Wednesday, May 3, 2023

Coffee Giant Falls 5%

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures held steady on Wednesday. Crude oil futures fell to the lowest since March, and investors are awaiting clues from policymakers on the path of US rates. Today the Fed is expected to raise borrowing costs by 25 basis points before beginning a pause in its aggressive hiking cycle.

If this is indeed the Fed's last tightening run, it could mean the end of a potentially lucrative opportunity we haven't seen since 2007. Right now our Head Fundamental Tactician Karim Rahemtulla is telling readers about his new "Super Income System." This system could allow you to pocket income as well as capital gains, and Karim believes he'll make $1 million on this investment within five years.

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

Starbucks Corporation (Nasdaq: SBUX)

Starbucks is down 5.35% premarket after its beat on the top and bottom line for its latest quarter. The coffee chain posted $8.7 billion in revenue, versus estimates of $8.2 billion and adjusted earnings per share of 74 cents versus 65 cents.

Yesterday in The War Room we got positioned on SBUX knowing that the stock was going to trend downward. So we locked in an overnight trade and members are in for a surprise this morning.

Click here to start unlocking these War Room overnight trades.

 

Advanced Micro Devices Inc. (Nasdaq: AMD)

Advanced Micro Devices is down 7.44% premarket. The chipmaker beat its first-quarter goals but gave a weak sales forecast. The- semiconductor company earned 60 cents a share on sales of $5.35 billion in the March quarter, which was ahead of Wall Street estimates of 56 cents a share. For the second quarter, AMD predicted revenue of about $5.3 billion. However, Wall Street expected $5.5 billion.

Our Lead Trading Tactician Nate Bear has been targeting semiconductor stocks as of late, and he's been taking winners. Yesterday he closed a 135% gainer on Nvidia (NVDA) in three trading days, and right now he's on a mission to turn his $37,000 account into $1 million using his unique TPS trading system.

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Nobel Prize-Winning Doctor Calls This Type of Treatment "A Magic Bullet"

Dr. Paul Ehrlich

Dr. Paul Ehrlich, the father of modern chemotherapy, dreamed of a "magic bullet" medicine...

One that would target only the disease... and leave healthy cells alone.

Now this Nobel Prize-winning doctor's dream is coming true.

One $4 stock just received FDA approval for its "magic bullet"-style drug...

And it's already racked up $2 million-plus in sales in 6 weeks.

Click here for the full story... including how you can get the ticker of this $4 stock.

PacWest Bancorp (Nasdaq: PACW)

PacWest Bancorp is down 9.01% premarket after investors remained convinced the worst is not over for banks. One new pain point on these companies is being applied by short sellers who appear to be targeting lenders they perceive to be most vulnerable. Data from S3 Partners showed short sellers have increased their bets against regional bank stocks by more than $440 million over the last 30 days.

 

Eli Lilly & Co. (NYSE: LLY)

Eli Lilly & Co. is up 7.18% premarket after promising data from the latest late-stage Alzheimer's drug trial. Eli Lilly said the treatment, known as donanemab, slowed the progression of Alzheimer's in Phase 3 trial patients by 35%, when compared to placebo, with a 40% decline on the "ability to perform activities of daily living."

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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