Rabu, 28 Februari 2024

A Big Short Squeeze...

Trade of the Day Wake-Up Watchlist

Good Morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were down on Wednesday as investors take in new data. Tech giant Nvidia Corp fell by as much as 2.1% in premarket trading, which led to the tech-heavy Nasdaq falling by almost .4%. Now the attention shifts to the U.S. GDP and inflation numbers. Also, a strong line-up of bank speakers could offer more clues into potential rate cuts.

It's Wednesday and once a week our Head Trading Tactician Bryan Bottarelli makes a 7-minute trade that he's guaranteeing an 80% win rate on.

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

Beyond Meat (Nasdaq: BYND)

Beyond Meat is up 53.46% in premarket after the plant-based food provider raised prices and implemented significant cost reductions. This move triggered a short squeeze, impacting the 37.6% of the company's free float that was shorted, equivalent to shares worth $172.6 million.

 

eBay Inc. (Nasdaq: EBAY)

eBay is up 4.51% in premarket due to its Q4 earnings surpassing Wall Street estimates. The company reported adjusted earnings of $1.07 per share, outdoing the forecasted $1.03, on revenues of $2.56 billion. Additionally, eBay announced an 8% dividend increase and authorized an additional $2 billion for stock repurchases.

Earnings reports have the potential to serve as major catalysts for a stock's movement. But the truth is… there are more potential gains to be had AFTER earnings. Our Lead Technical Tactician Nate Bear is currently playing what he calls the "post-earnings surge" in his latest service, Profit Surge Trader.

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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.

First Solar (Nasdaq: FSLR)

First Solar is up 6.21% in premarket trading despite lower sales for the solar-panel manufacturing company. It earned $3.25 per share on sales of $1.2 billion for the December quarter. On average, analysts projected the Arizona-based company would post earnings of $3.14 per share on sales of $1.31 billion. However, its guidance was strong, as it projects that its earnings per share for 2024 will fall between $13 and $14. That would nearly double its 2023 earnings per share of $7.74.

Advanced Auto Parts (NYSE: AAP)

Advanced Auto Parts is up 7.64% premarket after its latest earnings report. Its earnings fell in line with analysts' expectations in Q4 FY2023, with revenue flat year on year at $2.46 billion. Its Q4 net sales slightly increased by 0.4% year-over-year, with a full-year increase of 1.2%.

We Could Be Less Than 3 Months Away From an AI Super-Event

According to one of the world's top AI scientists, there's a major event coming in as little as three months that could cause expensive tech stocks like Microsoft, Google and Nvidia to double or triple in price in the following months. But whatever you do, don't go all-in on Big Tech before you have all the details. Click here.

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