- Premium Stock Alerts
- Posts
- Top Pre-Market Gainers & Upgraded Stocks
Top Pre-Market Gainers & Upgraded Stocks
Noor Saba
August 07, 2024
You are receiving this newsletter as a subscriber to Premium Stock Alerts
Hello Part-time Trader…👋
Stock futures are on the rise again in premarket trading, suggesting that Monday’s dramatic selloff might be just a temporary setback rather than a prolonged trend. Investors can breathe a sigh of relief as fears of a full-blown market crash subside.
In the bond market, yields have edged up over the past 24 hours. The benchmark 10-year U.S. Treasury bond yield stands at 3.923%, while the 2-year note yield is at 4.024%.
On the corporate front, Super Micro Computer reported fiscal fourth-quarter earnings that fell short of analysts' expectations. Meanwhile, Lumen's stock surged for a second consecutive day after the company raised its full-year cash flow guidance, and Airbnb is observing signs of slowing U.S. demand.
Today, keep an eye out for earnings reports from Walt Disney, CVS Health, and Shopify before the market opens. Additionally, Nvidia's partner Super Micro Computer has discussed the potential impact of delays in shipments of the next-generation Blackwell chips.
Happening Today
✓ 10:30 AM ET – Crude Oil Inventories
✓ 10:30 AM ET – Cushing Crude Oil Inventories
✓ 01:00 PM ET – 10-Year Note Auction
✓ 03:00 AM ET – Consumer Credit (Jun)
Pick a losing trade?
You're not alone, but how you recoup from your loss matters, and veteran investor Tom Busby would know.
I get real in this guide-one of the first things I talk about is my biggest failure-but I want the average investor to see how you can rebound and come back stronger than ever!
In his free Little Black Book, Busby reveals...click here to keep reading.
Sponsored
PREMARKET SNAPSHOT📈
Market futures are showing strong gains, with the S&P 500 up 1.26%, the Dow rising 0.89%, and the NASDAQ gaining 1.49%.
S&P500$5332.75 ⬆️ 1.26% | Dow$39492.00 ⬆️ 0.89% | NASDAQ$18449.75 ⬆️ 1.49% |
SECTOR SNAPSHOT✨
The market rebounded strongly, with all sectors posting gains. Financials and Industrials led the recovery, reflecting renewed investor confidence. Information Technology and Communication Services also saw robust performances, contributing to the overall positive sentiment. Real Estate experienced a notable surge, highlighting its resilience. Consumer Discretionary and Health Care added to the upbeat tone with solid gains. Overall, it was a day of widespread optimism, with every sector benefiting from the market's upward momentum.
NAME | PRICE | %CHANGE |
|---|---|---|
Consumer Discretionary | 1,384.87 | +1.04% 🟢 |
Consumer Staples | 838.82 | +0.55% 🟢 |
Energy | 667.46 | +0.40% 🟢 |
Financials | 689.62 | +1.46% 🟢 |
Health Care | 1,718.33 | +0.48% 🟢 |
Industrials | 1,032.91 | +1.18% 🟢 |
Materials | 557.73 | +0.56% 🟢 |
Real Estate | 260.75 | +2.30% 🟢 |
Information Technology | 3,915.24 | +1.11% 🟢 |
Communication Services | 287.80 | +1.22% 🟢 |
Utilities | 369.89 | +0.82% 🟢 |
Eric Fry is back with more recommendations for outperforming in the 2024 market. He's tracked down 7 picks and 3 of them are AI gems that you won't want to miss. As the man who's picked 41 stocks that did over 1000%, he's best qualified to make these recommendations.
Download this brand-new report now.
Sponsored
PreMarket Unusual Volume Stocks
📈 Zhongchao Inc (ZCMD): Zhongchao Inc experienced a significant increase in trading activity with a volume of 7,142,952, far exceeding its average volume of 60,400. This surge in activity led to an 82.48% price change, reflecting heightened market interest.
📈 Scorpius Holdings Inc. (SCPX): Scorpius Holdings Inc. saw its trading volume rise to 665,622, significantly higher than its average of 85,040. Despite the increased trading activity, the stock experienced a -79.75% price change.
📈 Richtech Robotics Inc. (RR): Richtech Robotics Inc. saw an extraordinary surge in volume, trading 26,736,336 shares compared to its average of 4,133,770. This dramatic increase resulted in a 43.54% price change, indicating strong investor activity.
📈 Snow Lake Resources Ltd (LITM): Snow Lake Resources Ltd's trading volume rose to 592,562, significantly higher than its average of 175,400. The stock's price change of 5.92% mirrors this spike in trading volume.
📈 AirNet Technology Inc ADR (ANTE): AirNet Technology Inc ADR saw its volume rise to 605,054, far surpassing its average of 250,570. This increase in trading activity resulted in a 21.87% price change.
I put my personal money to work last September as the market pulled back. Did the same in April. Now, I'm rearing up to buy more as my #1 indicator is flashing for another pullback. I've used this #1 indicator since 1997. It let me and my readers know to sell in February 2020 before the Covid crash. The indicator is free to use and easy to overlay on your charts.
Here's my #1 indicator to try out now.
Sponsored
Premarket Picks
G1 Therapeutics, Inc. (GTHX) stock skyrocketed by over 64% in early trading after the company announced it would be bought by Pharmacosmos Group.
Inogen, Inc. (INGN) shares jumped by more than 25% at the market open following their latest financial report. The company's revenue grew by 6.1% compared to the same period last year.
Veracyte, Inc. (VCYT) stock climbed over 21% in pre-market trading after the company reported a 27% increase in total revenue for the second quarter.
Upstart Holdings, Inc. (UPST) stock surged by nearly 25% at the market start after the company released its financial results for the second quarter.
Below is a list of other hot stocks in pre-market today:
Pre Market Gainers | Pre Market Change | Pre Market Volume |
|---|---|---|
ZCMD | +55.05% | 2.01M |
GTHX | +63.65% | 793.48K |
FFIE | +5.42% | 564.42K |
LITM | +15.63% | 444.53K |
OPEN | +4.96% | 188.24K |
UPST | +22.41% | 165.22K |
RSLS | +10.44% | 108.88K |
XAIR | +18.84% | 61.82K |
OPFI | +17.70% | 43.78K |
VFC | +9.85% | 43.42K |
This FREE investing research report looks at potential winners for 2024 and the next stocks, which could be the biggest companies in their markets. And we've got the next 7 upcoming superstars that fit the bill. This proprietary, exclusive list is absolutely FREE.
Get Your FREE Copy of "7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google" Here.
Sponsored
Top Upgrades:
1. Cognizant Technology Solutions Corp. (CTSH)
Analyst Firm: BofA
Price target: $75
Yesterday’s market close: $72.65
BofA upgraded Cognizant Technology Solutions Corp. (CTSH) from Underperform to Neutral and set a price target of $75.
2. Builders Firstsource Inc (BLDR)
Analyst Firm: Baird
Price target: $190
Yesterday’s market close: $155.73
Baird upgraded Builders Firstsource Inc (BLDR) to Outperform and set a price target of $190.
3. Fortinet Inc (FTNT)
Analyst Firm: HSBC
Price target: $59
Yesterday’s market close: $55.81
Exane BNP Paribas upgraded Fortinet Inc (FTNT) from Reduce to Hold with a price target of $59.
Thanks to a new anomaly studied by Princeton, regular folks can now target returns of 50% or more in six days or less. The man behind this discovery says the next opportunity is set to fire this Thursday afternoon.
Click here for details
Sponsored
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.
Reply