More Big Tech Moves…

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures went higher on Wednesday. Investors are taking in a big earnings announcement from tech giant Nvidia (more on that below). Plus, new data on jobless claims and consumer sentiment are also on deck ahead of the Thanksgiving holiday.

Every Wednesday, our Head Trading Tactician Bryan Bottarelli makes a new trade that takes advantage of a market trend that happens only once a week. Right now he’s guaranteeing you’ll see a win rate of 80% of every Wednesday pick he makes over the next year.

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

NVIDIA Corporation (Nasdaq: NVDA)

NVIDIA Corporation is up 1.23% premarket after crushing earnings for the third quarter. The chipmaker reported earnings of $4.02 per share, well above the expected $3.36. Revenue is up 206% from a year ago. The only problem was restrictions on AI chip exports to China, which CFO Colette Kress said could mean sales in the country “will decline significantly in the fourth quarter of fiscal 2024.”

As AI stocks continue to show real strength in 2023, it’s important to look at other companies that stand a chance to benefit too. Right now our Lead Fundamental Tactician Karim Rahmetulla is talking about several under-the-radar AI stocks, including a cooling company that makes money every time a smartphone is sold – anywhere in the world.

Click here to unlock more under-the-radar AI stocks.

Deere & Company (NYSE: DE)

Deere & Company is down 7.59% premarket after forecasting smaller-than-expected profit next year, with slowing equipment demand from farmers starting to weigh on the world’s largest tractor maker. Net income for the fiscal year will be between $7.75 billion and $8.25 billion, Deere said Wednesday. Deere’s full-year outlook came in well below the Bloomberg forecast of $9.32 billion.

It’s common to think you can’t make money on a trade, but our Lead Trading Tactician Bryan Bottarelli specializes in what he calls “overnight trading.” This strategy could help you make money if a stock is up or down – and in less than 24 hours.

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Nordstrom (NYSE: JWN)

Nordstrom is down 1.28% premarket after revenue sagged for the third quarter. Fellow retailers Best Buy and Kohl’s have also hinted at a bleak holiday season with as still-high inflation continues to affect buying decisions.

Urban Outfitters, Inc. (Nasdaq: URBN)

Urban Outfitters is down 6.06% premarket after the company reported a sharp drop in comparabale sales at its namesake brand. The company is expecting higher-than-expected inventory at the brand and that it will implement more markdowns than anticipated during the holiday season.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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