Tuesday, June 27, 2023

A Snowy Day in June

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures bumped higher on Tuesday. The boost came after China's Premier Li Qiang mentioned that domestic GDP growth would top 4.5% this quarter. Investors are also waiting on the release of monthly durable goods, new home sales, and consumer confidence data for a better picture of where the markets are at.

While the markets have been struggling as of late, there's been a select group of stocks that have been going gangbusters in 2023. Our Lead Technical Tactician Nate Bear recently closed out on one of those stocks for a triple-digit gain in 7 trading days in Daily Profits Live.

Click here to unlock this trade and join Nate as he pushes for a $1 million portfolio.

 

Snowflake Inc. (NYSE: SNOW)

Snowflake is up 2.84% premarket after announcing a partnership with AI platform Nvidia (NVDA). The deal will enable Snowflake's extensive customer base of over 8,000 businesses to create their own generative AI assistants. The collaboration was unveiled during a fireside chat at the Snowflake Summit, featuring Nvidia CEO Jensen Huang and Snowflake CEO Frank Slootman.

We've been holding SNOW in our Trade of the Day Plus portfolio since November 2022 and right now it's generating a double digit return.

Click here to unlock this trade.

 

Walgreens Boots Alliance (Nasdaq: WBA)

Walgreens Boots Alliance is down 7.06% premarket after slashing its full-year earnings guidance and falling short of expectations in its latest earnings report. The company cited lower consumer spending and a drop in demand for COVID vaccines.

The retail pharmacy chain lowered its earnings guidance to a range of $4.00 to $4.05 per share for the full year, down from its previous forecast of $4.45 to $4.65 per share.

 

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NVIDIA (Nasdaq: NVDA)

NVIDIA is up 0.60% premarket following the announcement of a partnership with cloud computing firm Snowflake (SNOW). The collaboration involves integrating Nvidia's NeMo enterprise framework, designed for constructing and deploying generative AI models, into Snowflake's Data Cloud. The expanded market potential for Nvidia's AI chips and servers prompted Morgan Stanley analyst Joseph Moore to raise his rating and price target on the company.

There are big developments happening in the semiconductor sector as the US plans to start producing more microchips at home to combat China's sinister plan.

Click here to learn more about why a stock could surge 525% as a result of China's pursuit of globlal tech dominance.

 

Unity Software Inc. (NYSE: U)

Unity is up 3.46% premarket after the real-time 3D content platform announced its launching a dedicated AI marketplace in its asset store. The marketplace will feature AI-driven game development and gameplay enhancements. Also, developers can now access and start creating with an ever-growing selection of AI tools.

 

Does the perfect stock exist?

The truth is… you can fund an entire retirement off one stock, but it isn't easy. Our friend Alexander Green has a track record of finding some of the best stocks BEFORE they become household names. Right now he's pounding the table on a company he believes could be the cornerstone of your retirement in the coming years.

Click here to find out what that stock is.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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