Wednesday, December 14, 2022

Merger Causes Pharma Company to Soar

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures lagged on Wednesday as investors await the big Federal Reserve announcement. It's expected the Fed will deliver the seventh and final interest rate hike of 2022. It will likely be a half percentage point increase, and the markets could be volatile this afternoon during the move.

If you want to see how we're playing this potentially volatile event, we invite you to join us in The War Room. Our Head Fundamental Tactician Karim Rahemtulla has been preparing traders for this day since last week, and his recent strangle trade suggestion on Invesco QQQ Trust already came to light.

Click here to unlock The War Room for more trades.

 

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

Vallon Pharmaceuticals (Nasdaq: VLON)

Vallon Pharmaceuticals is up 144.07% premarket after the company announced its entered into a merger agreement with GRI Bio. The combined company will focus on advancing GRI Bio's innovative pipeline of NKT cell regulators for the treatment of autoimmune diseases.

 

Clovis Oncology, Inc. (Nasdaq: CLVS)

Clovis is up 17.19% premarket after entering bankruptcy. The maker of ovarian cancer drug Rubraca filed for chapter 11 a few days ago and also proposed selling a separate therapy to a Novartis affiliate. Novartis Innovative Therapies AG has agreed to make an upfront payment of $50 million for Clovis's clinical FAP-2286, and could pay an additional $333.75 million if certain development milestones are reached.

Stocks in the health sector can sometimes be home to some of the biggest gains, and one effective strategy for positioning yourself at the right time is by tracking insider buying (the legal kind). Our Head Fundamental Tactician Karim Rahemtulla has a 77% win rate on his insider plays this year, with a total return of 18.30%.

Click here to learn more about The Insider Matrix.

 

"My First Impression Was 'You've GOT to Be KIDDING Me!'"
- Bill O'Reilly

Billl O'Reilly Clicks
 

In this jaw-dropping video clip, Bill O'Reilly hears THE FOUR SHOCKING WORDS that will help SUPERCHARGE AMERICANS' RETIREMENTS in 2022 and beyond...

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QuantumScape Corporation (NYSE: QS)

QuantumScape is down 6.08% premarket as the next-gen battery company struggles to raise money for its commercial product. Investor exuberance has evaporated, and their stock is crashing. Overall, it's down more than 70% on the year. There's still potential, but also a lot of risk for this startup.

 

Charter Communications (Nasdaq: CHTR)

Charter Communications is down 6.64% premarket after the company held an investor day. The event featured expectations for next year's capital expenditures, including $6.5 billion to $6.8 billion in full-year expenditures. The company also expects expenditures from line extensions to be about $4 billion, which means a total of $10.5 billion to $10.8 billion is expected.

 

If more economic pain persists in 2023, you'll want to protect your money

Gold and precious metal investing is still a proven way to combat inflation. And right now our friends at Stansberry Research are unveiling their 'No. 1 Gold Play for 2022.' It's not an ETF or Mining Stock. It's actually a virtually unknown investment. But it could pay you handsomely as gold soars higher.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

Legendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin

Putin Stressed
 

Source: Wikimedia Commons

 

Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. A market expert breaks down the opportunity here.

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