Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were mixed on Thursday. Several top companies fell after earnings yesterday (more on that below) and investors hit pause on what's been a blistering 45% Nasdaq rally fueled largely by tech stocks and AI hype. Our Lead Technical Tactician Nate Bear has been on this slight pullback in Daily Profits Live. Right now he's sticking to his system and only playing names that aren't overextended. Last week he caught fire with 9 winning trades and several of those came in the tech sector. One winner was a 71.03% gain on Microsoft in 2 trading days. Another was a 33% winner on Advanced Micro Devices in 5 trading days. He also closed a 23.85% win on AI in less than 24 hours. To start trading alongside Nate in Daily Profits Live and learn more about his mission to turn $37,000 into $1 million, click here. Here's a look at the top-moving stocks this morning. Tesla (Nasdaq: TSLA) Tesla is down 3.03% premarket after its profit margin fell short of Wall Street's expectations. Its gross profit margin of 18.2% fell shy of estimates of 18.8%. The number meant a 24% decline from its peak in fourth quarter 2022. However, its sales of $24.9 billion easily beat expectations of $24.51 billion. Tesla CEO Elon Musk recently said TSLA is overvalued. When trading stocks, it's crucial to learn when they're overvalued vs. undervalued. Our Head Fundamental Tactician Karim Rahemtulla specializes in finding undervalued companies with potential to grow. Right now he believes this under $2 stock fits his criteria for one of the most undervalued, yet fundamentally sound companies on the planet. This company also recently developed an incredible new technology that could lead to $5 billion in annual revenue. Click here to unlock what Karim is calling "The Last Great Value Stock." Netflix, Inc. (Nasdaq: NFLX) Netflix is down 6.40% premarket after its latest earnings report. The streaming platform missed revenue estimates despite new initiatives like the crackdown on password sharing and ad-supported tiers. Overall, revenue came in at $8.19 billion versus $8.30 billion expected. When stocks fall, it can cause many amateur traders to panic. However, our Lead Trading Tactician Bryan Bottarelli loves it when stocks fall. He's made over 6,000 trades in his career, and he's won on about 75% of those trades. In his latest video, Bryan details how he's learned to make gains when stocks are dropping with his "stock-flipping" method. Click here to discover how Bryan applies the human psychology from his time trading in the pits to make consistent winning trades. |
No comments:
Post a Comment