Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures nudged lower on Friday. Investors are showing reluctance to take big positions ahead of next week's interest rate decisions from the Fed and the European Central Bank. Another rate hike could be coming, however the cooling labor market is supporting the case for the Fed pausing temporarily. If the Fed pauses rates (even temporarily), it would bode well for our Head Fundamental Tactician Karim Rahemtulla's Super Income portfolio. Karim's portfolio is designed to hand you 68 potential payouts throughout the year, and he's so confident he believes he'll make $1 million on the investment within 5 years. Click here to gain exclusive access to Karim's Super Income portfolio. Here's a look at the top-moving stocks this morning. Carvana (NYSE: CVNA) Carvana is up 4.37% premarket, building on the stock's biggest single-day advance on record. Carvana shocked Wall Street analysts by projecting adjusted profits of approximately $50 million, in stark contrast to the expected $6 million loss. Additionally, the company's profits per unit, a significant industry metric, are expected to rise to $6,000. The unexpected forecast caused Carvana's stock to soar by 56% in the previous session, marking the largest single-day gain on record. This development caught many investors off guard, particularly those who had shorted the stock, resulting in significant year-to-date losses of over $1 billion. While many investors were surprised, our Lead Technical Tactician Nate Bear was all over this trade. If you read Nate's article on Tuesday, you'll know he got positioned on the CVNA June 16 $15 calls after he saw a squeeze. The result was a staggering 255% winner in 2 trading days. Don't miss out on the next trade from Nate. Click here to join Daily Profits Live. Tesla, Inc. (Nasdaq: TSLA) Tesla is up 5.53% premarket as its stock reached its highest levels since September. The surge followed an agreement with General Motors (GM) that permits GM to utilize Tesla's charging station network. This partnership comes shortly after a similar deal with Ford Motor Co (F) was announced, resulting in all three major U.S. automakers utilizing the Tesla North American Charging Standard (TNACS), which comprises 12,000 fast chargers. GM has committed to adapting its vehicles to fit the TNACS by 2025, and CEO Mary Barra estimates potential savings of up to $400 million for the company. |
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