Thursday, July 7, 2022

Game on for Video Game Retailer

Trade of the Day Wake-Up Watchlist

This NEW Electric Vehicle Stock Could Help Fund Your Retirement

Its car is faster than super-cars like Ferrari's F8, McLaren's 720S and Porsche's 911 Turbo.

Yet it's 100% electric.

Discover the new $25 startup that could be the next EV giant.

Gamestop also announced revenues rose 8.1% last year to $1.38 billion, with around half of that total coming from its digital channels.

Good morning Wake-Up Watchlisters! While you're firing up your old playstation (more on that below) you'll see stock futures rose as inflation worries are easing. Commodities also got a boost from China's $220 billion stimulus plan. Plus, the pound rose as Britain's prime minister was set to resign.

The market has been historically volatile in 2022, and we've been playing 'overnight trades' to take advantage of the swings. We have a 90% win rate on these short-term trades in 2022 and we've seen gains as high as 340%!

Click here to start unlocking these overnight trades.

 

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

Gamestop (NYSE:GME)

Gamestop is up 8.80% premarket after announcing a 4-for-1 stock split Thursday. The video game retailer will pay a three-share dividend to investors on July 21, with the stock trading on a split-adjusted basis the following day. Alphabet (GOOGL) also announced a similar move earlier this year. Overall, Gamestop announced revenues rose 8.1% last year to $1.38 billion, with around half of that total coming from its digital channels. Keep an eye on Gamestop going forward.

 

Seagen Inc. (Nasdaq: SGEN)

Seagen is up 5.05% premarket after it was announced the company could be bought by Merck (NYSE:MRK) for roughly $40 billion. The two companies are discussing a price for Seagen above $200-a-share and are looking to agree on a deal ahead of Merck's quarterly earnings on July 28. However, there's no guarantee the two sides will reach a deal.

The biotech sector is a hotbed for investing opportunities, including a new medical invention that's been dubbed 'humanity's next big leap.' Companies are saying this invention will ultimately save millions of lives in the U.S. and right now you can invest in its technology for under $3.

Click here to learn how you can get in early while the stock is still cheap.

 

Fastly (Nasdaq: FSLY)

Fastly is up 5.11% premarket as investors appear to be climbing back into the tech sector. Share prices of Appian (APPN) and Alteryx (AYX) have also seen spikes. This could be a sign investors think the tech sector has finally reached its bottom. Fastly fell 78% over the past 12 months. Keep an eye on the tech sector going forward.

 

Cleveland Cliffs (NYSE: CLF)

Cleveland Cliffs is up 3.69% premarket as long-term demand for steel, particularly from the auto industry, combined with the company's independence from imported iron, could help its stock soar from here. The steel company lost over a third of its value this year as recession fears loom. Keep an eye on Cleveland Cliffs going forward.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

No comments:

Post a Comment

The Next E-Commerce Battlefield

This Week on the BoF Podcast: Tina Brown ADVERTISEMENT WHAT YOU NEED TO KNOW TODAY: SATURDAY, NOVEMBER 16, 2024 ...