.20 | -0.11% 🔴 |
Health Care | 1,674.61 | -0.46% 🔴 |
Industrials | 1,172.15 | -0.22% 🔴 |
Materials | 570.29 | -0.93% 🔴 |
Real Estate | 269.98 | -1.63% 🔴 |
Information Technology | 4,631.14 | -1.26% 🔴 |
Communication Services | 348.06 | +2.61% 🟢 |
Utilities | 394.16 | -0.82% 🔴 |
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PreMarket Unusual Volume Stocks
📈 Cumberland Pharmaceuticals Inc (CPIX) experienced a sharp rise of 96.77%, closing at $2.44. The trading volume skyrocketed to 93.53 million shares, significantly surpassing the average of 1.64 million, indicating a surge in investor activity and interest.
📈 Chimerix Inc (CMRX) demonstrated remarkable performance with a 219.08% increase, ending at $2.76. Its trading volume reached an extraordinary 182.03 million shares, compared to an average of 3.35 million, reflecting intense market focus and activity.
📈 Davis Commodities Ltd (DTCK) saw a moderate gain of 18.74%, closing at $1.09. The volume of 10.45 million shares exceeded its average of 196.04K, showcasing increased trading attention.
📈 Anghami Inc (ANGH) reported a 17.44% uptick, ending the session at $0.85. Its trading volume stood at 3.46 million shares, well above the average of 69.84K, suggesting growing market interest.
📈 Glimpse Group Inc (VRAR) posted a 35.71% gain, closing at $1.14. The stock saw a trading volume of 30.34 million shares, far exceeding its average of 596.17K, highlighting strong momentum.
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Premarket Picks
SEALSQ Corp (LAES) saw a significant surge in pre-market trading, with its price rising by 104.90% to $1.17. This increase came after the company announced a strategic partnership with IC’ALPS to strengthen its Application Specific Integrated Circuit (ASIC) developments in response to the growing demand in this segment.
SMX (Security Matters) Public Limited Company (SMX) experienced a pre-market rise of 7.54%, with its price reaching $0.038. The surge followed the announcement of a deal with Ybyra Capital, a South American commodities and real estate firm with over $1 billion in assets. This partnership is expected to be one of Brazil’s most significant in years.
Silexion Therapeutics Corp (SLXN) saw its price increase by 36.76%, reaching $3.72 in pre-market trading. This surge was driven by the appointment of renowned cancer therapeutics expert Prof. Amnon Peled to the company's Board of Directors, which is expected to bolster its position in the oncology space.
ABVC BioPharma, Inc. (ABVC) surged by 36.66% in pre-market trading, rising to $0.65. The jump was due to the company receiving a $200,000 payment from OncoX BioPharma Inc. as part of a strategic licensing deal for oncology products, marking the first installment of a potential $5 million licensing fee.
Below is a complete list of hot stocks in pre-market today:
Pre Market Gainers | Pre Market Change | Pre Market Volume |
---|---|---|
LAES | +115.41% | 30.77M |
RZLV | +34.72% | 10.61M |
SMX | +8.98% | 9.49M |
SLXN | +35.29% | 3.35M |
ZONE | +39.84% | 1.18M |
QSI | +9.73% | 1.18M |
RIME | +4.26% | 1.14M |
ICU | +9.78% | 682.22K |
GXAI | +16.23% | 413.01K |
CDIO | +5.56% | 139.42K |
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Top Upgrades:
1. Owens Corning (OC)
Analyst Firm: Barclays
Upgrade: Equal Weight to Overweight
Price Target: $245
Yesterday's Close: $196.92
Barclays analyst Matthew Bouley raised Owens Corning's rating to Overweight from Equal Weight, increasing the price target to $245 from $192.
Owens Corning, a leader in residential and commercial building products, is dedicated to building a sustainable future through material innovation. Analyst stock price targets for Owens Corning range from a high of $245.00 to a low of $165.00, with a median target of $212.00. The average target price stands at $208.77.
2. Glaukos Corporation (GKOS)
Analyst Firm: Citi
Upgrade: Neutral to Buy
Price Target: $162
Yesterday's Close: $136.38
Citi upgraded Glaukos to Buy from Neutral, raising its price target to $162, up from $132.
Glaukos is an ophthalmic pharmaceutical and medical technology company that focuses on developing novel therapies for glaucoma, corneal disorders, and retinal diseases. Analyst estimates for Glaukos suggest a high stock price target of $182.00, with a low of $115.00 and a median target of $149.00. The average target price is $147.23.
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3. Sportsman's Warehouse (SPWH)
Analyst Firm: B. Riley Securities
Rating: Upgraded from Neutral to Buy
Price Target: $4 (upgraded from $2)
Last Price: $2.78
Upside: 43.88%
B. Riley Securities has upgraded Sportsman's Warehouse to a Buy rating, raising its price target to $4 from the previous target of $2. Sportsman's Warehouse is a leading outdoor sporting goods retailer catering to enthusiasts of hunting, fishing, and camping across the United States.
According to 5 Wall Street analysts, the stock’s price target over the last three months ranges from a low of $2.00 to a high of $3.50, with an average target of $2.75. This reflects a potential upside of 12.24% from the last traded price of $2.45.
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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