Big Tech Up Next…
Attention traders: It’s Monday and our Lead Technical Tactician Nate Bear is giving out his weekly stocks to watch. This week he’s got two potential trade setups in the tech sector. Click the image below to see what he’s looking at.
If you want to start following Nate’s trades in real time, you can join him on Daily Profits Live. Last week Nate hit a 249% overnight winner in the tech sector, and he’s looking to reload on that same company this week.
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Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures struggled for direction on Monday. Traders weighed less-than-stellar corporate earnings plus new economic data that could help illustrate a path for interest rates.
This is also a big week for earnings as tech giants like Amazon, Microsoft, Meta and Alphabet are also set to report earnings (more on that below). Investors will be watching closely as Thursday’s release of the first estimate of the first quarter GDP could show an economic growth rate of 2% in the year’s first three months.
To see how we’re playing these earnings, check us out in The War Room. Right now we’re guaranteeing members receive 252 winning trades in their first 12 months and we have a 76% win rate in 2023.
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Here’s a look at the top-moving stocks this morning.
Sector to watch: Renewable Energy
Tesla CEO Elon Musk recently told investors the US must secure refined lithium for EV batteries. Musk reiterated the problem isn’t necessarily capacity since lithium is very common in most of the world, but of establishing refineries for the lithium battery. Much of the world’s lithium refining happens in China and is used in the country’s own growing EV market. However, the Biden Administration is pushing towards greener technologies and is about to create massive lithium demand here in the US. Piedmont Lithium is currently in the process of building multiple refinery facilities in both North Carolina and Tennessee. Its stock was up 0.20% premarket as a result of this news.
The up-and-coming electric vehicle sector is poised to be worth $7 trillion, and our friend Andy Snyder wants readers to know about a $20 EV startup that could disrupt the entire automotive industry. Its car has a 1,080 horsepower enegine and a zero-to-60 time of 2.5 seconds – yet it’s 100% electric. And the CEO of this company was actually the mastermind behind the Tesla Model S – and now he’s applying his car making talents to this new EV company.
Click here to discover why this $20 startup could be the next Tesla.
Sector to watch: Big Tech
This week some of the biggest players in corporate America are set for earnings this week. Amazon, Microsoft, Google and Meta will report their numbers, and investors expect earnings to bring a second straight quarter of decline in profits for US corporates. Should earnings decline 6.2% during the quarter, this would mark the largest earnings decline since the 31.6% drop in earnings reported in the March of 2020.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team