Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures rose as investors found confidence in strong earnings from Richemont, the maker of Cartier. There are also signs that US lawmakers are making progress on a deal to raise the debt-ceiling. Lastly, US data showing initial jobless claims reached the highest since October 2021, suggesting the Federal Reserve policy tightening may finally be having an effect. The markets remain very volatile at the moment, which is why it's important to consider alternative investments outside of stocks. Right now our friend Marc Lichtenfeld is showing readers a new type of investment. The world elite are already pouring their money into this area – and it has major upside potential with less risk. Click here to learn more about Marc's No.1 pay for 2023. Here's a look at the top-moving stocks this morning. Tesla, Inc. (Nasdaq: TSLA) Tesla is up 1.45% premarket after CEO Elon Musk announced that he would be stepping down from his position as CEO of Twitter next month, with the company's shareholders pressuring him to name a replacement quickly due to challenges faced by Tesla, such as increased competition, fading consumer demand, supply chain disruptions, and margin pressures. Reports have identified NBCUniversal ad executive Linda Yaccarino as the new CEO who will take over in about six weeks while Musk transitions to the role of chief technology officer. Tesla is the king of EV's right now, but our friend Andy Snyder believes another company has the chance to overtake them. Nasdaq reports its car could challenge Tesla's hedgemony, and Inc. magazine says it's Tesla's worst nightmare. Click here to see why this $25 EV startup has so much excitement behind it. PacWest Corp. (Nasdaq: PACW) PacWest Corp. is up 1.07% premarket after regional bank stocks rebounded as the Federal Deposit Insurance Corporation (FDIC) announced plans for larger US lenders to replenish its rescue fund. The FDIC plans to impose a 0.125% levy on lenders with uninsured deposits over $5 billion, placing the burden on large US lenders. The top 14 banks are expected to pay approximately $5.8 billion each year for two years, starting in 2024. First Solar, Inc. (Nasdaq: FSLR) First Solar is up 4.15% premarket after First Solar has acquired Evolar AB, a European leader in perovskite technology, for approximately $38 million paid at closing and up to an additional $42 million subject to achieving certain technical milestones in the future. The acquisition is expected to strengthen First Solar's global leadership in thin film photovoltaics and accelerate the development of next-generation PV technology. The impact on operating expenses for 2023 is estimated to be around $2-4 million, excluding the impact of purchase price accounting. The clean energy sector is offering major upside potential, and nuclear energy is another area to consider. Right now our Head Fundamental Tactician Karim Rahemtulla is calling this stock "The Last Great Value Stock" thanks to a new nuclear breakthrough that's ALREADY commercially viable. Click here to learn more about why this "Nuclear Miracle" could take this $1 stock into the stratosphere. |
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