Pre-Market Pulse: Top Stocks to Watch Now!

You are receiving this newsletter as a subscriber to Premium Stock Alerts

Hello Part-time Trader…👋

Premium Stock Alerts is here with your pre-market cheat sheet. In today's issue, we delve into:

  • Fed's Latest Announcements: Understand the Federal Reserve's recent decisions and economic outlook, and how they might influence the markets.

  • Volume Anomalies: Identify stocks witnessing unusual trading volumes, pointing to potential opportunities or risks.

  • Top Pre-Market Movers: Identify early winners poised for a strong market opening.

  • Market Indices & Sector Overview: Get a snapshot of key market indices and sector performances to gauge the day's potential trends.

  • FDA Approvals & Upcoming Decisions: Keep an eye on the latest FDA approvals and crucial upcoming decisions affecting biotech and pharmaceutical stocks.

Now, let's dive into today's edition for a closer look at the insights and analysis that will shape your trading decisions.

🎁 Looking for More? Check out these complementary newsletters for diverse perspectives:

Sponsored
The Stock Investor's EdgePremium stock market analysis for investors seeking an EDGE

Happening Today

✓ 08:55 AM ET – Redbook (YoY)

11:30 AM ET – 52-Week Bill Auction

✓ 12:00 PM ET – EIA Short-Term Energy Outlook

✓ 01:00 PM ET – 10-Year Note Auction

✓ 04:30 PM ET – API Weekly Crude Oil Stock


Sponsored
It's not too late to jump on the AI megatrend

If you've been following the AI revolution, there's a chance you can guess who's #1 on my brand new list of the best AI stocks to own (if you are lucky, you may even own some shares of this powerhouse already). But I doubt you can guess who's #3 on the list. (HINT: It delivers a technology that's critical to the AI revolution and will soon be embedded in countless consumer products.)

Learn the names of all 10 stocks here. FREE.

PREMARKET SNAPSHOT 📈

The S&P 500, Dow, and NASDAQ all saw gains, with the S&P 500 up 0.25%, the Dow rising 0.17%, and the NASDAQ increasing by 0.39%.

S&P500

$5360.79

⬆️ 0.25%

Dow

$38868.04

⬆️ 0.17%

NASDAQ 

$19074.67

⬆️ 0.39%

SECTOR SNAPSHOT 

Broad market gains led by Utilities and Energy, while Consumer Staples and Financials lag behind.

NAME

PRICE

%CHANGE

Consumer Discretionary

1,452.68

+0.51% 🟢

Consumer Staples

826.20

-0.22% 🔴

Energy

688.31

+0.71% 🟢

Financials

685.34

-0.39% 🔴

Health Care

1,708.54

+0.30% 🟢

Industrials

1,035.77

+0.29% 🟢

Materials

563.00

-0.11% 🔴

Real Estate

238.52

+0.45% 🟢

Information Technology

4,136.26

+0.29% 🟢

Communication Services

303.17

+0.61% 🟢

Utilities

357.53

+1.28% 🟢


Sponsored

Get this Bitcoin ETF before June 26

A massive Bitcoin dividend was just announced... And if you act today, you'll receive $2.05 per SHARE. That's 161% BIGGER than the highest-yielding dividend aristocrats... But you have to get in before the June 26 cutoff date. 

Click here now for all the urgent details.

PreMarket Unusual Volume Stocks

📈 QuantaSing Group Ltd ADR (QSG): Exhibited a trading volume of 3.16 million shares, higher than its average volume of 0.14 million shares. The stock closed at $1.96, marking an increase of 20.25%.

📈 Blue World Acquisition Corp (BWAQ): Experienced a notable trading volume of 0.50 million shares compared to its average of 0.04 million shares. The stock price stood at $8.85, reflecting an increase of 29.77%.

📈 ShiftPixy Inc (PIXY): Recorded an unusual trading volume of 5.84 million shares, well above its average volume of 0.75 million shares. The stock price rose to $1.94, achieving a gain of 32.88%.

📈 Kaixin Holdings (KXIN): Reported a trading volume of 9.30 million shares against its average of 2.68 million shares. The stock closed at $0.15, experiencing an increase of 10.88%.

📈 Nauticus Robotics Inc (KITT): Had a trading volume of 34.43 million shares, higher than its average volume of 14.21 million shares. The stock price ended at $0.39, showing an increase of 70.42%.


Sponsored

10x Big-Tech gains with these 3 Tiny Stocks

We all know Wall Street LOVES Big-tech stocks like Amazon and Nvidia. But get this: A few tiny stocks are absolutely CRUSHING most Big-tech stocks this year with a combined 250% gain. Or about 10x Amazon's YTD return from just these 3 stocks. Once these stocks are on Wall Street's radar, these ticker symbols could be plastered across every mainstream financial new site.

Get your FREE report.

Premarket Picks

Zedge, Inc. (ZDGE) is trading at $3.5400 in pre-market, up 17.61% at 7:34 AM EDT after announcing its Q3 fiscal 2024 results: revenue increased 13.8% to $7.7 million, GAAP net income of $0.1 million, non-GAAP net income of $0.5 million, and Zedge Premium Gross Transaction Value up 44.4% to $0.59 million.

