| Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures are down to start the week. The latest Consumer Price Index (CPI) data will be released on Wednesday, and should give investors a better idea of how the Fed's rate hikes are impacting inflation. Plus, banks like JPMorgan, Wells Fargo and Citi are expected to report earnings. While the markets are choppy right now, they have nothing on The War Room. We use several strategies that are proven to generate consistent winning trades in both bull and bear markets. Bryan and Karim have a 75% win rate in 2023, and right now they guarantee you'll receive 252 winning trades in your first 12 months of membership. Click here to learn more about The War Room. Here's a look at the top-moving stocks this morning. Rivian Automotive (Nasdaq: RIVN) Rivian is up 4.09% premarket after its latest production and delivery numbers were released over the weekend. The electric vehicle maker is on track to hit 50,000 deliveries in 2023 and could even go higher than that. Through the first six months of 2023, the company produced 23,000 vehicles, which is almost as many as the company produced in all of 2022. This means there's potential for strong earnings when the company reports on August 8. Our Lead Technical Tactician Nate Bear recently saw a squeeze on RIVN's chart and made a trade for a double digit gain in Daily Profits Live. Click here to see how Nate identifies chart squeezes for potential big gains in the stock market. Alibaba Group (NYSE: BABA) Alibaba is down 0.43% premarket after the China-based e-commerce giant said it may sell back some of its Ant Financial shares at a reduced price. Ant Financial, which was spun from Alibaba around 12 years ago, agreed to pay a $984 billion dollar fine to China authorities as a result of a broader settlement linked to Beijing's tech sector crackdown. Alibaba owns a 33% stake in Ant Financial and said in a filing with the Hong Kong stock exchange that it was "considering" participation in the buyback. The semiconductor war is heating up between China and the U.S. After China's latest restrictions on the exports of gallium and germanium last week, it's crucial to consider investing in chipmakers on the homefront. Click here to see how certain U.S. companies are fighting back against China, and how one stock could surge 525% as a result. | 
No comments:
Post a Comment