Wednesday, August 10, 2022

Marketing Company up 15%

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Good morning Wake-Up Watchlisters! While you're sipping your morning coffee you'll see stock futures inched higher Wednesday. Investors are cautious as the Federal Reserve's response to key inflation data awaits.

With more volatility likely ahead after the data release, it pays to have an edge as an investor. Insider buying is that edge. Right now we're tracking several companies and recently closed a position on Carvana for a double-digit gain.

Click here to start trading with confidence.

 

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

The Trade Desk (Nasdaq: TTD)

The Trade Desk is up 15.72% premarket after the marketing automation company surprised investors with $377 million in revenue. This was enough to beat analysts' consensus estimates, which called for revenue of $364.9 million and adjusted EPS of $0.20. Overall, its revenue is up 35% year over year, on top of 101% growth in the prior quarter.

 

Bark (NYSE: BARK)

Bark is up 17.51% premarket after the company announced strong financial results for the fiscal first quarter. It delivered fiscal revenue of $131.2 million, a 12% increase year-over-year, and ahead of the company's guidance of $130 million.

The pet sector is still strong despite the volatile economy. Right now we're positioned on a stock in this sector as part of our Trade of the Day Plus portfolio.

Click here to unlock that trade.

 

Roblox Corp. (NYSE: RBLX)

Roblox Corp. is down 14.45% premarket after the videogame company said that a key sales metric declined for the second quarter in a row. The key metric is called 'bookings,' which include sales recognized during the quarter and deferred revenue. Bookings declined by 4% year over year.

 

Paysafe (NYSE: PSFE)

Paysafe Limited is down 15.67% premarket after seeing revenue declines in the second quarter. The company posted revenue of $378.9 million, down 1%. It also reported net losses attributable to the company of $631.5 million, compared to net income attributable to the company of $6.6 million.

 

Is the next 'Tesla' coming soon?

The electric vehicle sector is seeing fast growth, and our friends at Manward Press are pounding the table on a new $25 startup. This company could dominate the upcoming $7 trillion market. Their latest creation has 1,111-horsepower, a zero-to-60 time of 2.5 seconds, a top speed of nearly 170 miles per hour, and quarter-mile time of less than 10 seconds. It's no wonder the company is being called "Tesla's worst nightmare."

Check it out here and see what the hype is about!

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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