Tuesday, November 8, 2022

Pharma Company Catches our Eye

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures rose on Tuesday. Investors are hoping for a post-election rally based on past history of robust performance following mid-term results. Overall, the best outcome for treasuries could be if the Republicans take both the House of Representatives and the Senate, while the dollar could find support if the Democrats keep both chambers.

The markets are in their roughest spot since 2008, and right now alternative investments deserve your consideration. See why our Head Fundamental Tactician Karim Rahemtulla believes this $3 asset could be a wise place to put your money BEFORE December 2, 2022.

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

Ocuphire Pharma (Nasdaq: OCUP)

Ocuphire Pharma is up 27.75% premarket after the company entered into a global license agreement for development and commercialization of Nyxol Eye Drops for reversal of several eye ailments. These include Mydriasis, Presbyopia, and Night Vision Disturbances. The drug will be distributed across US, Europe, Japan, India, China and other global markets. Viatris (VTRS) has also agreed to commercialize Nyxol following regulatory approval.

Investing in breakthrough medical technologies can lead to some of the biggest gains in the stock market. For example, one of our biggest wins in the War Room in 2022 came from a biotech stock. And right now, our friend Alexander Green is letting readers in on another medical company he believes is the 'biggest investment opportunity in over 30 years.'

Click here to see how this game-changing company could rise from $3 to $100 in just one year.

 

Lordstown Motors (Nasdaq: RIDE)

Lordstown Motors is up 15.68% premarket after the electric vehicle maker received $170 million on an investment deal from Foxxconn. The deal with the Taiwanese manufacturer will require CFIUS review. Lordstown Motors agreed to sell a substantial stake and give two board seats to the manufacturing partner. Foxconn will purchase 18.3% of common shares, according to a statement made Monday.

The electric vehicle sector is expected to be worth $7 trillion in the next few years. And our friend Andy Snyder belives this particular electric car company could overtake Tesla one day. It has a 1,111 horsepower engine and is faster than a Ferrari. Yet it's 100% electric.

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Lyft, Inc. (Nasdaq: LYFT)

Lyft is down 18.95% premarket after the ride-hailing company missed third quarter earnings estimates. Active riders totaled 20.31 million, short of the expected of 21.1 million. Total revenue of $1.05 billion was also shy of expectations.

 

Trip Advisor (Nasdaq: TRIP)

Trip Advisor is down 20.84% premarket after the company missed on earnings. It reported adjusted earnings per share of 28 cents where analysts expected adjusted earnings per share of 38 years. The dip in stock came despite the company increasing revenue to $459 million versus $442 million estimate.

 

Take-Two Interactive (NYSE: TTWO)

Take-Two Interactive is down 18.95% premarket after the company cut its full-year net bookings guidance. It now expects revenue in the range of $5.4 to $5.5 billion, down from its previous estimate of $5.8 to $5.9 billion.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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