Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were slightly higher on Thursday. The boost came after Wall Street closed lower yesterday following the release of the Federal Reserve's minutes from a July meeting. The minutes indicated that rising interest rates may continue due to a "significant" risk of inflation. With inflation still a problem, it's crucial to consider alternative investments that could provide you consistent income. Right now our friend Marc Lichtenfeld is telling readers about his No. 1 pick for 2023. It's not a stock, bond or private company, and it could hand you monthly income over and over again… for life. Click here to unlock Marc's top pick in the energy sector. Here's a look at the top-moving stocks this morning. Hawaiian Electric Industries (NYSE: HE) Hawaiian Electric Industries is down 11.96% premarket after facing a new lawsuit blaming its equipment for starting wildfires that killed more than 100 people in Maui. Witnesses say some of company's power poles fell over during an Aug. 8 storm and ignited grass fires that quickly spread and destroyed much of the town of Lahaina. Hawaiian Electric Industries is currently discussing its legal challenges with advisory firms. Rising temperatures and extended droughts have been a key driver in recent wildfires in Hawaii, and this trend is not going away anytime soon. Our Lead Trading Tactician Bryan Bottarelli recently talked about how climate shifts are affecting specific companies in his latest video. To start following along with our actual trades on these tickers in realtime, click here to join The War Room. Wolfspeed, Inc. (NYSE: WOLF) Wolfspeed is down 13.01% premarket after the silicon-carbide chip company logged a fiscal fourth-quarter net loss of $113.3 million, compared to a loss of $61.8 million in the year-ago period. It cited significant factory startup costs and construction expansion that has yet to generate revenue as the primary reasons for the loss. Microchips are a major component in the world's latest technology race, and right now the United States is pushing hard to manufacture these chips to fight back against China's evil plan. Click here to learn more about a U.S. company that could see a 525% increase in its stock as a result of this conflict. |
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