Tuesday, February 28, 2023

Zoom Goes Boom in Premarket

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stock futures edged higher on Tuesday, finishing off a volatile February for Wall Street. The latest uptick was a rebound after the worst week of the year. Inflation remains a hot issue, and Federal Reserve Governor Philip Jefferson shot down arguments on Monday for raising the central bank's 2% inflation target.

With more potential volatility ahead, it's vital to consider stocks that actually have a shot at increasing value over time. That's why our Head Fundamental Tactician Karim Rahemtulla has been eyeing this $1 stock. It recently developed an unimaginable new tech that powers 1 million homes. And its current cheap $1 price tag could go to $25… perhaps even $50… in just a few years.

Click here to discover why this $1 stock has "nuclear miracle" potential.

 

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

Zoom, Inc. (Nasdaq: ZM)

Zoom is up 6.48% premarket after reporting high-than-expected earnings. Adjusted earnings per share came in at $1.22, which was above the estimate of 80 cents. Revenue also came in higher than expected at $1.12 billion. Lastly, the company announced it would slash 15% of its workforce in February.

Earnings day is often a time where a stock can fluctuate up or down. In The War Room, we use a variety of strategies to generate gains no matter what direction a stock goes. One of our favorite strategies is overnight trading, and right now we're guaranteeing members receive 252 winning trades in their first 12 months with tactics like these.

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Workday (Nasdaq: WDAY)

Workday is down 2.58% premarket after the provider of HR and financial software reported revenue of $1.65 billion, up 19.6% from a year ago. But despite strong earnings, its uncertain outlook overshadowed its earnings beat. Overall, the company reported a net loss for the quarter of $125.7 million, with earnings before costs such as stock compensation coming to 99 cents per share.

 

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Shift4 Payments (NYSE: FOUR)

Shift4 Payments is up 5.15% premarket. The Lehigh County-based payment processor recently integrated its financial technology with check-out machines from Mashgin, a Silicon Valley company. The technology combination is expected to reduce checkout lines and times, the companies said.

The tech sector is undergoing a major shift. With new breakthroughs in artificial intelligence on the cusp of entering our day-to-day reality, it's important to consider trading the companies behind them. That's why our friend Andy Snyder is pounding the table on this immersive tech group.

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Target Corporation (NYSE: TGT)

Target is up 3.64% premarket after posting fiscal fourth-quarter earnings results before the market open on Tuesday that beat estimates. Consumer spending is shifting away from discretionary categories like electronics and more toward essentials like food. Target CEO Brian Cornell said the team was pleased with the sales growth in what continues to be a "very challenging environment."

Did you know following where CEO's like Cornell invest money can really help you understand how to make your own trades? Our Head Fundamental Tactician Karim Rahemtulla follows Insider Buying (the legal kind) as part of his Insider Matrix. It's one of his favorite methods for trading stocks and his Insider Matrix portfolio saw a 14% return in 2022.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

The ONLY Way to Play Markets Like These

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Warren Buffett said, "Price is what you pay... value is what you get."

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