Tuesday, May 28, 2024

Another Manic Meme-day

Trade of the Day Wake-Up Watchlist

Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were up on Tuesday as traders await key inflation prints and more bank speakers for interest rate hints. According to ECB data, consumer inflation expectations in the euro zone ticked lower in April, and policymakers will meet again to discuss rates on June 6.

Government reports and inflation data can serve as major catalysts for the market, and every week Bryan and Karim make a trade based on these potential market moving events in Catalyst Cash-Outs. So far they've closed 7 winning trades for a 70% win rate with this service.

Click here to get access to today's pick at 2 p.m. EST.

 

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

Gamestop Corp. (NYSE: GME)

Gamestop Corp. is up 24.42% in premarket trading after raking in nearly $1 billion from a share sale program. The video game retailer went into a trading frenzy earlier this month by selling 45 million shares to raise nearly $903 million, according to a statement on Friday.

Meme stocks like Gametop and AMC have the potential for major gains in either direction, but they can also be risky due to their volatility. That's why our Lead Technical Tactician Nate Bear focuses on following trends and patterns in Daily Profits Live to make consistent winning trades.

Click here to get access to Nate in Daily Profits Live today.

 

CAVA Group, Inc. (NYSE: CAVA)

Cava group is up 3.74% in premarket trading ahead of its quarterly earnings. Wall Street analysts expect CAVA to report total revenue of $246 million, which would be a 21% year over year increase.

 

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Nvidia (Nasdaq: NVDA)

Nvidia is up 2.50% in premarket trading after Tesla and X CEO Elon Musk announced his xAI start-up raised $6 billion after its last round of fundraising. It's expected that most of the cash will be spent on Nvidia's hardware.

AMC Entertainment Holdings (NYSE: AMC)

AMC entertainment is up 4.96% in premarket trading after completing a $250 billion stock sale during the meme rally stock craze that stemmed from the return of "Roaring Kitty." Overall, the movie theater sold 72.5 million shares.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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