Space is Hard

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were higher on Tuesday as higher oil stocks boosted European shares. Oil majors TotalEnergies SE, BP Plc, and Shell Plc were among the biggest contributors to Europe’s Stoxx 600 0.3% boost, while U.S. equity futures saw small gains on Wall Street as well.

We’re on the cusp of a major shift in the oil market. Companies like ConocoPhillips, Exxon, Hess and Occidental rose 63%, 80%, 91% and 117% respectively in 2022 while the S&P500 fell almost 20%. That’s why our friend Marc Lichtenfeld is revealing an alternative energy investment outside the stock market that could hand you monthly income over and over again for life.

Click here to unlock Marc’s No. 1 energy play for 2023.

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

Moderna, Inc. (Nasdaq: MRNA)

Moderna is up 0.54% premarket after a decline of more than 9% the previous day. Pfizer’s chief financial officer predicted weaker demand for Covid shots this year, and Moderna was the worst performer in the S&P 500. Co-founder and board chairman Noubar Afeyan also sold 15,000 of his shares for approximately $1.64 million, according to a securities and exchange commission filing.

Nio Inc. (NYSE: NIO)

Nio is down 5.63% premarket after the electric vehicle maker announced it plans to raise $1 billion by issuing convertible senior notes to pare debt and boost its balance sheet. The 2029 notes will mature on October 15, 2029 and the 2030 notes will mature on October 15, 2030, unless repurchased.

U.S. energy generation from renewables other than hydropower is expected to increase by 22 billion kWh in 2023 (up 4%) and 91 billion kwH in 2024 (up 14%). But there’s also another development in the clean energy department that our Lead Fundamental Tactician Karim Rahemtulla is calling a “Nuclear Miracle.” But unlike most renewable energy sources such as hydropower and solar – this technology is already commercially viable.

Click here to discover this $3 “Nuclear Miracle” stock.

United States Steel Corporation (NYSE: X)

United States Steel Corporation is up 1.51% premarket. It issued higher-than-expected fiscal third-quarter guidance, posting adjusted earnings of $1.10 to $1.15 a share, beating analysts’ estimates of $1.01. The steel producer said the guidance reflects the anticipated impact of the strike of the United Auto workers.

Our Head Trading Tactician Bryan Bottarelli mentioned the UAW auto strike and it’s potential impact on GM stock yesterday.

Click here to see how he’s playing the latest UAW development.

Rocket Lab USA, Inc. (Nasdaq: RKLB)

Rocket Lab USA is down 19.58% premarket after the space company said it “experienced an issue” during the launch of its 41st mission. It said in a statement that the rocket successfully completed a first stage burn and stage separation as planned, but then encountered an issue that was experienced at around T + 2 minutes and 30 seconds into flight, resulting in the end of the mission.”

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

More from Wake-up Watchlist