Retail Giant Gets Buyout Offer

Attention Traders: It’s Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see what he’s looking at.

P.S. Nate has been on fire in Profit Surge Trader. Last week he closed 11 of 11 trades for winners. That’s not a typo. Nate went 100% on all of his trades, including a 132.80% winner on META in 2 trading days. He also just announced his latest One Ticker payout pick for the month.

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Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were mixed on Monday. The indexes are coming off their highest levels ever, with the S&P 500 now up 16 of the last 18 weeks. This week, Federal Reserve Chair Jerome Powell’s testimony will test the market’s latest surge.

As artificial intelligence continues to pace the markets, our Head Trading Tactician Bryan Bottarelli made a trade in the sector last week in The War Room. He closed a 41.81% winner on AI in The War Room in less than 1 trading day.

Click here to start trading alongside Bryan and Karim in The War Room today.

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

Macy’s (NYSE: M)

Macy’s is up 17.38% in premarket after the company received a $5.8 billion buyout offer from real estate investor Arkhouse Management and asset manager Brigade Capital Management. This offer values Macy’s at about $21 a share, representing a substantial premium over its recent closing prices.

Super Micro Computer (Nasdaq: SMCI)

Super Micro Computer is up 13.64% in premarket due to two significant factors. Firstly, there was a general market reaction to Nvidia’s outstanding earnings report, which highlighted the accelerating adoption of generative AI technology. Second, Super Micro Computer will be joining the S&P 500 index, set to happen before the market opens on March 18.
Our Lead Technical Tactician Nate Bear recently opened a trade on SMCI in Daily Profits Live.
Click here to unlock that trade.