Tuesday, March 7, 2023

Website Maker Pops 13%

Trade of the Day Wake-Up Watchlist

Good morning Wake-Up Watchlisters! While you're sipping coffee you'll see stocks rose on Tuesday. Many investors are still sidelined after being burnt repeatedly betting on a cooling US economy. The S&P 500 index is up 2% this month, recouping some of February's losses, but traders appear hesitant to push the gauge higher.

With the market barely moving forward, it's crucial to know where the dip buying opportunities are. We're currently looking at several dips in The War Room, including some big name tech stocks.

Click here to get in on the action.

 

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

Squarespace Inc. (NYSE: SQSP)

Squarespace is up 13.10% premarket after revenue beats and topping guidance. The website building and e-commerce site grew revenue by 10% year over year to $228.8 million in the fourth quarter, compared with $207.4 million in the fourth quarter 2021. Total bookings grew 15% year over year to $232.1 million in the fourth quarter, compared to $201.6 million in fourth quarter 2021.

 

Nutanix (NYSE: NTNX)

Nutanix is down 8.20% premarket after rising 6% in after hours. The hyperconverged-infrastructure company topped expectations with preliminary results. It also forecasted revenue of $430 million to $440 million for the third quarter, and $1.8 billion to $1.81 billion for the year.

The tech sector is undergoing a $13 trillion shift. Right now our friend Andy Snyder is pounding the table on this game-changing tech stock. This company has the potential to transform industries like healthcare, retail, manufacturing and much more.

Click here to unlock XRI.

 

THOR Industries (NYSE: THO)

Thor Industries is down 9.16% premarket after net sales for the second quarter came in at $2.35 billion, a decrease of 39.4% compared to the second quarter of fiscal 2022 and a decrease of 14% over the same quarter of fiscal year 2021. Consolidated gross profit margin for the second quarter was 12.1%, a decrease of 530 basis points when compared to the second quarter of fiscal year 2022.

 

Dick's Sporting Goods (NYSE: DKS)

Dick's Sporting Goods is up 4.73% premarket ahead of its latest earnings report. The company had a record-setting full year 2022 in sales, with $12.37 billion, up 0.6% from 2021. It also delivered full eyar 2022 EBT margin's of 11%, which is more than two times 2019.

Earnings reports can often serve as a catalyst for a stock's direction. However, there's another indicator our Head Fundamental Tactician Karim Rahemtulla likes to follow – insider buying. Following where insiders are putting their money is a proven way to increase confidence in your trading.

Click here to see how this strategy could lead to gains as high as 2,250%.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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