ShiftPixy, Inc. (PIXY) is trading at $1.9000 in pre-market, up 30.14% at 7:44 AM EDT despite no company news; it appears some IR agencies might be pushing this stock, so proceed with caution.

Blue World Acquisition Corporation (BWAQ) saw its price rise to $8.91, a notable increase of 26.29%. This surge follows the extension of the TOYO Solar deal deadline with Fuji Solar to July 2, accompanied by a $30,000 deposit, after receiving shareholder approval last month.

QuantaSing Group Limited (QSG) experienced a significant pre-market increase of 25.15%, bringing its price to $2.09. This boost comes after the announcement of a substantial share repurchase program worth up to US$20.0 million.

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

Pre Market Gainers

Pre Market Change

Pre Market Volume

KXIN

+9.51%

8.71M

PIXY

+35.62%

4.12M

CYN

+15.51%

1.88M

NCL

+14.08%

935.83K

TRNR

+6.37%

194.56K

SAGE

+12.57%

160.91K

BWAQ

+36.36%

137.59K

FOXO

+5.38%

72.80K

RENB

+3.36%

51.97K

VERB

+2.42%

50.91K


Sponsored

Nvidia's NEW "Silent Partners"

Many companies partnering with Nvidia have seen their own stocks go up...

That includes ASML, up as much as 471%...

Super Micro Computer, which has surged as much as 3,244%.

And Taiwan Semiconductor, which has soared as much as 4,744%.

With Nvidia now pivoting to a new $1 trillion AI superproject...

A new set of partners appear to be poised to benefit.

Find out who they are right away.

Important FDA 

Recently Announced

The FDA has been particularly active in recent weeks, delivering a mix of outcomes for biotech companies seeking approval for their innovative treatments.

GSK plc (GSK.L, GSK) On June 7, 2024, GSK received positive news as the FDA approved the extension of the indication for AREXVY, an adjuvanted respiratory syncytial virus (RSV) vaccine, to adults aged 50-59. This approval significantly broadens the age range for this vaccine, enhancing public health defenses against RSV.

Catalyst Pharmaceutical Partners Inc. (CPRX) On May 30, 2024, Catalyst Pharmaceutical Partners received FDA approval to increase the indicated maximum daily dosage of Firdapse Tablets from 80mg to 100mg for the treatment of Lambert-Eaton myasthenic syndrome. This approval enhances the treatment options available for patients with this rare neurological disorder.

Bristol-Myers Squibb Co. (BMY) Also on May 30, 2024, Bristol-Myers Squibb received approval from the FDA for the expanded use of Breyanzi for the treatment of relapsed or refractory mantle cell lymphoma. This approval broadens the therapeutic options available for patients battling this aggressive form of cancer.

Amgen Inc. (AMGN) On May 16, 2024, Amgen received FDA approval for Tarlatamab, under the brand name IMDELLTRA. This is the first and only T-cell engager therapy approved for the treatment of adult patients with extensive-stage small cell lung cancer with disease progression on or after platinum-based chemotherapy.


Sponsored

AI's NEXT Magnificent Seven

The Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.

But the Man Who Called Nvidia at $1.10 Says "AI's Next Magnificent Seven Could Do It Even Faster."

See His Breakdown of the Seven Stocks You Should Own Here.

Announcing Today

According to the FDA schedule, there are no announcements expected today.

Upcoming Announcements

Ipsen SA (IPSEY) & Genfit S.A. (GNFT) Ipsen SA and Genfit S.A. are both anticipating an FDA decision on June 10, 2024, regarding Elafibranor, proposed for the second-line treatment of primary biliary cholangitis. This decision is important for advancing treatment options for this chronic liver disease.

Eli Lilly and Co. (LLY) Eli Lilly was in the spotlight yesterday, June 10, 2024, with an FDA panel review for Donanemab, their treatment for early symptomatic Alzheimer’s disease. The outcome of this review is pending and will be a critical step towards providing new hope for patients and families affected by this debilitating condition.

Amgen Inc. (AMGN) Amgen is anticipating an FDA decision on June 12, 2024, regarding Tarlatamab for the treatment of adult patients with advanced small cell lung cancer with disease progression on or after platinum-based chemotherapy. This decision could further solidify Tarlatamab's role as a pioneering therapy in this field.

Zai Lab Limited (ZLAB) & Bristol-Myers Squibb Co. (BMY) Both Zai Lab Limited and Bristol-Myers Squibb are awaiting an FDA decision on June 15, 2024, regarding the expanded use of Augtyro for the treatment of patients with NTRK-positive locally advanced or metastatic solid tumors. This decision could significantly enhance treatment options for patients with these specific cancer types.

Stay tuned for further updates as we continue to track these important FDA decisions and their implications for the biotech industry.

🎁 Looking for More? Check out these complementary newsletters for diverse perspectives:

Sponsored
Short SqueezThe daily squeeze on major news from Wall Street to Silicon Valley. Read by 200,000+ bankers & investment professionals.

Happy investing,

Maeve Grace
Editor In Chief
Premium Trade 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.

Join the conversation

or to participate.