Tuesday, March 28, 2023

Energy Company Spikes after Buffett Buys More Shares

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stocks wavered on Tuesday. Investors are waiting on key data for clues on monetary policy, and concerns over banks eased. New data on consumer confidence and a slew of US reports including the Fed's preferred measure of inflation are due today.

The recent volatility in the markets has created a rare opportunity in the energy sector. And our friend Marc Lichtenfeld is showing readers his No. 1 play to profit from the oil and gas surge in 2023. The average return on this unique class of investments was 196% last year, and he believes his current pick is poised for the same profit potential this year.

Click here to see how you could 25x your money over the next three years.

 

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

PVH Corp. (NYSE: PVH)

PVH Corp. is up 11.60% premarket after fiscal fourth-quarter results topped Wall Street estimates. The company's plan to accelerate growth of its two core brands Calvin Klein and Tommy Hilfiger spurred growth despite challenging macro variables. The company reported adjusted Q4 EPS of $2.38 on revenue of $2.49 billion, beating estimates of $1.66 on revenue of $2.36 billion. Tommy Hilfiger revenue increased 3%, while Calvin Klein revenue increased 3% compared to a year ago.

Earnings reports can be a major catalyst for a stock's direction. And another major catalyst is Insider Buying (the legal kind). Our Head Fundamental Tactician Karim Rahemtulla wrote last week "in my experience, insiders are right 80% of the time." It's why he dedicates so much effort to following insider buying. And right now you can start getting in on the action today.

Click here to discover how following insiders could net gains as high as 2,250%.

 

Lyft, Inc. (Nasdaq: LYFT)

Lyft is up 7.08% premarket after an announcement that former Amazon executive David Risher will be taking over after the company's co-founders announced they will be stepping down from their roles. Risher has been a board member since 2021 and will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a battered stock price. Uber now commands 74% of the ride-share market, up from 62% in early 2020.

 

Alibaba Group (NYSE: BABA)

Alibaba is up 6.90% premarket after the China based e-commerce giant unveiled plans to split into six separate companies. The company said it will separate into larger units focused on e-commerce, cloud computing and media, with each division possibly pursuing individual IPOs and funding "when they are ready." It will also create a new cloud intelligence group.

As China tech stocks rise, it's vital to know how their companies are affecting the United States. Right now China plans to dominate the chip market. If they succeed, it could mean disaster for Americans. But, there's one company fighting back. And its stock could rise over 500% in the next few years.

Click here to see how you could profit and stop China's chip takeover.

 

Occidental Petroleum (NYSE: OXY)

Occidental Petroleum is up 2.18% premarket after Billionaire investor Warren Buffett added another heaping helping of shares on his favorite energy group. Buffett bought 3.7 million shares of Occidental at cost of around $216 million last Thursday. Late last month, the Permian-focused driller said capital spending would rise to around $6.2 billion, up 37.8% from last year.

We got in on OXY at more than 45% below its price back in early March in The War Room. This was well below the levels that Warren Buffett paid for his 20% plus stake in the company.

Click here to unlock that trade.

 

Petco Health & Wellness (NYSE: WOOF)

Petco is down 4.86% premarket as the company continues to deal with economic headwinds. Shares hit an all-time low last Wednesday, dropping 18% after the company showed a disappointing near-term outlook. Sales overall have been slow for the pet provider, with only a 2% rise over last year's results, and that is with an extra week in the 2023 fiscal year. The bottom line hasn't been much better, as margin pressures find Petco bracing investors for a likely decline in adjusted earnings per share.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

China's $54 Million Payment to UPenn (Home of the Penn Biden Center) Is Nothing Compared With What's Next...

Penn Biden Center
 

China was caught giving $54 million to UPenn after the university announced the creation of the Penn Biden Center...

But this is NOTHING compared with China's most sinister plot to hurt America.

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