Thursday, June 15, 2023

The Powell Pullback...

Trade of the Day Wake-Up Watchlist

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Good morning Wake-up Watchlisters! While you're spreading butter across a slightly burnt piece of toast you'll see stock futures slipped on Thursday. The drop came after Federal Reserve Chair Jerome Powell's latest comments, which were perceived as somewhat hawkish by investors. Furthermore, upcoming data on retail sales, manufacturing, and jobless claims could serve as catalysts amid recession concerns.

 

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

Intel Corporation (Nasdaq: INTC)

Intel is down 1.07% premarket after a recent pullback. However, Intel has been gaining momentum, with a 9.5% increase this week and a 19% spike in a single quarter. The company has been hitting some promising benchmarks. For one, AI company Nvidia chose Intel's CPU for their platform, and reports are showing that Intel's CPU has 7x performance over fellow competitor AMD's Genoa Server CPU.

Several AI stocks like Nvidia have been hot since May and other AI stocks were showing strong momentum in early June. Our Lead Trading Tactician Nate Bear recently took another winning trade in the AI sector this week.

Click here to unlock that trade and learn more about Nate's unique TPS system.

 

Alibaba Group (NYSE: BABA)

Alibaba is up 1.62% premarket after the company's president, J. Michael Evans, revealed that the company will prioritize Europe in its efforts to expand local businesses and online platforms outside of China. Back in March, Alibaba announced plans to split into six units and explore fundraising or listings for most of them, following a regulatory crackdown on China's tech sector.

As China continues to impose its will, it's vital to consider how dangerously close they are to monopolizing the most important technology on earth.

Click here to see how America is fighting back and why one stock could surge 525% as a result.

 

Look at What Biden Is Up to Now!

I Did That Inflation Rate
 

You have every right to be upset at the politicians who got us into this mess.

Money printing always ends in disaster.

That's why the senior-most Dealmaker for the U.K.'s Department of International Trade flew to the U.S. to deliver a critical message.

To see what he said, click here.

CVS Health Corporation (NYSE: CVS)

CVS Health is up 0.75% premarket after falling 7.76% in after hours trading. A recent report showed that Americans are getting surgeries they may have put off during the pandemic. CVS currently generates around 30% of its total revenue from its healthcare benefits segment, and its Aetna unit felt the negative impact of higher numbers for elective procedures.

 

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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