Wednesday, July 19, 2023

Woah Carvana...

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures rose again on Wednesday. Tech giant Microsoft fueled the rally, as the stock soared following news about its AI-powered office tools and its alliance with Meta Platforms. Chip giant ASML, Tesla and Netflix are on deck to report earnings today.

The tech sector is booming, and our Lead Technical Tactician Nate Bear has been capitalizing on these recent market rallies in Daily Profits Live. Last week he closed 9 winners for an 82% win rate, including a 107.32% gain on ServiceNow (NYSE: NOW). This week he has his sights on another tech company.

Click here to start unlocking Nate's trades in Daily Profits Live.

 

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

Carvana (NYSE: CVNA)

Carvana is up 42.61% premarket after the nation's largest online used auto retailer delivered the best quarter in company history. Its total gross per unit was $6,520, which was an increase of 94% compared to last year in Q2. Net loss margin was 3.5%, an improvement of 7.5% compared to first quarter 2023.

Carvana has seen some major volatility as a stock throughout its history, and we use a very specific trading strategy to capitalize on potential big gains like this in The War Room.

Click here to learn more about how our overnight trading system could help you double your money overnight.

 

Elevance Health (NYSE: ELV)

Elevance Health is up 3.86% premarket after posting its latest full-year profit forecast. The health insurer is currently predicting full-year profit above Wall Street estimates after its latest earnings beat. It cited lower-than-expected medical costs as the primary factor.

 

VMware (NYSE: VMW)

VMWare is up 7.73% premarket after the U.K.'s Competition and Markets Authority provisionally cleared the way for Broadcom Inc. to acquire the cloud infrastructure company. The final decision on the deal is expected no later than Aug. 9 and Broadcom said it expects to close the deal in its current fiscal year.

 

What does a perfect stock look like?

The truth is… you can fund an entire retirement off one stock, but you must get in at the right time. Our friend Alexander Green has a track record of finding some of the best stocks BEFORE they become household names. Right now he's pounding the table on a dirt cheap company he believes could be the cornerstone of your retirement in the coming years.

Click here to find out what that stock is.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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