Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures crept higher on Thursday following the Federal Reserve's latest policy announcement. The Fed bumped interest rates by 75 basis points for the third straight time, bringing the federal funds rate to a new range of 3.0% to 3.25%. With the Federal Reserve's latest move, there could be more volatility in store during the coming months. That's why we're putting our energy into profiting off negative stocks in The War Room. Click here to learn how to make gains on poor performing stocks. Here's a look at the top-moving stocks this morning. Phillips 66 (NYSE: PSX) Phillips 66 is up 4.85% premarket as the oil company continues to benefit from robust oil usage. Americans are using more gas for traveling as the country enters post-pandemic recovery. The Ukraine Russia uncertainly has also created more demand for energy. Oil and gas stocks have been major winners in 2022, and we've been positioning ourselves on energy stocks in Trade of the Day Plus. Click here to unlock those trades. Spero Therapeutics, Inc. (Nasdaq: SPRO) Spero Therapeutics is up 105.67% premarket after announcing an agreement with GSK for its late-stage antibiotic asset, tebipenem HBr. Tebipenem HBr is being developed as the first oral carbapenem antibiotic for the treatment of urinary tract infections, including pyelonephritis, caused by certain bacteria. |
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