Good morning Wake-Up Watchlisters! While you're sipping your Starbucks pineapple passionfruit refresher you'll see stock futures inched higher Wednesday. However, some key CPI data for June could reveal stubborn inflation numbers today. If that happens, the Federal Reserve might be compelled to keep tightening monetary policy, which would pressure stocks. It's no secret the markets have been rough in 2022, but we're still defying the odds in The War Room. We had an 100% win rate on 11 trades last week, including a double-digit gainer in the pet sector. Plus, we're utilizing hedge trades for ample protection against heavy losses. If you're ready to finally start taking advantage of these volatile markets with us, click here to join The War Room. Here's a look at the top-moving stocks this morning. KKR (NYSE:KKR) KKR is up 9.77% premarket after the global investment firm announced the final close of a $2.1 billion fund. This fund has been dubbed 'KKR Asset-Based Finance Partners' and will commit capital globally to privately originated credit investments backed by large pools of financial assets. Dan Pietrzak and Matthieu Boulanger, Partners and Co-Heads of Private Credit at KKR, called asset based finance 'one of the most compelling and fastest-growing opportunities within our private credit business today." Delta Airlines (NYSE: DAL)Delta Airlines is up 4.17% premarket as the company is the first of the U.S. airlines to post a second-quarter profit. Travelers showed a willingness to pay up to fly, making up for the airline's higher costs. The carrier also vowed to improve reliability after an increase in delays and cancellations prompted it to scale back its summer schedule. With the airlines still seeing strong demand, there's another stock in the aviation space you're going to want to know about. Right now this "Last Great Value Stock" is trading for under $2 – and there's an upcoming announcement in August that could send it soaring. Click here to unlock the 'Last Great Value Stock.' Unity Software (NYSE: U)Unity is down 7.02% premarket after the software company announced a definitive agreement with complementary company Ironsource (NYSE: IS). Ironsource will merge into a subsidiary of Unity via an all-stock deal. Once closed, Unity stockholders will own 73.5% and Ironsource holders will own $26.5% of the combined company. Fastenal (Nasdaq: FAST)Fastenal is down 3.98% premarket after the maker of fasteners and tools reported second-quarter profits that matched expectations but revenue came up a bit shy. Net income rose to $287.1 million, or 50 cents a share, from $239.7 million, or 42 cents a share. The FactSet Consensus was 50 cents for earnings per share and $1.79 billion for revenue. Don't buy into recession fears until you watch this The question on everybody's mind is 'are we in a recession?' Our Head Fundamental Tactician Karim Rahemtulla answers this question in our latest edition of Trade Talk Tuesday. Check out the video by clicking here. Those are the top market movers today. Happy trading! The Wake-Up Watchlist Research Team |
No comments:
Post a Comment