Thursday, April 14, 2022

Elon Musk Does It Again To This Stock...

Trade of the Day Wake-Up Watchlist

Elon Musk has made a "best and final" offer to buy Twitter Inc., saying the company has extrodinary potential and he will unlock it

Good morning Wake-Up Watch listers! While you're sipping that hazelnut latte you'll see stock futures changed little on Thursday as investors await quarterly earnings results from some of the biggest U.S. banks. Despite the Dow advancing 344 points, the S&P is down 0.9% overall for the week as inflation fears continue.

It's no secret the market is volatile right now – but uncertain times are often when the best buying opportunities present themselves. That's why we're pounding the table on what we're calling the 'Last Great Value Stock.' Right now it's trading for under $2 and there's an upcoming announcement on May 12 that could send shares even higher. Click here to unlock that stock.

 

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

Twitter (NYSE: TWTR)

Twitter is up 12.28% premarket after it was revealed Tesla CEO Elon Musk made a $43 billion offer to buy 100% of Twitter. Earlier this week Musk announced that he would not join the board to benefit shareholders. It was also revealed in early April Musk had a 9% stake in the social media giant. Twitter is a stock to keep an eye on going forward.

 

CF Industries (Nasdaq: CF)

CF Industries is up 3.98% premarket due to increased demand for nitrogen fertilizer in major markets. Higher crop commodity prices are contributing to healthy global demand. The company is also benefiting from higher nitrogen prices on the back of lower supply because of reduced operating rates. CF Industries is looking strong.

 

Iron Mountain (Nasdaq: IRM)

Iron Mountain is up 3.22% premarket after jumping 0.76% on Tuesday. The real estate investment trust has gained 15.61% over the past month. Investors will be hoping for strength from Iron Mountain as it approaches its next earnings release, which is slated for April 28, 2022.

 

Ansys (NYSE: CAG)

Ansys is up 2.11% premarket after the company announced it will expand its cloud portfolio with technology from acquisition of OnScale. Once integrated this technology will help provide a deeper web-based user interface for customers. Ansys is a stock worth keeping an eye on going forward.

 

Synopsys Inc. (Nasdaq: SNPS)

Synopsys Inc. is down 2.51% premarket as the semiconductor company is currently under investigation by the U.S. Department of Commerce for possibly handing key technology over to banned Chinese companies, according to people familiar with the matter. Investors are looking into allegations stemming from Synopsys providing chip designs and software to Huawei Technologies Co's HiSilicon unit – a company deemed a national security threat by the Commerce Department's Bureau of Industry and Security. Synopsys could be a volatile stock going forward.

 

Those are the top market movers today.

Tomorrow, markets are closed for Good Friday, so we won't be send out a watchlist. We will see you bright and early Monday morning for more premarket action.

Have a good weekend and happy trading!

The Wake-Up Watchlist Research Team

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