Digital Assets Surge…
Attention Readers: It’s Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see which stocks he likes this week.
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Good morning Wake-Up Watchlisters! While you’re sippin coffee you’ll see stock futures pulled back on Monday after rumblings among investors and analysts that the market is overdone. The November jobs report could also take wind out of the rally’s sails, depending on whether the data contradicts the notion the Fed is done with rate hikes.
Overall, the Federal Reserve’s constant back-and-forth on rate hike sentiment may be frustrating for investors, but that hasn’t stopped us from taking massive winners in The War Room. Last week our Head Trading Tactician Bryan Bottarelli closed a 75% winner on PSTG in 1 trading day and our Lead Fundamental Tactician Karim Rahemtulla closed a 60.71% winner on SOFI in 38 trading days.
Here’s a look at the top-moving stocks this morning.
Coinbase (Nasdaq: COIN)
Coinbase is up 6.66% premarket after Bitcoin (BTC) surged 4% in the past 24 hours to extend its year-to-date gains to over 150%. Bitcoin has surged recently amid optimism U.S. regulators will approve exchange-traded funds (ETFs) that hold BTC, a move some experts believe will prompt a flood of investment into the cryptocurrency.
Our Lead Technical Tactician Nate Bear closed a 32.89% winner on COIN in less than 24 hours in Daily Profits Live last week.
Hut 8 Mining Corp. (Nasdaq: HUT)
Hut 8 Mining Corp. is up 7.05% premarket after the digital asset pioneer announced the completion of its business combination pursuant with the U.S. Data Mining Corp. The two combined in an all-stock merger of equals and the combined company is named “Hut 8 Corp.” As of this morning, shares of New Hut common stock will trade on Nasdaq and the TSX under the ticker symbol “HUT.”
Those are the biggest stock movers for today.
Happy trading!
The Wake-Up Watchlist Research Team