Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures dipped on Thursday. European stocks, including the FTSE 100, opened lower as investors processed the impact of the US Federal Reserve's latest rate hike. The Fed raised the federal funds rate to a target range of 5% to 5.25% yesterday, marking the highest level since September 2007 and the 10th increase in borrowing costs since March 2022. Many stocks have been down big over the last year. But the truth is the best buying opportunities happen in down markets. Right now – value stocks that stand the test of market headwinds offer the best chance at strong gains. Our Head Fundamental Tactician Karim Rahemtulla is showing readers a $1 stock he's calling the "last great value stock" and for good reason. It's a company you know and admire, and it recently developed an incredible nuclear technology. Click here to learn more about this $1 value stock. Here's a look at the top-moving stocks this morning. Qualcomm (Nasdaq: QCOM) Shares of Qualcomm (QCOM) fell by 7.05% in premarket trading after the company's fiscal fourth-quarter revenue guidance of $8.1 billion to $8.9 billion fell short of Wall Street's consensus estimate of $9.25 billion. The company cited macroeconomic headwinds, weaker global handset units, and channel inventory drawdown as ongoing challenges in its earnings release. This news comes amidst close analyst scrutiny of the chip space, with companies like AMD also facing pressure after its quarterly results announcement on Tuesday, as they work through inventory. We saw this volatility ahead of time in The War Room yesterday. And with less than an hour before the Fed announcement, we made an overnight put trade on Qualcomm. If you want to know more about how overnight trading could make you money while you sleep, click here. PacWest Bancorp (Nasdaq: PACW) PacWest Bancorp (PACW) shares plummeted 40.81% in premarket trading following the announcement that it is exploring strategic alternatives, including a possible sale, only weeks after sharing improved deposit base figures with investors. The bank confirmed on Wednesday that it is in talks with potential partners, having also considered raising fresh capital to boost its balance sheet or breaking up its Pacific Western Bank franchise from its other consumer and commercial lending businesses. The recent bank failures have created some volatility in the market, which is why our friend Marc Lichtenfeld is showing readers a unique investment outside the stock market. The average return on these rare class of investments was 196% last year, and Marc believes this unusual class of investments has the same profit potential this year. Click here to learn more about how you could earn monthly income off the latest oil and gas surge. |
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