Uranium Boom Could SKYROCKET This Stock 🚀

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Stocks turned south on Tuesday after waffling through the start of the week. Small-caps performed slightly better, but we’re still down on the session.

Futures are mixed in early trading. S&P 500 contracts are currently hovering around even.

Uranium Boom Could SKYROCKET This Stock

Uranium is on its biggest run since 2005, with no signs of slowing down.

One small publicly-traded company who just partnered with the world's second-largest uranium producer could be particularly compelling.

This tiny stock could be positioning for a massive breakout that could deliver enormous windfalls for early movers.

And there’s still time to get in near the ground floor.

Get the Ticker & a Full Report Here

🇯🇵 Yen Soars as Japan Nears Interest Rate Shift

The Japanese yen soared to a three-month peak against the dollar, reaching 144.55 yen, after markets interpreted Bank of Japan Governor Kazuo Ueda's remarks as a signal for an upcoming rate hike.

The currency's rally comes amid growing expectations of an end to Japan's era of negative interest rates.

📉 Market Reactions:

🔍 Ueda's Pivotal Comments:

Speaking in Parliament, Ueda noted the challenges facing Japan's economy, particularly as the year ends and into the next. His words have added fuel to the speculation about the Bank of Japan's (BOJ) potential move away from negative interest rates.

📆 January's Key Update:

BOJ observers are eyeing January for the central bank to scrap negative rates, coinciding with its updated inflation outlook. Ueda's comments seem to allude to the complexities of transitioning to a new rate regime.

📈 Inflation and Monetary Easing:

Deputy Governor Ryozo Himino also contributed to the speculations by indicating the BOJ's readiness for a smooth exit from monetary easing once a sustainable 2% inflation rate is achieved – a target that has been surpassed since last year.

As the yen strengthens and markets adjust, Japan is on the cusp of a significant monetary policy shift, moving away from the negative rates that have long defined its approach to inflation and economic growth.

MicroAlgo [MLGO] - Last Close: $9.58

The tiny algorithmic solutions stock continues to soar in today’s premarket, after adding 295.8% in Wednesday’s session.

MicroAlgo began to rally after it announced plans to launch a postgraduate training center in China to recruit new talent from local universities.

The stock has already seen enormous gains in the aftermath of the announcement, but it’s not slowing down today.

MLGO is one of this morning’s top stocks, with a 60.1% gain, and more than 3.65 million shares have been traded in the premarket.

My Take: Not sure what’s going on here, but it doesn’t seem organic. MLGO had an 8.54% short percentage as of Nov. 15th, which may have played a role in its dramatic rise over the past few days.

WiMi Hologram Cloud [WIMI] - Last Close: $0.7190

The Chinese augmented reality firm has been on a hot streak after publishing several notable press releases over the past few days.

In its latest release from this morning, the company says it has developed “explainable artificial intelligence (XAI)-based fNIRS neuroimage classification.”

The system uses sophisticated AI to process, analyze, and interpret data for accurate measurement & analysis of brain activity.

Shares of WIMI are up 30.7% and 6.81 million shares have been traded in today’s premarket.

My Take: There’s been a lot of activity in WIMI lately. Plus, we saw a big volume spike on Wednesday, backed by a 15% gain. This stock could be in the early phases of a run up, but the downside risk could be significant.

Barnes & Noble Education [BNED] - Last Close: $1.05

A strong quarterly report is giving the educational textbook vendor a boost in today’s premarket.

Barnes & Noble Ed. posted fiscal Q2 EPS of $0.46 after Wednesday’s close, topping the Street’s $0.43 estimate.

However, sales of $610.4 million narrowly missed analysts’ $616.31 million consensus forecast.

The company also maintained its fiscal 2024 guidance of consolidated non-GAAP Adjusted EBITDA from continuing operations.

After the reports release, analysts from Needham reiterated their “buy” rating on the stock and maintained a $4 price target.

BNED is up 23.3% with 1.05 million shares traded.

My Take: BNED has struggled for some time, but it’s showing signs of life lately. I’m not bullish on this stock’s long-term outlook, but it’s showing decent support at the $1 mark, so there could be some upside potential here.

Cyngn [CYN] - Last Close: $0.2439

The autonomous vehicle pioneer is soaring this morning after announcing its 17th U.S. patent for its self-driving tech.

Cyngn said it was awarded patent US-11,837,089-B2 for “autonomous vehicle and driving solutions.”

CEO Lior Tal said in a press release, “These novel inventions help to set us apart by enabling automation solutions with unique value propositions to our customers.”

CYN is this morning’s top mover with a 99.9% gain on over 21.5 million shares traded.

My Take: CYN has already pulled back a bit from its premarket peak, so I think this rally may have already topped out. However, there’s a lot of shares trading, so there could be short-term opportunities here.

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