Big Pharma Group Refiles Bankruptcy Petition

Filing comes after allegations that company's talc products caused cancer [Trade of the Day Wake-Up Watchlist] 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. 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%. [This Could Be the Perfect Electric Vehicle... Stock?]( - 1,080-horsepower engine - Zero-to-60 time of 2.5 seconds - Fastest charging time in the world - Longest range in the world Yet few people have heard of the startup that created it! [Find out why its stock could help fund your retirement starting today.]( 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. Companies that will withstand market headwinds are rare, and our Head Fundamental Tactician Karim Rahemtulla specializes in finding 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 could grow even more. [Click here to unlock this under $2 stock.]( Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [Unusual Passive Income Investment (Found on a Golf Course)]( One man turned $1,000 into a decadeslong passive income stream... eventually reaching $100,000 per year! All from a single golf course tip. [Golf club and ball in grass]( [CLICK HERE TO FIND OUT HOW HE DID IT]( [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](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. 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