The Cybertruck Hype is Real

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures continued their comeback on Tuesday. U.S. treasuries climbed to 4.36% – their highest level since 2007 and up almost 40 bps month-to-date. The upbeat news has prompted investors to trim expectations for the Federal Reserve to ease policy next year.

The recent weather events in Hawaii and the constant warming of the earth’s atmosphere could have a massive impact on several companies. Yesterday our Lead Trading Tactician Bryan Bottarelli recently closed several winning trades on one of those companies in less than 24 hours in The War Room.

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

Tesla, Inc. (Nasdaq: TSLA)

Tesla is up 4.11% in premarket trading after Baird Equity Research added the stock to its “best ideas” list. The brokerage highlighted several of the EV maker’s latest growth drivers, including its Cybertruck launch and its business dealings in EV charging deals. Its Full Self-Driving and expansion into new markets was also a key driver of the stock’s uptrend.

Tesla CEO Elon Musk recently mentioned that his EV company is using a large amount of Nvidia hardware to power its AI tools. Our Lead Technical Tactician Nate Bear has been on AI since it started taking off in May and he closed a triple-digit winner on Nvidia in less than 5 trading days.

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Baidu, Inc (Nasdaq: BIDU)

Baidu is up 4.31% in premarket trading after the Chinese tech company said its net profit climbed 43%, thanks to growth in online-marketing and video-streaming services. The strong results cut through macroeconomic concerns over China that have recently weighed on the country’s stocks.

The tension between the U.S. and China has been ramping up. In fact, 16 Chinese warships were spotted in waters around Taiwan in a 24-hour period last month. If China has its way, it could monopolize a crucial technology that would bring the American economy to its knees.

Click here to learn more about a U.S. company that’s fighting back against China.

Zoom Communications (Nasdaq: ZM)

Zoom is up 3.29% premarket after its latest earnings beat. The boost came after the videoconferencing company came into the earnings cycle looking to capitalize on artificial intelligence hype among investors. Revenue came in at $1.14 billion actual versus $1.11 billion estimated.

Moderna (Nasdaq: MRNA)

Moderna is up 1.10% premarket after as concerns grow about new Covid variants. The EG5 variant (nicknamed Araiza) has raised concerns because of the fact that it’s a little bit more immune invasive. The vaccine maker knows its products have demonstrated some efficacy against new variants, despite the fact that they’ve been programmed to fight the Xb15 (or Omicron variant). A rollout for the new shots could come as soon as September.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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