This company was all the rage during COVID times.

And despite the drop-off for vaccine makers last year, I still liked its fundamentals.

Now I’m even more bullish after its latest earnings report.

It’s why I’m doubling down on the stock today.

Check out more below.

The post Time to Double Down on This Stock appeared first on Trade of the Day.

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose on Thursday as investors are betting that the bank turmoil will ease further. The rise also comes despite the latest news on upcoming interest rate hikes. Now the attention will be on jobless data and GDP numbers for insight into the Federal Reserve’s policy moves.

The truth is it doesn’t matter if the market heads north or south, there’s still opportunities for winning trades. And we’ve been taking winners in the War Room while the market does whatever it wants. Last week we closed 12 out of 13 trades for a 92% win rate, including a 37.34% overnight gain on CAT. Right now we’re guaranteeing members receive 252 winning trades in their first 12 months.

Click here to unlock our overnight trading strategy.

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

RH (NYSE: RH)

RH is down 5.98% premarket after a wild earnings call. The company’s CEO Gary Friedman cited “persistent inflation, resulting in a record rise in interest rates and an underperforming stock market” for sales plunging 14.4% year over year to $772.5 million. Inventory also ballooned about $70 million from a year ago as sales hit the skids.

Concentrix Corp. (Nasdaq: CNXC)

Concentrix Corp. is down 4.88% premarket as company came out with quarterly earnings of $2.56 per share. Overall, it missed the Zacks Consensus Estimate of $2.60 per share. This compares to earnings of $2.85 per share a year ago and an earnings surprise of -1.54%.

Rivian Automative (Nasdaq: RIVN)

Rivian is up 1.05% premarket and was up at high as 9.88% after the close yesterday. The company unveiled a new luxury electric SUV, and the average price of the more than 20,000 EVs it delivered in 2022 was over $80,000. Rivian delivered 25,000 EVs in 2022, and its goal is to double that in 2023.

The EV sector is heating up, with $12.8 billion flooding into the market. And there’s another luxury electric vehicle maker our friend Andy Snyder wants you to know about. This company meets every metric you could want in a perfect stock, and right now its trading at an ultra-cheap $14.

If you missed out on Tesla, it’s important to consider this EV startup. Click here to learn more.

Intel (Nasdaq: INTC)

Intel is up 0.89% premarket and saw a 7.61% rise in after hours trading yesterday. Shares are on track for their best month since 2001 after the chipmaker said its next-generation data-center chips will be ready sooner than expected. Intel executives gave an investor presentation Wednesday in which they fast-forwarded schedules for chips after the company lost market share to Advanced Micro Devices.

The chipmaker’s urgency to create chips faster shouldn’t come as a surprise. China has been looking to dominate the chip industry as tensions with Taiwan rise. Taiwan produces 90% of our most advanced computer chips. And to further complicate things, Republican House Speaker Kevin McCarthy is expected to meet with Taiwanese President Tsai Ing-wen as she passes through the U.S. during a trip to Central America. Zhu Fenglian, a spokesperson for China’s Taiwan Affairs Office, said “we firmly oppose this and will take resolute countermeasures.” If the meet happens, tensions could escalate further.

Click here to learn more about China’s sinister plan and how U.S. companies plan to stop it.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The post RH CEO Goes off on Inflation… appeared first on Trade of the Day.

The month of March has been rough if you’ve had any exposure to the banking sector.

The moves have been so severe that even reassurances from the Fed and the Treasury have fallen on deaf ears.

So what does this past week have to do with investing, and what’s the super important advice I am about to impart?

Well, it’s crucial to note that…

Amateur investors think about risk during down markets only.

But unfortunately, by then, it’s way too late.

It’s akin to calling an insurance agent when your house is on fire to ask about that policy you should’ve bought and renewed.

The market is not friendlier than a house fire when it starts heading the wrong way for you.

Your portfolio can be decimated in a heartbeat.

You might also notice that your account balance seems to decrease at a faster pace than it increases.

