Solar Cash Struggle
Attention Readers: The common fear among investors is the fact that we’re about to enter a recession. But don’t worry, our Head Trading Tactician Bryan Bottarelli is clearing the air today and breaking down exactly why we haven’t entered a recession. Click the image below to learn more.
P.S. Every Wednesday Bryan announces a trade that he’s guaranteeing an 80% win rate on.
Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were flat on Tuesday. Investors are waiting on the latest consumer price index report, and a higher reading would likely hurt sentiment that the Federal Reserve is done with rate hikes. However, a lower reading could reaffirm the Fed’s notion of stopping interest rate hikes.
The market volatility can lead to uncertainty for traders, but fear not. We have several systems for you to fall back on when it comes to making consistent winning trades in any market. Yesterday our Lead Technical Tactician Nate Bear was on fire in Daily Profits Live. Nate closed multiple winning trades yesterday, including a 33% return on premium on COIN in less than 1 trading day.
Here’s a look at the top-moving stocks this morning.
Canadian Solar (Nasdaq: CSIQ)
Canadian Solar is down 12.68% premarket after announcing third quarter results for 2023. Its stock fell based on weaker demand due to a higher interest rate environment that drove higher inventories in certain markets. Net revenue decreased 22% to $1.8 billion and gross profit was $308 million, which was down 30% from last quarter.
Our Head Trading Tactician Bryan Bottarelli got positioned on CSIQ yesterday in The War Room.
Fisker Inc. (NYSE: FSR)
Fisker is down 14.84% premarket after the electric-vehicle start-up missed Wall Street expectations and cut full-year production guidance. It now expects production of 13,000 to 17,000 electric vehicles in 2023, down from its prior projection of 20,000 to 23,000 vehicles. Revenue for the third quarter came in at $71.8 million, with a larger than expected loss of $91 million.
Sea Limited (NYSE: SE)
Sea Limited is down 11.80% premarket after lower consumption and intensifying competition from Alibaba and TikTok on its home turf. It posted net revenue of $149 million, compared with a profit of $322 million the previous quarter.
Azenta, Inc. (Nasdaq: AZTA)
Azenta is up 6.69% premarket after reporting fourth quarter numbers. It announced a 25% increase in Q4 revenue and a 20% increase for the fiscal year. It also plans to repurchase an additional $500 million in shares under its existing program in fiscal 2024.
Those are the biggest stock movers for today.
The Wake-Up Watchlist Research Team