Rabu, 30 November 2022

Drugmaker Spikes Amid Takeover Talks

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures inched higher on Wednesday. Investors are preparing for Federal Reserve Chair Jerome Powell's latest signal on the path of interest rates. Plus China's economic prospects are hinging on lessening the impact of COVID lockdowns.

While a 'Santa Claus rally' is possible to end the year, it hasn't been easy to make 'jolly fat profits' in 2022 overall. The stock market is seeing its worst trading climate since the housing crisis of 2008. It's still possible we could slip into the worst recession in 50 years - and our Head Fundamental Tactician Karim Rahemtulla wants to make sure investors are prepared. Right now he's pounding the table on a $3 asset that could help them survive and even thrive in these rough markets.

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

Horizon Therapeutics (Nasdaq: HZNP)

Horizon Therapeutics is up 30.46% premarket after the drugmaker reported it's now fielding takeover interest from other Pharma Giants. Companies interested include Amgen Inc. (AMGN), Johnson & Johnson (JNJ) and Sanofi (SA). The company currently has a market value of almost $18 billion – so if a deal does go through – it would be a big one.

 

Crowdstrike Holdings, Inc. (Nasdaq: CRWD)

Crowdstrike Holdings is down 19.71% premarket after the cybersecurity company missed on its latest earnings report. The company projected sales of $628.2 million in the fourth quarter, compared with analysts' average estimate of $634.8 million in a statement on Tuesday. CEO George Kurtz cited economic headwinds that caused customers to delay purchases as the primary reason for the down stock.

There are major shifts happening in the tech sector, and there's a predicted $13 trillion tech revolution starting as early as January 2023. See why our friend Andy Snyder is touting how ONE stock could lead to 'the biggest leap since the rise of the internet.'

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Wayfair, Inc. (NYSE: W)

Wayfair is up 10.36% premarket after the retailer is indicating it posted strong sales numbers for the five-day peak holiday shopping season between Thanksgiving and Cyber Monday. Black Friday was its biggest sales day, and repeat customers accounted for 73 percent of holiday orders. Wayfair has generated $12.4 billion in revenue for the 12 months ended in September 30, 2022.

The retail sector is hot right now. Overall Black Friday sales topped $9 billion this year, with toys and exercise equipment being the two most popular groups. We've been looking at several retail companies to position ourselves on in The War Room.

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NetApp, Inc. (Nasdaq: NTAP)

NetApp, Inc. is down 11.87% premarket after beating earnings but its overall outlook fell short. The enterprise storage provider expects third-quarter revenue in the range of $1.525 billion to $1.675 billion, which is below the average estimate of $1.7 billion. It also expects adjusted earnings in the range of $1.25 to $1.35 cents a share, below the estimate of $1.44 a share.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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