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Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures rose on Wednesday. Traders remained hopeful about resolving the deadlock on raising the debt ceiling through talks in Washington. The looming June deadline for a potential historic default is causing anxiety among investors, leading to increased yields across the US curve, including a 30-year note rate of approximately 3.9%, the highest since the regional bank turmoil in early March.

It's no secret the markets have been choppy as of late, but there are always unforseen opportunities for potential profit. Right now our Head Trading Tactician Bryan Bottarelli is telling readers about "The Next Major American Index." This index has been kept hidden by Wall Street for more than 30 years, and a recent Fed report showed it generated +1,700% returns in that timespan.

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

Wix.com Ltd. (Nasdaq: WIX)

Wix.com is up 6.56% premarket following a significant turnaround in its first-quarter financial results, reporting a net profit due to substantial growth in subscription revenue. Excluding one-time items, the Israeli company earned 91 cents per share, a notable improvement compared to the loss of 72 cents per share in the previous year. The company's revenue also saw a 10% increase, reaching $374.1 million, surpassing analysts' expectations. Wix projects its second-quarter revenue to be between $380 million and $385 million, demonstrating a potential annual growth of up to 12%.

Yesterday we closed a winning trade on an overnight strangle on WIX in The War Room.

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Western Alliance Bancorp. (NYSE: WAL)

Western Alliance Bancorp is up 9.05% premarket after it announced that its deposits had grown by over $2 billion since the end of the previous quarter. This news alleviated concerns regarding the well-being of regional lenders in the US. Western Alliance's stock rose by 8.5% in premarket trading, while PacWest Bancorp, another regional lending peer, gained 9%, and Zions Bancorp increased by 1.9%.

 

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Tesla, Inc. (Nasdaq: TSLA)

Tesla is up 1.50% premarket following Elon Musk's announcement that he intends to continue serving as CEO of the clean energy automaker, Tesla. Musk stated that his involvement with Twitter will be significantly reduced compared to the past six months, emphasizing that he has no plans to step down as CEO of Tesla despite relinquishing that role at Twitter. He explained that his responsibilities will lessen with the appointment of Linda Yaccarino as CEO of Twitter next month.

Tesla's stock skyrocketed 740% in 2020, and the electric vehicle sector is expected to be worth $7 trillion in the near future. Right now our friend Andy Snyder is telling readers about another potential major player in the electric vehicle sector. Inc. magazine calls it "Tesla's worst nightmare."

Click here to learn why this $6 EV stock has so much excitement behind it.

 

Keysight Technologies (NYSE: KEYS)

Keysight is up 7.56% premarket after reporting quarterly earnings of $2.12 per share, surpassing the Zacks Consensus Estimate of $1.94 per share and showing an increase from $1.83 per share in the same period last year. This resulted in an earnings surprise of 9.28%. In terms of revenue, Keysight generated $1.39 billion, exceeding the Zacks Consensus Estimate by 0.78% and marking an improvement from $1.35 billion in the previous year.

 

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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