Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures fell on Thursday. There's growing signs of a global economic slowdown and investors are concerned the early 2023 rally might have gone too far. Reports are showing declines in consumer demand and business investment, boosting the probability of recession. When there's uncertainty in the markets, it's crucial to use the best strategies to survive and thrive. Our Head Fundamental Tactician Karim Rahemtulla believes following insider buying is one of the most effective ways to make gains in the market. His Insider Matrix had an average return of 14% in 2022. To put that in perspective, the average return of the S&P 500 was -19.44%. Click here to discover the Insider Matrix and start "following the money". Here's a look at the top-moving stocks this morning. Discover Financial Services (NYSE: DFS) Discover Financial Services is down 6.59% premarket after posting higher-than-expected net charge-offs. The metric came in at $581 million versus estimates of $554.7 million for the fourth quarter. The company now anticipates a rise in charge-offs between 3.5%-3.9% in 2023. Alcoa Corp. (NYSE: AA) Alcoa Corp is down 6.45% premarket after posting weaker-than-anticipated shipments for the precious metal this year. The aluminum company expects between 2.5 million and 2.6 million metric tons of shipments, which came in short of the consensus analyst estimates to ship on average of 2.65 million tons of aluminum. We positioned ourselves on this company in The War Room and were up as much as 11% yesterday. Click here to unlock more trades like these. |
No comments:
Post a Comment