Dollar up, Stocks Down

By George Banko

October 30, 2023

Attention Readers: It’s Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see what he’s looking at this week.

P.S.: If you want to join Nate today as he trades ONE TICKER over and over again for maximum potential gain, check out Profit Surge Trader. Today is the day he makes his next monthly pick.

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Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures climbed on Monday as investors monitored the Israeli offensive. So far the Israeli military has started off slow and so far there are few signs that the conflict will spread across the wider Middle East region. Investors will be looking for a slew of potentially market-moving events for investors to track, including central bank meetings in Japan, the U.S. and the UK.

With earnings season in full swing, there are several catalysts that could lead to big moves in individual stocks. Last week in The War Room, our Head Trading Tactician Bryan Bottarelli closed a 23% return on RTX in 1 trading day. So far in October, Bryan has an 83% win rate on all his trades.

Click here to see how you could start trading alongside Bryan today.

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

SoFi Technologies (Nasdaq: SOFI)

SoFi Technologies is up 2.33% premarket. The fintech company reported another quarter of record financial results, posting net revenue of $531 million. It added 717,000 members and accelerated growth of 47% for total ending members of over 6.9 million.

Spirit Realty Capital, Inc. (NYSE: SRC)

Spirit Realty Capital is up 12.67% premarket after Realty Income agreed to acquire Spirit Realty Capital in an all-stock deal valued at $9.3 billion. The deal is expected to close in the first quarter of 2024. Realty Income’s stock was down 2% in premarket trading.