Tesla Dips After Struggling with Deliveries

Good morning Wake-Up Watchlisters! While you’re sipping that first cup of coffee you’ll see stock futures were mixed on Monday. Wall street is still reeling from a brutal September, and oil prices are on the rise again after reports surfaced that OPEC+ is considering a big production cut of more than one billion barrels a day.

While we value looking on the bright side at Monument Traders Alliance, these markets have us worried. We want to make sure you have every investment idea at your disposal. That’s why our Head Trading Fundamental Karim Rahemtulla is showing readers a $3 alternative investment.

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

Myovant Sciences (NYSE: MYOV)

Myovant Sciences is up 29.45% premarket after the company confirmed a buyout bid. The company confirmed over the weekend that it received an unsolicited buyout bid from Sumitovant Biopharma and Sumitomo Pharma Co., that values Myovant at $2.18 billion.

Calithera Biosciences (Nasdaq: CALA)

Calithera Biosciences is up 20.74 premarket after the company received an FDA Fast Track designation for Sapanisertib, a drug that helps fight against lung cancer. The drug specifically helps patients with squamous lung cancer and also helps those that harbor mutations in the NRF2/KEAP1 pathway.

The medical sector has a history of major breakthroughs and thus – major gains in the stock market. Our friend Alexander Green is pounding the table on one specific medical stock right now. Elon Musk recently sent it into orbit – and you can get in on it for less than $3.

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Tesla (Nasdaq: TSLA)

Tesla is down 5.47% premarket after the electric vehicle maker struggled with deliveries in the third quarter. Tesla deliveries came in at 343,830 in the third quarter, which was well shy of the 355,000-365,000 expected. The company cited logisitcs as the main reason for the decline.

The electric vehicle sector is undergoing a once-in-a-lifetime transformation. And our friend Andy Snyder is high on this $25 startup company. Their product is already turning consumer’s heads and Andy believes this company could overtake Tesla in the future.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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