Thursday, June 13, 2024

Big Chip Stock Split!

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! Grab that cup o' Joe, we're over the hump! Its Thursday morning, Uncle Powell and the Fed are sticking with current interest rates, another big chipmaker share split has been announced, Tesla shareholders apparently still like Elon and the markets are mixed.

 

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

Broadcom Inc. (Nasdaq: AVGO)

Broadcom is up 12.47% in premarket trading after the chipmaker surprised on earnings and announced a 10-1 stock split on July 15th. AVGO joined follows chip giant Nvidia and a handful of other companies like Walmart who have announced share splits this year. The AI boom is driving chipmakers to new highs and Broadcom is no exception with $3.1 billion in sales directly attributed to AI in the last quarter alone.

Nate Bear has already locked in a triple digit winner on AVGO this year in his Daily Profits Live, click here to learn more!

 

Dave & Buster's Entertainment Inc. (Nasdaq: PLAY)

Dave & Buster's is down 10.49% in premarket trading after releasing dissapointing earnings yesterday after the close.This year the entertainment company has focused on a new menu, new service model, and new tech which has led to increased costs and less expansion. While first quarter results were certainly not what company leadership was looking, sales have reportedly recovered since the beginning of the year with May and June both looking to be strong months for D&B.

Anyone following the Wake-Up Watchlist knows that earnings announcements are big pivot points in the market. Head Trading Tactician Bryan Bottarelli has a strategy that will make you money - whether the stock goes up or down - as long as it moves. Read more about this explosive overnight strategy here!

 

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Tesla Inc. (Nasqdaq: TSLA)

Tesla is up 5.23% in premarket trading with shareholders seemingly backing devisive CEO Elon Musk's latest $56 billion share package which would boost his stake in the company from 13% to around 22%. With shareholder approval the enigmatic CEO will now move to convince a court in Delaware that he did not influence that decision with his "Superstar appeal" and deserves the pay day as a high performing CEO, despite the company being down almost 30% on the year.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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