Buffett Trims His Stake in This Stock
Attention Readers: It’s Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Nate looked at about 200 charts this week, and he’s going to tell you about the ONLY CHART that matters over the next 5 days. Click the image below to learn more.
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Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures fell on Monday as Wall Street enters the last week of September. So far the S&P 500 is down 4.2% and the Nasdaq Composite dropped 5.9%. New inflation data coming out this week will give investors a further clue of what’s ahead.
While September has been historically bad for the stock market, Bryan and Karim have been riding the waves of volatility to perfection in The War Room. Last week they 5-for-5 combined on their trades for a 100% win rate, with Bryan closing a double-digit winner on GM (in 5 trading days) and Karim closing a 28.89% premium capture on FLR on 45 trading days.
Here’s a look at the top-moving stocks this morning.
Amazon (Nasdaq: AMZN)
Amazon is up 0.98% premarket after announcing it will invest $4 billion in San Francisco-based startup Athropic. The move into Artificial Intelligence is an effort to compete with big tech rivals Google and Microsoft. As part of the deal, Amazon will get access to Anthropic’s AI technologies and build them into its cloud services offerings.
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HP Inc. (NYSE: HPQ)
HP is down 2.69% premarket after billionaire investor Warren Buffett continues to trim his stake in the PC maker following the group’s poor earnings last month. Buffett sold 4.8 million shares valued at around $130 million last week, according to a Securities and Exchange Commission filing published Friday.
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team
