Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures rose higher on Tuesday amid signs fearful inflation expectations are dropping. Traders are also overcoming their initial bearish reaction to the oil cartel's plan and are now betting higher crude prices won't lead to the Federal Reserve speeding up the pace of interest-rate hikes. Attention traders: If you're looking to profit off markets without taking a ton of undue risk, look no further than Marc Licthenfeld's latest book "Get Rich with Dividends: A Proven System for Earning Double-Digit Returns." In this latest updated 3rd edition, you'll learn how to generate significant income with Marc's low risk 10-11-12 system. Click here to discover how to earn double-digit returns from dividends. Here's a look at the top-moving stocks this morning. AMC Entertainment (NYSE: AMC) AMC Entertainment is down 26.61% premarket after the theater company reached a settlement that will allow it to go ahead with converting its AMC Preferred Equity, or APE, units into common shares. AMC also will be allowed to carry out a 1-to-10 reverse stock split and have the right to sell more shares. Lifting the status quo order still needs court approval. Meme stocks can be risky investments, but when you know how to play big swings in the market, there's opportunity for big profits. Our "overnight trading" strategy in The War Room helps traders make simple 5-minute trades at the end of the day that have a chance to double their money in less than 24 hours. These overnight trades are just one of the several strategies we use in the War Room. And right now we have a 76% win rate in 2023, so these trades work and they work regardless of market direction. Click here to learn more about overnight trades. AMC Entertainment Preferred (NYSE: APE) On the flip side, AMC Entertainment Preferred is up 22.29% premarket after the settlement. In its SEC filing, AMC disclosed a binding settlement with plaintiffs in the shareholder lawsuit regarding the movie theater chain's stock conversion plan. In theory, APE stock should be worth the same as AMC stock. |
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