Friday, November 11, 2022

Voice AI Company Screams Upward

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures popped on Friday. It was the biggest rally since early 2020 and was due to a variety of factors, including a dramatic reversal in China's Zero-COVID policy and lighter October consumer price data. The latest CPI info could signal a halt to the Federal Reserve's tightening of financial conditions early next year.

The stock market has seen a big drop-off overall in 2022, but historically these bear markets have been where the most money can be made. The truth is… value stocks that can withstand economic headwinds are where you want to invest. And right now our Head Fundamental Tactician Karim Rahemtulla is pounding the table on what he's calling 'The Last Great Value Stock,' and for less than $2 – you can get in right now. Plus, there's an upcoming announcement in December that could send it soaring.

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

SoundHound AI, Inc. (Nasdaq: SOUN)

SoundHound is up 17.99% premarket after the voice AI company saw significant growth across all metrics in its latest earnings report. Its record bookings backlog adds up to $302 million, up 239% year-over-year, marking the fourth straight quarter for digital growth. Revenue was also up to $11.2 million, which is 178% year-over-year. As adoption of AI voice continues to grow, there's a chance this company could be strong going forward.

Tech stocks have been taking the biggest hit in 2022, but fear not. There's an upcoming tech boom on the horizon and our friend Andy Snyder is showing you exactly how to play it.

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Primerica, Inc. (NYSE: PRI)

Primerica is up 10.86% premarket after the company reported third-quarter earnings. The insurance group reported earnings of $3.02 per share, beating the Zacks Consensus Estimate of $3 per share. This quarterly report represents an earnings surprise of 0.67%.

 

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GoHealth (Nasdaq: GOCO)

GoHealth is down 14.36% premarket after the medicare provider saw a 37% decrease in revenue compared to a year ago. It also reported a net loss of $74.7 million. Lastly, submitted Medicare policies decreased 34% compared to a year ago.

Innovative healthcare companies have a history of being great investment opportunities. Our friend Alexander Green has predicted major medical revolutions before, and right now he's high on one company he believes could be the 'greatest early investing opportunity of the century. And its stock is well under $10.'

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Tattooed Chef (Nasdaq: TTCF)

Tattooed Chef is down 19.55% premarket after the plant-based food company announced it will take new measures to reduce operating expenses and the cost of goods. Over the next 12 months, the company expects to realize approximately $30 million of cost savings primarily through a reduction marketing expenses and automation-derived savings.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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