Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stocks went up on Thursday. The boost comes off Federal Reserve Chair Jerome Powell saying policy makers are making progress against inflation. This is giving traders hope the central bank is nearing the end of its rate-hike cycle. With several stocks rising, it's important to consider where insiders are putting their money. Our Head Fundamental Tactician Karim Rahemtulla tracks insider buying (the legal kind). His ability to find out what insiders are doing allowed him to see an average return of 14% in his Insider Matrix portfolio last year. And this was during one of the worst economies since 2008! Click here to see how this strategy has netted gains as high as 2,250%. Here's a look at the top-moving stocks this morning. Meta Platforms (Nasdaq: META) Meta Platforms is up 19.35% premarket after posting revenue numbers that delighted investors. The company finished Q4 with $32.17 billion in revenue vs. $31.65 billion expected. Investors were loving Meta due to its deep pockets but soured on it in 2022 amid slower sales and new restructuring efforts. But they're clearly overlooking any shortfalls on signs of better profits ahead. We're currently waiting for a price target on Meta Platforms as part of our Trade of the Day Plus portfolio. We currently have a 36.87% gain as of this writing. Click here to learn more about Trade of the Day Plus. Carvana Co. (NYSE: CVNA) Carvana Co. is up 17.40% premarket as traders ramped up dovish rate bets. Since 2023 started, Carvana has seen an eye-popping 200% spike, with the largest portion of gains coming in the last week. When a stock makes a massive move to the upside like this, you want to be positioned early. We got in on Carvana last week in The War Room and closed for a 95% gain earlier this week. Click here to unlock more trades like these. |
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