Electric Truck Maker Surges

Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stocks slipped on Wednesday, ending a two-day rally. Strategists are still skeptical the markets can sustain any type of forward momentum due to the Federal Reserve’s policy tightening and a potentially grim earnings season.

The Federal Reserve’s strong desire to reduce inflation has us worried. Right now we could be in the line for some more economic pain, which is why we’re giving you a variety of ways to invest OUTSIDE of the stock market.

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

Vicinity Motor (Nasdaq: VEV)

Vincinity Motors is up 53.27% premarket after the company began delivering Canada’s first Class 3 electric truck. The VMC 1200 is designed to meet the soaring demand for EV vehicles and distribution is expected to account for a significant portion of near-term sales.

The EV sector is exploding, and companies like Vincinity have the potential to see major gains. Check out what our friend Andy Snyder is saying about a once-in-a-generation EV company he believes could overtake Tesla one day.

Click here to unlock this company.

Bionano Genomics, Inc. (Nasdaq: BNGO)

Bionano Genomics is up 9.31% premarket after the company announced publication of a study showing the use of optical genome mapping to investigate a molecular subgroup of hepatocellular carcinoma, which is the most common form of liver cancer. The study showed optical genome mapping could allow for detecting 1.4 times more pathogenic variants than whole genome sequencing.

Innovative health companies often offer the biggest chance for massive upside in the markets. That’s why our friend Alexander Green is pounding the table on this breakthrough medical stock. Elon Musk recently sent this device into orbit and right now you can trade it for under $2.

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TOP Ships (Nasdaq: TOPS)

TOP Ships is up 14.92% premarket. The company recently reported strong revenue numbers. For the six months ending in June 2022, it reported total revenues of $38.8 million, a 53% increase from last year. Overall, it had a 412% increase in net income for the six months ending on June 30.

RPM International (NYSE: RPM)

RPM International is up 3.83% premarket after the company reported record results for the fiscal 2023 first quarter. Its first quarter net sales increased 17.1% to a record $1.93 billion. It also reported first-quarter net income of $169 million, a 25.6% increase.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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