Renewable Energy Stock Surging 90%

Good morning. It's November 4th, and today, we’ll look at Constellation Energy’s promising Q3 results, NVIDIA’s entry into the DJIA, and a renewable energy stock that is rallying by more than 90% in premarket trade.

Previous Close 📈

Stocks started November on a positive note, with gains driven by big technology stocks. Investors are now focused on Tuesday’s U.S. presidential election, which could shape fiscal and economic policies depending on the party outcomes.

Futures

Futures are mixed today. Dow futures are down 88 points, while S&P 500 futures are up 0.1%, and Nasdaq 100 futures have gained 0.15%. Alongside the election, Wall Street is anticipating a rate cut from the Federal Reserve. Investors will closely watch Fed Chair Jerome Powell’s commentary for clues on future policy direction.

Trader’s War Room

Election Week’s Massive Overnight Trade Opportunity

Election Week is shaping up to deliver some of the most explosive overnight trades yet. Imagine scoring gains of 214%, 190%, and even 293% in just one week.

With election-driven market moves, these types of trades could be on the horizon again.

From November 4th to 8th, you’re invited to a FREE Open House. Join the action with real-time trade recommendations, including powerful Overnight Trades, and participate in a special Post-Election Livestream Trading Event to catch key market moves right as they happen.

During the 2020 election, similar insights led to massive gains—stocks like Innovative Industrial Properties (IIPR) climbed 132%, Grow Generation hit 272%, and the Aerospace and Defense ETF XAR rose 53%.

Many members saw even higher returns by using options on these trades.

Don’t miss out—get the chance to trade alongside expert tacticians during this prime election trading window.

What to Watch

Marriott International (NYSE: MAR) and Fidelity National Information Services (NYSE: FIS) will report their quarterly numbers before the market opens today.

Vertex Pharmaceuticals (NASDAQ: VRTX), Palantir Technologies (NYSE: PLTR), NXP Semiconductors N.V. (NASDAQ: NXPI), and American International Group (NYSE: AIG) will report their results after the closing bell.

Watch out for the Factory Orders data for September, which will be released at 10:00 a.m. ET, providing insights into manufacturing activity and demand in the economy.

Energy

Constellation Reports Strong Q3 Earnings, Announces 20-Year Deal with Microsoft, But Shares Plummet

Constellation Energy Corporation’s third-quarter 2024 earnings are better than expected, driven by strong performance in its nuclear operations. The company’s GAAP net income of $3.82 per share is up from $2.26 per share in Q3 2023, while adjusted operating earnings are at $2.74 per share, beating last year’s $2.13.

On the strength of this performance, Constellation raised its full-year adjusted earnings guidance range to $8.00-$8.40 per share, up from its previous midpoint of $7.60. Despite the strong earnings, the stock is falling by nearly 7% in premarket trade.

A major development this quarter was the signing of a 20-year power purchase agreement (PPA) with Microsoft, supporting the launch of the Crane Clean Energy Center, which will repurpose the previously retired Three Mile Island Unit 1 as a clean energy provider.

Microsoft’s commitment to sourcing clean energy for its data centers aligns with Constellation’s goal of advancing reliable, emissions-free energy. The project, estimated to cost $1.6 billion, is expected to be operational by 2028, pending regulatory approvals.

Constellation’s nuclear fleet delivered a solid 45,510 gigawatt-hours (GWh) in the quarter, slightly up from 44,125 GWh last year, with a 95% capacity factor for plants under its ownership. The company’s other energy operations, including natural gas and renewables, maintained high efficiency, with a 98.2% dispatch rate for its fleet.

Technology

Supreme Court to Consider Limiting Private Securities Fraud Suits Against Facebook and NVIDIA

The U.S. Supreme Court is set to hear appeals by Meta’s Facebook and NVIDIA as both companies seek to dismiss federal securities fraud class actions. The cases may set precedents, potentially limiting the ability of private plaintiffs to bring securities fraud suits against corporations.

Following recent Supreme Court rulings that limited federal regulators’ powers, some experts suggest Facebook and NVIDIA could receive a favorable reception from the Court’s 6-3 conservative majority.

Facebook’s appeal, scheduled for argument on Wednesday, involves a suit from investors who allege the company misled them by failing to disclose a 2015 data breach involving Cambridge Analytica.

The plaintiffs, led by Amalgamated Bank, claim that Facebook withheld critical information, resulting in stock losses. Facebook counters that it was not obligated to reveal past breaches in its risk disclosures, as these statements are typically “forward-looking.”

NVIDIA, whose appeal will be heard on November 13, faces a suit led by E. Ohman J:or Fonder AB accusing the company of downplaying the impact of crypto-related sales on its revenue. The plaintiffs argue that this misled investors, while NVIDIA contends that the claims fail to meet legal standards for securities fraud set by the Private Securities Litigation Reform Act.

Legal experts note that weakening federal regulatory oversight could amplify the importance of private securities litigation as a means of holding corporations accountable. The Supreme Court’s decisions in these cases may have far-reaching implications for securities fraud enforcement.