But, for every few thousand investors who lose their shirts when a particular stock tanks, there is always at least one savvy investor who was prepared.

You want to be that one.

There are quite a few ways to prepare for a down move…

But there is one primary way to protect yourself from blowing up your entire portfolio during a major market decline.

It’s not perfect, but it’s pretty darn close!

The idea is to position size in combination with a stop loss.

A stop loss is a specific price at which you will sell a stock if it reaches that level.

It prevents you from taking a bigger loss than necessary. For example, if you buy a stock at $10 and set a 25% stop loss, you are agreeing to sell the shares at $7.50 if they move lower. You lose 25% and no more.

But just having a stop loss is not enough. Not by a long shot.

Even with a stop loss, if you bet the ranch on a stock and the stock turns against you… you’ve lost a quarter of your property.

That’s why position sizing is more important than using a stop loss, and the combination of the two is unbeatable.

My position size recommendation for a stock purchase is that you should not spend any more than 4% of your investable portfolio on any position.

For example, if your portfolio is worth $1 million, then you should invest no more than $40,000 in any position.

That’s part one. Part two is applying a 25% stop loss to that position. So if your investment were $40,000, you would sell out of your investment if the stock fell by 25%.

That would leave you with $30,000 in cash.

But more importantly, your total portfolio would suffer only a $10,000, or 1%, loss.

Of course, these numbers are not exact and will depend on market conditions. But hopefully you get the gist. You want to limit your portfolio loss and the loss in each individual position.

Is it a perfect strategy? No, there is no such thing.

The worst thing that could possibly happen is the stock falling below your stop loss either before the market opens or after the market closes. This will not happen frequently, but it can happen.

However, you can sleep soundly knowing that the vast majority of the time, your maximum net loss from any single position in your portfolio will be only 1%.

YOUR ACTION PLAN

Position sizing forces you to become a disciplined investor and prevents you from falling in love with a stock or a story. That’s why we advocate for it religiously in The War Room. We have a 75% win rate on our trades in 2023… but thanks to this strategy, we know how to minimize our losses on the 25% of our trades that don’t pan out. Imagine how much safer you’d feel investing your money if you didn’t worry about how much you’d lose and you had the discipline to make confident trades. That’s what we do in The War Room.

Are you ready to finally start following along with us?

Click here to join The War Room.

The post The (Almost) Perfect Way to Prevent a Portfolio Blowup appeared first on Trade of the Day.

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose slightly on Friday as global shares headed for a second-straight quarterly gain. Technology shares are leading the charge, with a 19% surge, the most since 2020. Overall, the S&P climbed 0.6% for its third increase in four days.

When the market rallies, it’s important to know when to get in on stocks for maximum gain. In The War Room, we use what we call “Overnight Trades.” These are simple trades you can make in under five minutes that could double your money in 24 hours.

Click here to learn more on how you could wake up to gains as high as 338%.

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

Nikola Corporation (Nasdaq: NKLA)

Nikola Corporation is down 5.71% premarket after the battery-and-hydrogen-powered electric truck maker announced a $100 million common stock offering at a price of $1.12 per share. It intends to use the net proceeds from the public offering for working capital and other general corporate purposes. The company CFO is also expected to retire next week.

Canoo Inc. (Nasdaq: GOEV)

Canoo is down 3.68% premarket after narrowing its quarterly loss per share to 25 cents and said it looks to scale production in 2023. It also recently settled its case with the Securities and Exchange Commission over its SPAC merger. The SEC investigation regarding the clean energy auto startup’s business had been going on for two years.

Back in 2020, electric vehicle maker Tesla saw a massive rise from less than $100 a share to $700. That’s enough to turn $10,000 into $1.7 million! And The Wall Street Journal says this $15 startup EV company could be the next Tesla. Its car has a 1,080-horsepower engine and a zero-to-60 time of 2.5 seconds, which makes it faster than Ferrari’s F8. And right now it’s trading ultra cheap.

