Friday, August 12, 2022

A Toast to This Big Premarket Mover

Trade of the Day Wake-Up Watchlist

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Good morning Wake-Up Watchlisters! While you're sipping your morning coffee you'll see stock futures resumed gains on Friday. The momentum from lighter inflation data is still going. Plus big tech company Apple saw shares tick up despite a market slowdown.

While the economy has shown positive signs as of late, we're not out of the woods yet. Our friend Marc Lichtenfeld has been showing investors how to profit in a bear market. In fact, he's been paper trading his latest strategy and just hit his first big moment this week.

Click here to learn how 'Project 9' works.

 

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

Toast (NYSE: TOST)

Toast is up 15.32% premarket after the company boost its earnings outlook. The all-in-one digital technology company platform for restaurants added over 6,000 new locations. Second quarter subscription revenue also grew 100% year-over-year. Overall, revenue grew 58% year-over-year to $675 million.

 

Illumina (Nasdaq: ILMN)

Illumina is down 14.75% premarket after the company tanked on its second quarter earnings report. Illumina came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $1.87 per share a year ago.

 

Kiora Pharmaceuticals PLC (NYSE: KPRX)

Kiora Pharmaceuticals is up 24.72% premarket after reporting its latest financial results. The company was recently financed to help advance three core programs, most notably KIO-301 for Retinitis Pigmentosa, a rare inherited genetic eye disease.

Identifying big movers like Kiora are what we do in The War Room. This allows investors to make simple trades and watch their profits grow while they sleep.

Click here to learn more about our overnight strategy.

 

Payoneer Global (Nasdaq: PAYO)

Payoneer Global is up 20.59% premarket after showing strong growth in its latest earnings report. Revenue grew to $148.2 million, up from $137 million a quarter ago. It also had 50% year-over-year revenue growth in its portfolio of emerging markets, which includes Latin America, Southeast Asia, Middle East and more. The company also raised its guidance for the full year.

 

How to identify The Perfect Stock

When it comes to knowing which companies to invest in, our friend Alexander Green has a formula. First, the stock has to be undiscovered. Second, it also has to be trading for just a few dollars a share. And right now he's got his eye on a $4 gem of a company.

Click here to unlock this 'perfect stock.'

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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