Monday, January 30, 2023

Fintech Company Pops After Strong Outlook

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! It's Monday, and you know what that means. Our Lead Technical Tactician Nate Bear is giving you his top stocks to watch. Last week he called the level on Tesla almost perfectly and now it's moved over $60 from that spot. This week he's looking at four potential trade setups.

Click the image below to learn all about the stocks to watch this week.

 
 

While you're sipping coffee you'll see stock futures fell on Monday. Investors are cautious as new interest-rate decisions and big-name company earnings are on tap for both sides of the Atlantic. The Federal Reserve is expected to raise rates by only a quarter percentage point on Wednesday. However, earnings pressure is raising concerns about the health of the economy.

Volatile markets present profitable trading opportunities if you know what to look for. Last week in The War Room, we had a double digit winner on an options trade on a top electric vehicle company. We have an 86% win rate in 2023 and right now we're guaranteeing members receive 252 winning trades in their first 12 months.

Click here to start trading with us in real time today.

 

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

SoFI Technologies (Nasdaq: SOFI)

Sofi Technologies is up 9.93% premarket. The company gained after an upbeat 2023 earnings forecast. Total deposits at SoFi bank rose 46%. For the first quarter, SoFi anticipates $40 million to $45 million in adjusted ebitda, and for the full year, the company expects to see $260 million to $280 million.

Don't miss out. We're currently in on SoFi as part of our Trade of the Day Plus portfolio.

Click here to unlock this trade.

 

Lucid Motors (Nasdaq: LCID)

Lucid Motors is up 9.95% premarket. The electric vehicle company was up as much as 88% on Friday and was repeatedly halted for volatility following speculation that Saudi Arabia's Public Investment Fund is considering buying the remaining stake. The PIF already owns 65% of Lucid, which produced 7,180 vehicles in 2022.

The electric vehicle market is heating up. Right now several companies are vying to grow. But there's one company our friend Andy Snyder believes could overtake Tesla one day.

If you missed out on Tesla's rise in 2020, you'll want to consider this $25 EV startup.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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