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Chipmaker Bounces Back

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Trade of the Day Wake-Up Watchlist

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Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures climbed on Friday. Investors are anticipating Friday's update on the PCE price index, a key inflation indicator for the Fed as it tries to cool inflation. If there's a dip in prices, it could give the central bank reason to halt interest rate increases and encourage hopes that no more hikes will come this year.

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

Intel Corporation (Nasdaq: INTC)

Intel Corporation is up 6.86% premarket after reporting better-than-expected second quarter results. The chipmaker also posted third quarter earnings guidance that was better than anticipated. Due to a slump in PC sales, Wedbush Securities SVP Matt Bryson told Yahoo Finance that the results suggest that the first quarter "was the low." Overall, this could be a sign that the bottom is over for now.

Chipmaking companies like Intel are undergoing a major shift to help the U.S. prevent China's sinister plan to force America to its knees.

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Enphase Energy (Nasdaq: ENPH)

Enphase Energy is down 16.49% premarket after the solar inverter maker's third-quarter revenue target fell well short of analyst estimates. Weak demand was a major factor, as lower prices for electricity in states like Texas and Arizona are one example of why demand for solar isn't as high.

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First Solar (Nasdaq: FSLR)

First Solar is up 11.67% premarket after coming out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $0.95 per share. The report represents an earnings surprise of 94.74%.

 

Roku, Inc. (Nasdaq: ROKU)

Roku is up 9.85% in premarket after its second-quarter earnings report. The company beat top and bottom lines while also besting its own guidance by a large margin. The stock has been strong overall 2023, as it's currently up 60% this year.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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