This Meme Stock Continues to Tank

Attention Wake-Up Watchlisters! It’s early in the week, and you know what that means. Our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. This week he’s got his eye on a chart in the beverage sector that’s coming together perfectly for a trade. Click the video below to learn what that trade is.

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures rose as China eases COVID protocols. The country recently decided to scrap quarantine requirements for inbound travelers beginning Jan. 8. The National Health Commission also said Monday that the nation’s management of the virus will be downgraded from Category B from the top-level Category A.

While there have been small boosts to the market in recent days, there could still be more pain ahead. Right now analysts are predicting a 60% chance of a recession in 2023, which is why we want to make sure you have every investment option at your disposal. Our Head Fundamental Tactician Karim Rahemtulla is showing traders a $3 alternative investing strategy to help them safeguard their money heading into the new year.

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

AMC Entertainment Holdings (NYSE: AMC)

AMC Entertainment is down 7.05% premarket as 2022 continues to be a rough year for meme stocks. The monster ascent of GameStop, Bed Bath & Beyond and AMC back in 2021 feels like a distant memory now. The latest down move from AMC came after the theater chain announced plans to sell stock to a private investment firm.

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Tesla (Nasdaq: TSLA)

Tesla is down 4.99% premarket as the EV maker’s market cap is set to fall below Walmart and JPMorgan Chase. The latest selloff could drop the electric vehicle maker down to 14th on the list of most S&P 500 companies. Tesla now sits just above semiconductor maker Nvidia Corp. (NVDA), which had a market cap of $374.07 billion on Friday.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team