Flying Cars Star in Premarket

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were up slightly on Thursday. The market is approaching the end of the first half of 2023 with strong performance. The tech heavy Nasdaq Composite has climbed nearly 30%, which is near its best first half since 1983. Rising optimism surrounding Artificial Intelligence has been a key driver in its growth.

Our Lead Technical Tactician Nate Bear has been all over the tech boom in 2023. Last week he closed a triple-digit winner on Nvidia in 7 trading days.

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

Joby Aviation, Inc. (NYSE: JOBY)

Joby Aviation is up 9.04% premarket after the company received regular approval for test flights for its electric flying taxis. The California-based manufacturer said in a statement that the Federal Aviation Administration has granted it the ability to test its first prototype. The flying company plans to deliver two aircraft to Edwards Air Force Base in 2024.

BlackBerry Limited (NYSE: BB)

BlackBerry Limited is up 14.37% premarket after posting a surprise profit for the first quarter. The main reason for the spike was that its cybersecurity business benefited from higher client spending, and its enterprise software continued to post strong progress in the automotive sector.

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Micron (Nasdaq: MU)

Micron is up 4% premarket after posting a smaller third quarter loss than expected for the third quarter. Analysts at Piper Sandler also upgraded the stock and raised their price target after the chip maker reported earnings.

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Netflix (Nasdaq: NFLX)

Netflix is up 1.68% premarket after Oppenheimer’s Jason Helfstein raised his price target on the streamer’s stock from $450 to $500. The stock is already up more than 45% year to date. According to Bloomberg, Netflix has 28 buy ratings, 24 holds and just four sells.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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