Casino Company Climbs Amid Buyout Rumors

Good morning Wake-Up Watchlisters! While you’re honking your horn at the McDonald’s drive thru you’ll see stock futures traded higher Tuesday as investors react to rare positive news on Covid. China recently made the move to halve the amount of time visitors must spend in quarantine, signaling the country might be ready to get up and running again.

While the news is positive, it’s important to understand we’re still in a bear market. And the worst thing you could do in a bear market is sell all your assets and hide under a blanket. During the Russia/Ukraine conflict, we helped War Room members reach 115% returns in just 12 days… with a 94% win rate. How did they do it? One way is by using this ‘Perfect Timing Pattern.’

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

Playtika (Nasdaq: PLTK)

Playtika is up 12.23% premarket after reports Joffre Capital is looking to buy the online casino gaming group. Joffre, a tech-focused buyout group, is looking to pay $21 a share for a majority stake. Playtika saw first quarter revenues of $677 million and expects to record adjusted full year profits of around $940 million. Keep an eye on Playtika going forward.

Paysafe (NYSE: PSFE)

Paysafe is up 7.02% premarket after Mastercard announced the integration of Mastercard Send into Paysafe’s payments platform, enhancing the payout capabilities to Paysafe’s customers in the UK and EU. Paysafe is looking strong.

MGM Resorts International (NYSE: MGM)

MGM is up 4.73% premarket after announcing BetMGM will become the exclusive sportsbook of the BetQL Network, Audacy Inc’s (NYSE: AUD) network of sports betting content. The partnership is an exclusive multi-year agreement that expands the current relationship between BetMGM and Audacy. Keep an eye on MGM Resorts going forward.

Morgan Stanley (NYSE: MS)

Morgan Stanley is up 3.53% premarket as the money lender unveiled dividend hikes in the wake of the Federal Reserve’s annual bank stress tests. Morgan Stanley increased its quarterly dividend by 11%, to 77.5 cents per share while authorizing a $20 billion buyback. This is good for a 25% payout increase. Keep an eye on Morgan Stanley going forward.

With the Federal Reserve working to combat inflation, there’s still time to get into crucial ‘anti-inflation’ stocks. This once-in-a-lifetime shift in the markets could lead to specific stocks DOMINATING Wall Street after supply chain issues and inflation ease. But don’t hesitate – the time to get in on these stocks is NOW.

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Six Critical Factors When Identifying Lucrative Value Stocks

With stocks sliding in the current bear market, knowing which companies are going to survive the storm will be a huge advantage for investors. Our Head Fundamental Tactician Karim Rahemtulla writes about the ‘6 Critical Factors for Identifying Lucrative Value Stocks’ here.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team