Tuesday, June 25, 2024

Nvidia Bounces Back...

Trade of the Day Wake-Up Watchlist

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Good Morning Wake-Up Watchlisters! Grab the cold brew, relax, and check out this morning's top moving stocks. You'll see the major indexes were mixed on Tuesday as investors looked for a rebound after the Nasdaq's single biggest day decline in 2 months. Investors are focusing on the chip giant Nvidia, which lost more than $430 billion over the last three trading sessions. However, its latest rebound triggered a Nasdaq climb (more on that below).

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

Nvidia Corporation (Nasdaq: NVDA)

Nvidia is up 2.33% in premarket trading after entering correction territory this morning. The top chipmaker hit a record high last week of $135.58, but finished 6.7% lower on Monday. Its Tuesday rebound helped boost the Nasdaq, and fellow chip stocks Micron, Broadcom and Qualcomm were also up 1% each in premarket.

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Faraday Future Intelligent Electric (Nasdaq: FFIE)

Faraday Future is down 19.63% in premarket trading. The startup tech company announced a proposal of a reverse stock split ratio of up to 40:1. Last December its stock fell below Nasdaq's minimum bid price requirement for listed companies, resulting in a defiency notice from Nasdaq. The company is currently waiting on the decision of the Nasdaq Hearings Panel and is looking to comply with the SEC rules and requirements.

 

JOLTS OVERNIGHT TRADE DEMONSTRATION

115% Average Gain
 

Every Time the Government Releases Jobs Data... Make This Trade the Night Before!

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SolarEdge Technologies (Nasdaq: SEDG)

SolarEdge is down 16.72% in premarket trading amid customer bankruptucy. A filing said SolarEdge customer PM&M Electric owes SolarEdge about $11.4 million under a secured promissory note. But SolarEdge might not receive those funds since PM&M recently filed for Chapter 7 bankruptcy.

Airbus (AIR.PA)

AirBus is down 11.79% in premarket trading in Paris due to production challenges that hampered profit targets. It said late Monday it expects to deliver about 770 jets and generate operating profit in 2024 of about $5.5 billion. That number was lower than previous forecasts of 800 jets and an operating profit between $6.5 billion and $7 billion.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

JOLTS OVERNIGHT TRADE DEMONSTRATION

115% Average Gain
 

Every Time The Government Releases Jobs, Inflation, GDP, and Other Economic Reports...

Use The JOLTS Loophole to target up to 253%... 327%... Even 383% overnight gains...

Whether the market surges... or crashes!

Discover The JOLTS Loophole (BEFORE Tues at 2 pm!)

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