Good morning Wake-Up Watchlisters! While you're sipping morning coffee you'll see stock futures dropped further Monday, building on a sharp sell-off from Friday. The dip is a continuation of investor worry over Federal Reserve Chairman Jerome Powell's vow to raise interest rates until inflation returns inflation to 2%. Powell told investors to expect 'some pain' in the meantime. The concern over rising rates continues to cause fluctuations in the market, which is why you need to know stocks that will prosper in the long term. Right now we're pounding the table on what we're calling 'The Last Great Value Stock.' It's currently trading for $1, but that price could soar after an upcoming announcement in December. Click here to discover this company. Here's a look at the top-moving stocks this morning. Pinduoduo (Nasdaq: PDD) Pinduoduo is up 11.59% premarket after the china-based company more than tripled revenue in the second quarter. The agriculture-to-consumer provider cited a 'recovery in consumer sentiment' as the reason for the increase. The ability to follow trends that could lead to stock taking off is a skill everyone needs to know. Click here to learn about a key indicator for when to get into a stock. Athersys Inc. (Nasdaq: ATHX) Athersys is up 14.46% premarket ahead of the company's 1-for-25 reverse stock split that is set to go into effect before the market opening. Last month, shareholders approved the reverse stock split in order to bring Athersys into compliance with Nasdaq's minimum bid price requirement, the company said in a statement. |
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