Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see US stocks inched higher on Wednesday. It's the second straight day of gains on Wall Street, with global bonds settling from yesterday's selloff. There was also some encouraging news from a major retail company (more on that below). There's been a lot of overvalued stocks in 2022, which begs the question 'what is a stock that could actually go UP in the future?' Our Head Fundamental Tactician Karim Rahemtulla believes this one company is dirt cheap, and could be in for one of the biggest bounce backs in 2023. Even more exciting - there's a shocking announcement in February that could send it soaring. Click here to reveal this $2 value stock. Here's a look at the top-moving stocks this morning. Nike (NYSE: NKE) Nike is up 12.23% premarket after its biggest problem may be vanishing. The shoe company is getting its inventory under control, which was caused by the economic pullback earlier this year. Inventory bloat hurt its profit margins, but now its down to just 3%, spurred by a high-single-digit percentage drop in units. Further progress is expected in the 2023 calendar year. We recently closed a trade on Nike in The War Room after BMO reiterated Nike as an outperform. These are the types of catalysts we look for and why we have a 77% win rate in 2022 despite some of the worst market conditions since 2008. Click here to unlock these winning trades. ADC Therapeutics (NYSE: ADCT) ADC Therapeutics is up 24.84% premarket after the European Commission announced the approval of ZYNLONTA™ for the treatment of relapsed or refractory diffuse large B-cell lymphoma. The major development follows positive opinions issued by the Committee for Medicinal Products for Human Use of the European Medicines Agency. Major positive news like this in the medical sector can serve as a catalyst for major gains. Right now there's a medical device company that's still trading on bargain prices – but our friend Alexander Green calls it the 'Best Investment Opportunity in 37 years.' Click here to see why there's so much potential in this medical stock. |
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