Tuesday, January 10, 2023

Health Company Pops 53% After Settlement

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures fell on Tuesday. Europe investors dealt with hawkish comments from Federal Reserve officials. Plus, traders were hit with new rate hike realities as San Francisco Fed president Mary Daly said she expects the central bank to raise rates somewhere over 5%.

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

Sotera Health (Nasdaq: SHC)

Sotera Health Company is up 53.36% premarket after the leading global provider of sterilization solutions agreed to settle more than 870 ethylene oxide cases pending against Sterigenics in the Circuit Court of Cook County, Illinois and US District Court for the Northern District of Illinois. Sterigenics agreed to pay $408 million to settle the claims.

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Oak Street Health (NYSE: OSH)

Oak Street Health is up 32% premarket after it was announced CVS is ready to agree to a $10 billion takeover of the primary care center operator. CVS has been expanding into the healthcare sector as its retail growth slows. No final decision has been made and discussions could fall through.

 

WARNING: Tech Stock Crash INCOMING?

Businesses Falling Behind
 

Zoom... Roku... Pinterest...

So many tech stocks have dropped 40%... 50%... even 80% in the case of Peloton!

But that's just the beginning.

The Fed is turning off the money hose... inflation is rising... and stay-at-home stocks are running out of steam...

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CureVac N.V. (Nasdaq: CVAC)

CureVac is up 23.07% premarket after a flurry of announcements related to COVID vaccines are dominating headlines. Moderna recently told investors it expects to generate $5 billion in sales in 2023. The company plans to boost spending on research and development to $4.5 billion this year. And yesterday, CureVac said preliminary data from its early stage trial for its COVID and seasonal flu shots had positive results.

 

Virgin Orbit Holdings (Nasdaq: VORB)

Virgin Orbit Holdings is down 19.17% premarket after its satellite launch from UK site failed. The rocket reached space but experienced an anomaly before it could achieve its target orbit. The mistake was a blow to Richard Branson's ambitions in the growing market for commercial satellite launches.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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