Wednesday, September 6, 2023

Pipeline Operator Makes Big Bet

Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures fell on Wednesday. The drop came amid lingering inflation worries that could leave the Federal Reserve with another rate decision to make. All eyes will be on the latest PMI data for the US services sector in August, which will be released later today.

When the markets are down, it's crucial to have strategies that could result in winning trades regardless of its direction. Our Lead Technical Tactician Nate Bear developed a system that allowed him to turn a $37,000 account into $2.7 million in verified trading profits in 4 years, and he did it without being a slave to volatility.

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

Enbridge Inc. (NYSE: ENB)

Enbridge is down 7.71% premarket after the Canadian pipeline operator agreed to buy three utilities from Dominion Energy in a $9.4 billion deal. As part of the deal, Enbridge will become North America's largest natural gas provider. The deal is a major wager that natural gas will be a transition fuel for the foreseeable future even as much of the world tries to phase out fossil fuels to fight climate change.

Energy stocks were big winners in 2022, which is why our friend Marc Lichtenfeld is letting readers in on an alternative investment. It's not a stock, bond or private company, and it could hand you monthly income over and over again… for life.

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Roku (Nasdaq: ROKU)

Roku is up 7.67% premarket after the video streaming company announced plans to reduce its workforce by approximately 10% as part of its ongoing efforts to control its annual operating expense rate. This restructuring is expected to result in a charge ranging from $45 million to $65 million.

A handful of tech stocks have been major contributors to S&P 500 rallies in 2023, and last week our Head Trading Tactician Bryan Bottarelli closed a 124.47% overnight winner on semiconductor company AMBA.

Click here to start unlocking these tech sector trades.

 

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Asana (NYSE: ASAN)

Asana is down 6.24% premarket after reporting a loss for the third quarter. It finished with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to a loss of $0.34 per share a year ago.

 

Metals making a comeback

As inflation numbers continue to weigh on Americans, over 100,000 investors are buying up gold at a price not seen in years. Gold has outpaced some of the world's best assets like stocks, bonds and real estate.

Click here to start investing in metals today.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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