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Airliner Drops After Takeover Attempt

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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 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.

 

The AI Singularity Clock Is Ticking

We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. Click here to ensure you'll be on the right side of this historic event.

NIO (NYSE: NIO)

Nio is down 5.19% premarket due to a combination of factors affecting the electric vehicle industry. Tesla recently announced price cuts to its Model 3, which is putting pressure on competitors like NIO to either match or offer value propositions to maintain their market share. NIO also has a high cash burn rate due to heavy investments in research and development.

Alibaba (NYSE: BABA)

Alibaba is down 2.88% in premarket trading after reports of a weakening Chinese Economy. China'a Premier Li Qiang reported 2023 gross domestic product growth at around 5.2% at the World Economic Forum in Davos. Also, reports that Chinese authorities have been advising investors not to sell stocks is also raising concern.

Our Lead Technical Tactician Nate Bear recently closed a "post-earnings surge" winner on another major Chinese retailer in Profit Surge Trader.

Click here to unlock that trade and start following Nate's ONE TICKER PAYOUT service live today.

It's Called "the Singularity"

A new indicator shows "the Singularity" could launch as soon as three months from now. This is the moment we've all feared, when artificial intelligence officially surpasses human intelligence. And when the Singularity hits, the entire world will be thrown into chaos. Click here to learn how to prepare yourself for what's to come.

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