Tuesday, December 6, 2022

DevOps Group Skies 17%

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures were little changed on Tuesday. Market observers are still largely expecting a 50 basis point increase to interest rates at the Fed's December meeting. Investors will also look ahead to data on international trade this morning, which should provide insight into the strength of the U.S. and global economy.

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

GitLab Inc. (Nasdaq: GTLB)

GitLab is up 17.40% premarket after the DevOps software company's quarterly results surpassed Wall Street expectations. Quarterly revenue came in at $113 million, representing a 69% change year-over-year. Its non-GAAP operating margin also improved by approximately 1,7000 basis points.

 

 
 

BioVie Inc. (Nasdaq: BIVI)

BioVie Inc. is up 10.75% premarket after the clinical-stage company for innovative drug therapies for advanced liver disease announced encouraging data on its latest drug NE3107. Findings showed NE3107 has an impact on improving patients' DNA methylation profiles, potentially impacting biomarkers of aging-related disease states. It also showed NE3107 showed the potential to enhance cognition as measured by multiple assessment tools.

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Textron Inc. (NYSE: TXT)

Textron is up 7.30% premarket after the winning a U.S. Army development contract. The contract is for the U.S. Army's Future Long-Range Assault Aircraft Program. The award is based on Bell's V-280 Valor tiltrotor that was developed and tested as part of the Joint Multi-Role Technology Demonstrator (JMR TD) program that began in 2013.

 

NRG Energy, Inc. (NYSE: NRG)

NRG Energy is down 8.18% premarket after it said Tuesday it will pay $12 a share or $2.8 billion in cash for Vivint Smart Home Inc. It will also assume $2.4 billion of the company's debt for a total deal value of $5.2 billion.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team

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