Thursday, May 5, 2022

EV Demand Jolts This Stock...

Trade of the Day Wake-Up Watchlist

With lithium prices soaring due to demand for electric vehicles, Albemarle Corporation is a stock to keep an eye on.

Good morning Wake-Up Watchlisters! While you're sipping that café au lait you'll see stock futures edged lower after a late rally Tuesday. The rally came after investors were relieved to hear the Federal Reserve was unlikely to raise interest rates higher in the coming months.

Want to learn how to prosper in these volatile markets for FREE? We're currently offering access to The War Room at no cost for 5 days. Here you'll get all our insights and trades. Click here to get FREE access from May 9-13.

 

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

Albemarle Corporation (NYSE: ALB)

Albemarle Corporation is up 14.24% premarket after the mining company reported earnings of $2.38 per share, beating the Zacks Consensus Estimate of $1.73 per share. The quarterly report represents an earnings surprise of 37.57%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. With lithium prices soaring due to demand for electric vehicles, Albemarle Corporation is a stock to keep an eye on.

 

Booking Holdings (Nasdaq: BKNG)

Booking Holdings rose 9.83% premarket as the online travel agency posted first-quarter earnings that blew past Wall Street estimates. The company is preparing for a "busy travel season" and shares are up to $2,310. As travel continues to ramp up, Booking Holdings is a stock to watch.

As the physical economy comes back to life, we're pounding the table on one stock that stands to benefit. We call it 'The Last Great Value Stock' and it's currently trading for under $2. If you want in, you'll have to hurry. There's an upcoming announcement on May 12 that could send this cheap stock soaring. Click here to unlock this stock.

 

SunRun (Nasdaq: RUN)

Sunrun Limited is up 7.85% premarket as the solar company reported higher than estimated sales. Revenue rose 48% to $496 million, surpassing the Zacks Consensus Estimate by 29.45%. Keep an eye on SunRun going forward.

 

Live Nation Entertainment (NYSE: LYV)

Live Nation Entertainment is up 5.66% premarket as the company is expected to report earnings before the opening bell. Its expected the company's revenue will benefit from pent-up demand for live events and robust ticket sales. Higher ticket prices should also be a positive factor. Overall, Live Nation is looking strong.

 

Etsy (Nasdaq: ETSY)

Etsy is down 11.28% premarket and the company is trading at near two-year lows. The reporting quarter had numbers that weren't that bad, with revenue coming in at $579.3 million vs. $575.6 million expected. However, its next quarter forecast is disappointing, with $540-590 million forecast vs. a $628 million estimate. Etsy is looking volatile right now.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

Not Your Normal Open House

Open House
 

We all know what an Open House is, especially in this housing market...

But this is completely different from that...

You will learn how to MAKE MONEY for one week, 100% FREE (no credit card... no B.S.), with real-time research and recommendations!

Since 2019, our members have seen over 1,200 WINNERS!

Now what is wrong with free? NOTHING.

Click Here to Join Our Week-Long (May 9-13) Open House!

No comments:

Post a Comment

Your Weekly Recommended Reads

Powered by AI, personalised for you Catch up on key news and analysis from the week gone by with The Business of Fashion's My...