| | | October 6, 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! Happy Friday! It's October 6th. I hope you have a great weekend. Now, let's get ready to trade! |
| U.S. indexes closed Thursday session close to where they started it. The Nasdaq, S&P 500, and Dow fell by 0.1% or less, while the small-cap Russell 2K notched a 0.2% gain. Today, futures are holding steady as we await the release of the Sept. Jobs Report at 8:30 a.m. ET. S&P 500 contracts are currently showing a 0.1% gain. Wall Street Legend: The Top 3 AI Stocks of 2023 Louis Navellier's system has identified 18 stocks that rose 10,000% or higher... And more than 675 stocks that went up 100%... Plus, he picked the #1 stock in the S&P 500, each and every year, from 2012 to 2021. Now, he just released his latest picks for the Top 3 AI stocks of 2023, and now could be an excellent time to get a jump on the move. Get the Complete Watchlist Here ⚪ NoneNo major market-moving news to report this morning. |
| Pioneer Natural Resources [PXD] - Last Close: $214.96 M&A rumors are boosting shares of Pioneer Natural Resources. Late Thursday, The Wall Street Journal report ExxonMobil [XOM] is considering a deal to acquire the company for roughly $60 billion. A deal could be announced in the coming days, but there's no guarantee negotiations won't fall apart at the last minute, according to inside sources. The two oil companies reportedly held talks about a potential deal in April, according to the Journal report. PXD is leading the S&P 500 with a 10.0% gain in response to the news. My Take: It seems investors are buying this rumor, but PXD has been having a rough run as of late. Its valuation looks good, but it's been locked into a steep downtrend since early September. Applied UV [AUVI] - Last Close: $0.3114 Applied UV unveiled a new product early this morning.
The commercial disinfectant systems company said it will introduce its new Airocide® Pro+ food preservation system at an upcoming trade show. The system safely & effectively removes ethylene, a natural gas that encourages ripening in fruits & vegetables, from refrigerated trucks to prevent spoilage. Applied UV said it will introduce the device alongside its development partner, Canon Virginia at the Global Produce & Floral Show running Oct. 19th to 21st, AUVI is trading actively with a 29.9% gain. My Take: The upcoming trade show could provide another catalyst for AUVI, but I think most of the good news may already be priced in after this move. Vaccinex [VCNX] - Last Close: $0.8202 Vaccinex is rallying on reports of insider buying. According to a recent Form 4 filing, Albert Friedberg, a 10% owner/director at the company, purchased $3 million worth of shares on Oct. 3rd. Friedberg now controls over 5 million shares of VCNX common stock. Shares of VCNX are up 40.1% on active trading volume in the premarket. My Take: VCNX also has a rough-looking chart, and it could be a while before it re-establishes a positive trend. This rally could be short-lived. ParaZero [PRZO] - Last Close: $0.6476 A favorable regulatory decision is lifting shares of ParaZero. Australia's Civil Aviation Safety Agency authorized OVRL drones to operate in populated areas when using ParaZero's safety system. ParaZero's advanced parachute safety system will ensure a disabled drone doesn't fall from the sky, potentially injuring civilians and damaging property. OVRL, ParaZero's regional partner, is a commercial drone operator and training organization, whose drones will utilize the parachute system. Shares of PRZO are up 43.3% in response to the green light from regulators. My Take: PRZO has performed poorly since debuting in July, but this story could generate some interest in the company. I'm keeping my eye on this one. GainersEiger Biopharma [EIGR] >> +34.4%RVL Pharma [RVLP] >> +25.2%Rail Vision Unit [RVSN] >> +22.2% DeclinersOmniq Corp [OMQS] >> (42.6%) Near Intelligence [NIR] >> (14.1%)AgriFORCE Growing [AGRI] >> (15.7%) None U.S. employment report [Sep] ... 8:30aU.S. unemployment rate [Sep] ... 8:30aU.S. hourly wages [Sep] ... 8:30aConsumer credit [Aug] ... 3:00p |
| 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. |
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