Thursday, January 12, 2023

Meme Stock Booms Again

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were steady on Thursday. Traders are preparing for a CPI report that could mean inflation is cooling, which could reduce pressure for aggressive rate hikes from the Federal Reserve. Gold also climbed ahead of the data, which might determine whether its two-month uptrend continues.

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

Bed, Bath & Beyond (Nasdaq: BBBY)

Bed, Bath & Beyond is up 20.06% premarket as traders place bets the retailer somehow avoids bankruptcy. This is triggering massive covering by short-sellers. The stock gained 28% on Tuesday and 24% on Monday, with short interest standing at $82.7 million, or a whopping 52.07% percentage of the outstanding shares.

Meme stocks like BBBY and Gamestop can be risky, which is why it's crucial to consider value stocks that have a better chance of standing the test of time. Right now our Head Fundamental Tactician Karim Rahemtulla believes this $2 company could come out of this volatile economy stronger than ever.

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Expion360 Inc. (Nasdaq: XPON)

Expion360 is up 53.16% premarket after the battery company introduced the AURA POWRCAP™, which is the first accessory that can transform Expion Li-on batteries into a portable 600-watt or 800-watt powerpack. This device has potential to be an ideal solution for outdoor enthusiasts or emergency backup power.

New technologies are crucial to the economy and thus – crucial to making gains in the market. Our friend Andy Snyder believes we're on the verge of a $13 trillion tech revolution – and there's ONE STOCK behind it all that could hand you life-changing profits.

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Akerna (Nasdaq: KERN)

Akerna is up 94.26% premarket after announcing its sale of 365 Cannabis to Holdco LLC. Akerna received a cash payment of $500,000 and the parties agreed to terminate an earn-out payment due and payable to the principals of 365 Holdco LLC with a deemed value of $2,283,806.

 

Yield10 Bioscience (Nasdaq: YTEN)

Yield10 Bioscience is up 59.04% premarket after announcing it signed a Memorandum of Understanding (MOU) with Mitsubishi Corporation to evaluate the establishment of a partnership to supply, offtake and market Camelina as a low-carbon feedstock oil for biofuels. This is Mitsubishi's latest aim to mass produce sustainable aviation fuel to reduce its aviation carbon footprint.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

Putin's Spiteful Behavior Could Make Americans Rich??

Putin's Spiteful Behavior
 

Source: www.kremlin.ru

 

One company is already generating record profits. In fact, Wall Street projects one $30 stock will rise to $280 in just 18 months... all thanks to a HUGE mistake by Russia's president. Here's what you need to know...

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