Good morning, Wake-Up Watchlisters! Today is not the day for decaf, pour a full cup of the dark roast and let's dig into the premarket movement! Investor sentiment is middling this morning, but momentum appears to be going in the right direction after the feather ruffling FOMOC yesterday. Chair Jerome Powell announced a quarter-point rate hike despite all the turmoil in the banking sector and rumors of rate cuts. Regardless of where we are in the rate-cycle, we are winning in The War Room. This Monday we locked in two more 30%+ wins and we're positioned for more. Stop guessing what the market is going to do, click here to join The War Room. Now, let's take a look at the top-moving stocks this morning. Coinbase Global Inc (NASDAQ: Coin) Coinbase Global is down 13.34% premarket. Shares of the crypto exchange have dropped off this morning in the premarket after seeing 20% gains over the last 5 trading days. This comes after company leadership received notification of an SEC lawsuit around the corner. More than 110 million people use Coinbase which is taking the stance that the suit is an opportunity to clear up confusion around regulation in the crypto space. Carvana Co. (NYSE: CVNA) Carvana Co. is up 7.24% premarket. The new age car dealer has popped off this morning after the company announced that losses in the first quarter would be dramatically reduced, down to $50-100 million from over $340 million last year. Company leadership has also committed to restructuring the $9 billion in debt the company holds which will no doubt please shareholders. While many vehicle stocks have struggled as of late, the EV market is still seeing high demand. Our friend Andy Snyder has zero'd in on a $25 startup in the space that The Wall Street Journal says could be the next Tesla. Read more on this $25 EV stock. |
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