Wednesday, March 29, 2023

Yogis Rejoice...

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you may want to bust out your favorite yoga pants (more on that below). Stocks trended higher on Wednesday as bank worries eased. The return of former UBS CEO Sergoi Ermotti to oversee the recent bank takeover of Credit Suisse gave European shares an early boost. It also suggests last week's events have been brought under control.

Despite this positive news, recession indicators in the markets are still flashing, meaning it's vital to look for opportunities outside the stock market. Our friend Marc Lichtenfeld has been pounding the table on a new way to invest. It's NOT a stock, bond or private company, and it could hand you monthly income over and over again, for life.

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

Lululemon Athletica (Nasdaq: LULU)

Lululemon Athletica is up 14.70% premarket after posting positive fourth quarter earnings and a solid near-term profit outlook. Lululemon said adjusted earnings for the three months in January were pegged at $4.40 per shares, a 30.6% increase from the same period last year and well ahead of the forecast of $4.26 per share. In the fiscal year, Lululemon said it sees sales in the region of $9.3 billion to $9.4 billion, a 16% increase at the upper end of the range from last year.

LULU is a stock we've traded several times in the War Room for double-digit gains. Last month we got positioned on it at a $8.45 open price and closed out for an 8.99% gain.

Click here to start getting in on these trades.

Bryan Bottarelli, our Head Trading Tactician, has been following LULU stock for a while and predicted this breakout.

Check out his article on the "coiled effect" here.

He also talked about LULU's strong customer demand in a video last month.

Click here to check out his video commentary.

 

Monster Beverage Corporation (Nasdaq: MNST)

Monster Beverage is up 5.25% premarket as the beverage company continues to see strong results in its energy drinks category. It also has a steady line-up of product launches plus gains from pricing efforts. Net sales of $1,513 million improved 6.2% year over year. Also, net sales of customers outside the United States rose 6.8% to $542.5 million, representing about 36% of the total net sales.

 

World Wrestling Entertainment (NYSE: WWE)

World Wrestling Entertainment is up 2.96% premarket as the company looks for a potential sale. There were reports last month that long-time Chairman Vince McMahon was looking to sell the company for as much as $9 billion. Potential buyers include Endeavor Group Holdings (EDR) and others in the Middle East.

 

Micron (NYSE: MU)

Micron shares are up 2.09% premarket after the chipmaker posted a narrower-than-expected second quarter loss and indicated AI demand would support near-term revenue growth. AI chip demand is expected to be a "secular driver" of near-term growth for Micron, the company said, and current quarter sales could hold at around $3.7 billion.

There are reports the AI industry could be worth trillions by 2030. And with China looking to dominate the chip sector in the coming years, it's important to know about another US tech company that's looking to fight back.

Click here to see why this company's stock could skyrocket 525% in the coming years.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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