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Superchip in the Works...

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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 fell on Thursday as investors reacted to hawkish notes by central banks around the world. The Fed held its target range, with policymakers calling for less easing next year. As of now, the median forecast for the federal funds rate stands at 5.1% by year-end, up from 4.6% when projections were last updated in June.

While the Federal Reserve's latest reveal could lead to more volatility, our Head Trading Tactician Bryan Bottarelli understands how to make winning trades regardless of market direction. In fact, right now he's guaranteeing an 80% win rate on a specific type of trade he makes every Wednesday that takes advantage of a unique market phenomenon.

Click here to learn more about Bryan's latest trading strategy.

 

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

FedEx Corporation (NYSE: FDX)

FedEx is up 5.07% premarket. The shipping company said it expects to retain the market share wins it earned during labor disruption at its larger package delivery rival UPS. It also posted stronger-than-expected first quarter earnings and boosted its full-year profit forecast.

Yesterday our Head Trading Tactician Bryan Bottarelli got positioned on FedEx for an overnight strangle in The War Room. Bryan has been crushing overnight trading. Over the last three weeks, he's closed three triple digit winners in less than 24 hours, including a 133% overnight gain on ORCL last week.

Click here to start unlocking Bryan's overnight trades.

 

Broadcom Inc. (Nasdaq: AVGO)

Broadcom is down 7.17% premarket after reports suggested that Google would drop Broadcom following a dispute over chop pricing and design its own processing units in-house. Google is currently ramping up its AI investments in order to win back market share it lost earlier this year to Microsoft.

 

Klaviyo (NYSE: KVYO)

Klaviyo is down 3.24% premarket after jumping 9% in after hours trading following its IPO debut yesterday. Klaviyo Co-Founder and CEO Andrew Bialecki said AI has been the core of the company's strategy over the last several years and the company can be viewed as an AI play.

 

Marvell Technology (Nasdaq: MRVL)

Marvell Technology is up 4.91% premarket after reports suggested the chipmaker could replace Broadcom as the key supplier of AI chips to tech giant Google within the next three years. Rumors are circulating that Marvell and Google have been working on developing an advanced chip known internally as "Granite Redux."

Our Lead Trading Tactician Nate Bear recently made a trade in the AI sector using his TPS system in Daily Profits Live.

Click here to learn more about Nate's mission to turn $37,000 into $1 million in verifiable trading profits.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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