This Tiny Stock is Up 723% since Wednesday! 🚀

Stocks extended their slide on Thursday, with the Dow and S&P 500 dropping 0.7%. The Nasdaq & Russell 2K fell 0.9% on the day.

Futures are creeping higher in early premarket trading, but not by a wide margin. S&P 500 contracts are currently up less than 0.1%, and Dow contracts are showing a 0.1% loss.

📉 Crypto-Lender Genesis Files Chapter 11: Yesterday's rumors turned out to be true. Late Thursday night, Crypto lender Genesis filed for bankruptcy protection in New York, becoming the latest casualty of the FTX fiasco.

Netflix is leading the Nasdaq higher after a strong earnings report.

The leading streaming stock reported its Q4 results after Thursday's close, and investors were pleasantly surprised with the results.

Netflix added more subscribers than expected in the quarter, and reported revenues that fell in line with analyst expectations.

However, the company's EPS fell to just $0.12 per diluted share from $1.33 a year ago, well below the analyst consensus of $0.48 per share.

Netflix also announced CEO Reed Hastings would step down from the CEO position to serve as "executive chair." For now, he has appointed two co-CEOs to take his place.

NFLX is leading the S&P 500 with a 6.4% gain on active premarket trading volume.

My Take: Netflix is moving higher on unexpectedly strong subscriber growth, but it's financials didn't look great. The company's EPS and sales guidance both missed the consensus, and earnings slowed dramatically from last year. However, the market seems to be happy enough with the quarter.

Genius Group is still running hot after a triple-digit rally on Thursday.

The business consulting firm announced yesterday that its board has approved an action plan to address allege illegal shorting of its stock.

The company will create a board-led "Illegal Trading Task Force" to actively pursue all possible actions, including prosecution, against market manipulators.

Genius Group says the Task Force will be led by former Deputy Director of the F.B.I. and Genius Group Director, Timothy Murphy, among other top execs.

GNS rallied 290% on Thursday, and it's still running hot. It's this morning's top performer with a 101.9% gain on active premarket trading volume.

My Take: This move seems like it's quickly becoming overdone. I don't have a lot of background on the situation at GNS, but news of a board-appointed task force doesn't seem to justify shares more than quadrupling in value in less than 24 hours. Be very cautious if you're thinking of getting involved at this point.

Helbiz just landed a much-needed investment.

The urban transportation company filed a Form 424B2 after Thursday's close that notified investors of the issuance and sale of 5 million shares.

Helbiz says the transaction falls under a previously announced Standby Equity Purchase Agreement with YA II PN, Ltd, aka Yorkville.

The transaction is expected to general proceeds of $664,000; which the company says will go towards general corporate purposes.

HLBZ is trading actively with a 50.8% gain in response to the news.

My Take: This investment deal may be giving investors confidence that HLBZ isn't dead in the water just yet. The company has had a rough run lately, but there could be tremendous upside if it can return to its former highs.

WiSA Technologies [WISA] - Last Close: $0.1233

A major Wall Street player has taken an interest in WiSA Technologies.

A Form 3 filing from Thursday revealed that Goldman Sachs [GS] had amassed a large equity position in the wireless audio technology company.

According to the filing, Goldman has amassed more than 9.1 million shares of WISA, giving them control of roughly 12.9% of the company's shares.

News of Goldman's interest in the tiny company sent shares of WISA to a 29.1% gain on Thursday, and it's still trending higher in today's premarket.

WISA is up 41.2% ahead of the opening bell, and it's one of this morning's most actively-traded stocks.

My Take: Anytime a large Wall Street player like Goldman takes a stake in a tiny company like this, the first word on investors' minds is, "buyout." WISA could see huge gains if Goldman's ownership stake turns into an acquisition proposal.

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