Semiconductors

NVIDIA Joins Dow Jones Industrial Average as Intel Bows Out, Shares Surge

NVIDIA stock is rising nearly 2% in premarket trading today, following its inclusion in the Dow Jones Industrial Average. NVIDIA is set to replace Intel in the 30-stock index this week, a change S&P Dow Jones Indices announced to better reflect the semiconductor sector’s growing influence.

This addition, while not expected to significantly drive NVIDIA stock purchases—since few funds track the Dow as closely as the S&P 500—underscores NVIDIA's position as a leading U.S. chipmaker.

Beyond the Dow inclusion, NVIDIA's stock is supported by continued investment in artificial intelligence (AI) by large technology companies. NVIDIA's Blackwell processors, pivotal for AI infrastructure, have attracted attention as tech giants increase their spending on AI capabilities.

NVIDIA, now the second-largest company in the U.S. by market value at $3.3 trillion, trails only Apple. While Intel shares are down 2.4% in premarket trading, NVIDIA's inclusion reflects its rising influence in both the chip and AI sectors as the company continues to gain momentum.

Political Power Plays

Free Report: Six of the Best Stocks to Buy Ahead of the 2024 Election

We already know Trump has vowed to "drill, baby, drill," which would be beneficial for domestic oil companies.

Cryptocurrencies could also do well, especially with Trump's pro-crypto running mate, Senator J.D. Vance. Plus, Trump is also bullish on cryptocurrencies, referring to himself as pro-crypto.

If you believe Vice President Kamala Harris will win the election, you may want to invest in all things green. That includes green energy and cannabis.

Get the detailed report here!

Vast Renewables Limited [VSTE] - Last Close: $4.80

Vast Renewables is continuing its massive bull run from Friday, when it surged by 140%, to grow by another 90% in premarket trading today.

The stock is garnering so much excitement after the firm announced a major partnership with GGS Energy to develop a large-scale renewable fuel project, Project Bravo, in the Southwestern United States.

The project will use Vast's concentrated solar thermal power (CSP) technology to produce green methanol and sustainable aviation fuel (SAF), both vital for decarbonizing shipping and aviation.

This partnership represents Vast’s first U.S. deployment and promises to reduce green fuel production costs significantly, potentially attracting long-term contracts from global partners.

Air Transport Services Group [ATSG] - Last Close: $17.40

Air Transport Services Group is rising by more than 20% in premarket trading today.

Reports have emerged that Stonepeak Infrastructure Partners is close to acquiring the company in a deal valued at $3.1 billion.

This acquisition offer would pay ATSG shareholders $22.50 per share, which is a 30% premium over its recent closing price.

Investors see this potential buyout as a positive move, as it values ATSG higher than its current market price, making shares more attractive and driving up demand.

Viking Therapeutics [VKTX] - Last Close: $72.88

Viking Therapeutics shares are surging 11% in premarket trading following positive early results for its oral obesity pill, VK2735.

In an early-stage study, patients taking the highest dose of 100 mg experienced an average 8.2% weight loss over 28 days—6.8% more than those on a placebo.

Unlike current obesity treatments that require injections, Viking's oral pill could offer a convenient alternative for patients.

This promising development places Viking in a competitive position in the weight loss market, with other major players like Eli Lilly and Novo Nordisk also pursuing oral alternatives.

Smart Algorithm

Trading Experts Call It "The World's Most Predictable Pattern"

Imagine trading with a pattern so consistent, it’s known as "the world's most predictable pattern."

One seasoned trader from north Florida has used this strategy to grow his model portfolio by an impressive 85% per year, all by tapping into the reliable moves of Wall Street’s algorithms.

This pattern isn’t just theory; it’s been tested and proven time and again, bringing in steady gains even during volatile market conditions.

Now, he's offering access to this approach for free, giving traders a chance to see how it’s done and make it part of their own toolkit.

If you're looking for a method that’s designed to deliver consistent results, this could be the game-changer you've been waiting for.

Click here to unlock this trading pattern and see how it can work for you.

Everything Else

• The European Commission will assess Apple's compliance with the Digital Markets Act for iPads.

• BioNTech's Q3 results showed strong revenue growth, leading to a rise in stock price during premarket trade.

• Enbridge's Mainline pipeline faces capacity limits as Canadian oil exports hit record levels.

• Singapore Airlines will begin Airbus A350 cabin upgrades in 2026, with an $835 million investment.

• Tesla's China deliveries fall year-over-year as BYD hits a monthly sales record.

• Alibaba pulled back from Metaverse investments, shifting focus towards AI growth.

• Moncler is reportedly considering a bid for Burberry.

• Volvo Cars' electrified models accounted for 48% of October sales as the European market grows by 21%.

• Buffett’s Berkshire slashed its Apple investment, citing tax implications and market concerns.

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.

Best Regards,

— Adam Garcia
Elite Trade Club

Click here to get our daily newsletter straight to your cell for free.

P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.