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Trade of the Day Wake-Up Watchlist

World Wrestling Entertainment has grown its EPS by 23% per year

Good morning Wake-Up Watch listers! While you're dusting off your favorite wrestling spandex (more on that below) you'll see stock futures were flat this morning as investors brace for a key inflation report. The data is expected to show an 8.4% annual increase in prices – the highest level since December 1981 – with rising food, rent and energy prices driving it.

We'll beat this drum to death though – anxious times like these often result in the best buying opportunities. So we'll keep finding the best ways to put our money to use until the cows come home.

 

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

World Wrestling Entertainment (NYSE: WWE)

World Wrestling Entertainment is up 10.95% premarket after announcing it will hold its first major event in the United Kingdom since 1992. The move will extend the company's global reach. The company is also showing strong numbers as it managed to grow EPS by 23% per year over three years. It also recently shattered revenue records at its biggest event – Wrestlemania – in early April. WWE is worth keeping an eye going forward.

 

Crowdstrike Holdings (Nasdaq: CRWD)

Crowdstrike Holdings is up 3.19% premarket after fourth quarter results and forward guidance show potential long-term growth. For the fiscal year, Crowdstrike reported total revenue of $1.45 billion, which was a 66% increase. The company's robust revenue growth also helped contribute to rising cash flows. Overall, Crowdstrike continues to gain market share. This stock is looking strong.

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Cardinal Health (NYSE: CAH)

Cardinal Health is up 3.08% premarket after scaling a new 52-week high of $62.15 on April 8. Investors are upbeat about the health companies diversified portfolio, which provide the company an edge in the niche space. It's also outperformed the S&P 500 for years and its current dividend yields 3.4% today. Cardinal Health looks solid right now.

 

CarMax (NYSE: KMX)

CarMax is down 2.10% premarket as rental car companies face an uphill battle due to production constraints. To put it in greater perspective, Avis Budget Group is also struggling, as their stock dropped 10% last Wednesday. CarMax will announce its latest earnings later today, and investors could be in for a rough ride due to these supply issues.

 

Cisco Systems (NYSE: CSCO)

Cisco Systems is down 2.12% premarket after analysts at Citigroup cut their rating on the network equipment maker to 'sell' while cutting their price target by more than 30%. Cisco shares have performed poorly since boosting their full-year profit forecast to between $3.41 to $3.46 per share on February 16. This is a stock to be cautious of going forward.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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