Friday, October 7, 2022

DraftKings Spikes Amid Potential ESPN Deal

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stocks are wavering on Friday. Wall Street is seeing small gains and losses as investors anxiously await jobs data. The labor department is set to release its monthly jobs report at 8:30 a.m.

With the markets struggling, it's important to find value stocks that will stand the test of time. Right now our Head Fundamental Tactician Karim Rahemtulla is pounding the table on a $2 company he believes could take off.

Click here to learn about 'The Last Great Value Stock.'

 

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

Neptune Wellness (Nasdaq: NEPT)

Neptune Wellness is up 12.64% premarket after the health and wellness company announced it has entered into definitive agreements with institutional investors for the purchase of 3,208,557 common shares of the company. The aggregate gross proceeds from the offering will be approximately $6.0 million.

 

Revelation Biosciences (Nasdaq: REVB)

Revelation Biosciences is up 14.87% premarket after entering an exclusive worldwide license agreement with Vanderbilt University. The license covers potential applications such as prevention or reduction of acquired infections including those resulting from surgery, severe burns and antibiotic resistance.

Innovative biotech companies have shown potential for big swings in the market, and we recently played a Biotech stock in The War Room for a 74% gain!

Click here to unlock that trade.

 

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- Bill O'Reilly

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DraftKings (Nasdaq: DKNG)

Draftkings is up 9.2% premarket after Walt Disney's ESPN announced it's entering a large partnership with the sports-betting company. The agreement would pave the way for the media giant to capitalize on the growing wave of legalized sports betting. The details of the partnership are uncertain at this time.

 

CVS Health (NYSE: CVS)

CVS Health is down 5.14% premarket after the company said its largest health insurance plan for Medicare recipients received a lower performance rating from the Federal government program. The reduced plan is eligible for performance-based bonus payments from the government in 2024, which could impact earnings. There are more than 1.9 million members on the program.

 

Do you know how to 'follow the money' to profits?

Tracking insider buying (the legal kind) can be an effective strategy for predicting massive swings in the market. And in today's tough times, this strategy could be the edge you need. Our Head Fundamental Tactician Karim Rahemtulla shows members how to see what the big money people are doing in his Insider Matrix.

Click here to unlock the Insider Matrix.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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