Good morning Wake-Up Watchlisters! While you're sipping that morning coffee you'll see stock futures fell Friday. A new list of corporate earnings included disappointing results from Snap, and that news sent other social media companies like Meta and Twitter reeling. Pinterest was also down.
As markets remain volatile, you'll want to make sure you're protecting your assets. One of our top strategies in The War Room involves hedge trades. We have a 90% win rate on hedge trades in 2022 and right now we're guaranteeing 322 winning trades for members in their first 12 months.
Here's a look at the top-moving stocks this morning.
Hanger (NYSE: HNGR)
Hanger is up 25.08% premarket after the medical devices company announced it has agreed to be taken private by healthcare investment firm Patient Square Capital. The deal is wroth about $1.25 billion. The agreement was unanimously approved by Hanger's Board of Directors.
DSS (NYSE: DSS)
DSS is up 18.92% premarket after the multinational company announced Global BioLife, a subsidiary of the company's wholly owned Impact BioMedical, executed a licensed agreement with ProPhase BioPharma for Global Biolife's Linebacker Portfolio. The portfolio contains two patented small molecule PIM kinase inhibitors with significant therapeutic potential.
This is an unprecented time of innovation in the medical industry, but there's another sector that's undergoing a rapid transforamtion - the electric vehicle sector. Right now there's a startup company Andy Snyder says could be 'The Next Tesla,' and it's currently trading for around $25.
Intuitive Surgical is down 11.92% premarket after its latest earnings report. The company came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.16 per share. The quarterly report represents an earnings surprise of -1.72%.
SIVB Financial (Nasdaq: SIVB)
SIVB is down 10.68% premarket after quarterly earnings came in at $5.60 per share, missing the Zacks Consensus Estimate of $7.68 per share. This compares to earnings of $9.09 per share a year ago. Overall, the quarterly report represents an earnings surprise of -27.08%.
The 'El Cheapo' way to play earnings
With earnings season back in full swing, you're going to want to know how to play earnings the cheap way. Our Head Fundamental Tactician Karim Rahemtulla breaks down how to use options strategies to give yourself a chance at a big gain.
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