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Health Stock Gets FDA-approved Boost

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The FDA approval for Incyte was based on Lilly's BRAVE-AA1 and BRAVE-AA2 trials, the largest Phase AA clinical trial program completed to date.

Good morning Wake-Up Watchlisters! While you're sipping that coffee with the artsy drawing painted in the froth you'll see US stock futures gained Wednesday morning. Europe stocks are also up as both sides of the world grapple with soaring inflation, slow economic growth and volatile markets.

Not all sectors are built for these inflationary markets. Tech stocks like Peloton, Nikola and Zoom are getting slammed in 2022. But don't worry. Certain stocks do well in fear driven markets like this. Our friend Marc Lichtenfeld has seen this type of thing before and he wants you to know about THREE SPECIFIC STOCKS he believes can dominate in the current volatile markets.

Click here to learn all about these anti-inflation stocks.

 

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

Incyte Corporation (Nasdaq: INCY)

Incyte is up 6.98% premarket after receiving FDA approval for its OLUMIANT© pill. The pill is used as a first-in-disease systemic treatment for adults with severe alopecia areata. The approval was based on Lilly's BRAVE-AA1 and BRAVE-AA2 trials, the largest Phase AA clinical trial program completed to date. Keep an eye on Incyte going forward.

 

Dell Technologies (NYSE: DELL)

Dell Technologies is up 3.13% premarket as the company's share performance remains inspiring. Over the last year, Dell shares have outperformed the S&P 500 – despite many companies witnessing double-digit valuation slashes. Dell has posted consistently strong quarterly results, and its $7.62 EPS estimate for the next fiscal year shows Dell increasing its earnings by a respectable 8.2%. Keep an eye on Dell Technologies going forward.

While Dell continues to look strong, we're currently positioned on another tech company in The War Room that's holding up in the face of inflation. Click here to unlock this stock.

 

Take-Two Interactive Software (Nasdaq: TTWO)

Take Two is up 6.07% premarket after Playstation revamped its video game subscription service to compete with Xbox. The new premium service will offer several Take-Two titles such as Red Dead Redemption II. The company also expects to substantially increase its output of AAA games on the PC side, which could increase revenue and profitability. Keep an eye on Take-Two Interactive going forward.

 

Snowflake Inc. (NYSE:SNOW)

Snowflake is up 3.64% premarket after the company launched Unistore, a new workload that expands the power of its cloud data. Adobe is an early adopter of Unistore and has begun using the private preview of Hybrid Tables for its Adobe Campaigns application. Keep an eye on Snowflake going forward.

 

You Need This Info For The Current Market

In the current bear markets, you need to be in protection mode. This is why position sizing is so important. Our Head Trading Fundamental Karim Rahemtulla talks all about in this video. Click here to watch.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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