Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see the market surged on Friday. Chinese stocks in particular soared due to signs that authorities are trying to ease the impact of its Covid-Zero policy. Investors were optimistic after hearing news that a system penalizing airlines for bringing virus cases into the country may be scrapped. Look, it's no secret the economy is struggling, and many hard-working families are seeing their retirement savings plummet. Our friend Alpesh Patel isn't happy about this, and he wants to show investors how they can turn a disastrous market into the biggest windfall of their lives. If you've suffered investment losses this year, please check out this video. Here's a look at the top-moving stocks this morning. NIO, Inc. (NYSE: NIO) NIO is up 10.66% premarket after the electric vehicle company's shares dipped 5% on Thursday. Nio reported a sharp year-over-year increase in vehicle deliveries last month, however investors are getting anxious over COVID-19 restrictions in China. Delivery results and price cuts from Tesla might have also played a role. The electric vehicle sector is undergoing a major shift. It's estimated the EV market could be worth as much as $7 trillion in the coming years. Which is why our friend Andy Snyder is pounding the table on this startup company. He even believes this innovative car could be more popular than Tesla one day. Click here to unlock this $25 EV stock. Block (NYSE: SQ) Block is up 14.52% premarket after reporting third-quarter results that topped analyst expectations. Revenue increased 17% year-over-year to $4.52 billion. Excluding Bitcoin revenue, the total net revenue in the third quarter was $2.75 billion, up 36% year-over-year. Want to learn how to better predict when a stock will soar? Tracking insider buying (the legal kind) is one way to do it. See how our Head Fundamental Tactician Karim Rahemtulla shows readers how to follow the money as part of his Insider Matrix. This strategy has been proven to lead to gains as high as 2,250%! Click here to discover the Insider Matrix. |
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