| | | October 11, 2023 Hey traders! It's Michael here with the Stock Dork Cheat Sheet: Premarket Report, your go-to guide for the day's biggest trading news and hottest premarket stocks! Today is Wednesday, October 11th. I hope you have a great day in the market. Now, let's get ready to trade! |
| Stocks had a decent day on Tuesday, with the S&P 500 and Nasdaq adding half a point. The Dow followed with a 0.4% gain, and the small-cap Russell 2K rallied for a 1.1% gain. Today, futures are up in early trading. S&P 500 contracts are currently holding onto a 0.3% gain. Get the Ultimate Dividend Package FOR FREE! Marc Lichtenfeld, author of Get Rich with Dividends, is giving away his Ultimate Dividend Package, featuring details on his #1 Dividend Stock... It's been called "the Safest 8% Dividend in the World"... One of the top-three "Extreme Dividend" stocks on the market... And Much, Much More. Get the Ticker & Loads of Valuable Resources Here ⚪ None.It's relatively quiet in today's premarket. No major market-moving news to report. |
| Athena Consumer Acquisition [ACAQ] - Last Close: $6.30 Athena Consumer SPAC is up after a shareholder vote. Investors in the blank-check firm announced a special meeting of shareholders to extend the closing deadline for its merger deal with Next.e.GO Mobile. The deadline was previously set fort October 22nd, but the SPAC announced some unexpected delays last week. Shareholders are expected to approve the extension, but the exact date of the special meeting couldn't be confirmed at the time of writing. ACAQ is one of today's top stocks with a 34.6% gain. My Take: I would expect to see some volatility in ACAQ in the coming weeks, but don't assume a vote to extend will push shares higher, as this could be a "buy the rumor, sell the news," scenario. Tempest Therapeutics [TPST] - Last Close: $0.2399 A clinical update is skyrocketing shares of Tempest Therapeutics. The oncology company released new data demonstrating the superiority of its TPST-1120 arm in a global Phase 1b/2 study. Tempest CEO said the new analysis shows "an even greater benefit than earlier interim analysis of the TPST-1120 triplet therapy over standard of care alone." Overall, the drug candidate produced superior treatment outcomes when combined with atezolizumab to treat metastatic hepatocellular carcinoma patients. The company will host a webcast conference call to discuss the results at 8:30 a.m. ET. TPST is far-and-away today's top stock, with a 358.3% gain in early trading. My Take: This is a major move for TPST, but it could be overdone. Be wary of a pullback. Matinas Biopharma Holdings [MTNB] - Last Close: $0.1550 New drug data is also lifting shares of Matinas Biopharma. Minutes ago, the tiny biopharma firm said a patient with infected with Candida krusei achieved complete clinical resolutions with MAT2203. MAT2203 is Matinas’ oral formulation of amphotericin B., an antifungal agent. The patient's attending physician said they were "thrilled with the positive clinical impact MAT2203 had on this extremely ill patient with limited treatment options." Shares of MTNB are up 52.8% in the premarket. My Take: MTNB's chart is pretty ugly, but it's shown signs of life lately. Volume has spiked in recent days, so this rally might have legs. Agilethought [AGIL] - Last Close: $0.1431 Agilethought is up after a favorable court ruling. After Tuesday's close, the company said a bankruptcy court entered an order approving bidding procedures between it and proposed buyer, Stalking Horse. The court decision clears the way for Stalking Horse to acquire some assets from the company in exchange for assuming $100 million in specified liabilities. The court's ruling lifted AGIL to a 31.9% premarket gain. My Take: AGIL is in bankruptcy, so its long-term trajectory isn't good. However, there could be some short-term trade opportunities ahead, thanks to its volatility. GainersWheeler REIT [WHLR] >> +107.8%Gaucho Group [VINO] >> +49.4%Connexa Sports Tech [CNXA] >> +25.7% DeclinersHylilion Holdings [HYLN] >> (34.4%) Silk Road Medical [SILK] >> (44.3%)Falcon's Beyond Global [FBYD] >> (24.0%) Richardson Electronics, Ltd. [RELL] ... PM Producer price index [Sep] ... 8:30aCore PPI [Sep] ... 8:30a |
| Thanks for reading! Don't forget, I'm always eager to hear from you. Reply to this email with your questions, comments, or general feedback, and I'll get back to you as soon as I can. Wishing you big returns on your investments this week, as always! - Michael "The Stock Dork" Taylor Disclaimer© 2023 TheStockDork.com. All rights reserved. This message was sent by TheStockDork.com and may contain commercial elements such as advertising. Read full terms here. |
|
|
|
| | |
|
