The Market Settles After a Volatile Week...

Bailout money helps First Republic Bank, but stock still falls in premarket over balance sheet concerns [Trade of the Day Wake-Up Watchlist] Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures were steady Friday after a tumultuous week for global markets. Contracts on the S&P 500 fluctuated after the index rallied 1.8% yesterday as larger banks threw a lifeline to First Republic Bank (more on that below). Overall, US banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week. While this bank crisis is settling, there could still be aftershock swings in the near future. While investors were panicking over several banks collapsing on Wall Street this week, we were making winning trades in [The War Room](. We closed out a 38% winner on SCHW and also closed a small 1.66% winner on JPM. [If you want to see how we avoid the negative noise and make winning trades in volatile markets, click here to join The War Room.]( Here’s a look at the top-moving stocks this morning. FedEx Corporation (NYSE: FDX) FedEx is up 11.74% premarket after hiking its full-year earnings forecast despite coming up short in revenue vs. Wall Street estimates. The company reiterated its expecting to make more than $4 billion in cost reductions by the end of fiscal year 2025. Subramanian said the company saved $1.2 billion on total enterprise costs year-over-year. Earnings day can often serve as a catalyst for a stock’s direction. But there’s an earlier sign also proven to be a major clue – [insider buying (the legal kind).]( Our Head Fundamental Tactician Karim Rahemtulla uses state-of-the-art technology to discover where the big names are investing their money. [Click here to learn more about The Insider Matrix.]( First Republic Bank (NYSE: FRC) First Republic Bank is down 8.67% premarket despite the recent $30 billion rescue package from the country’s biggest lenders. The main concern was the bank’s balance sheet, as First Republic said in a Securities and Exchange Commission filing that its cash position was pegged at around $34 billion. This was prior to the promise of an additional $30 billion from a consortium of 11 banks lead by JPMorgan Chase CEO Jamie Dimon. First Republic Bank had also borrowed $119 billion over the past week from the Fed’s new lending backstop program and the Federal Home Loan Bank. Sarepta Therapeutics (Nasdaq: SRPT) Sarepta is down 19.22% premarket after the Food and Drug Administration contradicted the biotech company. The FDA said it required an advisory committee meeting for its experimental Duchenne muscular dystrophy drug. Sarepta said the FDA did not plan on requiring a meeting, and shares soared 23.5% that day. Medical stocks have the potential to provide massive gains – if you know where to look. Our friend Alexander Green has a proven track record for predicting major medical revolutions. And right now he wants readers to know about this medical device company. He believes this medical breakthrough could be the greatest early investing [opportunity of the century]( – and its stock is well under $10. [Click here to discover this under $10 stock.]( Sector watch: NVIDIA Corp. (Nasdaq: NVDA) Nvidia Corp. is up 2.11% premarket after an interesting day for microchip stocks. Advanced Micro Devices and Intel were also up in after-hours trading on Thursday. According to The Motley Fool, right now the semiconductor sector is seeing three bullish cases. One is the bottom of the PC market hitting at an earlier rate. Second, the utilization rate of semiconductors is expected to recover as early as the second quarter 2023. Lastly, you have the artificial intelligence war, as you see new companies in AI like Google, Amazon and Microsoft fueling the data center needs for semiconductor companies like Nvidia. There's another major (and downright frightening) development in the semiconductor industry we think you should know about. There’s reason to believe China is planning to dominate the microchip industry as it sets its sights on Taiwan. [Click here to see how a US company plans to stop them and how its stock could surge 525% in the near future.]( Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. 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