Data Reveals Tesla CEO Has 9.2% Stake In This Company

By George Banko

April 4, 2022

Good morning Wake-Up Watch listers! Welcome to the very first edition of our pre-market watchlist. While you’re sipping that first cup of coffee you’ll see the market is flashing bullish signs. Data out of Bank of America recently showed cash allocations are almost two times more than last year’s levels, jumping to 4.1% today.

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

Twitter (Nasdaq: TWTR)

Twitter is up 24.07% premarket as Tesla (Nasdaq: TSLA) CEO Elon Musk now has a 9.2% stake in the social media company. Wedbush analysts Dan Ives said the stake could be the first step in Musk’s full-blown takeover bid for the company. This is a stock to watch going forward.

Old Dominion Freight Line (Nasdaq: ODFL)

Old Dominion Freight Line is up 7.26% premarket as the company recently boosted capacity to meet increased demand. The capacity enhancements are also expected to reduce shipping time and enhance delivery flexibility in key metropolitan areas. This expansion should boost revenues and aid in company’s results. Keep an eye on Old Dominion Freight Line going forward.

We’ve got another stocks that does well when the transportation sector is strong. It trades for less than $2 and we believe it’s a “must have value play” for your portfolio. In Karim’s newest presentation, he shows you exactly why this stock could trade for $50 – and still be undervalued!

Dollar Tree Inc. (Nasdaq: DLTR)

Dollar Tree is up 3.76% premarket as the company delivered compelling results for its key initiatives, which include the expansion of its $3 and $5 plus assortment in stores. The company also plans to launch a $1.25 price point initiative to launch products and sizes. This is a stock to keep an eye on.

TuSimple Holdings Inc. (Nasdaq: TSP)

TuSimple Holdings Inc. is up 3% premarket after the driverless trucking company announced a logistics partnership that it hopes will increase the number of driverless trucks on the roads. FedEx (NYSE: FDX) CEO Fred Smith has also stated his company plans to put ‘enormous effort’ to utilize autonomous trucks in 2022. Keep an eye on TuSimple Holdings going forward.

Cerner Corp. (Nasdaq: CERN)

Cerner Corp. is down 3.01% premarket after questions persist about how many jobs the healthcare technology created. The company is currently tracking to come up well short of its projection of 16,000 new jobs at its Innovations Campus, but it’s unclear precisely by how much the health IT company is missing its mark. With this uncertainty, Cerner Corp. could be volatile going forward.