Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose as investors found confidence in strong earnings from Richemont, the maker of Cartier, and signs that US lawmakers are making progress on a deal to raise the debt-ceiling. Investors remain focused on what major central banks will do next in their rate-hiking campaigns to quell inflation, while US data showing initial jobless claims reaching the highest since October 2021 and producer prices rising less than expected suggested Federal Reserve policy tightening may finally be having an effect.

The markets remain very volatile at the moment, which is why it’s important to consider alternative investments outside of stocks. Right now our friend Marc Lichtenfeld is letting readers in on a new type of investment. The world elite are already pouring their money into this area – and it has major upside potential with less risk.

Click here to learn more about Marc’s No.1 pay for 2023.

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

Tesla, Inc. (Nasdaq: TSLA)

Tesla is up 1.45% premarket after CEO Elon Musk announced that he would be stepping down from his position as CEO of Twitter next month, with the company’s shareholders pressuring him to name a replacement quickly due to challenges faced by Tesla, such as increased competition, fading consumer demand, supply chain disruptions, and margin pressures. Reports have identified NBCUniversal ad executive Linda Yaccarino as the new CEO who will take over in about six weeks while Musk transitions to the role of chief technology officer.

Tesla is the king of EV’s right now, but our friend Andy Snyder believes another company has the chance to overtake them. Nasdaq reports its car could challenge Tesla’s hedgemony, and Inc. magazine says it’s Tesla’s worst nightmare.

Click here to see why this $25 EV startup is creating so much hype.

PacWest Corp. (Nasdaq: PACW)

PacWest Corp. is up 1.07% premarket after regional bank stocks rebounded as the Federal Deposit Insurance Corporation (FDIC) announced plans for larger US lenders to replenish its rescue fund. The FDIC plans to impose a 0.125% levy on lenders with uninsured deposits over $5 billion, placing the burden on large US lenders. The top 14 banks are expected to pay approximately $5.8 billion each year for two years, starting in 2024.

The bank crisis led to a lot of fear-based media stories, but the truth is there’s a new opportunity in the bank sector. Our Head Fundamental Tactician is calling it a “Super Income” prospect because with inflation and interests at where they’re at, it could provide the opportunity to collect income as well as capital gains.

Click here to discover Karim’s “Super Income” System.

First Solar, Inc. (Nasdaq: FSLR)

First Solar is up 4.15% premarket after First Solar has acquired Evolar AB, a European leader in perovskite technology, for approximately $38 million paid at closing and up to an additional $42 million subject to achieving certain technical milestones in the future. The acquisition is expected to strengthen First Solar’s global leadership in thin film photovoltaics and accelerate the development of next-generation PV technology. The impact on operating expenses for 2023 is estimated to be around $2-4 million, excluding the impact of purchase price accounting.

The clean energy sector is offering major upside potential, and nuclear energy is another area to consider. Right now our Head Fundamental Tactician Karim Rahemtulla is calling this stock “The Last Great Value Stock” thanks to a new nuclear breakthrough that’s ALREADY commercially viable.

Click here to learn more about why this “Nuclear Miracle” could take this $1 stock into the stratosphere.

Peloton Interactive (Nasdaq: PTON)

Peloton Interactive is up 0.87% premarket after the company was down 8.90% in after hours trading. Peloton has announced a voluntary recall of its original Peloton Model bikes sold in the US from January 2018 to May 2023, due to the potential for the seat post to break and create a fall and injury risk. Peloton has asked consumers to stop using the recalled bikes and contact the company for a free repair. Owners of the original bike can order their free replacement seat via an online form and install it at home following video or written instructions, without the need for a service call. The announcement caused Peloton’s stock to hit an all-time low of $6.85.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team