| Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures dipped on Wednesday. China's economic weakness (more on that below) and lower oil prices are impacting markets. Also, ECB president Christine Lagarde joined Federal Reserve Governor Christopher Waller's sentiment that interest rate cuts could take longer than anticipated in 2024. Although the markets are down in January, there are still plenty of ways to generate profit in these markets. Our Lead Fundamental Tactician Karim Rahemtulla has been focusing on put selling in The War Room to start 2024. Earlier this month he closed a 44.57% return on premium on NEM in 56 trading days. Since the start of 2024, the average return for War Room trades is 22.26%. Click here to learn how put selling works in The War Room today. Here's a look at the top-moving stocks this morning. Spirit Airlines (NYSE: SAVE) Spirit Airlines is down 12.63% premarket due to a federal judge blocking JetBlue Airways' proposed $3.8 billion takeover of the airline. The judge's ruling stated that a takeover of Spirit Airlines would harm cost-conscious travelers who rely on Spirit's low fares. This decision is seen as a significant win for the Biden administration, which had sued to prevent the merger, arguing it would boost ticket prices for the most budget-conscious consumers. Today, our War Room gurus Bryan Bottarelli and Karim Rahemtulla have a special pick they're announcing in a similar sector as part of Trade of the Day Plus. Click here to get that trade. Natera (Nasdaq: NTRA) Natera is up 9.54% premarket after spending significantly less than expected in a patent infringement lawsuit. A jury in the United States District Court for the Western District of Texas reached a verdict regarding a lawsuit brought by Ravgen, Inc. against Natera. The jury awarded $57 million in damages to Ravgen, which is significantly less than the $410 million Ravgen was seeking. Additionally, the jury determined there was no willful infringement by Natera. |
Post a Comment
Post a Comment