Data Company Spikes After Upgrade…
Good Morning Wake-Up Watchlisters! While you’re hitting up Starbucks for your morning caffeine fix you’ll see stock futures were up on Tuesday. The indexes were on the redound ahead of data points to see if there’s still room for another rally. The S&P 500 is up almost 10% this year, and Ai demand that’s benefitting several tech companies is a big reason why.
With so many companies seeking Ai hardware, our Lead Technical Tactician Nate Bear has made tech a focal point of his trading in Daily Profits Live. Yesterday DPL members watched in real time as Nate traded several tech groups, including Nvidia (NVDA), ARM and Micron (MU).
Click here to start following along with Nate in real time in Daily Profits Live.
Here’s a look at the top-moving stocks this morning.
Tesla (Nasdaq: TSLA)
Tesla is up 3.07% in premarket after the electric carmaker announced it will offer U.S. customer’s a month’s free trial of driver-assist technology. The softening demand for EV’s and competition pressure has been hurting Tesla’s margins. Researcher Troy Teslike said the “FSD take rate” declining in North America, with about 14% of customers buying it in 2022, down from a record high of 53% in 2019.
Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy is up 2.96% premarket after the latest crypto rally. Bitcoin moved above $70,000 on Monday and bitcoin-related stocks like Microstrategy saw a move higher. Other crypto-related stocks such as Coinbase (COIN) were also up 1.94% in premarket trading.