| | | March 15, 2022 Welcome to the BRAND NEW Stock Dork Premarket Report, your go-to guide for the day's biggest trading news and hottest premarket stocks. Keep an eye out for our Premarket Reports moving forward and, as always, we invite you to reply to this email with your feedback, suggestions, or comments. Today is Tuesday, March 15th. Here's what's moving the market: |
| Stocks fell again in Monday's session. The Dow ended the day flat, but the Nasdaq lost 2.0% on the session, and the S&P 500 slid 0.7%. The small-cap Russell 2k also suffered declines of 1.9%. Today, futures are showing slight gains heading into the open. S&P 500 contracts are currently up 0.3%. United Airlines [UAL] - Last Close: $35.02 United Airlines is trending on an upbeat forecast. The company and two other major US airlines raised their revenue forecast for the current quarter this morning, and investors are taking it as a sign that the industry's pandemic-induced funk may be fading for good. United, Delta Airlines, and Southwest Airlines reported strong demand for air travel in the quarter, and the news allayed some of the market's concerns about the Russia-Ukraine war's impact on revenues. UAL is leading the S&P 500 with a 3.4% gain in today's premarket. Hycroft Mining Holding Corp. [HYMC] - Last Close: $1.39 Hycroft Mining is surging on news of an odd couple investment deal. This morning, movie theater operator and meme stock AMC Entertainment announced a plan to acquire 22% of Hycroft Mining. The theater operator will also receive 23.4 million warrants, which will give them the option to purchase additional shares at $1.07. In return, AMC will invest $27.9 million in cash in Hycroft in exchange for 23,408,240 shares and the same amount in warrants. Hycroft currently holds the 71,000-acre Hycroft Mine in northern Nevada. Independent third-party studies confirm that the Hycroft Mine has some 15 million ounces of gold resources and some 600 million ounces of silver resources. Another major gold & silver investor, Eric Sprott, will match AMC's contribution with an $27.9 million investment of its own under a nearly identical deal. HYMC is today's most active premarket stock, and it's up 87.1%. Incannex Healthcare Limited [IXHL] - Last Close: $22.90 Incannex is up on a recent clinical update. The cannabinoid pharma stock is showing sharp gains in today's premarket, just a few days after releasing an upbeat clinical update on its clinical trial for IHL-42X in patients with obstructive sleep apnea. The study found substantial reduction in symptoms, and the drug was well tolerated in the trial. The company will have a pre-Investigational New Drug application meeting with the FDA on May 11th, 2022. Shares of IXHL are up 52.8% in today's premarket. AgriFORCE Growing Systems [EXN] - Last Close: $1.24 AgriFORCE is up big as the Russia-Ukraine standoff continues to concern investors. The mining and minerals stock is up again today as investors seek ways to capitalize on the economic turmoil in Europe. Russia produces roughly 2/3rds of the world's fertilizer, and the country recently cut off all exports of this vital resource. Economists believe the move could send fertilizer and food production costs soaring. AgriFORCE has seen big gains in recent days as some investors have piled on in hopes the company can benefit from the tightened supply. AGRI is trading actively with an 8.6% gain this morning. |
| Gainers CooTek Cayman [CTK] >> +37.9%% Guardforce AI [GFAI] >> +9.9% Regional Health [RHE] >> +28.3% Decliners Mullen Automotive [MULN] >> (9.6%) Coupa Software [COUP] >> (26.7%) Evolv Technology [EVLV] >> (23.1%) SentinelOne [S] ... PM Smartsheet [SMAR] ... PM |
| Producer Price Index [Feb] ... 8:30a |
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