Tuesday, January 3, 2023

Looking For a Bounce in The New Year

Trade of the Day Wake-Up Watchlist

Attention Wake-Up Watchlisters! It's early in the week, and you know what that means. Our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. This week he's got three potential bounce plays for the new year. Click the video below to see what he's got!

 
 

Good morning Wake-Up Watchlisters! While many of us are already compromising on our New Year's resolutions, the future is bright in the market this morning with the indexes up slightly across the board. Look for trading to pick up this week as everyone is gets back to work after the holiday break. The much-anticipated December employment numbers will be coming through at the end of the week as well.

Our Head Fundamental Tactician Karim Rahemtulla has been shouting from the mountain top about moving your money into this alternative asset BEFORE Jan. 6, 2023, and this might be your last chance. Click here to learn more about this opportunity.

 

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

Party City Holdco Inc. (NYSE: PRTY)

Party City is up 19.20% premarket as the company works to negotiate some outstanding debt. Shares are down almost 90% since the high last year with the party supply company struggling through supply chain issues and a helium shortage. Just 17 days ago Party City leadership received a continued listing standard notice from the exchange, shares need to close above $1.00 for a 30-day period or risk being delisted. Even with today's drastic move shares are still below $0.50. Can they keep the party going?

In the War Room, it doesn't matter whether a stock goes up or down, we focus on a variety of strategies that allow us to make money either way. We had a 77%-win rate in 2022 and right now we're guaranteeing members receive 252 winning trades in the new year.

Click here to unlock The War Room

 

Argo Blockchain (Nasdaq: ARBK)

Argo Blockchain is down 16.67% premarket. The crypto miner made headlines last week after closing the sale of its Helios facility in Texas for $65 million, refinancing some loans and then entering into an agreement with the new owner to maintain their mining machines within the facility. While this is a positive move for the company since they can cut upfront costs and clear some debt, in the long term it doesn't bode well to sell an asset and then rent space within it.

Argo is just the latest of the many crypto companies being hit hard over the past year. Our friend Andy Snyder has an interesting take on how you can find REAL success trading crypto markets. Its part rocket science, part quant trading, and regular people are bagging MASSIVE profits…

Check it out here!

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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