Attention traders: It's Monday and our Lead Technical Tactician Nate Bear is giving out his weekly stocks to watch. This week he's got his eyes on a semiconductor group as their earnings day approaches. Click the image below to see what else he's looking at. Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stocks were flat on Monday as investors prepare for more earnings reports. Charles Schwab is set to report earnings today (more on that below) as the stock has been under pressure. Last week corporate earnings got off to a positive start as JPMorgan Chase and Wells Fargo beat estimates. Plus, data from Bank of America shows 90% of companies were in the positive to start earnings week, which is the best start since 2012. As inflation continues to cool and interest rates likely drop, it's crucial to consider a major opportunity due to this current development. Our Head Fundamental Trading Tactician Karim Rahemtulla is letting readers know about a special income play. He's so bullish on this opportunity he's going "all-in" and showing subscribers exactly how much money he's investing. Click here to discover Karim's "Super Income System." Here's a look at the top-moving stocks this morning. Charles Schwab (NYSE: SCHW) Charles Schwab is up 2.62% premarket ahead of earnings and is expected to post a bottom line of 90 cents per share, up 17% from last year on revenues nearing $5.13 billion, according to Street forecasts. Schwab saw a 28% decline in average margin balance sin March in the immediate wake of the collapse of Silicon Valley bank. We're currently positioned on SCHW is the War Room and last month closed a trade on this bank stock for a 38% gain. Click here to unlock that trade. Fox Corporation (Nasdaq: FOX) Fox Corporation is down 5.01% premarket with the Dominion Voting Systems $1.6 billion defamation trial slated to begin today. However, the latest reports indicate the trial has been pushed back a day and a source familiar with the matter says the media giant is pursuing settlement talks. Dominion is suing Fox Corp and Fox News in a defamation lawsuit over the network's coverage of the 2020 U.S. presidential election. |
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