Pfizer in Talks to Buyout Biotech Company

Attention traders: It’s Monday and our Lead Trading Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see the potential trade setups he’s looking at.

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures pushed higher on Monday. The boost came after Wall Street’s worst week since December as traders came to terms with the Federal Reserve’s continued strict policy on interest rates.

Cheaper valuations can lead to many traders buying back into stocks. And there’s one value stock we got in on early at Trade of the Day Plus that’s starting to see some gains. It was trading at just under $2, and it recently spiked 22%!

Click here to see why our Head Fundamental Tactician Karim Rahemtulla is so bullish on this well-known company.

Seagen Inc. (Nasdaq: SGEN)

Seagen is up 18.32% premarket after it was announced that Pfizer is in talks to buy the cancer therapy developer for more than $80 billon. The talks are at an early stage and there is no guarantee there will be a deal. There are a number of hurdles, including the potential for a stringent antitrust review of any proposal.

Medical stocks could provide massive potential for big gains. See why our friend Alexander Green is focusing on predicting the next big medical company. Right now he believes one medical group’s stock could rocket from $3 to $100 within one year.

Click here to unlock this medical device company.

Union Pacific Corporation (NYSE: UNP)

Union Pacific Corporation is up 9.74% premarket after it was announced Chief Executive Lance Fritz will step down this year after a hedge fund pushed for change. The largest U.S. freight railroad operator formed a task force with an outside consultant to find a successor for Fritz. This came hours after the New York hedge fund Soroban Capital Partners published a letter arguing that Union Pacific had underperformed.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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