The Bank Domino Fall…
Happy Monday Wake-up Watchlisters! Our Lead Trading Tactician Nate Bear is showing traders what to look for in the markets this week. Today he’s breaking down the latest bearish signal in the SPX. Plus, he’s got two new trade setups he’s watching. You won’t want to miss this one.
Click the image below to see the stocks he’s watching this week.
And if you’ve been following Nate Bear’s advice, we have some exciting news. For the first time… he’s going to show you the secret behind how he recently took $37,000 and generated over $2.7 million in verified trading profits! He’s inviting you to watch his trading process LIVE as he seeks to turn $37k into ANOTHER million-dollar portfolio – right before your eyes.
It all begins Wednesday, March 15th at 2 p.m. ET.
Click here to claim your FREE tickets to Nate’s Minivan Millionaire Livestream.
And while you’re sipping coffee you’ll see stock futures rose on Monday. Investors are moving into government debt and gold as the collapse of Silicon Valley continues (more on that below).
Speaking of gold, the truth is there’s a right and wrong way to invest in precious metals. Our friend Andy Snyder goes over the death of cash and a new opportunity most Americans don’t even know about in the video below.
Click here to learn more about how to invest in gold properly.
Here’s a look at the top-moving stocks this morning.
First Republic Bank (NYSE: FRC)
First Republic Bank is down 60.85% premarket after the weekend collapse of Signature Bank and Friday’s closure of SVB Financial. The fall came even as federal regulators stepped in to provide a new lending program. The Charles Schwab Corporation was also down 8.18% and PacWest Bancorp saw a 42% drop.
With so many stocks collapsing in recent days, it’s crucial to focus on value stocks that could weather the storm and come out stronger in the long run. Our Head Fundamental Tactician Karim Rahemtulla has been touting this under $1 stock for over a year now. It has everything he looks for, including a foothold in major emerging technology sectors. It even recently spiked 40% and all signs show it still has a lot of room to grow.
Click here to discover “The Last Great Value Stock.”
Seagen, Inc. (Nasdaq: SGEN)
Seagen is up 18.71% premarket after Pfizer agreed to buy the biotech company for $43 billion. The New York drugmaker would pay $229 a share in cash. The companies expect to close late this year or early net year. Seagen helped pioneer a class of drugs known for honing in on tumors to strike them with a toxic agent. Pfizer is looking to offset losses in sales as some of its top-selling drugs lose patent protection in the next several years.
Those are the biggest stock movers for today.
The Wake-Up Watchlist Research Team