Tuesday, August 15, 2023

Buffett Bets on Housing

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures fell on Tuesday. The dip came amid concerns that China's faltering economy and debt problems will spread to the global economy. The country is currently struggling to contain a potential default at developer Country Garden Holdings Co. after missing payments on its debt.

China has proven to be a risky investment, and its latest sinister plan could force America to its knees.

Click here to learn more about China's plan to monopolize a crucial piece of technology and what the US is doing to stop it.

 

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

The Home Depot, Inc. (NYSE: HD)

Home Depot is down 0.29% premarket after posting a slight beat in its second-quarter earnings on Tuesday. The retailer reported revenue of $42.92 billion, but its stock dropped as home improvement struggled to regain the allure it once had during COVID. Last quarter, sales dropped 2% compared to a year ago, driven by a decrease in transaction growth.

 

D.R. Horton, Inc. (NYSE: DHI)

D.R. Horton is up 2.77% premarket after Warren Buffett's Berkshire Hathaway revealed new positions in three US homebuilders. The announcement sent shares of each company higher, with Buffett's current position in D.R. Horton consisting of 6 million shares worth more than $720 million as of June 30.

 

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Discover Financial Services (NYSE: DFS)

Discover Financial Services is down 5.99% premarket after CEO Roger Hochschild stepped down from his role, effective immediately, after he concluded a change was needed. John Owen, a board member since June 2022, will take over as interim CEO.

Sudden changes in leadership can derail a stock, which is why it's crucial to find value companies that can avoid common pitfalls. Right now our Head Fundamental Tactician Karim Rahemtulla is pounding the table on what he's calling the "Last Great Value Stock." It's currently trading at under $3, and just developed an incredible new tech.

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NVIDIA (Nasdaq: NVDA)

Nividia is up 1.52% premarket as Wall Street continues to see deeper demand for AI. UBS analyst Timothy Arcuri increased his price target for the stock by $65, to $540 per share, calling Nvidia a "kingmaker" in the AI chip sector. Wells Fargo also added $50 to its objective, taking it to $500 per share.

Our Lead Technical Tactician Nate Bear has been focusing on AI tech stocks like Nividia as part of Daily Profits Live.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

Legendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin

Putin Stressed
 

Source: Wikimedia Commons

 

Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. A market expert breaks down the opportunity here.

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