Good Morning Wake-Up Watchlisters! While you're sippin coffee you'll see stocks were poised for further losses on Thursday as investors prepare for another inflation report. Stocks pulled back yesterday after hotter-than-expected CPI data, and now the market is pricing in just two rate cuts in 2024. Inflation may have come in hot on Wednesday, but we were ready in Catalyst Cash-Outs. We've discovered a new way to make trades on key government reports like the CPI, and they can potentially profit no matter which direction the markets go. Click here to see how we got positioned on the CPI report for potential gains yesterday. Here's a look at the top-moving stocks this morning. CarMax, Inc. (NYSE: KMX) CarMax is down 10.15% premarket ahead of its latest earnings report. Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. The car seller bought 234,000 vehicles from consumers and dealers, which was 10.8% versus last year's fourth quarter. Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on KMX in The War Room. Click here to unlock that trade. Alpine Immune Sciences, Inc. (Nasdaq: ALPN) Alpine Immune Sciences is up 36.48% in premarket after Vertex Pharmaceuticals announced it would buy the biotech company and its experimental kidney disease drug for $65 per share, or approximately $4.9 billion. The deal represents a premium of about 67% to the stock's close on Tuesday. |
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