Maui Lawsuit Kicks Up a Notch

By George Banko

August 25, 2023

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were holding steady on Friday. Investors expect positions to end higher for the week ahead of Federal Reserve Chair Jerome Powell’s speech from Jackson Hole. Powell’s speech should leave with big implications for rate hikes after stocks suffered a big reversal Thursday.

As potential rate hikes loom, it’s crucial to consider alternative ways to grow your income outside of the stock market. Right now our friend Marc Lichtenfeld is pounding the table on an investment idea. It’s not a stock or bond, and it could hand you monthly income over and over again… for life.

Click here to unlock Marc’s No. 1 play for 2023.

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

Hawaiian Electric Industries (NYSE: HE)

Hawaiian Electric is down 21.92% premarket after cutting its dividend in the wake of a new major lawsuit from Maui County. The County claims that negligent Hawaiian Electric operations caused the Aug. 8 fires in Lahaina, Kula and Olinda and that the power company should pay for damage to the property.

With natural disasters like wildfires increasing and global temperatures warming. In The War Room, our Lead Trading Tactician Bryan Bottarelli has been looking to find companies who will be in high demand as a result. Earlier this week Bryan closed multiple winning trades on an HVAC company, and both trades were closed in less than 1 trading day.

Click here to learn more about how overnight trading could help you double your money in less than 24 hours.

Affirm Holdings (Nasdaq: AFRM)

Affirm is up 8.62% premarket after the buy now pay later company posted a 22% revenue jump in its fiscal fourth quarter. Its total revenue came in at $445.8 million, surpassing the Zachs Consensus Estimate by 10.30%.

Marvell Technology (Nasdaq: MRVL)

Marvell Technology is down 3.65% premarket after the chipmaker said AI demand would accelerate revenue growth, but a muted near-term outlook has shares trading lower despite solid second quarter earnings. Marvel said current quarter revenues would likely hit $1.4 billion, representing a year-on-year decline of around 9%.

China wants to bring America to its knees. The truth is… our ability to generate wealth and live in a free society could come to a swift end if it puts a stranglehold on the world’s most coveted technology.

Click here to learn about a mission critical stock that could be in prime position to surge 525% in the fight against China’s takeover of the chip industry.

Workday (Nasdaq: WDAY)

Workday is up 3.39% premarket after the company came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.25 per share. It posted revenues of $1.79 billion for the quarter ending in July 2023, surpassing the Zacks Consensus Estimate by 0.76%. The company has topped revenue estimates four times over the last four quarters.