Thursday, April 11, 2024

Woah Alpine...

Trade of the Day Wake-Up Watchlist

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.

 

Join us for the FREE Bitcoin Mega Halving Event

Thursday, April 11, legendary investment guru Shah Gilani will press crypto expert Robert Ross for details on crypto’s latest bull run.

The Bitcoin Mega Halving Event
 

Why does Robert say now is the perfect time to buy certain altcoins?

Could we see multiple 1,000% gains in a matter of months?

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Reserve your free spot HERE: April 11 at 2 p.m. ET.

Robinhood Markets (Nasdaq: HOOD)

Robinhood is down 3.49% in premarket trading after getting downgraded to "sell" from "Neutral" by Citi analyst Christopher Allen. The stock has been on a 44% rise this year, largely due to Bitcoin surging to more than $70,000. The overall pullback in the markets was also priced in.

Fastenal Company (Nasdaq: FAST)

Fasternal is down 5.34% in premarket trading after its latest earnings report. Its first quarter earnings came in at 52 cents per share, or just under $1.9 billion and Wall Street was expecting 53 cents and just over $1.9 billion, respectively. Operating profit margins came in at 20.6%, down from 21.2% a year ago.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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