A 1,000% Boost for This Medical Device Company

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks slumped on Tuesday. Pessimism continues to permeate Wall Street as global events reinforce a hawkish stance on rates. Japan recently adjusted the cap on its 10-year government bond yield, which weighed on investors as central banks around the world continue their aggressive monetary policy.

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

IceCure Medical (Nasdaq: ICCM)

IceCure Medical is up $178.66% premarket as the Israel-based medical device maker announced successful studies pertaining to its kidney tumor treatment at a Urological Association conference in Israel. The stock was up as much as 1,000% before pulling back. Its device is called Prosense, a minimally invasive medical device that seeks to destroy tumors by freezing them in a process called cryoblation.

Medical devices can be truly innovative when they live up to the hype. They could also lead to big gains in the stock market. Right now our friend Alexander Green wants traders to know about another medical device company. It’s currently trading for under $3 and Green says ‘it’s the most incredible investment opportunity I’ve seen in 37 years.’

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Lucid Group, Inc. (Nasdaq: LCID)

Lucid Group is up 5.12% premarket after the company raised more than $1.5 billion. The EV company sold more than 56.2 million shares of its common stock for gross proceeds of approximately $600 million. Lucid expects that the additional capital raised will further strengthen ts balance sheet and liquidity position.

The Walt Disney Company (NYSE: DIS)

The Walt Disney Company is up 0.29% premarket, but that’s not the potential big news. Over the past 12 months ending in November, there have been 3,772 deals between media and telecom companies – a 26% year-over-year decrease. However, Paramount CEO Bob Bakish said “Consolidation has been the rule in business for a long time, certainly been the rule in media. So it’s hard for me to bet on anything other than consolidation will happen in the future.” Overall, analysts expect more merger activity heading into 2023 as media companies focus less on adding subscribers and more on profitability. This could lead to potential media mega mergers.

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Axcella Health Inc. (Nasdaq: AXLA)

Axcella Health is down 25.23% premarket after the company put development of its NASH program aside and reduced its workforce by 85%. The company also announced its reprioritizing its programs for Long COVID Fatigue and a restructuring of operations.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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