Tuesday, April 26, 2022

Software Company Surges

Trade of the Day Wake-Up Watchlist

Strong Demand For Software and Service Solutions Led To a 6.30% Pop for NCR Corp.

Good morning Wake-Up Watchlisters! While you're sipping your pour-over coffee brew you'll see stock futures fell slightly after a big reversal in markets gave traders hope the April sell-off was coming to an end.

With markets are all over the place, many are asking "will the market crash in 2022?" On Saturday, April 30, at 6 p.m. ET, our own Bryan Bottarelli and The Oxford Club's Chief Income Strategist Marc Lichtenfeld, square off to answer that question. We're calling it "The Big Debate: Will the Market Crash in 2022?" and it's entirely free to attend.

(Clicking the above link will opt you on to free reminders for The Big Debate and special opportunities from us and our affiliates that we think might interest you. Privacy Policy).

 

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

NCR Corporation (NYSE: CRWD)

Crowdstrike is up 6.30% premarket as the company is scheduled to report earnings this morning. For the first quarter, NCR projects revenues between $1.9 billion and $1.95 billion, suggesting a 24.7% increase. The company benefited from strong demand of its software and service solutions across the banking, retail and hospitality industries. Keep an eye on NCR Corporation going forward.

 

Cadence Design Systems (Nasdaq: CDNS)

Cadence Design Systems is up 3.98% premarket after surpassing first-quarter earnings and revenue estimates. The company came in at $1.17 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.83 per share a year ago. Over the last four quarters, the company has surpassed EPS estimates four times. Cadence is looking strong.

 

Petco Health & Wellness (Nasdaq: WOOF)

Petco is up 3.30% premarket as the pet company is proving to be an inflation-proof stock. People haven't stopped spending money on their pets, as evidenced by Petco's net sales rising by 13% to $1.5 billion for the period ending Jan. 29. On the company's most recent earnings call, management noted that it was able to manage inflation and was "effective in passing through input price increases."

The pet sector remains one of the most inflation-proof sectors around. Trade of the Day Plus members have been positioned on Petco since January 2022 and members are reporting double-digit gains. Click here to learn more about how we're playing this inflation-proof stock.

 

United Parcel Service (NYSE: UPS)

UPS is up 3.35% premarket as the package giants reported first-quarter profit and revenue that beat expectations. UPS was boosted by strength in its U.S. Domestic segment, with revenues rising 8% to $15.1 billion. The company also reaffirmed its plan to double annual share buybacks to around $2 billion. UPS is looking strong.

 

Our Head Trading Tactician Calls For This Trade By June 1

While UPS is surging, there's actually another stock in this sector we're pounding the table on. FedEx (NYSE:FDX) was recently ranked as a 'buy' by our Head Trading Tactician, Bryan Bottarelli. Bryan recently called FedEx and UPS a duopoly. The best part? FedEx is trading significantly cheaper. Click here to learn more on why you should get in on this trade before it's too late.

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

This Is a No-Brainer!

No Brainer
 

This company would be undervalued at $20 a share.

But now shares are less than $2!

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