Attention Readers: In case you were out of town celebrating July 4 and missed it, you can catch up on Nate Bear's weekly watchlist by clicking here. This week Nate is eyeing a stock in the software sector that contains his favorite chart pattern. Click here to check out Nate's weekly watchlist. Good morning Wake-up Watchlisters! While you're recovering from July 4 festivities you'll see stock futures fell on Wednesday. There was an eye-catching fall in Chinese services activity, leading to concerns about the health of the world's second-biggest economy. Plus, the latest minutes from the Fed's June meeting signal more potential rate hikes, although we may get a break for the time being. Despite this recent market dip, the economy has signaled bullish signs overall in 2023 and last week Bryan and Karim were out in full force. During our War Room Open House, they made 25 trades, of which 22 of them were winners. Highlights included Bryan taking a 21.50% overnight gain on CVX and Karim capturing a 33.97% gain on PYPL in 48 trading days. Click here to learn more about how The War Room works. Here's a look at the top-moving stocks this morning. Wolfspeed, Inc. (NYSE: WOLF) Wolfspeed is up 13.57% premarket after the global leader in silicon carbide technology announced a wafer supply agreement with Renesas Electronics Corporation. As part of the deal, Wolfspeed will send a 10-year supply of silicon carbide and epitaxial wafers to Renesas, with the hopes of paving the way for Renesas to scale production of semiconductors starting in 2025. The semiconductor space has been heating up. One of the reasons for this is because of the heightened trade tensions between the U.S. and China. Click here to see why our country is bringing semiconductor manufacturing back home and a stock that could surge 525% as a result. Rivian Automotive (Nasdaq: RIVN) Rivian is up 8.23% premarket after tech giant Amazon announced it would soon roll out its first European delivery vans from the start-up company. The electric vehicle stock is up so far in 2023, and its company's production rose 200% year over year in the second quarter and sales increased by about 180%. |
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