Car Seller Pops 7%

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose on Tuesday after a positive day from Europe and Asia. Investors are preparing for inflation data and corporate results that could confirm fears about the health of the financial system.

As recession fears loom, there’s a rare opportunity to potentially increase your income we haven’t seen since 2007. Our Head Fundamental Tactician Karim Rahemtulla is revealing his “Super Income” system. He’s already seen a $79,487 profit in just one month from this process, and right now he’s showing traders the exact steps of how he did it.

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

Riot Platforms (Nasdaq: RIOT)

Riot Platforms is up 3.97% premarket and was up as high as 15% in after hours trading. Other crypto stocks such as Coinbase (COIN) was also up in after hours trading. There was no obvious reason for the boost, other than the fact that Bitcoin (BTC) traded 3.8% higher yesterday afternoon and. Also, rising interest rates crushed Bitcoin in 2022, and with the Federal Reserve’s interest rate hikes slowing down as of late, which has been historically good for riskier assets like Bitcoin.

While we’re not the biggest fans of cryptocurrency as a store of value, we’re currently positioned on Coinbase Global (COIN) in The War Room.

Click here to unlock that trade.

CarMax, Inc. (NYSE: KMX)

CarMax is up 7.36% premarket after reporting fourth quarter and fiscal year results. Despite net revenue falling well short of expectations due to “vehicle affordability challenges,” the used car seller reported fiscal fourth-quarter profit that was more than double was expected. Overall, retail gross profit per used vehicle rose $82, or 3.7%, to $2,277.

We made an overnight trade on KMX just before the closing bell yesterday in The War Room.

Click here to learn more about overnight trading.

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Tilray Brands, Inc. (Nasdaq: TLRY)

Tilray Brands is down 7.30% premarket after the cannabis producer’s announced a planned acquisition of Hexo for around $56 million in an all-stock transaction. The deal is expected to close in June 2023 but must first clear regulatory hurdles and win approval from Hexo shareholders.

Newmont Corp. (NYSE: NEM)

Newmont Corp. is down 3.11% premarket after the Colorado-based gold giant made its best-and-final offer for Newcrest Mining Ltd. That would value the Australian group at just under $20 billion. The all-share deal would see Newcrest stockholders receiving 0.4 if a Newmont share for each of their holdings, valuing the group at $29.4 billion, a 5.3% improvement from Newmont’s previous bid and 16% higher than its initial offer.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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