Online Retailer Falls 6%

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were flat on Wednesday. Investors will be reading into more clues on rate hikes after Federal Reserve Chairman Jerome Powell gives his latest speech. Oil prices also slipped to their lowest level in three months, as demand concerns swirl around the U.S. and China.

While uncertainty continues to be a theme in these markets, there are still plenty of buying opportunities to be had. Our Head Trading Tactician Bryan Bottarelli recently announced a potential high upside pick on Vertex Pharmaceuticals. And in today’s Trade of the Day Plus issue, he’s revealing exactly how he plans to trade it.

Click here to sign up for Trade of the Day Plus and receive this new trade alert today right after the market closes.

Also, check out more details on Bryan’s trade here.

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

eBay, Inc. (Nasdaq: EBAY)

eBay is down 6.70% premarket after the company updated its forecast for the end of the year. Citing “softening demand,” eBay now expects sales of $2.47 billion to $2.53 billion for the fourth quarter. Analysts expected $2.6 billion. The e-commerce company also reported adjusted earnings of $1.03 per share on $2.5 billion in third-quarter sales.

Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on eBay in The War Room.

Click here to unlock that trade.

Upstart Holdings, Inc. (Nasdaq: UPST)

Upstart Holdings is down 22.31% premarket after missing analyst’s estimates for the third quarter. Revenue was down 16.1% year on year to $134.6 million. Next quarter’s guidance also fell short, coming in 14.3% below analysts’ estimates.

AI and tech stocks have been a focus of our Lead Technical Tactician Nate Bear. In fact, Nate recently closed a 22% win on MSFT in less than 1 trading day in his latest service, Profit Surge Trader.

Click here to get access to Nate's next play on Monday, November 13.

Robinhood Markets (Nasdaq: HOOD)

Robinhood is down 8.71% premarket after the digital trading platform reported a third-quarter loss. It came out with a loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to a loss of $0.20 per a share a year ago.

Rivian Automotive (Nasdaq: RIVN)

Rivian Automotive is up 7.12% premarket after the electric vehicle maker upped its production forecast for the year. It also beat analyst’s expectations for the quarter, reporting revenue of $1.34 billion vs. $1.31 billion estimated, with an adjusted EPS loss of $1.19 vs. $1.32 expected.

Take-Two Interactive Software (Nasdaq: TTWO)

Take-Two interactive software is up 9.34% premarket after reports that Rockstar Games (a division of Take-Two) is planning to announce the confirmation of the popular video game, Grand Theft Auto VI. No video game has drawn as much fervor from fans and investors as Grand Theft Auto VI. To put it in perspective, its predecessor, Grand Theft Auto V, has sold more than 185 million copies and is the second-best selling video game of all time.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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