Tuesday, January 31, 2023

Car Dealer Hits the Premarket Gas Pedal

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures dipped as investors balanced corporate earnings with the Federal Reserve's upcoming rate decision. According to data from Bloomberg, earnings per share estimates for the S&P 500 have fallen since peaking in June 2022. Margins are now under pressure as slowing inflation erodes pricing power.

With more earnings reports coming up, it's important to consider the best strategies for making fast gains in the market. Our "overnight trading" tactic is designed to potentially make you easy profits while you sleep.

Click here to learn how you could double your money in less than one day.

 

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

Carvana (NYSE: CVNA)

Carvana is up 6.50% premarket after a major 100%+ rally. Shares have doubled this year and retail traders are riding a wave that harks back to the meme-stock mania of 2021. With one day to go, Carvana is up 111% so far in January, on track for its best month ever.

If you were in The War Room, you would've seen us get positioned on Carvana last week. Yesterday we sold our options calls for a very strong winner.

Click here to unlock more winning trades like these.

 

General Motors (NYSE: GM)

Gm is up 5.40% premarket. The company announced today it will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third largest in the world. GM will make a $650 million equity investment in Lithium Americas, which represents the largest-ever investment by an automaker to produce battery raw materials.

The soaring demand for lithium bodes well for the upcoming $7 trillion electric vehicle market. Right now our friend Andy Snyder believes this one EV startup has the best potential to overtake Tesla. Its car is among the fastest in the world, and it plans to ship out 1 million of them.

Click here to see why this supercar could disrupt the entire automotive industry.

 

Retirement expert shreds $50 bill to teach traders a lesson??

Marc shreds money
 

This demonstration is controversial… but the investing wisdom that follows could help you double your money or MORE in the coming weeks.

Discover why this trading expert is pulling a stunt like this.

Spotify Technology SA (NYSE: SPOT)

Spotify Technology SA's is up 4.99% premarket after acquiring 33 million new users, which was a quarterly record. Despite positing a quarterly loss due to heavy investments in its podcast business, Spotify expects a revenue increase after laying off several employees and reorganizing its top brass.

 

Caterpillar Inc. (NYSE: CAT)

Caterpillar is down 2.26% premarket. The construction- and mining-equipment maker reported fourth-quarter profit that missed expectations, as costs growth outpaced revenue growth, while revenue beat forecasts. Its EPS took a 41-cent foreign currency hit. The company offered bullish comments for 2023 but didn't offer specific guidance.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

Wow, Putin Just MAJORLY Screwed Up!

Clown
 

Source: Wikimedia Commons

 

Vladimir Putin just made an idiotic mistake that will cost him dearly. It's going to drain trillions of dollars out of Russia... and potentially make some AMERICANS rich. What a bizarre story...

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