What Cybertruck?

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures steadied on Wednesday after two straight days in the red. The global selloff in bonds eased, and the bond market is guiding the direction for stocks and currencies, according to Derek Halpenny, head of global markets research at MUFG Bank Ltd.

With the markets down in September overall, it’s important to find value stocks that actually have a chance of going back up. Right now our Head Fundamental Tactician Karim Rahemtulla is high on one company that’s currently trading at under $3. He’s calling it “The Last Great Value Stock” for several reasons, including a new technology that could power 1 million homes.

Click here to see why this under $3 group could soar in the future.

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

Rivian Automotive (Nasdaq: RIVN)

Rivian Automotive is up 1.26% premarket after investment banker Baird reiterated its outperform rating on the electric truck maker’s stock. Management has indicated that demand for the company’s R1S electric SUV remains “robust,” with waiting periods to obtain one stretching out as far as a year.

Yesterday our Lead Technical Tactician Nate Bear opened a trade on another EV company in Daily Profits Live.

Click here to learn more about Nate’s simple chart trading system and his mission to turn $37,000 into $1 million in verified trading profits.

Immunovant, Inc. (Nasdaq: IMVT)

Immunovant, Inc. is up 4.32% premarket. The stock doubled on Tuesday after the biopharmaceutical company reported positive results from a Phase 1 trial of its experimental autoimmune disease treatment. The company indicated that safety data “was generally favorable” for its under-the-skin injectable drug, IMVT-1402, and plans to provide further details about a higher dose version in November.

Costco Wholesale Corporation (Nasdaq: COST)

Costco is down 1.66% premarket after the company topped its earnings forecast, however a lack of new price increases and a more cautious consumer hurt its gains. Average daily transactions were down 3.9% in the U.S., and 4.5% worldwide over the quarter, Costco said, thanks in part to “weakness in bigger ticket nonfood discretionary items, as well as the gas price deflation.”

Earlier this month, our Head Trading Tactician Bryan Bottarelli closed a 19% winner on COST in less than 1 trading day in The War Room. Bryan has been on fire lately, closing three double-digit winners over the last three weeks, including a 133% overnight gain on ORCL. He also went 3-for-3 for a perfect 100% win rate on his trades last week.

Are you ready to join Bryan in The War Room? Click here.

Looking for an inflation-proof investment?

As high costs continue to eat away at the American dollar, over 100,000 investors are buying up gold at a price not seen in years. Gold has outpaced some of the world’s best assets like stocks, bonds and real estate.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research T

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