Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures went higher on Wednesday. Investors are taking in an earnings announcement from tech giant Nvidia (more on that below). Plus, new data on jobless claims and consumer sentiment are also on deck ahead of the Thanksgiving holiday. Every Wednesday, our Head Trading Tactician Bryan Bottarelli makes a new trade that takes advantage of a market trend that happens only once a week. Right now he's guaranteeing you'll see a win rate of 80% on every Wednesday pick he makes over the next year. Click here to unlock his latest trade. Here's a look at the top-moving stocks this morning. NVIDIA Corporation (Nasdaq: NVDA) NVIDIA Corporation is up 1.23% premarket after crushing earnings for the third quarter. The chipmaker reported earnings of $4.02 per share, which were well above the expected $3.36. Revenue is also up 206% from a year ago. The only problem was restrictions on AI chip exports to China, which CFO Colette Kress said could mean sales in the country "will decline significantly in the fourth quarter of fiscal 2024." As AI stocks continue to show real strength in 2023, it's important to look at other companies that stand a chance to benefit too. Right now our Lead Fundamental Tactician Karim Rahmetulla is talking about several under-the-radar AI stocks, including a cooling company that makes money every time a smartphone is sold – anywhere in the world. Click here to unlock these AI companies. Deere & Company (NYSE: DE) Deere & Company is down 7.59% premarket after forecasting smaller-than-expected profit next year. The main factor is demand, with slowing equipment sales from farmers starting to weigh on the world's largest tractor maker. Net income for the fiscal year will be between $7.75 billion and $8.25 billion, Deere said Wednesday. Overall, the company's full-year outlook came in well below the Bloomberg forecast of $9.32 billion. It's common to think you can't make money on a trade when a stock is down, but our Lead Trading Tactician Bryan Bottarelli specializes in what he calls "overnight trading." This strategy could help you make money if a stock is up or down – and in less than 24 hours. Click here to discover how overnight trading works. |
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