Getting the Premarket Cheese

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose on Wednesday. The boost came with hopes of latest data showing a cooling of US inflation, which could weaken the case for more interest rate hikes from the Federal Reserve.

While the markets have on shaky ground in July, it’s crucial to find new ways to make profits. Our Lead Trading Tactician Bryan Bottarelli recently discovered what he’s calling the “Next Great American Index.” It’s a system that allows you to automatically get in on stocks when there’s the greatest chance of stocks going up.

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

Dominoes Pizza (NYSE: DPZ)

Dominoes is up 10.04% premarket after the largest pizza company in the world entered an agreement with Uber. The agreement will allow customers to order Dominoes through Uber Eats and Postmates. Dominoes delivery experts will also train Uber Eats drivers as part of the agreement.

Dominoes has been an incredible story over the last decade. Since 2009, its shares went from $8.38 to $293.83 to start 2020. That’s a 4000% return for the decade, better than Google and second to only Netflix. Our friend Alexander Green has a proven track record for identifying “Perfect Stocks” like these before they become household names. In fact, he invested in Netflix back in 2005.

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DraftKings, Inc. (Nasdaq: DKNG)

DraftKings is up 3.59% premarket after jumping to a 52-week high. Investors are keeping an eye as the daily sports bettor is expected to release earnings in August. Shares are up over 150% to start the year. The main reason for the spike is the latest New York market shares data, which showed DraftKings dominated weekly handles (the amount of money waged by bettors). DraftKings also received 9.4% of all bets back into their business, which the second highest only to FanDuel.

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Coinbase Global Inc. (Nasdaq: COIN)

Coinbase Global is up 0.24% premarket on news that the crypto platform has a role in attempts to launch a Bitcoin exchange-traded fund. Cathie Wood’s Ark Investment Management sold 135,152 shares of the crypto operator on Tuesday after the stock reached 52-week highs. Ark is the fourth-largest holder of Coinbase and has been buying the price dips for nearly 11 months.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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