Friday, June 16, 2023

We Have Liftoff!

Trade of the Day Wake-Up Watchlist

Good morning, Wake-Up Watchlisters!

Rustle up some cowboy coffee and let's get into the premarket movement!

We've got green fields out there as we continue our rally with what looks to be the 6th straight positive day in the S&P.

Futures continue to climb in the US and globally the markets are having their best week since March.

Flip the hat inside out, it's rally time baby!

 

Special Note: Timing is absolutely critical in the markets. This past month was one of the best in The War Room. We locked in a 92% win rate and nailed some of our biggest wins of the year! Strike while the iron is hot and sign up before we have to raise the price!

Now, let's take a look at the top-moving stocks this morning.

Virgin Galactic Holdings Inc. (NYSE: SPCE)

Virgin Galactic Goldings Inc. is up 38.92% premarket! This jump comes after company leadership announced the first commercial space flights on June 27th and 30th. Three employees completed a successful spaceflight in May this year, reaching 54 miles above the earth, marking the first crewed flight for the company since 2021. Shares were down 30% year over year when the market closed last night, let's see if Virgin Galactic can make that back and more today!

 

SoFi Technologies Inc. (Nasdaq: SOFI)

SoFi Technologies Inc. is down 7.54% premarket. The fintech company will break a 9-day rally streak after a downgrade from analysts at Oppenheimer. While its still a positive outlook, the stock has been shifted from an "outperform" to just "perform". Of course, this shouldn't come as too much of a surprise after shares nearly doubled where they were mid-May.

A drop in price is not necessarily a bad thing for investors, especially on a valuable company like Sofi Technologies. It could represent an excellent time to get into the stock. The War Room's Chief Fundamental Tactician, Karim Rahemtulla, is a big fan of SOFI and has locked in numerous wins on the fintech company. Join us now before he uses this opportunity to leverage another!

 

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The Market Phenomenon Wall Street Has Been Hiding Since 1993

iRobot Corp. (Nasdaq: IRBT)

iRobot Corp. is up 23.43% premarket. The company famous for its automated "Roomba" vacuum system just received approval from Britain's competition regulator for an acquisition by Amazon. The $1.7 billion dollar deal has been in the works for almost a year and while regulators are wary of "Big Tech" gobbling up all the "Small Tech" companies, it's been decided that this merger would not lead to competition concerns.

 

Carvana Co. (NYSE: CVNA)

Carvana Co. is down 2.54% premarket. The new age car dealer is one of few stocks in the red this morning. Of course, keeping things in perspective, even with today's premarket dip the stock is still up over 50% in the last week. That being said, this change in momentum could be an indicator that shareholder sentiment is shifting, perhaps in response to a scathing short report from independent investment group Kerrisdale Capital released on Monday.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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