Tuesday, June 4, 2024

Bitcoin Miner Soars 45.79%

Trade of the Day Wake-Up Watchlist

Attention Traders: Bryan and Karim are already off to a hot start in our War Room Open House Event. Yesterday they closed 7 winning trades, including a 72% winner on CHWY in 75 days after it reported blow out earnings.

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Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Tuesday. Weak manufacturing data showed U.S. factory activity had slowed more than expected in May and traders are now pricing in a nearly 62% chance of the Fed cutting rates in September. That number is up from about 53% before ISM data was released last week.

While manufacturing data had an impact on markets, there's another data point coming out today that Bryan and Karim will be watching like a hawk – the JOLTS report. Making trades based on this report could potentially generate triple-digit gains in less than 24 hours.

Click here to get Bryan and Karim's latest JOLTS trade.

 

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

Core Scientific (Nasdaq: CORZ)

Core Scientific is up 45.79% in premarket trading after seizing a major AI deal. The company is one of the largest owners of high-powered digital infrastructure for bitcoin mining, and it recently announced the signing of a series of 12-year contracts with CoreWeave, the AI Hyperscaler. The agreement involves Core Scientific providing 200 megawatts of infrastructure to host CoreWeave's high-performance compute operations.

Artificial intelligence continues to be a once-in-a-generation phenomenon in the markets, which is why Oxford Club's Chief Investment Strategist Alexander Green is showing investors how just a small $7,000 portfolio in just seven stocks could make you a millionaire in less than six years.

Click here to reveal the seven stocks Alexander Green believes could dominate the markets in the age of AI.

 

Bath & Body Works Inc. (NYSE: BBWI)

Bath & Body Works is down 9.09% in premarket trading after reporting a decrease in sales in its latest earnings report. The company reported net sales of $1,384 million for the quarter, which was a 0.9% decrease compared to net sales of $1,396 million for the quarter ended April 29, 2023.

Our Head Trading Tactician Bryan Bottarelli got positioned on BBWI yesterday in The War Room.

Click here to join our free open house and unlock that trade.

 

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Donaldson Company (NYSE: DCI)

Donaldson Company is up 9.65% in premarket trading after the global leader in technology-led filtration products and solutions reported third quarter fiscal 2024 net earnings of $113.5 million, compared with $93.7 million in fiscal 2023. Overall, third quarter sales increased 6% year over year to $927.9 million. It also raised its fiscal 2024 guidance.

Berkshire Hathaway (Nasdaq: BRK-A)

Berkshire Hathaway is up 0.59% in premarket trading after appearing to plunge 99% on Monday before a trading pause due to a technical glitch hit the New York Stock Exchange. After trading was recovered, it immediately rebounded towards $700,000. The NYSE said the problem was related to Limit Up-Limit Down bands meant to prevent market volatility and extreme price movements.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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