Click here to unlock this electric vehicle stock.

Rumble (Nasdaq: RUM)

Rumble is up 13.66% premarket after the video sharing platform’s global monthly active users grew for the fourth quarter. The company posted revenue of $20 million, way above analyst estimates of $10.2 million. The stock is up 56% year-to-date.

Last year tech stocks crashed across the market. This was an early sign that we’re on the cusp of the biggest tech revolution since the internet. Our friend Andy Snyder wants you to know about one game-changing stock in particular that could you life-changing profits.

Click here to learn more about XRI.

Virgin Orbit (Nasdaq: VORB)

Virgin Orbit is down 43.8% premarket after the satellite company was unable to secure funding, according to CNBC. It also told employees that it would cease to operate “for the foreseeable future” and will cut 90% of its workforce.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The post Ouch Virgin Orbit… appeared first on Trade of the Day.

As a Trade of the Day reader, you know that neither Bryan nor Karim is into crypto.

But the crypto market is picking up momentum as the dust from the bank run settles, and it’s very compelling.

So we’re passing along a message from our friend Andy Snyder today. He’s showing traders a group of assets that have all the upside of crypto, but they also have the blessing of the SEC.

In short, they’re like penny stocks but with even more upside.

This offer has been brought back due to high demand, but it won’t be around long!

Click here to learn more about this brand-new asset class.

– Ryan Fitzwater, Associate Publisher

Once again… contrarian logic is winning out.

Buying when the sellers were pointing and sneering has paid off handsomely one more time.

Few folks had the guts to take a stake in the crypto market at the start of the year. The regulators were coming. Bankruptcies were on their way. And the Fed was pulling all the easy money out of the market.

And yet… look at the chart below.

It’s a thing of beauty.

The S&P 500 is up 5% this year. It had to kick a lot of shins just to gain that much.

Bitcoin, on the other hand… that oh-so-hated asset… it’s up about 70%. And now that the Fed appears to be hamstrung by bank failures, buying volume is soaring.

As the Fed’s hikes peter out and rates begin their race back to zero, speculation will come roaring back.

But this time – pay attention, this is important – one key aspect of the market will look different.

Only the Best

The crypto space has certainly caused its share of issues over the last few months. It reminds me of the problems my schoolteacher mother used to have. A few bad actors can bring down a class. It doesn’t take all 25 students in a room being devilish dunces to cause a ruckus – just two or three.

Get rid of the clowns… and things shape up.

And in the crypto world, the clowns are on their way out. The folks at the SEC are slowly and quietly doing their job.

As I’ve told my readers many times over the last few weeks, it’s creating quite an opportunity for a savvy, forward-looking group of investors.

Many, including this fine fella, believe it’s the way of the future.

The “good kids” are leaving the bad boys behind and moving on to a land of growth and opportunity.

BlackRock’s Larry Fink says it will be the next evolution in the markets.

Mark Cuban says it will change the way companies raise money and the way people invest.

And billionaire Tim Draper says these “good guys” will soon form the largest market in the world. “It’s going to dwarf the internet. It’s going to dwarf anything that’s come before,” he said.

That’s big.

Most folks simply read the headlines and believe that crypto is on its way out… that regulators are not just expelling the bad kids but shutting down the whole darn school.

That’s not what’s happening… at all.

The chart above shows the immense profit potential.

Our favorite asset class – home to our No. 1 investment for 2023 – is one you’ve probably never heard of. It’s the brand-new investing arena that is attracting so many of these crypto “good guys.”

It has all the upside of crypto, if not more… but it also has the blessing of the SEC. The assets in this space are like supercharged penny stocks with one heck of an upside.

YOUR ACTION PLAN

As cryptos come back to life, keep an eye on this brand-new asset class if you want to spot the biggest winners.

I just released an in-depth introduction to what’s happening… including some of my favorite ways to play it all. Stick around to the end to get my free pick.

This is revolutionary.

Your opportunity starts here.

