| Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures steadied on Wednesday after two straight days in the red. The global selloff in bonds eased, and the bond market is guiding the direction for stocks and currencies, according to Derek Halpenny, head of global markets research at MUFG Bank Ltd. With the markets down in September overall, it's important to find value stocks that actually have a chance of going back up. Right now our Head Fundamental Tactician Karim Rahemtulla is high on one company that's currently trading at under $3. He's calling it "The Last Great Value Stock" for several reasons, including a new technology that could power 1 million homes. Click here to see why this under $3 group could soar in the future. Here's a look at the top-moving stocks this morning. Rivian Automotive (Nasdaq: RIVN) Rivian Automotive is up 1.26% premarket after investment banker Baird reiterated its outperform rating on the electric truck maker's stock. Management has indicated that demand for the company's R1S electric SUV remains "robust," with waiting periods to obtain one stretching out as far as a year. Yesterday our Lead Technical Tactician Nate Bear opened a trade on another EV company in Daily Profits Live. Click here to learn more about Nate's simple chart trading system and his mission to turn $37,000 into $1 million in verified trading profits. Immunovant, Inc. (Nasdaq: IMVT) Immunovant, Inc. is up 4.32% premarket. The stock doubled on Tuesday after the biopharmaceutical company reported positive results from a Phase 1 trial of its experimental autoimmune disease treatment. The company indicated that safety data "was generally favorable" for its under-the-skin injectable drug, IMVT-1402, and plans to provide further details about a higher dose version in November. |
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