Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see the markets rallied on Tuesday. Investors are hoping the Federal Reserve pivots from its aggressive monetary tightening, a policy that could lead to stagnation and more economic instability. While market rallies are exciting, this rally could be suspect. According to Nicholas Colas of DataTrek Research, the market rarely spikes by over 2% in non-stressed market conditions, suggesting that the latest bounce is a sign of fragility, not strength. The stock market is in a rough place right now, which is why we're looking at alternative investments in Trade of the Day Plus. Our Head Fundamental Tactician Karim Rahemtulla is showing readers how a $3 investment could help investors protect themselves and thrive in bear markets. Click here to discover this unique opportunity. Here's a look at the top-moving stocks this morning. AeroClean Technologies (Nasdaq: AERC) AeroClean Technologies is up 34.89% premarket after its latest decision to merge with Molekule to combine in an all-stock merger. The merge will establish an industry-leading provider of premium, FDA-cleared air purification products and solutions. Aeroclean will change its name and ticker symbol to Molekule, Inc. (Nasdaq: MKUL). Poshmark, Inc. (Nasdaq: POSH) Poshmark is up 11.88% premarket after the online marketplace announced it will be sold to South Korea's largest internet company, Naver, for $1.2 billion in cash. Naver (ticker: KRX) is acquiring Poshmark shares for $17.90 in a cash, a 15% premium to Poshmark closing price. |
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