Wednesday, March 1, 2023

Vaccine Maker Plummets

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures rose on Wednesday to kick off March. Traders are looking to recover their footing after a losing last month. Right now the markets are rising due to a few factors, one being the current economic data out of China, which showed manufacturing PMI rose to 52.6 in February – a high not seen since April 2012.

With the markets still in flux to start 2023, it's crucial to use the best strategies to make gains. We use what we call "The Perfect Timing" pattern in the War Room. This simple chart can be learned in under a day, yet it's proven to help traders feel more confident in their trading.

Click here to see how this pattern works.

 

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

Novavax (Nasdaq: NVAX)

Novavax is down 24.41% premarket after the vaccine maker warned of "substantial doubt" it can stay in business through next year. Novavax's stock lost 93% of its value as the company faced manufacturing issues last year. Sales from its latest quarter totaled $357 million, with an adjusted loss per share of $2.28. Top and bottom line results missed analysts expectations.

If a company is in serious jeopardy, it's crucial to know why. It's also crucial to learn which stocks actually have a chance of increasing value over time. Right now there's a company that our Head Fundamental Tactician Karim Rahemtulla is calling "The Last Great Value Stock." It recently developed an incredible new tech that powers 1 million homes, and its currently trading at under $1.

Click here to see why this company is a potential great value play.

 

Sarepta Therapeutics (Nasdaq: SRPT)

Sarepta Therapeutics is up 20.24% premarket after topping revenue estimates. The biomedical company posted revenues of $258.43 million for the quarter ending in December 2022, surpassing the Zacks Consensus Estimate by 3.63%. This compares to year-ago revenues of $201.46 million. But overall, shares of Sarepta Therapeutics have lost about 8.8% since the beginning of the year versus the S&P 500's gain of 3.7%.

Cutting edge health companies are constantly looking to create the next big breakthrough in medical science. Our friend Alexander Green wants readers to know about this one company. Its already seen over $400 million in investments from the Bill & Melinda Gates Foundation and Fidelity. Plus, Elon Musk recently sent its device into orbit.

Click here to discover this under $3 medical device company.

 

Investors Quitting the Stock Market and Choosing This

Business woman throwing work papers in the air

A rogue group of investors is quitting the stock market... and choosing a way to grow its money outside the stock market.

The returns are predetermined, and these investors know exactly how much they could make before investing a cent.

Best of all? Income expert Marc Lichtenfeld has never lost money investing this way.

Learn more here.

Rivian Automotive, Inc. (Nasdaq: RIVN)

Rivian Automotive is down 9.17% premarket. The electric vehicle company issued production guidance of 50,000 vehicles for 2023, which was below analysts expectations of 62,797. Its revenue for the latest quarter came in at $663 million versus expectations of $717.3 million. It also announced it will recall 12,716 vehicles because of a sensor issue.

The Electric Vehicle market is expected to be worth $7 trillion in the coming years. And there's one $25 startup our friend Andy Snyder wants you to know about. Inc. magazine called it "Tesla's worst nightmare" and it's easy to see why. Its car has a 1,080-horsepower engine and a top speed of nearly 170 miles per hour. Yet it's 100% electric.

If you missed out on Tesla, click here to learn more about this $25 EV startup.

 

Kohl's Corporation (NYSE: KSS)

Kohl's is down 12.05% premarket after posting a fourth quarter net sales decrease of 7.2% and comparable sales decrease of 6.6%. Its gross margin as a percentage of net sales was 23%, a decrease of 1,016 basis points. Clearance markdowns impacted margin by approximately 750 basis points.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

Virginia Millionaire Warns European Energy Crisis Could Destroy U.S. Economy

Alex Driving
 

Morgan Stanley is warning of an "imminent recession" in Europe. The head of the European Central Bank says it is a "very dark downside scenario."

And one Virginia millionaire who predicted the housing crisis and called the bottom of the COVID market... says this could be devastating to U.S. stocks.

But only if ONE THING doesn't happen. See his shocking prediction here.

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