Biden Helps Snap Surge 7%

U.S. President calls for TikTok ban unless Chinese owners divest their stake [Trade of the Day Wake-Up Watchlist] Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see the volatility in the markets eased a bit on Thursday. Swiss regulators threw a lifeline at Europe's largest bank, Credit Suisse Group AG, and the bank saw a rally at the open. Its upside move powered several other bank stocks to gain more than 1%. The truth about this market volatility is there are plenty of opportunities to profit if you know the right strategies. Case in point. We’ve been riding the latest wave of negative bank sentiment to several winning trades in [the War Room](. Earlier this week we closed two winners, including a 38.32% gain on SCHW in less than 24 hours. [To start getting in on these overnight trades, click here to join The War Room.]( Here’s a look at the top-moving stocks this morning. Adobe (NYSE: ADBE) Adobe is up 5.96% premarket after the creative software boosted its outlook for the full year. It also said it expects to close its acquisition of Figma by the end of the year. Lastly, it posted quarterly earnings that topped its own guidance, as well as Wall Street estimates. First Republic Bank (NYSE: FRC) First Republic Bank is down 26.22% premarket after receiving a junk rating from the S&P. The rating comes from concerns about deposit flight to bigger banks perceived to be safer. The bank is now exploring strategic options, including a potential sale of the company. UiPath Inc. (NYSE: PATH) UiPath is up 14.41% premarket after the company’s fourth-quarter results and outlook exceeded Wall Street’s expectations. It came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.07 per share. Over the last four quarters, the company has surpassed consensus EPS estimates for times. The tech sector is undergoing a massive shift. And our friend Andy Snyder has seen this pattern before. Right now he’s high on [ONE innovative]( stock he believes could be the centerpiece of this $13 trillion tech revolution. [Click here to discover XRI.]( Snap (NYSE: SNAP) Snap is up 7.35% premarket after US President Joe Biden reportedly wants to ban TikTok unless Chinese owners divest their stake in the popular social media application. A recent Benzinga survey asked users which app they would shift to if TikTok was banned, and 38.3% chose Meta-owned Instagram while 20.6% indicated a move to Snapchat. China is currently plotting moves that could result in a near complete monopoly of the chip industry. If they succeed with their sinister plan, it could mean disaster for Americans. [Click here to see how one US company is fighting back and learn why its stock is in prime position to surge as much as 525%.]( Those are the biggest stock movers for today. Happy trading! 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