Monday, June 10, 2024

Southwest Pops on $2B Investment

Trade of the Day Wake-Up Watchlist

Attention Traders: It's Monday and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see what he's looking at.

 

Nate will also be announcing his latest pick in Profit Surge Trader today.

Click here to see how Nate trades ONE TICKER over and over again for maximum potential gains.

Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Monday. The Federal Reserve is set to give its latest rate hike decision Wednesday, which will also the same day new data for the consumer price index drops. Traders are now expecting a rate cut around September.

No matter what the Federal Reserve does, we'll be ready in The War Room. Last week Bryan and Karim closed 11 winning trades for a 78.6% win rate, including an 88.89% win on SOFI in 124 trading days.

Click here to start trading alongside Bryan and Karim in The War Room today.

 

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

Southwest Airlines (NYSE: LUV)

Southwest Airlines is up 6.99% in premarket trading after activist Elliott Investment Management revealed a stake of nearly $2 billion in the carrier. Elliott also has plans to push for changes to help with the airlines underperformance. The management firm is one of Southwest's largest investors, citing people familiar with the matter.

 

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KKR & Co. Inc. (NYSE: KKR)

KKR is up 8.35% in premarket trading after the company announced it will join the S&P 500, according to a press release from S&P Dow Jones Indices Friday. The changes are set to go into effect prior to the open of trading on Monday. KKR recently laid out a plan to reach at least $1 trillion in assets under management in 5 years.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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Rub Elbows with William and Kate
 

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