The Grill is Sizzling in Premarket

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Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures declined on Tuesday. Investors are ingesting a mixed bag of corporate earnings ahead of the Federal Reserve's policy meeting next week. Despite more than half of S&P 500 companies reporting strong earnings, investors are worried the effects of a slow economy will be felt further down the line.

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

Weber Inc. (NYSE: WEBR)

Weber is up 23.26% premarket after it received an offer from its largest shareholder to buy the grill maker's remaining shares for $6.25 apiece. Weber reported a wider-than-expected third-quarter loss back in August and was considering debt financing from BDT Capital Partners, which owns nearly half the company's shares at 48.16%.


Taysha Gene Therapies (Nasdaq: TSHA)

Taysha Gene Therapies is up 35.76% premarket after announcing Astellas Phrama Inc. will be providing a strategic investment to support the advancement of Taysha's adeno associated virus (AAV) gene therapy development programs for the treatment of Rett syndrome. Under the terms of the agreement, Astellas will invest a total of $50 million to acquire 15% of the outstanding stock of Taysha.


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Xerox (Nasdaq: XRX)

Xerox is down 11.13% premarket after releasing its third quarter earnings. Revenue was down 0.4 percent year-over-year. Adjusted earnings per share came in at $0.19, down $0.29 year-over-year. The copy company also lowered revenue guidance to a range of $7.0 billion to $7.1 billion.

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Mullen Automotive (Nasdaq: MULN)

Mullen Automotive is up 17.90% premarket after securing a sales license for the I-GO in Europe. I-GO is a commercial electric vehicle that bridges the gap between the growing demand for quick deliveries and space constraints found throughout the dense cities of Europe.


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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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