Friday, September 16, 2022

Ouch FedEx...

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures slid on Friday. It's been the worst week for the markets since June, and the latest dip suggests the recent sell-off isn't over yet. All signs point to the Federal Reserve increasing rates by another 75 points next week.

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

FedEx (NYSE: FDX)

FedEx is down 19.71% premarket after the shipping company doubly disappointed investors on Thursday. It reported weak quarterly results while withdrawing its full-year financial guidance. JPMorgan's Jack Atherton cited 'Amazon's competitive advantage when it came to discounted shipping rates' as a reason for FedEx's slide as well.

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Applied Optoelectronics (Nasdaq: AAOI)

Applied Optoelectronics is up 32.80% premarket after the company announced a definitive agreement to sell its Chinese manufacturing facilities. The fiber optic manufacturer will sell its technology for the purchase price of $150 million. It expects to complete the transaction by 2023.

 

XRI: The #1 Investment of the Decade

Could this new technology spark the biggest investment boom since the internet?

Barron's says it's "going to be really, really big."

Apple's CEO says that it is one of those "very few profound technologies that we will look back on one day and say, 'How did we live our lives without it?'"

While one early investor in Facebook, Twitter and Uber says, "This is the first time that technology has made me feel this excited since I was first introduced to the internet in 1994."

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NCR (NYSE: NCR)

NCR is down 15.84% premarket after the company announced it plans to separate into two independent, publicly-traded companies. The separation is intended to be structured in a tax-free manner and is targeted for the end of 2023.

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Syros (Nasdaq: SYRS)

Syros is up 9.13% premarket after the leader in the development of gene control medicine announced approval of a merger with Tyme Technologies. The closings of the merger and the financing are anticipated to take place today.

 

Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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