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Clothing Retailer Pops 19%

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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 rallied on Friday. Wall Street looked reassured this week after the consumer price index slowed to 3.2% last month on a year-over-year basis. All three US indexes are on track for weekly wins thanks to the roaring midweek rally.

The markets are hot right now, and our Head Trading Tactician Bryan Bottarelli has been taking advantage in The War Room. Yesterday he closed a massive 149.7% winner on CSCO in less than 1 trading day.

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

The Gap, Inc. (NYSE: GPS)

The Gap is up 19.60% premarket after reporting third-quarter earnings that beat analyst forecasts on both the top and bottom lines. It cited lower supply expenses and cost cutting controls as the reason for the boost.

 

ChargePoint (NYSE: CHPT)

ChargePoint is down 27.48% premarket after the vehicle charging company said it expected third quarter revenue of between $108 million and $113 million. The outlook fell way short of analyst's expectations of between $150 million and $165 million. It also appointed Rick Wilmer as its new President and Chief Executive Officer.

Our Lead Fundamental Tactician Karim Rahemtulla recently wrote about EV companies at bargain prices.

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Applied Materials, Inc. (Nasdaq: AMAT)

Applied Materials is down 7.24% premarket but it's not about its earnings. Reuters reported the company is under investigation for sending products to a Chinese company without the required licenses. Applied Materials said it has received a subpoena from the U.S. Attorney's Office "requesting information related to certain shipments to China."

 

Alibaba Group Holding (NYSE: BABA)

Alibaba is down 3.45% premarket after the Chinese tech company said it wouldn't create a separate division for its cloud computing branch. It cited risks to the business from recently expanded U.S. control over advanced computer chips.

The recent surge in demand for advanced computer chips has caused tensions between China and the U.S. to rise. Right now a U.S. tech company is fighting back.

Click here to see how its stock could rise 525% as a result.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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