Good morning Wake-Up Watchlisters! While you're sipping your non-alcoholic watermelon cooler you'll see stock futures fell Thursday after a hot inflation report led traders to weigh the possibility of an even tighter monetary policy. All eyes will be on banks as earnings reports roll in from the major players. We won't sugarcoat it – the markets have been tough in 2022. But War Room members are hardened pirates in choppy Wall Street waters. With a 90% win rate on hedge trades in 2022, we're ringing the register and protecting ourselves against losses. Right now we're guaranteeing members receive 322 winning trades in their first 12 months. Are you ready to join us? Click here to enter The War Room. Here's a look at the top-moving stocks this morning. First Republic Bank (FRC)First Republic Bank is up 5.35% premarket after the bank reported stellar second quarter earnings. Year-over-year revenue increased 23% and earnings per share increased 11%. CEO Mike Roffler cited 'consistency of our client-focused model, strong loan growth and credit quality' as the reason for the excellent quarter. Azenta (Nasdaq: AZTA)Azenta is down 6.22% premarket after the company reported earnings for the third quarter. The company cited lower than expected demand as the reason for its 1% revenue growth in its services segment. Revenue for the Products segment was estimated at $47 million, down 3% year over year. Technology companies have been struggling in 2022. However, there's an emerging medical invention that SpaceX Founder Elon Musk recently sent into orbit. Our friend Alexander Green is calling it 'the biggest healthcare innovation in half a century' and says its $10 stock is poised to shoot to the moon! Click here to learn more about this game-changing technology. JPMorgan & Chase Co. (JPM)JPMorgan is down 3.49% premarket after the bank reported a fall in second-quarter profit on Thursday. The largest bank in America set aside more money to cover potential losses in the face of growing risks of a recession. The four biggest U.S. banks are expected to record $3.5 billion of loss provisions, bracing for a sharp economic slowdown. Caesars Entertainment (Nasdaq: CZR)Caesars Entertainment is down 3.43% premarket after Wednesday downgrades from KeyBanc analyst Brett Andress, amid growing concerns over the companies' prospects as a potential economic recession looms. With inflation numbers for June coming in at 9.1%, people will also likely cut back on discretionary spending. First Half Report: The Good, the Bad and the Ugly It's been a painful first half of 2022. However, despite the roughest start to the market since the 1970s, there have been some big winenrs. Our Head Trading Tactician Bryan Bottarelli reveals how to play these winners to your advantage in this video. Click here to watch. Those are the top market movers today. Happy trading! The Wake-Up Watchlist Research Team |
Post a Comment
Post a Comment