Biotech Group Falls After Potential Lawsuit

Commissioners assert a merger could impact innovation ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures dipped on Tuesday against the backdrop of the ongoing impasse in Washington regarding the debt ceiling. Investors sought refuge in safe havens such as Treasuries and tech shares, and are also closely monitoring the discussions between President Joe Biden and House Speaker Kevin McCarthy. Treasury Secretary Janet Yellen warned of the potential consequences if the debt limit is not raised. However, most investors anticipate a last-minute resolution to avoid default. Fear-based political squabble aside, there's an exciting new development happening right now on Wall Street. It's an entirely new index that's unveiling a secret profit window, and our Head Trading Tactician Bryan Bottarelli believes it will be the "Next Great American Index" because it does something truly remarkable. Click here to learn more about this secret profit window. Here's a look at the top-moving stocks this morning. Horizon Therapeutics (NYSE: HZNP) Horizon Therapeutics is down 17.31% premarket following news of a potential lawsuit by the Federal Trade Commission (FTC) aiming to prevent the company's $28 billion sale to Amgen (NASDAQ: AMGN). According to sources familiar with the matter, the FTC held a closed-door meeting on Friday to discuss the transaction, and it is anticipated that the commissioners will vote on the deal sometime this week. In addition, Bloomberg reported that the FTC is likely to file a lawsuit on Tuesday, asserting that the merger could negatively impact innovation and impede the progress of drug development. When it comes to making profits as a trader, volatile rises and falls in a stock could actually work in your favor. In The War Room, we use a specific strategy that has the potential for gains regardless of a stock's direction. Click here to learn more about how overnight trading works. Capital One (NYSE: COF) Capital One Financial Corp's is up 5.73% premarket following the announcement that Warren Buffett's holding company, Berkshire Hathaway, had acquired a stake in the credit cards-focused bank. The stock was poised to open at its highest level in over two weeks. Berkshire Hathaway disclosed its ownership of 9.92 million shares in Capital One, valued at approximately $954 million based on the closing price on March 31. While Capital One shares had previously declined by around 8% this month due to the impact of First Republic Bank's collapse, the bank's diversified business portfolio includes auto lending and commercial banking in addition to credit cards. Do you own gold? Somebody recently decided to buy a LOT of gold. And I think I know why... It's all about a meeting that's scheduled for June 14, 2023.  If you own gold (even just a few ounces of it), you've got to see what's happening. The big announcement is just weeks away. Click here now. Home Depot (NYSE: HD) Home Depot is down 4.43% premarket after announcing its fiscal first-quarter 2023 earnings results, which fell short of estimates due to a decline in consumer spending on home improvement as compared to the pandemic-induced surge. Although Home Depot surpassed earnings expectations, its revenue for the first quarter of 2023 dropped by 4.2% compared to the same period last year. Same-store sales growth was significantly lower than anticipated, declining by 4.5% instead of the estimated 1.42% decrease. Baidu, Inc. (Nasdaq: BIDU) Baidu is up 2.70% premarket after the search engine giant exceeded first-quarter revenue expectations as businesses increased their advertising spending amid China's economic recovery following the relaxation of COVID restrictions. With the absence of lockdowns, China's economy is witnessing a resurgence in consumer and business spending, leading to a stabilization of the economy. Baidu's revenue rose by 10% to 31.14 billion yuan ($4.54 billion) in the quarter ending March 31, surpassing analysts' estimates. Tech stocks offer some of the best chances for potential profit in the market, and right now our Head Fundamental Tactician Karim Rahemtulla just reported a CEO for a major tech company bought 108,000 shares. Click here to see how following the money could lead to gains as high as 2,250%. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team After May... This Stock Under $2 Could Go to $20 (And It Would STILL Be a SCREAMING BUY) Analysts predict earnings will soar more than 320% this year... Possibly as much as 500%! Discover the last opportunity that could still rocket skyward in THIS market. Click Here to Discover Details on the Shocking Less Than $2 Stock Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. 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