EV Maker Surges on Latest Delivery News

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures are down to start the week. The latest Consumer Price Index (CPI) data will be released on Wednesday, giving investors an idea of how the Fed’s rate hikes are impacting inflation. Plus, banks like JPMorgan, Wells Fargo and Citi are expected to report earnings.

In The War Room, we use several strategies that are proven to generate consistent winning trades in both bull and bear markets. Bryan and Karim have a 75% win rate in 2023, and right now they guarantee you’ll receive 252 winning trades in your first 12 months of membership.

Click here to learn more about The War Room.

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

Rivian Automotive (Nasdaq: RIVN)

Rivian is up 4.09% premarket after its latest production and delivery numbers were released over the weekend. The electric vehicle maker is on track to hit its 50,000 vehicle production in 2023 and may even blow past it. This is forecasting potential strong earnings when the company reports on August 8.

Our Lead Technical Tactician Nate Bear recently saw a squeeze on RIVN’s chart and made a trade for a double digit gain in Daily Profits Live.

Click here to see how Nate identifies squeezes for potential big gains in the stock market.

Alibaba Group (NYSE: BABA)

Alibaba is down 0.43% premarket after the China-based e-commerce giant said it may sell back some of its sahres in Ant Financial at a steep discount. Ant Financial, which was spun from Alibaba around 12 years ago, agreed to pay $984 billion dollar fine to authorities in China on Friday as part of a broader settlement linked to Beijing’s crackdown on the tech sector. Alibaba owns a 33% stake in Ant Financial and said in a filing with the Hong Kong stock exchange that it was “considering” participation in the buyback.

The semiconductor war is heating up between China and the U.S. After China’s latest restrictions on the exports of gallium and germanium last week, it’s crucial to consider investing in chipmakers on the homefront.

Click here to learn about certain U.S. companies that are fighting back against China, and how one stock could surge 525% as a result.

Sector to Watch: Lennar Corporation (NYSE: LEN)

Lennar corporation is up 0.57% premarket and its stock saw a 17% overall increase last month. The boost came off macroeconomic news in the housing sector. With pent up demand from millennials for home buying and the drop in new housing from the last financial crisis, the demand might now be outweighing supply.

Down our award-winning app!

To get our live trade updates as they happen, download our Trade of the Day mobile app, which was a recent winner of the Award of Excellence at the 2023 Communicator Awards.

Click here to download it now.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

Popular posts