Good morning Wake-Up Watchlisters! While you're sipping morning coffee you'll see US stock futures dipped on Tuesday. Investors are being cautious with more signs of a sharp economic slowdown on the horizon. The drop comes despite the Federal Reserve seeking to tighten up monetary policy further. With the markets remaining volatile, there's one safe-haven play we want you to know about. This is a timeless strategy that's been proven to help investors weather economic storms. Click here to learn more about it. Forza X1 (NYSE: FRZA) Forza is up 37.95% premarket after the company described as 'the Tesla of boats' enjoyed a boost from its IPO on Friday. The company is using a direct-to-consumer model to be a more affordable, sustainable option for recreational boaters. Its interesting the stock is up because the global IPO market has slumped nearly 50%, a lot of that due to political tensions and other macroeconomic issues. Forza's rise is another sign the electric vehicle sector is not going away, in fact it's just getting started. Our friend Andy Snyder recently talked about a company that's been dubbed 'The next Tesla' and right now it's trading for under $25. Click here to unlock this EV stock. GreenBox (Nasdaq: GBOX) Greenbox is up 22.04% premarket after the fintech company grew revenue by 42% in the second quarter. It also recorded processing volume of over $1 billion, about 50% ahead of internal projections. To top it off, it saw significant momentum in the quarter with over $184 million in business volume. Nu Holdings (NYSE: NU) Nu Holdings is up 10.68% premarket after reporting its second quarter financial results. Nu is one of the largest digital banking platforms in the world, and last quarter it added an additional 5.7 million customers. The average revenue per customer expanded by $7.8, growing by 105% on a FX neutral basis. As e-commerce businesses become even more common, there's a $4 stock our friend Alexander Green says could be the cornerstone of your retirement portfolio. This company has already inked deals with Cisco, Dell, Microsoft, Intel, Amazon and Apple. And it's expected to receive $35 billiom from these partnerships alone. Click here to learn more about this $4 'perfect stock.' GoHealth (Nasdaq: GOCO) GoHealth is down 9.77% premarket after seeing a 19% decrease in second quarter net revenue. The health insurance company also posted a net loss of $113.8 million compared to a net loss of $39.2 million in the prior year period. Those are the top market movers today. Happy trading! The Wake-Up Watchlist Research Team |
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