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Tech Flexes 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 climbed on Friday, putting the S&P 500 on pace for a new record high. Another tech stock also rallied this morning after Taiwan Semiconductor jumped in yesterday's premarket trading. Overall, the latest tech boosts are countering the uncertainty surrounding interest rate cuts in 2024.

With the indexes approaching all-time highs, our Lead Technical Tactician Nate Bear called for this in his latest video. You can read more about his thought process here. And as a result of the tech rally, Nate closed a massive 800% winner on AMD in 2 trading days.

Click here to learn more about Nate's TPS trading system and his mission to turn a $37,000 account into $1 million in verified trading profits.

 

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

Super Micro Computer, Inc. (Nasdaq: SMCI)

Super Micro Computer is up 13.67% in premarket trading after the data specialist raised its sales and earnings guidance significantly for the December quarter. The San Jose, California company now expects sales of $3.6 billion to $3.65 billion, up from its prior guidance of $2.7 billion to $2.9 billion.

Our Lead Technical Tactician Nate Bear recently opened a trade on SMCI in Daily Profits Live.

Click here to unlock that trade.

 

iRobot Corporation (Nasdaq: IRBT)

iRobot's stock plummeted 35.8% in premarket trading following news that the European Union's competition watchdog is likely to veto Amazon.com Inc's acquisition of iRobot. This significant drop reflects investor uncertainty and regulatory challenges.

 

The AI Singularity Clock Is Ticking

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Wayfair (NYSE: W)

Wayfair is up 10.51% premarket. The furniture company announced a workforce realignment plan this morning. The plan involves a workforce reduction of approximately 1,650 employees, representing approximately 13% of its global workforce and 19% of its corporate team.

Huntsman Corporation (NYSE: HUN)

Huntsman is down 7.42% in premarket trading. The dip came after the chemical company missed the Zacks Consensus Estimate in earnings of 19 cents. Revenues were $1,506 million, down around 25.1% year over year. Also, revenues from the polyurethanes segment declined 23% year on year to $967 million.

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

We Could Be Less Than 3 Months Away From an AI Super-Event

According to one of the world's top AI scientists, there's a major event coming in as little as three months that could cause expensive tech stocks like Microsoft, Google and Nvidia to double or triple in price in the following months. But whatever you do, don't go all-in on Big Tech before you have all the details. Click here.

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