Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures advanced on Thursday. Walt Disney surged (more on that below). European equities also gained with major companies Siemens AG and AstraZeneca Plc posting strong earnings. Investors will be watching the latest jobless claims report today for clues on policy as the Fed continues its hawkish stance on interest rates. As earnings season continues, it's important to know all the best strategies for making profits in the market. Our Head Fundamental Tactician Karim Rahemtulla loves tracking insider buying (the legal kind). His Insider Matrix portfolio generated a 14% return in 2022. To put that in perspective, the S&P 500 delivered a return of -19.44% last year. Click here to learn how this strategy could net you gains as high as 2,250%. Here's a look at the top-moving stocks this morning. Walt Disney Co. (NYSE: DIS) Walt Disney Co. is up 6.43% premarket after returning CEO Bob Iger gave investors something to cheer about in his first earnings call since November 2022. Iger unveiled $5.5 billion in cost cuts, mostly by laying off some 7,000 employees. Disney is also primed to bring back its dividend after pulling it in May 2020. Lastly, the company promises to make more money from streaming after losing $1.05 billion on an operating basis in the most recent quarter. When it comes to knowing when to invest in a stock, it can really help to trade with people who have experience. In the War Room, we've built a community full of traders who support each other. Right now we're guaranteeing members receive 252 winning trades in their first 12 months. Click here to join The War Room. Affirm Holdings (Nasdaq: AFRM) Affirm Holdings is down 17.29% premarket after the company posted a second-quarter loss per share of $1.10, which came in higher than the 82 cents loss expected by Wall Street analysts. The buy-now-pay-later company's revenue of $399.6 million came in below Street estimates of $416.9 million. It also plans to layoff 19% of its staff as it aims to cut costs. Tech stocks have seen a rise in 2023, and our friend Andy Snyder believes we're undergoing the world's next big tech boom. This is why he's excited about one particular stock he believes could hand you life-changing profits. Click here to learn more about this breakthrough tech company. |
Post a Comment
Post a Comment