Be well,

Andy

FUN FACT FRIDAY

Roaring ’20s, Here We Come? Economists are getting more optimistic about future GDP growth. In its updated two-year forecast, Bloomberg projects only one down quarter (Q3 2023), with strong uptrends beginning early next year. While there are certainly obstacles that could lead to a recession in the near future – interest rates and the debt ceiling are among the key ones – this is a sign that the economy is in good shape despite a recent pandemic, severe supply chain issues and an overseas war that’s affecting energy access. It’s also a sign that the global economy could be in for a soft landing, assuming the obstacles above are handled in a timely manner. Now could be the time for investors to plant money seeds for more growth in 2024.

The post Up 70% So Far This Year – Do You Own It? appeared first on Trade of the Day.

On March 6, I posted an alert titled “A ‘Coiled Spring’ Effect Could Happen Soon.”

If you recall, that pick was based on the remarkable pricing power of Lululemon Athletica (LULU).

In that write-up, I argued that LULU’s chart reflected the pricing power narrative and ended with a simple call to action…

“I think LULU is primed for a breakout.”

Specifically, back in early March, I broke it down like this…

As you can see, LULU broke above $380 in early December 2022 – only to fall down to a range between $300 and $310 for most of the 2023 calendar year. The longer LULU remains pinned between $300 and $310, the stronger the breakout will be when it finally happens. I call it a “coiled spring” effect. The more you coil a spring… the more aggressive and violent the breakout will be once the spring gets released. That’s precisely what I think is taking shape in LULU right now.

Here is the chart that I shared with you that day…

The recommendation couldn’t have been any clearer…

I predicted that when the trigger “uncoiled” the spring, it could send LULU back up to retest its December high of $380.

Last week, that’s precisely what happened.

Check it out…

As you probably heard, LULU released earnings last week – uncoiling the spring and blasting shares above $360.

Specifically, LULU recorded $2.8 billion in revenue in its fiscal fourth quarter ended January 29, a blistering 30.2% jump over the year-ago period.

What’s more, analysts now believe that LULU’s adjusted EPS will grow 19% annually over the next five years – almost twice the 11.2% projection for the apparel retail industry as a whole.

When you consider that LULU has a customer loyalty rate of 89%, it’s very clear why Wall Street loved this news so much.

In fact, Motley Fool called LULU an “unstoppable stock.”

And as a Trade of the Day reader, you heard it all here first.

YOUR ACTION PLAN

I hope you profited from this spot-on prediction.

But even if you missed this pick, consider this…

If this is what we’re offering you in our free Trade of the Day service, just imagine the picks you could get every Wednesday in our premium Trade of the Day Plus service. If this LULU pick is enough to put you over the edge and you’re ready to level up to Trade of the Day Plus and receive our top pick every Wednesday, then you’re invited to join us now.

Yes! It’s Time I Leveled Up to Trade of the Day Plus!

MONDAY MARKET MINUTE

• A Wild First Quarter. The S&P 500 just wrapped up a wild first quarter. And given everything we’ve seen so far in 2023, the results have been surprisingly strong. Despite the Federal Reserve continuing to raise rates and the fears about systemic issues in the U.S. banking system following the collapse of Silicon Valley Bank and Signature Bank, the S&P 500 gained 7% in the first three months of 2023. Who led the charge? The clear winner was none other than…
• Nvidia (NVDA). In the first three months of 2023, the chip maker blasted up 90.1% thanks to the proliferation of artificial intelligence technology driving demand for the company’s high-end semiconductors. Other high-flying stocks in the first quarter were META, TSLA, ALGN, AMD and GE.
• What Lies Ahead for the Second Quarter? Losses?? According to a new CNBC Delivering Alpha survey of about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money, nearly 70% of Wall Street investors now believe that the S&P 500 could see declines ahead. If that happens, we’ll focus on stocks that provide safety. Such as…
• Three “Fortress Dividend” Plays. Dividend stocks pay investors to wait out volatility. And three of the top names on this list are Procter & Gamble (PG), which pays a 2.5% dividend yield; Simon Property Group (SPG), which pays a 6.4% dividend yield; and Gilead Sciences (GILD), which pays a 3.6% dividend yield. All three are on my watchlist as we start the week.
• Takeover Coming for Pharma Group? Apellis Pharmaceuticals (APLS) was up 14% in premarket trading after Bloomberg reported the company is drawing takeover interest from larger drugmakers.

