Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were flat on Tuesday. Traders are waiting on Federal Reserve Chair Jerome Powell's public speaking appearance in Washington D.C., scheduled for early this afternoon. Investors are expecting a hawkish tone after Friday's blowout jobs report showed payrolls grew by 517,000 in January. If you want to see how we're playing the Fed's latest speech, we invite you to join us in the War Room. We had a 100% win rate on all nine of our trades last week, and right now we're guaranteeing members receive 252 winning trades in their first 12 months. Click here to unlock The War Room. Here's a look at the top-moving stocks this morning. Bed, Bath and Beyond (Nasdaq: BBBY) Bed, Bath and Beyond is down 26.96% premarket after the retailer announced it will raise as much as $1.025 billion through an equity offering. Shares of the meme-stock retailer are heavily shorted, and the company has been trying to conserve cash as it teeters on the edge of bankruptcy. Baidu, Inc. (Nasdaq: BIDU) Baidu is up 14.55% premarket after reports indicated that the Chinese search giants expects to finish testing its Ernie Bot chatbot in March. Wall Street has shown a sharp interest in AI initiatives since the debut of OpenAI's ChatGPT chatbot late last year. With many big tech stocks struggling in 2023, artificial intelligence companies are seeing a major upward trend. Our friend Andy Snyder believes another cutting edge technology company in a similar sector could hand you life-changing profits in the future. Click here to reveal this stock. |
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