Thursday, May 16, 2024

Warren Buffett Reveals $6B Stake...

Trade of the Day Wake-Up Watchlist

Attention Traders: Our Head Trading Tactician Bryan Bottarelli will be announcing his trading plan for Nvidia (NVDA) next Tuesday at 2 p.m. EST. You won't want to miss this - Nvidia is reporting earnings on May 22nd, and its report could be big for the markets. We're inviting you to join Bryan's special event for FREE today.

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Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were up on Thursday after a lighter-than-expected inflation report. The three major averages all closed at records on Wednesday, with the S&P 500 breaking above 5,300 for the first time.

Our Lead Technical Tactician Nate Bear noticed the indexes were looking bullish on Monday and started looking for dip buying opportunities in Daily Profits Live.

Click here to join Nate on his 100-day AI trading sprint today.

 

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

Cisco Systems (Nasdaq: CSCO)

Cisco Systems is up 4.31% in premarket trading after announcing a solid sales and profit forecast for the current quarter. Sales are estimated at $13.4 billion to $13.6 billion, which was up from the average analyst estimate of $13.5 billion. The outlook sent shares as high as $54.11.

Our Head Trading Tactician Bryan Bottarelli recently got positioned on CSCO in The War Room.

Click here to unlock that trade.

 

Walmart Inc. (NYSE: WMT)

Walmart is up 4.30% in premarket trading after the retail giant lifted its fiscal 2025 sales and profit forecast. The discount retailer won over more high-income shoppers and its e-commerce sales jumped. It reported a 22% growth for its U.S. business. CFO John David Rainey told CNBC the gap between the price of cooking at home and eating out is also helping Walmart's grocery business.

Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on WMT ahead of its earnings in The War Room.

Click here to see how Bryan's overnight strategy could double your money even if a stock goes down.

 

Nvidia's One Day Super Trade LIVE Event (May 21 at 2 p.m. ET!)

NVIDIA's One Day Super Trade
 

Nvidia announces earnings in just a few days...

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GameStop Corp. (NYSE: GME)

GameStop Corp. is down 13.96% in premarket trading after the meme stock continued to slide along with AMC as the bliss of "Roaring Kitty" fizzles out. Despite the losses, the two companies were among the top three most-traded shares by retail investors during the session. But unlike 2021 when Reddit users joined forces, this time retail and instutitional investors got involved in meme stock craze.

Chubb Limited (NYSE: CB)

Chubb is up 8.71% in premarket trading after Berkshire Hathaway CEO Warren Buffett revealed a $6 billion investment in the company. Berskhire acquired nearly 26 million shares, and the property and casualty insurer became Berkshire's ninth biggest holding at the end of March.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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