Gap CEO Sonia Syngal announced she would be stepping down after a "brief" transition period.Good morning Wake-Up Watchlisters! While you're sipping your pink lemonade on a beach somewhere you'll see stock futures fell Tuesday as worries of global economic growth muted investor excitement. Investors appeared to be shunning riskier assets such as stocks in favor of safer bets like U.S. Treasurys and the dollar. Speaking of safe bets, making fundamentally sound trades is crucial in markets like thse. That's why we put out one carefully selected trade out every Wednesday that follows a very specific strategy. Right now we're guaranteeing an 83% win rate with this weekly trade and its helped members record gains of more than $4,000 in just one day. Click here to learn more about overnight trades. Here's a look at the top-moving stocks this morning. The Gap (NYSE: GPS)Gap is down 6.39% premarket after CEO Sonia Syngal announced she would be stepping down in a "brief" transition period. Executive chairman Bob Martin will assume the role as interim CEO. The onset of the COVID-19 pandemic led to a rough first quarter for the company under Syngal. For the year, Gap saw earnings per share of $0.30 to $0.60 compared to Street estimates of $1.30. Gap remains volatile. Doordash (NYSE: DASH)Doordash is down 4.66% premarket after the company shut down Chowbotics, the Hayward-based robotic salad-making business it bought in February 2021. The move was due to the fact that Chowbotics' Sally robots weren't meeting DoorDash's internal benchmarks. Doordash is looking volatile. Assurant (NYSE: AIZ)Assurant is up 4.23% premarket after being named one of Ward's 'Top 50 performing property and casualty insurers' for the 16th consecutive year. The company was also recognized for outstanding financial results. In 2022, shares have rallied 12.4% year to date against the industry's decrease of 6.4%. Keep an eye on Assurant going forward. Arrow Electronics (NYSE: ARW)Arrow Electronics is up 2.57% premarket. The company has witnessed the Zacks Consensus Estimate for its current year earnings increase 4.3% over the last 60 days. It currently carries a 'Strong Buy' rating from Zacks and has a price-to-earnings ration of 5.05., compared with 7.90 for the industry. Keep an eye on Arrow Electronics going forward. With technology always at the forefront of innovation, there's another opportunity in the Electric Vehicle sector you'll want to learn more about. Right now there's a company trading at around $25 that our friend Andy Snyder says could be 'The Next Tesla.' Click here to unlock this stock. You Need This Info For The Current Market In the current markets, you need to be in protection mode Our Head Trading Fundamental Karim Rahemtulla talks all about how to prepare yourself for any losses during this volatile time. Click here to watch. Those are the top market movers today. Happy trading! The Wake-Up Watchlist Research Team |
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