Thursday, July 6, 2023

Zuckerberg Goes for the Takedown

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures fell on Thursday as potential rate hikes for July build. All three major benchmarks turned in losses on Wednesday following hawkish minutes from the Fed's June meeting. Overall, the markets now see an 89% chance of a hike at the Fed's July meeting.

When markets get volatile, it's important to consider alternative investments outside of traditional stocks. Our friend Marc Lichtenfeld has been pounding the table on what he's calling his No. 1 investment opportunity of 2023 – and it's NOT a stock.

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

Marathon Digital Holdings (Nasdaq: MARA)

Marathon Digital Holdings is up 3.73% premarket after the bitcoin producer announced a 599% increase in bitcoin production since June 2022. Asset giant BlackRock also recently filed for a Bitcoin ETF that could potentially increase prices and improve profitability of Marathon. Bitcoin saw a 2% premarket rise this morning.

While Bitcoin is on the move today, the truth is we're not big fans of cryptocurrency at Monument Traders Alliance. Instead, we focus on real companies that provide real value, and there's one company in particular that our Head Fundamental Tactician Karim Rahemtulla is high on. He's calling it "The Last Great Value Stock" and right now it's trading for under $2.

Click here to see why Karim likes this group so much.

 

Meta Platforms (Nasdaq: META)

Meta Platforms is up 1.54% premarket as its new Twitter competitor, Threads, officially launches today. The company will be linked to Instagram and seek to capitalize on Twitter's shortcomings under owner Elon Musk. Other companies like Mastodon and Bluesky have also attempted to overtake Twitter, but they haven't taken off so far.

Tech stocks like Apple and Tesla have been thriving in 2023 despite other sectors struggling. In fact, seven incredibly strong tech stocks were the center of the S&P's 167% rally over the last 52 weeks.

Click here to see how we're playing the recent tech developments in The War Room.

Click here to unlock our newest Lead Technical Tactician Nate Bear's latest trades.

You can also discover a sneaky way to own one of the most popular tech stocks, Nvidia, by clicking here.

 

Look at What Biden Is Up to Now!

I Did That Inflation Rate
 

You have every right to be upset at the politicians who got us into this mess.

Money printing always ends in disaster.

That's why the senior-most Dealmaker for the U.K.'s Department of International Trade flew to the U.S. to deliver a critical message.

To see what he said, click here.

Genius Sports Limited (NYSE: GENI)

Genius Sports Limited is up 11.36% premarket after the National Football League announced an extension of its partnership. As part of the deal, GENI will remain the exclusive distributor of live game data and Next Gen Stats. There was also an additional agreement that extends to Genius Sports' exclusive right to distribute NFL low latency Watch & Bet live game video feeds to U.S. sportsbooks.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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