EV Maker Keeps on Trucking with This Deal

Good morning Wake-Up Watchlisters! While you’re sippin coffee you’ll see stock futures were up on Friday. The latest upside move gave the Dow a third-straight record high as the Fed’s latest decision to pause rate hikes continues to lift trader’s spirits.

We’ve been trading like gangbusters in The War Room ever since the Fed’s announcement. Yesterday our Head Trading Tactician Bryan Bottarelli closed a double-digit winner on AMZN in less than 1 trading day.

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

Rivian Automotive (Nasdaq: RIVN)

Rivian Automotive is up 2.59% premarket after the electric truck maker landed a new client for its EV trucks. Rivian and AT&T struck a deal for the telecom giant to purchase Rivian vans and R1 vehicles for its commercial fleet. AT&T said the vehicles will be purchased through a pilot program aimed at cutting transport vehicle emissions.

Chargepoint Holdings (NYSE: CHPT)

Chargepoint Holdings is up 8.28% premarket in response to the Federal Reserve’s interest rate announcement yesterday. This move came along with other beaten-down stocks that stand to benefit from lower interest rates. Chargepoint has struggled badly this year with slowing demand for EV’s. The company is also dealing with macro challenges and Tesla’s North American Charging Standard switch, which would force Chargepoint to adapt.