Pipeline Operator Makes Big Bet

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll stock futures fell on Wednesday. The drop came amid lingering inflation worries that could leave the Federal Reserve with another rate decision to make. Downbeat data out of Europe and China is indicating crumbling demand, which could undermine the resilience the U.S. economy has shown so far. All eyes will be on fresh PMI data on the US services sector in August due later on Wednesday.

When the markets are down, it’s crucial to have strategies that could result in winning trades regardless. Our Lead Technical Tactician Nate Bear developed a system that allowed him to turn a $37,000 account into $2.7 in verified trading profits – and his charting process doesn’t rely on any the markets going up or down.

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

Enbridge Inc. (NYSE: ENB)

Enbridge is down 7.71% premarket after the Canadian pipeline operator agreed to buy three utilities from Dominion Energy in a $9.4 billion deal to create North America’s largest natural gas provider. The deal is a massive bet that gas will remain a transition fuel for the foreseeable future even as much of the world tries to phase out fossil fuels to fight climate change.

Oil and energy stocks have proven to be consistent winners over the last 2 years. Right now our friend Marc Lichtenfeld is letting readers in on an alternative investment. It’s not a stock, bond or private company, and it could hand you monthly income over and over again… for life.

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Roku (Nasdaq: ROKU)

Roku is up 7.67% premarket after the tech group plans to reduce its workforce by approximately 10% as part of its ongoing efforts to control its annual operating expense rate. This restructuring is expected to result in a charge ranging from $45 million to $65 million.

Tech stocks have been a major contributor S&P 500 rallies in 2023, and last week our Head Trading Tactician Bryan Bottarelli closed a 124.47% overnight winner on AMBA.

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Asana (NYSE: ASAN)

Asana is down 6.24% premarket after reporting a loss for the third quarter. It finished with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to a loss of $0.34 per share a year ago.

Metals making a comeback

As inflation numbers continue to weigh on Americans, over 100,000 investors are buying up gold at a price not seen in years. Gold has outpaced some of the world’s best assets like stocks, bonds and real estate.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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