The post “Coiled Spring” Follow-Up: This Pick BLASTED appeared first on Trade of the Day.

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures rose higher on Tuesday amid signs fearful inflation expectations are dropping. Traders are also overcoming their initial bearish reaction to the oil cartel’s plan and are now betting higher crude prices won’t lead to the Federal Reserve speeding up the pace of interest-rate hikes.

Attention traders: If you’re looking to profit off markets without taking a ton of undue risk, look no further than Marc Licthenfeld’s latest book “Get Rich with Dividends: A Proven System for Earning Double-Digit Returns.” In this latest updated 3rd edition, you’ll learn how to generate significant income with Marc’s low risk 10-11-12 system.

Click here to discover how to earn double-digit returns from dividends.

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

AMC Entertainment (NYSE: AMC)

AMC Entertainment is down 26.61% premarket after the theater company reached a settlement that will allow it to go ahead with converting its AMC Preferred Equity, or APE, units into common shares. AMC also will be allowed to carry out a 1-to-10 reverse stock split and have the right to sell more shares. Lifting the status quo order still needs court approval.

Meme stocks can be risky investments, but when you know how to play big swings in the market, there’s opportunity for big profits. Our “overnight trading” strategy in The War Room helps traders make simple 5-minute trades at the end of the day that have a chance to double their money in less than 24 hours. These overnight trades are just one of the several strategies we use in the War Room. And right now we have a 76% win rate in 2023, so these trades work and they work regardless of market direction.

Click here to learn more about overnight trades.

AMC Entertainment Preferred (NYSE: APE)

On the flip side, AMC Entertainment Preferred is up 22.29% premarket after the settlement. In its SEC filing, AMC disclosed a binding settlement with plaintiffs in the shareholder lawsuit regarding the movie theater chain’s stock conversion plan. In theory, APE stock should be worth the same as AMC stock.

Virgin Orbit (Nasdaq: VORB)

Virgin Orbit is down 24.38% premarket after Richard Branson’s satellite company filed for chapter 11 bankruptcy. Last week it laid off 85% of its workforce, amounting to nearly 700 employees due to cash constraints.

Butterfly Network (NYSE: BFLY)

Butterfly Network is up 25.13% premarket after the digital health company announced that it received 510(k) clearance for a groundbreaking AI-enabled Auto B-line Counter that may simplify the evaluation of adults with suspected diminished lung function and can potentially speed up their ability to make informed treatment decisions. The company also said its long-term goal is to give healthcare practitioners a realtime full color, annotated window into the human body.

Our friend Alexander Green has a proven track record for idnetifying innovative companies before they take off. Right now he’s showing readers an undiscovered $4 stock that could help you achieve the kind of carefree retirement most people only dream about. The company has already inked deals with Cisco, Dell, Microsoft, Intel and Amazon, and Alexander expects it to receive more than $35.3 billion from these partnerships alone.

Click here to discover this “Perfect Stock.”

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The post Meme stock falls 26% after Settlement appeared first on Trade of the Day.

Today a member in Daily Profits Live really got me thinking.

He asked…

“When do you use earnings as a date that you want to include in your options play versus exclude in your options play?”

I think that is a great question…

Which is why I go over how I use earnings in my TPS system in today’s video.

Follow this method, and you’ll know exactly when you can use earnings as a potential supercharger for your trades.

Click the image below to learn how it works.

