Wednesday, April 20, 2022

Energy Stocks Charge Upwards

Trade of the Day Wake-Up Watchlist

Zachs Consensus Estimate says Valero will see a year-over-year earnings increase of 193.6%

Good morning Wake-Up Watchlisters! While you're sipping that grande vanilla cappuccino you'll see stock futures were flat this morning as investors digest disappointing earnings from one major company (more on that below).

Still, other areas are thriving. On Tuesday, 10 out of 11 sectors ended the session in the positive. Including Microsoft (Nasdaq: MSFT) and Alphabet (Nasdaq: GOOG), which rose 1.7% and 1.8%, respectively.

 

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

Valero Energy (NYSE: VLO)

Valero Energy is up 4.70% premarket as Wall Street expects year-over-year increase in earnings for the company last quarter. The company is scheduled to report earnings on April 26, 2022. The current Zachs Consensus Estimate is $1.62 per share, which represents a year-over-year change of 193.6%. Valero stock is looking like it could be on the rise.

The energy sector is white-hot and we've been helping War Room members ring the cash register. Back in March we had multiple double-digit gains - from one specific stock. Click here to unlock those trades.

 

Lithia Motors Inc. (NYSE: LAD)

Lithia Motors is up 3.27% premarket after recording the highest first quarter revenue and earnings per share in company history. Their first quarter 2022 revenue increased 54% to $6.7 billion from $4.3 billion in the first quarter of 2021. The company increased revenues to 54.4% and new vehicle revenues increased 39.6%. Lithia Motors is looking strong.

 

APA Corp. (Nasdaq: APA)

APA Corp is up 3% premarket after the energy company provided supplemental information on Tuesday for its upcoming May 5 earnings call. Last month, APA announced it had recently completed two transactions, which together generated net proceeds of $1 billion. The company completed a sale of a Delaware Basin mineral package for $805 million on March 7, 2022. Then a few days later they completed a sale of 4 million shares of Kinetik Class A common stock for $224 million. APA Corp is a stock to keep an eye on going forward.

 

IPG Photonics (Nasdaq: IPGP)

IPG Photonics is up 2.99% premarket after the high-power fiber laser company announced its upcoming earnings report will be on Tuesday, May 3, 2022. The one-year earnings growth at IPG Photonics is promising, as the company saw its earnings per share improve by 74%. Revenue is also up 22%. Overall, IPG Photonics has some strong fundamentals going for it.

 

Netflix (Nasdaq: NFLX)

Netflix is down 26.79% premarket after a shocking quarterly miss on sales and net subscribers. Netflix Co-CEO Reed Hastings cited increased competition from other streaming services like Apple and Paramount as the reason for the miss. He also said the company must focus on monetizing sharing going forward. Netflix is in choppy waters right now.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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