Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were down following the Labor Day Holiday. Investors are combing over new data showing China's economy is still struggling to recover. Despite the worrisome sentiment overseas, analysts at Goldman Sachs cut their odds of a U.S. recession, given cooling inflation and a still resilient labor market. The new month just started, and our Lead Technical Tactician Nate Bear is looking at another stock as part of his latest Profit Surge Trader service. Click here to see the big reveal before a potentially lucrative announcement on September 6. Here's a look at the top-moving stocks this morning. Fidelity National Financial (NYSE: FNF) Fidelity is up 7.46% premarket. The brokerage had applied to launch a Bitcoin exchange-traded fund in late June 2023 and last week the U.S. Court of Appeals sided with Grayscale in its lawsuit against the U.S. Securities and Exchange Commission. Earlier, the SEC had denied Grayscale's application to convert its popular Grayscale Bitcoin Trust GBTC to an ETF. Fidelity is expected to grow at a rate of 33.9% in 2024. While we're not huge believers in cryptocurrency, we do utilize strategies for potential profits on it in The War Room. Last week Bryan and Karim were on fire, closing 8 winning trades for an 89% win rate, including a 124.47% return on AMBA in 1 trading day. Click here to start trading alongside them in The War Room. Nvidia (Nasdaq: NVDA) Nvidia is down 0.64% premarket after CEO Jensen Huang recently met with India's Prime Minister Narendra Modi, which could be a clue to the hopes of making India a new AI partner. Nvidia has been the stock and company of 2023, leading the AI revolution. Its stock rose 5.4% to 485.09 last week. China has been trying to bring America to its knees with its latest plan to monopolize the chip industry. Click here to see how one U.S. company is fighting back and how its stock could surge 525% as a result. |
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