Thursday, February 2, 2023

Woah Meta...

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stocks went up on Thursday. The boost comes off Federal Reserve Chair Jerome Powell saying policy makers are making progress against inflation. This is giving traders hope the central bank is nearing the end of its rate-hike cycle.

With several stocks rising, it's important to consider where insiders are putting their money. Our Head Fundamental Tactician Karim Rahemtulla tracks insider buying (the legal kind). His ability to find out what insiders are doing allowed him to see an average return of 14% in his Insider Matrix portfolio last year. And this was during one of the worst economies since 2008!

Click here to see how this strategy has netted gains as high as 2,250%.

 

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

Meta Platforms (Nasdaq: META)

Meta Platforms is up 19.35% premarket after posting revenue numbers that delighted investors. The company finished Q4 with $32.17 billion in revenue vs. $31.65 billion expected. Investors were loving Meta due to its deep pockets but soured on it in 2022 amid slower sales and new restructuring efforts. But they're clearly overlooking any shortfalls on signs of better profits ahead.

We're currently waiting for a price target on Meta Platforms as part of our Trade of the Day Plus portfolio. We currently have a 36.87% gain as of this writing.

Click here to learn more about Trade of the Day Plus.

 

Carvana Co. (NYSE: CVNA)

Carvana Co. is up 17.40% premarket as traders ramped up dovish rate bets. Since 2023 started, Carvana has seen an eye-popping 200% spike, with the largest portion of gains coming in the last week.

When a stock makes a massive move to the upside like this, you want to be positioned early. We got in on Carvana last week in The War Room and closed for a 95% gain earlier this week.

Click here to unlock more trades like these.

 

This NEW Electric Vehicle Stock Could Help Fund Your Retirement

Its car is faster than super-cars like Ferrari's F8, McLaren's 720S and Porsche's 911 Turbo.

Yet it's 100% electric.

Discover the new $25 startup that could be the next EV giant.

Align Technology Inc. (Nasdaq: ALGN)

Align Technology is up 14.44% premarket after the dental company reported strong quarterly results. The owner of Invisalign came in with adjusted earnings per share of $1.73 on revenue of $901.5 million for its latest quarter. The company declined to provide full year guidance, citing uncertainty.

 

Merk & Co., Inc. (NYSE: MRK)

Merk & Co. is down 3.68% premarket. The drug giant posted better-than-expected fourth quarter earnings Thursday, thanks in part to impressive sales of its blockbuster cancer treatment Keytruda. However, it also provided a full-year profit outlook that was below forecasts, which sent shares lower.

 

Does the "Perfect Stock" exist?

Finding the right stock before it soars can be challenging. But our friend Alexander Green has a track record for identifying these hidden gem companies. Right now he's pounding the table on a $4 stock he believes could be the cornerstone of your retirement portfolio.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

Wow, Putin Just MAJORLY Screwed Up!

Clown
 

Source: Wikimedia Commons

 

Vladimir Putin just made an idiotic mistake that will cost him dearly. It's going to drain trillions of dollars out of Russia... and potentially make some AMERICANS rich. What a bizarre story...

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