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The Cybertruck Hype is Real

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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 continued their comeback on Tuesday. U.S. treasuries bumped up to 4.36% - their highest level in 16 years. The upbeat news has investors expecting the Federal Reserve to ease interest rate policy as early as next year.

Recent weather events in Hawaii and the constant warming of the earth's atmosphere could have a massive impact on several companies. Yesterday our Lead Trading Tactician Bryan Bottarelli closed multiple winning trades on one of those companies in less than 24 hours in The War Room.

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

Tesla, Inc. (Nasdaq: TSLA)

Tesla is up 4.11% in premarket trading after Baird Equity Research added the stock to its "best ideas" list. The brokerage highlighted several of the EV maker's latest growth drivers, including its Cybertruck launch and its business dealings in EV charging deals. Its Full Self-Driving and expansion was also a key factor.

While Tesla was all the rage in 2020, it's AI that's driving the markets in 2023. Tesla CEO Elon Musk recently mentioned that his EV company is using a large amount of Nvidia hardware to power its AI tools, and our Lead Technical Tactician Nate Bear has been on AI since it started taking off in May. During that time, he closed a triple-digit winner on Nvidia in less than 5 trading days.

Click here to start trading alongside Nate today during this latest tech boom.

 

Baidu, Inc (Nasdaq: BIDU)

Baidu is up 4.31% in premarket trading after the Chinese tech company said its net profit climbed 43%, thanks to growth in online-marketing and video-streaming services. The strong results mitigated the macroeconomic concerns over China's economy that were weighing on markets last week.

The tension between the U.S. and China has been ramping up. In fact, 16 Chinese warships were spotted in waters around Taiwan in a 24-hour period last month. If China has its way, it could monopolize a crucial technology that would bring the American economy to its knees.

Click here to learn more about a U.S. company that's fighting back against China.

 

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Zoom Communications (Nasdaq: ZM)

Zoom is up 3.29% premarket after its latest earnings beat. The boost came after the videoconferencing company came into the earnings cycle looking to capitalize on artificial intelligence hype among investors. Revenue came in at $1.14 billion actual versus $1.11 billion estimated.

 

Moderna (Nasdaq: MRNA)

Moderna is up 1.10% premarket after as concerns grow about new Covid variants. The EG5 variant (nicknamed Araiza) has raised eyebrows because of the fact that it's a little bit more immune invasive. The vaccine maker knows its products have demonstrated some efficacy against new variants, despite the fact that they've been programmed to fight the Xb15 (or Omicron variant). A rollout for the new shots could come as soon as September.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

Market Millionaire Discovers "Perfect Stock"

AG on Stage
 

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