Good morning, Wake-Up Watchlisters! "We gotta have another bag of beans around here somewhere, right?!" Said the guy who is now starting his Friday morning off with a fine Earl Grey. Hope you still got coffee for the pot, let's get into it! Today is big bank Q3 earnings day, JP Morgan (JPM) and Wells Fargo (WFC) kicked things off this morning, both exceeding expectations in interest-based income, which should come as no surprise given the record interest rate hikes this year. Shareholders seem placated, both stocks are up in the premarket and the indexes are green across the board. Don't leave it up to the banks! In markets like these it's crucial to take control and explore every avenue available to protect your assets and grow your wealth. Our Head Fundamental Tactician Karim Rahemtulla has a $3 alternative investment that could be a portfolio savior in times of economic turmoil. BUT you must get in before November 4th. Click here to see why. Now, let's take a look at the top-moving stocks this morning. IMARA Inc. (Nasdaq: IMRA) IMARA Inc. is up 31.39% premarket. Yesterday after the close it was announced that the biopharmaceutical company would be merging with private company, Enliven Therapeutics Inc. The combined company will focus on furthering the research and development of precision oncology treatments which target several cancers specifically blood and lung cancers. If the merger is approved the company will use the Enliven Therapeutics name and trade under the symbol ELVN. Nutanix Inc. (Nasdaq: NTNX) Nutanix Inc. is up 19.72% premarket. The cloud computing company saw its shares blastoff this morning after a report was released indicating the company was looking to sell. This news sent ripples through the market as larger cloud-computing rival VMware (VMW) was acquired by Broadcom (AVGO) for $61 billion in May. The hype is real, but the deal is far from being done, no offers are on the table yet as Nutanix is now gauging interest with major private equity and industry players. |
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