YOUR ACTION PLAN

I’m looking to buy ON Semiconductor (Nasdaq: ON) calls on a pullback. This is a great daily chart setup that has all the boxes checked: daily trend, daily pattern and daily squeeze. The options I’m interested in are the May 5 2023 $80 calls. I’ll jump on them if ON sees a pullback to around $78.

(Click to enlarge)

P.S. If you want more trades like this, I highly recommend checking out The War Room. It’s a trading community unlike any other, led by our own Bryan Bottarelli and Karim Rahemtulla. In 2023’s volatile markets, they’ve closed 76% of their trades for winners. Imagine having more than 7 out of 10 trades work in your favor. Imagine what it could do for your financial freedom if one of those trades goes for a big gain. Right now, they’re guaranteeing you’ll receive 252 winning trades in your first 12 months of membership.

Click here to start getting in on the action today.

TESTIMONIAL TUESDAY

“I closed the 1 Shares/Contracts I opened at $3.88 for $4.75. 22% after the roll (in two trading days). Thanks, BB.”
– Nina K.

“I closed the 875 Shares/Contracts I opened (on BTG) at $3.48 for $3.67 (in 24 trading days). $165 profit is wonderful.”
– Rob M.

The post A Supercharger for Your Trades appeared first on Trade of the Day.

Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures slid on Wednesday. Hawkish messages from New Zealand and Australian central banks signaled the fight against inflation isn’t over yet. Plus, new economic data shows we could be in for weak demand over the next 3-4 months as the US march ISM manufacturing index fell to 46.3 to 47.5.

With more volatility potentially in store, it’s important to consider investments outside of the stock market, which is why our friend Marc Lichtenfeld is letting readers in on a unique financial strategy. The average return on this unusual class of investments was 196% last year… and Marc believes that his current pick is poised to see the same profit potential this year.

Click here to discover how he’s playing the latest oil and gas surge.

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

Johnson & Johnson (NYSE: JNJ)

Johnson & Johnson is up 2.85% premarket after the consumer healthcare giant re-filed a bankruptcy petition on behalf of subsidiary that would payout billions in claims to allegations that its talc products caused cancer. The new filing follows a decision from the 3rd U.S. Circuit Court of Appeals in Philadelphia. This filing invalidated LTL’s first bankruptcy filing in New Jersey, which pegged talc settlements at around $2 billon, earlier this year.

Walmart (NYSE: WMT)

Walmart is down -0.50% premarket after the world’s largest retailer confirmed its full-year profit and sales targets ahead of an investor day presentation later this morning in Tampa, Florida. Walmart said it expects adjusted April quarter earnings, of between $1.25 and $1.30 per share, with sales rising between 4.5% and 5%.

$mid_ad_zone

InflaRx N.V. (IFRX)

InflaRx N.V. is up 15.38% premarket after the U.S. Food and Drug Administration granted emergency-use authorization to Inflarx NV’s monoclonal antibody for the treatment of hospitalized COVID patients. The injection goes by the name Gohibic and targets a part of the immune system that may play a role in the inflammation that leads to COVID-19 disease progression.

Western Alliance Bancorporation (NYSE: WAL)

Western Alliance Bancorporation is down 4.59% premarket. The recent failures of two regional U.S. banks eroded trust in the country’s banking industry, prompting the Biden administration to tighten rules and ask midsized banks to boost their liquidity. The company said on Tuesday that unrealized losses on securities and held-for-investment loans for the first quarter have narrowed since the end of 2022. The company also said it has no borrowings outstanding from the Federal Reserve’s discount window after balance sheet repositioning.

When stocks tank and there’s fear in the markets, it’s important to stay rational and focus on companies with strong fundamentals. These are the companies that will withstand market headwinds, and our Head Fundamental Tactician Karim Rahemtulla specializes in finding long play value stocks like these. Right now he’s pounding the table on what he’s calling “The Last Great Value Stock.” It saw a 20% rise in January and Karim believes it still has a lot of room to potentially grow.

Click here to unlock this under $2 stock.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The post Big Pharma Group Refiles Bankruptcy Petition appeared first on Trade of the Day.