China Stocks Surge…
Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were lower on Monday. Investors are waiting on the latest interest rate policy from the Federal Reserve. Also, a surge in China stocks over a loosening of Covid-19 restrictions failed to boost U.S. equities.
We’ve been following the developments in China in The War Room. If you want to see exactly how we’re playing it, come join us.
Click here to unlock The War Room.
Attention watchlist readers: We have an exciting addition starting this week in The Wake-Up Watchlist. Every Monday, our Technical Tactician Nate Bear is going to show you a few stocks he’s following. This week he’s got his eye on one of the big e-commerce companies.
Click the image below to see his watchlist stocks for today.
Here’s a look at the top-moving stocks this morning.
Nio (Nasdaq: NIO)
Nio shares were up 8% premarket after several China-based companies soared this week due to the Chinese government calling for less restrictive Covid-19 policies. However, that wasn’t the only reason Nio popped. Investors also believe Nio’s business has turned the corner. Last quarter, Nio’s increased production capacity started to pay off. It delivered 31,607 electric sedans and SUVs, with projections to produce 43,000 and 48,000 in the fourth quarter.
As the electric vehicle sector ramps up in China, there are other EV stocks our friend Andy Snyder wants you to know about. Right now there’s a $25 startup that’s poised to dominate the EV market. The Wall Street Journal says this car ‘could be the next Tesla.’ It has a zero-to-60 time of 2.5 seconds and it’s faster than super-cars like Ferrari’s F-8.
Click here to discover this game-changing EV company.
Billibili Inc. (Nasdaq: BILI)
Bilibili Inc. is up 15.93% premarket after China’s streaming video company continues to gain advertisers as its popularity among Gen Z users grows. Its gaming business (26% of its revenue last quarter) also continued growing. Analysts expect its revenue to rise 13% for the full year.
Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team