| Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures slumped on Friday. Investors are awaiting the latest inflation measure for further guidance on the trajectory of interest rates. The Personal Consumption Expenditures (PCE) price index is what investors will be looking at – in addition to the Fed's preferred assessment of how quickly prices are rising across the economy. When prices are down, it's crucial to consider value stocks that actually have a chance at going up. Which is why we have some awesome news. One of our favorite stock recommendations for all of 2023 just spiked 22% overnight! But despite this latest big move, it's still trading at less than $2! Click here to get onboard this rocket and unlock this under $2 trade. Here's a look at the top-moving stocks this morning. Beyond Meat (Nasdaq: BYND) Beyond Meat is up 13.77% premarket despite revenue coming in at a 26% decrease year-over-year in its latest earnings report. The reason for the boost to its stock price was that the plant-based food maker's loss was narrower-than-expected and it also issued strong guidance for the fiscal year. Earnings reports can sometimes be a major trigger for a stock's direction. Another major trigger involves "following the money" or "insider buying." Our Head Fundamental Tactician Karim Rahemtulla tracks insider buying (the legal kind). And his Insider Matrix portfolio delivered a return of 14% in 2022. Click here to learn how tracking Insider Buying could lead to gains as high as 2,250%! Nektar Therapeutics (Nasdaq: NKTR) Nektar Therapeutics is down 37.50% premarket after it was announced its latest study involving lupus treatment will not go forward. The biopharma company reported that a study did not meet goals and that partner Eli Lilly & Co. (LLY) decided to not proceed with a phase-3 development of the investigational treatment, called REZPEG for short. Medical startup companies can be risky, but when you know which companies to invest in and for cheap, there's a potential big payoff. Our friend Alexander Green has been high on one medical device company. Tesla CEO Elon Musk recently sent its device into orbit and Green believes it could be the "Next Big Leap" in medical technology. Click here to unlock this $3 stock. |
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