Smart Start: Pre-Market Intel You Need!

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

Hello Part-time Traderβ€¦πŸ‘‹

U.S. stocks displayed mixed movements in Wednesday's pre-market, following a semiconductor sector dip earlier in the week.

On Tuesday, while the Dow moved differently from other indices for the eighth time in recent sessions, its minimal exposure to tech stocks offers some explanation. Semiconductor stocks rallied; Nvidia surged 6.8%. Additionally, Chipotle Mexican Grill benefited from a stock split.

✨ If you like our content, be sure to check out our sponsor for this newsletter

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

Bond yields saw a modest increase. The 10-year Treasury note yield stood at 4.274%, with the 2-year yield reaching 4.737%.

Investor focus is set to turn to upcoming inflation data, as Wall Street anticipates the release of the May personal consumption expenditures price index on Friday. This index is particularly monitored by the Federal Reserve, which uses it as a key inflation measure, sparking investor optimism about potential rate cuts.

Happening Today

βœ“ 08:30 AM ET – Building Permits

βœ“ 10:00 AM ET – New Home Sales (May)

βœ“ 10:30 AM ET – Crude Oil Inventories

βœ“ 01:00 PM ET – 5-Year Note Auction

βœ“ 04:30 PM ET – Fed Bank Stress Test Results


Sponsored
New "Automated Options" Allow Folks To HIJACK Stocks

Thanks to a little known automatic pricing anomaly within a handful of options, an under the radar trader from Pittsburgh has nailed down what could be 50% ROI per week... Completely hands free. As long as a stock makes a 1%+ move within that week... His special type of trade is set to close out automatically.

Click here to watch him place the next trade + claim a $1,250 surprise

PREMARKET SNAPSHOT πŸ“ˆ

Market futures are mixed, with the S&P 500 flat, the Dow down slightly, and the NASDAQ showing a modest gain.

S&P500

$5537.25.50

0.00%

Dow

$39460.00

 β¬‡οΈ 0.17%

NASDAQ 

$20,003.50

  ⬆️ 0.16%

SECTOR SNAPSHOT βœ¨

Mixed market with gains led by Information Technology and Communication Services, while Consumer Staples and Materials see notable declines.

NAME

PRICE

%CHANGE

Consumer Discretionary

1,470.16

-0.28% πŸ”΄

Consumer Staples

828.17

-0.65% πŸ”΄

Energy

699.60

+0.14% 🟒

Financials

686.55

-0.83% πŸ”΄

Health Care

1,710.61

-0.31% πŸ”΄

Industrials

1,033.15

-0.84% πŸ”΄

Materials

558.64

-1.28% πŸ”΄

Real Estate

237.79

-1.41% πŸ”΄

Information Technology

4,346.46

+1.79% 🟒

Communication Services

312.59

+1.85% 🟒

Utilities

350.96

-0.98% πŸ”΄


Sponsored

The Nanotech Startup on a Mission to Save Millions of Lives

With a groundbreaking technology that repels deadly pathogens, this tiny company is taking on the global threat. Their innovative approach could transform infection control forever.

Explore the potential of this game-changing technology and how early investors could benefit from its success

PreMarket Unusual Volume Stocks

πŸ“ˆ Syntec Optics Holdings Inc. (OPTX): Exhibited a trading volume of 4.44 million shares, significantly higher than its average volume of 0.01 million shares. The stock closed at $7.64, marking an increase of 225.11%.

πŸ“ˆ Anew Medical Inc. (WENA): Experienced a notable trading volume of 9.10 million shares compared to its average of 0.23 million shares. The stock price stood at $3.30, reflecting an increase of 100.00%.

πŸ“ˆ China Natural Resources Inc (CHNR): Recorded an unusual trading volume of 3.62 million shares, well above its average volume of 0.16 million shares. The stock price rose to $1.05, achieving a significant gain of 34.62%.

πŸ“ˆ Savara Inc (SVRA): Saw an exceptional trading volume of 3.54 million shares, compared to its average volume of 0.99 million shares. The stock price rose to $5.08, with an increase of 33.68%.

πŸ“ˆ Volcon Inc (VLCN): Reported a trading volume of 1.77 million shares against its average of 0.55 million shares. The stock closed at $8.08, experiencing an increase of 45.32%.


Sponsored

Discover the #1 Crypto for Summer 2024

One coin to change your life. Experts predict this overlooked crypto could soar as the biggest financial institutions scramble to "catch up" to crypto. Early investors have a rare chance for parabolic gains.

