Woah Mongo…

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks slid on Wednesday. Yesterday top executives at Goldman Sachs, J.P. Morgan and Bank of America all voiced concerns about the economic outlook, triggering more recession worries. The negative sentiment boosted demand for the U.S. dollar and oil evened out after a big fall on Tuesday.

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Here’s a look at the top-moving stocks this morning.

MongoDB, Inc. (Nasdaq: MDB)

MongoDB, Inc. is up 28.21% premarket after reporting earnings of $0.23 versus expected losses of $0.17. The software company’s revenue came in at $333.6 million versus $305.09 million. Its results were highlighted by 61% revenue growth and $20 million of non-GAAP operating income. CEO Dev Ittycheria cited ‘continued strength in new business activity and improved Atlas consumption trends’ as primary reasons for the spike.

Fusion Fuel Green Plc (Nasdaq: HTOO)

Fusion Fuel Green is up 13.19% premarket after announcing today that the company has been approved for a $36 million grant for its ‘Sines Green Hydrogen Valley Alliance’ through component 5 of Portugal’s Recovery and Resilience Plan. The component is intended to align stakeholders to develop a domestic green hydrogen ecosystem.

With the Russia/Ukraine war sending energy prices soaring, the renewable energy sector is gaining more and more support. Our friend Andy Snyder wants you to know about a potentially revolutionary electric vehicle company. This company is trading at just $25 right now, but there’s reason to believe it could overtake Tesla one day.

Click here to see why Andy Snyder is pounding the table on this $25 EV startup.

Carvana Co. (NYSE: CVNA)

Carvana is down 18.63% premarket after company creditors led by Apollo Global Management and Pacific Investment Management Co. signed an agreement to talk credit with the company. The move is intended to avoid conflicts over debt restructuring. Firms holding 70% or about $4 billion of Carvana’s unsecured debt have signed the agreement.

Our Head Fundamental Tactician Karim Rahemtulla has been tracking recent insider buying on Carvana.

Click here to learn more about how his Insider Matrix works.

HEXO (Nasdaq: HEXO)

Hexo is up 8.90% premarket after announcing repayment of 8% of unsecured convertible debentures. The leading producer of high-quality cannabis products paid the amount of $40.14 million together with all accrued and unpaid interest. Paying off this debt looks to have built investor confidence.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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