Thursday, June 2, 2022

Storage Company Sees a Spike

Trade of the Day Wake-Up Watchlist

After August... This Stock Under $2 Could Go to $20
(And It Would STILL Be a SCREAMING BUY)

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Analysts predict earnings will soar more than 320% this year...

Possibly as much as 500%!

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As demand for cloud-based storage continues to expand, it's worth keeping on an eye on Pure Storage going forward.

Good morning Wake-Up Watchlisters! While you're drinking that first cup of high quality H20 you'll see stocks rose Thursday after lower oil prices put investors a little more at ease about inflation. It also bumped up interest in equities.

With so much volatility in 2022, it's important to find value stocks that will stand the test of a bear market. That's why we're pounding the table on a company we're calling 'The Last Great Value Stock.' Right now it's trading for under $2, but you'll want to get in soon though. There's an upcoming announcement in August that could send it soaring. Click here to unlock this stock.

 

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

Pure Storage (NYSE: PTSG)

Pure Storage is up 12.45% premarket after posting strong financial results for the fiscal first quarter. The enterprise storage and cloud company brought in revenue of $620 million, up 50% from a year ago. As demand for cloud-based storage continues to expand, it's worth keeping on an eye on this stock going forward.

 

C3.ai (NYSE: AI)

C3 is down 23.61% premarket after a guidance disappointment. For the upcoming July quarter, the company now sees revenue at $65 million, falling well short of Wall Street's consensus of $74.4 million. C3.ai came in with a quarterly loss of $0.21 versus the Zacks estimate of $0.29. C3.ai is looking volatile.

 

MongoDB (Nasdaq: MDB)

MongoDB is up 8.97% premarket after a strong quarterly earnings report. The company came in with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. MongoDB belongs to Zacks Internet and has surpassed consensus EPS estimates four times. Keep an eye on MongoDB going forward.

 

Elastic N.V. (NYSE: ESTC)

Elastic is up 7.43% premarket despite reporting a fourth quarter loss of $0.06 per share. Much like Salesforce (NYSE: CRM) earlier this week, the data analytics company topped revenue estimates, bringing in $239.4 million. That's an 35% increase year-over-year. Keep an eye on Elastic N.V. going forward.

 

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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