Get the details now

Premarket Picks

Anew Medical Inc. (WENA) stock skyrocketed in pre-market trading after receiving a key patent in Europe for their gene therapy targeting neurodegenerative diseases. Shares surged a whopping 80% to $2.97.

Savara Inc. (SVRA) stock also saw a significant pre-market jump, climbing 29.21% to $4.91. This surge follows the announcement of positive results from their Phase 3 clinical trial for a treatment addressing aPAP (obstructive sleep apnea).

Rivian Automotive Inc. (RIVN) shares gained momentum in pre-market trading, rising 38.04% to $16.51. The company's partnership with Volkswagen Group to develop next-generation electric vehicle technology is likely fueling investor confidence.

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

Pre Market Gainers

Pre Market Change

Pre Market Volume

FFIE

+14.26%

5.83M

WENA

+74.55%

4.68M

RIVN

+33.86%

4.45M

CHNR

+38.46%

2.74M

SVRA

+25.79%

1.97M

OPTX

+225.11%

1.63M

EFTR

+16.36%

1.24M

VLCN

+26.26%

653.77K

LCID

+8.00%

359.78K

MU

+3.42%

210.67K


Sponsored

Free Report: Five Top Cheap Stocks Poised for a Big Move

Some of the greatest opportunities can be found in undervalued stocks.

Often, a stock will become undervalued because of negative events, like the pandemic. Perhaps the company missed earnings, became overlooked, or was hit with downgrades. Or, maybe the stock fell along with its competition.

Here are five of the most exciting, cheap stocks you may want to take a look at today.

Download Free Report

Important FDA 

Recently Announced

Bristol-Myers Squibb (BMY): The FDA granted accelerated approval on June 21st for Bristol-Myers Squibb's KRAZATI, combined with another drug (cetuximab). This widens the scope of KRAZATI's use in treating colorectal cancer.

argenx SE (ARGX): June 21st also brought good news for argenx SE. Their drug VYVGART Hytrulo received FDA approval for a broader range of uses. It can now treat Chronic Inflammatory Demyelinating Polyneuropathy (CIDP), offering a new option for patients battling this condition.

Sarepta Therapeutics (SRPT): A significant milestone was achieved by Sarepta Therapeutics on June 20th. The FDA converted the existing accelerated approval for their drug ELEVIDYS to full approval for a specific group of Duchenne muscular dystrophy patients (those who can still walk).

Announcing Today

On June 26, 2024, the U.S. Food and Drug Administration (FDA) is set to announce a decision regarding Merck & Co Inc. (MRK)'s Patritumab deruxtecan (HER3-DXd) (BLA). This drug holds promise as a treatment for certain patients with previously treated locally advanced or metastatic EGFR-mutated non-small cell lung cancer.

Separately, the FDA is also scheduled to announce a verdict on Verona Pharma plc (VRNA)'s Ensifentrine (NDA) on the same day. Ensifentrine is being evaluated as a potential treatment for the maintenance therapy of chronic obstructive pulmonary disease (COPD).


Sponsored

Nvidia's Quiet $1 Trillion Pivot

Nvidia and its powerful chips are the face of artifical intelligence.

But while everyone's patting Nvidia on the back for record earnings...

It's quietly moved on to the next phase of AI it plans to conquer...

Nvidia recently unveiled essential blueprints for this crucial $1 trillion pivot.

Click here now and find out about the three companies Nvidia absolutely needs to succeed in this vital new AI frontier.

Upcoming Announcements

The U.S. Food and Drug Administration (FDA) is set to make two key decisions on June 28, 2024, regarding treatments for blood cancers. Both Genmab A/S (GMAB) and AbbVie (ABBV) await the FDA's verdict on Epcoritamab-bysp (sBLA). This drug is being evaluated for its potential to expand treatment options for adult patients with relapsed or refractory follicular lymphoma (FL) who have already undergone multiple prior therapies.

In a separate announcement on the same day, the FDA will also deliver its verdict on Rocket Pharmaceuticals, Inc. (RCKT)'s drug KRESLADI (RP-L201), also known as RP-L201 (BLA). KRESLADI is being considered for a different but critical medical need - the treatment of severe Leukocyte Adhesion Deficiency-I, a rare immune disorder.

✨ If you like our content, be sure to check out our sponsor for this newsletter

Sponsored
Knocked-up MoneyIf your kids are screaming in the background and your finances are a mess, this is the place for you. I’ll send you quick reads on how to make and save money.

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.