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Tesla Inc – Shares are set for their worst day in nearly 6 months with investors preparing for Chief Executive Officer Elon Musk’s proposed shale sale following a weekend Twitter poll that saw Musk ask if he should sell 10% of his current holdings in the EV company, at one point the “Yes” category was as high as 58%.
Chinese Online Education – The group is trading higher premarket after the Wall Street Journal reported that Chinese regulators will now issue licenses for education companies to resume after school tutoring. GOTU, EDU, TAL, COE
Lucid Group Inc – Back on watch after Friday’s impressive 16% rally, the company has had multiple recent positive catalysts surrounding production and delivery targets. The company plans to only deliver a few hundred of its premium Air Dream edition cars into year-end, but early reviews are proving to be positive, with The Wall Street Journal calling it a worthy opponent to Tesla . And Road and Track said last month the Lucid Air “is so good it should make Tesla sweat.”
Crypto Stocks – Active premarket as BTC trades back toward all-time highs, while ether ETH=BTSP, which underpins the ethereum network, has already hit a record top of $4,723.62. COIN, HUT, BTBT, RIOT, MARA, BITF, FTFT, BITO
Infrastructure Stocks – Over the weekend we learned that the U.S. House of Representatives passed a more than $1 trillion infrastructure bill, sending the legislation to President Joe Biden for his signature. The package passed by the Senate in August would provide new funding for transportation, utilities and broadband, among other infrastructure projects. CAT, DE, X, NUE,CLF, CHPT, BLNK, FCEL
Lottery.com – Shares of the recent SPAC conversion are trading higher for the second straight session, the company announced it has commenced development of a blockchain Gaming Platform.
Mcafee Corp – Back on watch after Friday’s big move, the WSJ first reported that the company is near a deal to sell itself to Advent for over $10 billion.
Peloton Interactive – Active again premarket on multiple downgrades following Friday’s big post earnings selloff. As many as 5 analysts either cut their PT on the stock or downgraded the shares this morning.
Autolus Therapeutics – Said Blackstone Life Sciences will invest up to $250 million in Autolus to develop obe-cell in adult Acute Lymphoblastic Leukemia treatment.
Mainz Biomed – Low float cancer focused IPO from last week, gaining attention on social media.